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Cholamandalam MS General Insurance

Cholamandalam MS General Insurance Co. Ltd. (IRDA Reg. No 123) is a leading insurance company in India. The company is a joint venture between India based Murugappa Group and Mitsui Sumitomo Group based out of Japan. Cholamandalam was established about 10 years ago and is headquartered in Chennai.

Presence in over 90 centers PAN-India and an agent network that is 7000 strong.

In 2005, their values - truth, transparency, and technology- formed the foundation of this multi-faceted company. The company offers a number of products such as different kinds of insurance, business protection solutions, etc. The company is popular among its customer base due to their its level of customer satisfaction through optimized operational processes and innovative vision.

Vision and Mission of Cholamandalam MS General Insurance

The vision and mission of the company are-

  • Vision: To be the most respected company amongst General Insurers in India for our value creation to customers and shareholders.

  • Mission: To bring peace of mind to our clients by protecting them from financial risks.

Cholamandalam MS General Insurance Company Finances

Collating all businesses together, Murugappa group recently registered a hike of Rs. 29,270 crores, which turns out to be 9.44% of the total revenue generated in FY 14-15, based on the company’s statement. In the following year (15-16), Murugappa group also had a one-time earning of Rs. 883 crores from an earlier 14% stake sale in the general insurance arm- Cholamandalam MS General Insurance.

Cholamandalam MS General Insurance Company offers

The Company is proud to offer a variety of insurance plans that are spread across the entire insurance arena and cater to individual needs of the consumers. They can be classified as:

  • Chola MS Health insurance plans

  • Chola MS Comprehensive Car insurance plans

  • Chola MS Commercial Vehicle insurance plans

  • Chola MS Personal Accident plans

  • Chola MS Travel Insurance plans

  • Chola MS Home insurance plans

  • Chola MS Fire insurance plans

  • Chola MS Engineering projects insurance plans

  • Chola MS Engineering operations insurance plans

  • Chola MS Property Crime insurance plans

  • Chola MS Marine insurance plans

  • Chola MS Liability insurance plans

Cholamandalam MS General Insurance Company Products and Services

Premium Payment process of Cholamandalam MS General Insurance

Online Payment process

Cholamandalam provides an online platform through which you can buy, renew and pay the premium of your insurance policy. You can simply login to the website, and pay your premium through various payment options such as via debit/credit card or net banking. The insurance provider also has an app through which premium payments can be processed.

Offline payment process

In case you wish to pay the premium in person, you can simply visit any branch of Cholamandalam General insurance and make your payment. All you need to do is carry your policy document with you and an executive should be able to assist you with the process.

Cholamandalam MS General Insurance Renewal

  • Online Renewal Process at Cholamandalam MS General Insurance Company: Chola MS offers a quick renewal policy on the official website. A policyholder simply has to go to the official Cholamandalam website, create a unique user id and password, and get his insurance policy renewed before the policy expires.

  • Renew insurance plans provided by other insurers with Cholamandalam MS General Insurance: Chola Ms lets policyholders renew insurance plans provided by other insurers on their platforms with a hasslefree online procedure. They simply have to follow the same procedure as a quick renewal and then can get their insurance policy of any kind renewed instantly. all they have to remember that they need to get their policy renewed before the date of expiration.

Awards & Recognitions of Cholamandalam MS General Insurance

Cholamandalam has received several awards for its outstanding customer service and exemplary performance in the insurance space. Some of these awards are

  • Best Insurance Company Award across Asia for “Health Insurer Claim Team for the year 2013” at the Claims Asia Awards 2013, hosted in Hong Kong

  • “Innovation Leader Award 2012” by Fintelekt

  • Best insurance company title for “In time claims settlement for the year 2011-12” in Rashtriya Swasthya Bima Yojana scheme run by the Ministry of Labour and Employment, Government of India

  • “Financial Insights Innovation Award” for innovation in mobile enablement by Claims survey process in Asian Insurance Congress held in Singapore

FAQs

Are Zero-Depreciation Insurance Policies Worth it?

Yes, zero depreciation insurance policies are more desirable. Under these policies the car owner would typically have their entire claim amount paid-off/reimbursed which is clearly a more convenient way to claim under a comprehensive insurance cover.

Why Choose Health Insurance by Cholamandalam MS?

Cholamandalam is known for its outstanding customer service and hence provides various health insurance plans that suit the needs of individual investors. The company provides health insurance plans that are more comprehensive as compared to other insurers are unique in their own kind to cater to specific needs of a policyholder.

What a Comprehensive Student Travel Insurance Covers?

A comprehensive student travel insurance plan covers expenses incurred for medical treatment, study interruptions and passport loss.

What are the benefits of having a Cholamandalam Car insurance?

There are several benefits of investing in Cholamandalam car insurance policy. The purchase of a new car insurance and renewal process is hasslefree, and can be done online por through the Chola MS app. The company offers comprehensive car insurance plans and several add on covers that work in the benefit of car owners. Moreover, a customer of Chola MS car insurance may be entitled to No-claim bonus in case they have a series of claim free years.

What Kind of policies are available online with Cholamandalam MS General Insurance Company Limited?

There are various kinds of insurance policies available with Cholamandalam MS General Insurance. They can be classified as-

  • Chola MS Health insurance plans

  • Chola MS Comprehensive Car insurance plans

  • Chola MS Commercial Vehicle insurance plans

  • Chola MS Personal Accident plans

  • Chola MS Travel Insurance plans

  • Chola MS Home insurance plans

  • Chola MS Fire insurance plans

  • Chola MS Engineering projects insurance plans

  • Chola MS Engineering operations insurance plans

  • Chola MS Property Crime insurance plans

  • Chola MS Marine insurance plans

  • Chola MS Liability insurance plans

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