Chola MS General Insurance Company Limited

With a legacy of more than 120 years, Indian Conglomerate Murugappa Group along with the Japanese Insurance Market leader, Mitsui Sumitomo Insurance Company Limited, launched a joint venture - Chola MS General Insurance Company Limited to offer a wide range of products and services catered to the Indian consumers.

Chola MS is a leading insurance company offering a wide range of insurance products including the following.

• Health Insurance
• Motor Insurance
• Property Insurance
• Accident Insurance
• Engineering Insurance
• Liability Insurance
• Marine Insurance
• Travel Insurance
• Crop Insurance 

The insurance products are finely curated and offered to individuals as well as corporates. 

Cholamandalam MS General Insurance Company Ltd (Chola MS), began its operations in 2002, offering a wide range of insurance products -Motor, Health, Property, Accident, Engineering, Liability, Marine, Travel and Crop insurance for individuals and corporates. The Company, which is a joint venture between the Chennai headquartered Murugappa Group and Mitsui Sumitomo Insurance, Japan has grown to record a Gross Written Premium (GWP) of Rs.6200 Crores denoting a growth of 27.6% (industry growth of 16.2%) and market share of 2.87% (up from 2.61%) amongst GI players (other than SAHIs) in FY2023. A leading and respected player in the General Insurance space, the employees operate with the philosophy of T3 – Trust, Transparency and aided by Technology. ‘Customer centricity’ is the brand’s essence and it has taken a promise, #pledge2protect. It is also guided by the five lights of the Murugappa Group - Integrity, Quality, Passion, Respect and Responsibility.

The brand philosophy of Chola MS is known as T3;

• Trust
• Transparency
• Technology.

The brand has been awarded and recognized for its consistent performance and contribution to the sector by the Government of India, many international organizations as well as credit rating agencies for its insurance service and delivery innovations.

Company Products – 

1. Flexi Plus (UIN: CHOHLGP21132V012021)

• Multiple, flexible Sum Insured Options up to a maximum sum of INR 7,50,000 lakhs, for Individuals as well as Family Floater
• For unrelated claims, Sum Insured Restoration clause up to 100% 
• Waiting period is as low as 30 days of illness 
• All day care procedures are covered
• More than 10,000 partner hospitals with cashless facility
• There are no limits on treatment or for Co–payments 
• AYUSH Coverage 

2. Chola Hospital Cash Healthline (Revision) (UIN: CHOHLIP21301V022021)

• The policy covers the entire family including parents-in-law and siblings
• No pre-policy health check-up required before 55 years of age
• Discount offered on premium payments up to 5% for 2 members and up to 10% for policies covering more than 2 members
• Lifetime Renewal opportunity
• For any ICU Hospitalization need, there will be Double Cash benefit without any extra cost
• Premium Payment once till the policy expires
• Premium payment is allowed as a tax deduction* up to INR 25,000 for individuals under section 80D of the Income Tax Act
• Premium payment is allowed as a tax deduction* up to INR 55,000 for senior citizens under section 80D of the Income Tax Act
• The policy tenure can be extended up to a maximum of 3 years

3. Chola Flexi Health Supreme (UIN: CHOHLIP22225V012122)

• Complete restoration of the original sum insured, on exhaustion or insufficient Sum Insured and Cumulative Bonus
• All day care procedures are covered
• The policy also covers Infertility Treatment
• Covers hospitalisation cost across the Globe on Reimbursement basis for Planned hospitalisation
• The policy covers Bariatric Surgery
• New Born Vaccination
• Home Care Expenses
• Personal Accident coverage
• Maternity coverage 

4. CHOLA MS RAKSHA KAVACH POLICY (CHOHLGP20118V011920)

• Policy offers Critical Illness and Personal Accident Covers
• Lumpsum benefit on Permanent Total Disability
• The policy offers an Education Grant 

5. Chola MS Critical Healthline Insurance (UIN - CHOHLIP21302V022021)

• The policy covers the entire family and includes ambulance charges as well
• No pre-policy health check-up required before 55 years of age 
• Waiting period is as low as 90 days of illness 
• Premium payment is allowed as a tax deduction* up to INR 25,000 for individuals less than 60 years of age for senior citizens under section 80D of the Income Tax Act
• Premium payment is allowed as a tax deduction* up to INR 55,000 for senior citizens under section 80D of the Income Tax Act
• Lifetime Renewal opportunity

Disclaimer - 

All Rights Reserved. Cholamandalam MS General Insurance Company Ltd. Insurance is the subject matter of solicitation. Reg office: 2nd Floor, "Dare House", No.2, NSC Bose Road, Chennai - 600001, India. IRDAI Registration Number: 123. Trade logo displayed above belongs to ‘CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED” (formerly known as TI financial holdings limited) and Mitsui Sumitomo Insurance Company Limited and used by Chola MS under license. . T: +91-44-4044 5400 | F: +91-44-4044 5550 | E: [email protected] or Call (Toll Free): 1800 208 5544 (for Motor) and 1800 208 9100 (For Health and Others) or SMS “CHOLA’ to 56677* | Visit us at: www.cholainsurance.com *SMS charges as applicable. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. Terms and Conditions apply. 

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IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Please Note: Tax benefits are subject to changes in tax laws. T&C Apply