Insurance Companies in India

The Chennai based Cholamandalam MS General Insurance Co. Ltd is a leading player in the insurance sector of India. It is a joint venture of the renowned names in the business sector, the Murugappa Group & the Mitsui Sumitomo. One of its parent sponsor the Murugappa Group is a USD 2.4 billion business conglomerate with various ventures in the field of engineering, abradants, sanitary ware, fertilizers, finance, bio-products and plantations and the other Mitsui Sumitomo is the second largest Insurance group of Japan with its spread in 38 other countries of the world.

Branches and Business
Chola-MS, the joint venture of these two big players in the field of business came in being in October 2002. The company now boasts of a pan-Indian presence with its presence in Chennai, Hyderabad, Bangalore, Kochi, Coimbatore, Mumbai, Pune, Indore, Ahmedabad, Delhi, Chandigarh, Kolkata, Vizag, Lucknow, Baroda, Hubli and Goa. Recently, the company has enhanced its capital base by infusing 75 crores through a right issue. The paid up capital of the company is thus expected to be increasing from Rs. 142 crores to Rs. 217 crores while the authorized capital will is expected to rise up to Rs. 250 from 205 crore.

 

Product and Services
Cholamandalam MS General Insurance is involved in the non-life or general insurance sector. With its efficient schemes and policies of consumer focus, the company is aimed to become one of the largest players of insurance sector in India. Cholamandalam MS General Insurance offers a varied list of services in accordance with the popular requirements in the insurance sector. Here is the comprehensive list of product, policies and services of the company-

Products And Services For Individual Customers

• Home Insurance
• Motor Insurance
• Health Insurance
• Travel Insurance
• Shop Insurance
• Office Insurance
• Personal Accident

• Marine
• Casualty
• Engineering
• Property and Crime
• Financial Lines