About Cholamandalam General Insurance
Cholamandalam MS General Insurance Company Ltd is a leading insurance firm in India. It was founded in the year 2000. The company was formed after a joint venture between two renowned groups Murugappa Group and Mitsui Sumitomo. Murugappa group is a huge business giant which operates in 28 different business lines. This business conglomerate is the mother of so many renowned brands such as Ajax, BSA, Ballmaster, Gromor, Paramfos etc. Whereas Mitsui Sumitomo is a subordinate of one of the largest insurance groups in Japan, MS&AD.
Chola MS General Insurance Company has a diversified product portfolio. It offers a wide range of insurance products such as Health Insurance, Motor Insurance, Property Insurance, Marine Insurance, Personal Accident Insurance, Travel Insurance, Engineering projects insurance, Crop Insurance Etc.
The year 2018 was a milestone for the company. It has achieved a Gross Written Premium (GWP) of INR 41,026 million. It is currently working nationwide with a total of 87 branches and 34,000 agents. It has also spread its operations in so many foreign countries. It is catering to the needs of more than 10 million customers.
The company has a brand philosophy known as T3. It stands for Trust, Transparency, and Technology. It is providing excellent service to its customers for more than a decade and managed to win several awards and recognition from the government of India, international entities and rating agencies for its insurance service and delivery innovations. It has received an award for 'In time Claims Settlement for the year 2011-12' in Rashtriya Swasthya Bima Yojana scheme run by the Ministry of Labour & Employment. In an Asian conference held in Singapore, it won the "Financial Insights Innovation Award" for its innovation in the field of mobile enablement. Among many other awards, it has also won "Innovative Leader Award 2012" by Fintelekt.
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Cholamandalam Two wheeler Insurance FAQs
What is the process of buying, renewing and paying a premium in Chola MS?
In Chola MS there are two modes through which one can buy or renew their insurance policy as well as pay the premium. It offers an online and offline platform for the convenience of the customers. You can simply log in to the official website for buying a policy or paying premium via debit card, credit card or net banking. If someone is not comfortable with it, they can simply visit the branch.
What are the add-on covers available with Chola MS two wheeler Insurance policy?
Chola MS two wheeler Insurance policy offers various add-on covers so that the policyholders can get additional coverage. It includes Full Depreciation Waiver Cover, Return to invoice Cover, Monthly Installment Cover, Daily Cash Allowance, Hydrostatic Lock Cover. The policyholders can buy it with their Comprehensive/standalone own-damage two wheeler insurance policy by paying an additional premium.
What are the features of the Chola MS two wheeler Insurance policy?
The Chola MS two wheeler Insurance policy has the following features:
- It offers unique add-on covers.
- It provides Roadside Assistance services.
- It is ISO certified.
- In-house claim settlement.
- The customers will get complete support at the time of claim settlement.
- Long term plans for new two wheelers.
How many branches does Chola MS General Insurance have in India?
Chola MS General Insurance has 87 branches all over the country. The customers can visit any branch to get their two wheeler insurance policy. You can look for your nearest branch by visiting the official website or downloading the app.
Whom should I contact if I have a query related to Chola MS’ insurance plans?
If you have any queries regarding the policy you can ring up to their customer executive on their toll-free number 1800-208-5544. You can also mail your query at email@example.com and someone from the team will revert back to you. Else you can also contact Insurance Dekho.
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This article is issued in general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.