Cholamandalam MS General Insurance Co. Ltd., a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan, began its operations in 2002. The company has grown consistently to expand its 26 states with over 600+ touch points, and a network of over 15500 garages and 12,000 hospitals. The company has gross written premium (GWP) of Rs.7598 cr, a growth of 22.54% (as against multi-line players' growth of 14.2%). Chola MS operates with a solvency ratio of over 1.79 times. (Regulatory minimum of 1.5 times)
A leading and respected player in the General Insurance space, Chola MS champions the philosophy known as T3 — Trust, Transparency and Technology. Driven by a promise the company has taken — #pledge2protect — ‘customer centricity’ forms the essence of the brand. Guided by the values and beliefs of the Murugappa Group, the Five Lights (Integrity, Passion, Quality, Respect and Responsibility), Chola MS has been consistently recognised and awarded by the Government of India, international entities and ratings agencies for its insurance service and delivery innovations.
For more details, visit www.cholainsurance.com
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SMFG India Credit Co. Ltd. is a corporate agent of Cholamandalam MS General Insurance Co. Ltd. with Corporate Agency License No: CA0098. Commerzone IT Park, Tower B, 1st Floor, No.111, Mount Poonamallee Road, Porur, Chennai, Tamil Nadu - 600116. Insurance is a subject matter of the solicitation. Kindly note that “Insurance” and/or any “Third-Party Products” (TPP) are not mandatory for the purpose of application and disbursement of the loan. It shall be the sole discretion of the customer to avail such insurance and/or any Third-Party Products along with the loan.
