Insurance News on Cholamandalam MS

Two insurance companies ordered to settle motor insurance claims rejected earlier

December 14, 2011 - 11:27 AM  by

The Mumbai suburban district consumer disputes redressal forum passed a judgementMotor Insurance Claim Settlement ordering two insurance companies – New India Assurance and Chola MS to settle motor insurance claims of two vehicle owners, which were earlier rejected by them.

The first case involves Gunapal Shetty, who had taken a car insurance policy for his Tavera from New India Assurance Company. On June 26, 2009, the vehicle owner found his car missing from the spot where he had parked it in Chembur at night. He...  Read More »

Posted in Auto Insurance Cholamandalam MSNew India Assurance | 873 Views | Write a Comment »

Chola MS General Insurance Company networth increased to Rs 307 crore

October 17, 2011 - 11:38 AM  by

Cholamandalam MS General Insurance Company, headquartered in Chennai, has raised RsChola MS 50.05 crore through a rights issue. An 8 year old entity in the insurance space, the company is a joint venture between the Murugappa Group and Japan’s Mitsui Sumitomo Insurance Group.
 
In the financial year 2010-2011, Chola MS recorded gross written premiums (GWP) of Rs 968 crores. With a network of more than 90 branches across the country and 7,000 agents, the company has posted a remarkable growth of 23%...  Read More »

Posted in Cholamandalam MS | 447 Views | Write a Comment »

Chola MS General Insurance ties up with Central Bank of India

August 11, 2011 - 11:03 AM  by

Chola MS Insurance Company logoChola MS General Insurance Company entered into bancassurance partnership with Central Bank of India. For individuals, Chola MS has a variety of products in the category of Motor insurance, Health insurance, Travel insurance, Accident insurance & Home Insurance. Central Bank of India has 3,728 branches spread across the country, which will be used as a distribution channel for insurance products of Chola MS. The products will be customised for the bank in order to penetrate 75 per cent of the...  Read More »

Posted in Cholamandalam MS General Insurance | 765 Views | Write a Comment »

Zero depreciation car insurance gaining popularity in India

May 31, 2011 - 01:01 PM  by

Zero Depreciation or ‘Zero Dep’ car insurance policies seem to be gaining momentum with increasing awareness amidst car owners in India.

Zero depreciation on car insurance


Car owners until recently could not get a complete cover for their cars. Insurance companies would take depreciation of the car into account which would go up to 40% or even higher depending on the age of the car.


In 2009 however, this scenario changed completely. Some general insurance companies selling car insurance introduced add-on covers which...  Read More »

Posted in Car Insurance Bajaj Allianz GeneralCholamandalam MSRoyal SundaramTata AIG General | 4434 Views | 2 Comments »

Chola MS bags Best Insurance Company award

May 10, 2011 - 05:43 PM  by

Chola MS General Insurance received Best Insurance Company award for “in-time” claimsChola MS Insurance Company logo settlement under Rashtriya Swasthya Bima Yojana Scheme (RSBY).  The award was presented by the Union Labour Ministry.

 
RSBY is the brain child of the Ministry of Labour and Employment, Government of India which was launched to provide health insurance to families that are below poverty line (BPL). Under this scheme the BPL families would have to pay only Rs 30 per annum to get health insurance benefits up to...  Read More »

Posted in Cholamandalam MS Auto InsuranceCar InsuranceGeneral InsuranceHealth InsuranceHome InsuranceInsurancePersonal Accident InsuranceTravel Insurance | 826 Views | Write a Comment »

Cholamandalam MS General Insurer's Vision for the Future

December 31, 2010 - 12:31 PM  by
Insurance News

SS Gopalarathnam, Managing Director of Cholamandalam MS General Insurance, in a press conference shared the growth and future plans of the company. Chola MS, which is a joint venture between Chennai’s Murugappa group and Japan’s Mitsui Sumitomo Insurance (MSIG), aims a gross written premium (GWP) of Rs. 2,000 Crores by the end of 2013-14 along with a profit of Rs.100 Crores. He said that the company expects to achieve Rs.950 Crores during the current financial year (2010-11) with a profit of...  Read More »

Posted in Cholamandalam MS General Insurance | 1467 Views | 1 Comments »

Term Insurance Plans

Archive

SocialTwist Tell-a-Friend