>Jax 0677 at 21:33, 18 June 2021

2021-06-18T21:33:21Z

New page

{{short description|Indian assurance firm}}
{{EngvarB|date=February 2014}}
{{Use dmy dates|date=December 2020}}
{{Infobox company
| name = Chola MS General Insurance Company Ltd
| logo = Cholamandalam MS General Insurance.svg
| type = [[Private company|Private]]
| industry = [[Financial services]]
| traded_as =
| foundation = 2001
| location = [[Chennai, Tamil Nadu]], India
| products = {{ubl|[[General insurance]] |[[Vehicle insurance]] |[[Health insurance]] |[[Property insurance]] |[[Travel insurance]] |[[Accident insurance]] |[[Marine insurance]] |[[Crop insurance]] }}
| key_people = Suryanarayanan V, [[Managing director|MD]]<ref>{{cite web|url=http://www.thehindu.com/business/companies/article1018842.ece |title=Chola MS launches new pan-India identity |work=The Hindu|date=10 December 2010 |access-date=10 December 2010}}</ref>
| net_income =
| num_employees =
| parent = [[Murugappa Group]]<br />[[Mitsui Sumitomo Insurance Group]]
| homepage = {{url|https://www.cholainsurance.com/}}
}}

'''Cholamandalam MS General Insurance Company Ltd''' (Chola MS) is an Indian insurance firm and a joint venture between the [[Murugappa Group]], an Indian conglomerate, and the [[Mitsui Sumitomo Insurance Group]], a Japanese insurance company.

The firm produces a range of insurance products, including accident, engineering, health, liability, marine, motor, property, travel and rural insurance for individuals and corporate insurance. The company achieved a [[Gross Written Premium]] of Rs. 13465 million in 2011 – 12. The company has 93 branches and over 6,000 agents across the country.<ref>{{cite web|url=http://www.financialexpress.com/news/40-gwp-growth-for-cholamandalam-ms-general-insurance/894794/|title=40% GWP growth for Cholamandalam MS General Insurance|publisher=The Financial Express|date=2 January 2012|access-date=28 June 2012|archive-url=https://web.archive.org/web/20140306190645/http://www.financialexpress.com/news/40-gwp-growth-for-cholamandalam-ms-general-insurance/894794|archive-date=6 March 2014|url-status=dead}}</ref>

The company's motto is 'T3' – 'Trust, Transparency and Technology'. Chola MS was named the best insurance company in India for "In time Claims Settlement for the year 2011–12" in the [[Rashtriya Swasthya Bima Yojana]] scheme run by the Ministry of Labour & Employment, Government of India.<ref>{{cite web|url=http://apnnews.com/2012/04/10/chola-ms-receives-best-claims-settlement-award-2nd-year-in-a-row/|title=Chola MS receives Best Claims Settlement Award 2nd year in a row|publisher=APN News|date=10 April 2012 |access-date=10 April 2012}}</ref> [[IndusInd Bank]] offers Insurance for individuals as well as corporate customers in association with Chola MS.<ref>{{cite web|url=http://www.indusind.com/indusind/wcms/en/home/personal-banking/insurance/index.html|title=Insurance|publisher=IndusInd Bank|date=10 April 2010 |access-date=10 April 2010}}</ref>

The company has also been awarded "Financial Insights Innovation Award" for innovation in mobile enablement – Claims Survey Process at the Asian Insurance Congress held in Singapore in 2011.<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2011-09-14/news/30154363_1_claims-insurance-companies-bags |title=Chola MS General Insurance bags Financial Insights Innovation Award |work=The Economic Times|date=14 September 2011 |access-date=14 September 2011}}</ref>

==Organisational structure==

Currently{{when|date=May 2018}} there are around 704 Chola MS employees. This organisational structure is spearheaded by V. Suryanarayanan, managing director.<ref>{{cite web|url=https://www.cholainsurance.com/about-us/management-team|title=Management Team|publisher=Cholainsurance.com |date=1 August 2020|access-date=1 August 2020}}</ref>

==Awards and recognition==
The company has been recognised as the best insurance company for "In time Claims Settlement for the year 2011–12" in the Rashtriya Swasthya Bima Yojana) scheme run by the Ministry of Labour & Employment, Government of India. This award was given for settling the claims in time for the hospitals offering cashless treatment facilities to the below poverty line families in various districts across the country.<ref>{{cite web |url=http://www.newswala.com/India-National-News/Chola-MS-receives-Best-Claims-Settlement-Award-2nd-year-in-a-row-10760.html |title=Chola MS receives Best Claims Settlement Award 2nd year in a row |publisher=News Wala |date=10 April 2011 |access-date=10 April 2011 |archive-url=https://web.archive.org/web/20120415000639/http://www.newswala.com/India-National-News/Chola-MS-receives-Best-Claims-Settlement-Award-2nd-year-in-a-row-10760.html |archive-date=15 April 2012 |url-status=dead }}</ref>

==References==
{{Reflist}}

==External links==
* {{official}}


{{Major insurance companies}}
{{Insurance in India}}
{{Murugappa Group}}{{Mitsui|state=autocollapse}}

[[Category:Financial services companies established in 2001]]
[[Category:General insurance companies of India]]
[[Category:MS&AD Insurance Group]]
[[Category:Financial services companies based in Chennai]]
[[Category:Murugappa Group]]
[[Category:2001 establishments in Tamil Nadu]]
[[Category:Indian companies established in 2001]]

Cholamandalam MS General Insurance - Revision history

>Jax 0677 at 21:33, 18 June 2021