Cholamandalam MS General Insurance
Overview 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 (MSIG), 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 (GWP)of Rs. 13465 million in 2011 – 12. The company has 93 branches and over 6,000 agents across the country.
Why Cholamandalam General Insurance?
We believe that trust is the one common thread that binds us, our agents and you. And we give our best to uphold your trust in every step. Firstly, we have earned the reputation of being good listeners. We lend our ears to all your needs and based on that, we suggest the right product for you. In other words, we maintain a relationship of trust beyond the policy period, and that is for life.We maintain utmost transparency to give you the complete picture of our products. By using simple words instead of jargons and by explaining every feature in detail; we make sure you understand the process from end-to-end.
Why buy insurance on InsureMile online platform?
Because enquiry about insurance quotes, buying of insurance and other transactions are simple, transparent and competitive on InsureMile platform Because InsureMile does not ask you for your phone number or email details, thus you are not harassed by unwanted calls or mail. Because InsureMile will guide you, whenever you need any assistance
Personal Accident Insurance Health Insurance Car Insurance. Travel Insurance. Home Insurance Crop Insurance
Incurred Claims Ratio
The company holds an Incurred Claims Ratio of 72.91 % for 2016/17. Incurred Claim Ratio is calculated as the net claim settled by an insurer to the net premiums collected in any given year.
The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission. For every policy you buy, InsureMile on your behalf contributes 25 meals to a child. You are thus becoming part of a Social Movement to eradicate hunger among children in India. There is no additional amount to be paid for the social cause. It is part of the premium. You can claim tax benefits for the donation you have made.