Cholamandalam MS General Insurance

Incurred Claim Ratio - 79*
*Data according to IRDA Annual Report (2017-18)
*Please note that the quotes shown will be from our partners

About Chola MS General Insurance Company

Cholamandalam MS General Insurance Company Ltd. is a joint venture between two groups, namely Murugappa Group and Mitsui Sumitomo. Murugappa Group is recognised as one of India’s leading business conglomerates, with 28 lines of business. Reputed brands like BSA, Ballmaster, Ajax, Gromor, Paramfos belong to Murugappa while Mitsui Sumitomo is a part of MS&AD, the largest insurance group in Japan.

Chola MS General Insurance Company has a diversified product portfolio, including, accident, engineering, health, liability, marine, motor, property, travel and rural insurance for individuals and corporate.

Currently, the company has 105 branches and over 9000 agents pan India.

Some of the prestigious awards won by Cholamandalam MS General Insurance are:

  • Best insurance company award across Asia for “Health Insurer Claims Team for the year 2013” at the Claims Asia Awards 2013 held in Hong Kong
  • “Innovation Leader Award 2012” by Fintelekt
  • Best insurance company title for “In time Claims Settlement for the year 2011-12” in the Rashtriya Swasthya Bima Yojana (RSBY) scheme run by the Ministry of Labour & Employment, Government of India
  • Awarded “Financial Insights Innovation Award” for innovation in mobile enablement – Claims Survey Process in Asian Insurance Congress held at Singapore

Backed with viable IT infrastructure, Cholamandalam MS General Insurance is working towards providing utmost satisfaction to customers through a wide array of insurance products.

Cholamandalam MS General Insurance Plans & Policy Portfolio
Chola MS Health Insurance Plans:

Hospitalization expenses can burn a hole in our pocket and alter the quality of life by imposing financial restrictions. Cholamandalam plans ensure that we can take proper care of ourselves and our family during a medical emergency. They cover an individual against hospitalisation expenses with option of including spouse, dependent children and dependent parents with a family discount.

Chola Healthline:

The Chola Healthline plan is a comprehensive policy that protects both individuals and families on a floater sum insured basis. As the primary insured party, you can include your parents, spouse and dependent children in the family plan. If you apply for individual cover, you can include your siblings and your in-laws also.

Chola Swasth Parivar Plan:

A comprehensive policy that provides cover for hospitalisation expenses incurred by a family on a floating sum insured basis in addition to personal accident cover that works on an individual sum insured basis.

Chola Tax Plus Healthline Plan:

The Tax Plus Healthline Plan from Cholamandalam offers insurance against both hospitalisation expenses as well as outpatient or OPD expenses. The policy is available for both individuals and families on a floater sum basis with the sum insured option ranging from Rs. 1-5 lakh.

Chola Family Healthline Plan:

The Family Healthline Insurance floater policy from Chola MS covers both Allopathy and Ayurvedic treatments. A single policy can cover your spouse and children and allows any insured member to claim up to the full sum insured. The policy offers a floater sum insured of up to Rs. 15 lakh.

Chola Individual Healthline Plan:

The Individual Healthline Insurance policy covers hospitalisation as well as related expenses. It also covers expense related to pregnancy and for external healthcare aids such as spectacles or contact lenses, and hearing aids. The policy additionally insures general and eye check-ups once every two years. The sum insured is up to Rs. 10 lakh per person

Chola MS Top Up Healthline Plan:

The policy offers cover for additional medical expenses for both individuals and families on a floater sum basis. Chola MS offers seven plans with various options for sum insured or deductibles. Moreover, the policy can be purchased for periods ranging from 1-3 years. No medical check-ups are necessary up to 55 years of age.

Chola MS Critical Healthline Plan:

The Critical Healthline Plan is a fixed benefit policy for critical illnesses that guards against loss of income or regular living expenses. It offers a flexible sum assured amount and is also valid for income tax exemption up to Rs. 25,000 per annum under section 80D of the Income Tax Act

Chola MS Hospital Cash Healthline Plan:

The Chola Hospital Cash Healthline plan pays a fixed daily allowance for every 24 hours spent in the hospital. The payout helps you to take care of miscellaneous expenses arising during the hospital stay. A lump sum amount is also paid for the period of recovery if hospitalisation exceeds 20 days on a continual basis

Chola MS Car Insurance Plans:

It is mandatory in India to get car insurance then why not get the best deal?

Car Insurance plan by Cholamandalam MS General Insurance provide a protective cover that offers comprehensive insurance including both third party cover and own damage cover.

Chola Protect:

The Chola Protect car insurance plan offers a complete cover for your car. It takes care of all necessary expenses including providing complete financial coverage. It also provides assistance for car emergencies, breakdowns as well as post accident help

Chola MS Commercial Vehicle Insurance Plan

Commercial vehicles ply frequently, even at odd hours and cover long distances making them more susceptible to accidents. Cholamandalam commercial vehicles insurance is the perfect cover for commercial vehicle owners to ensure that any unforeseen event is taken care of and the harm to their business is minimised.

Chola MS Travel Insurance Plans:

You must have a Cholamandalam travel insurance plan as your companion on holidays, business trips or visits to friends and family visits abroad. They provide door-to-door cover for your convenience and safety. Never travel without a travel insurance cover.

  • Business/Leisure Travel: The Chola Overseas Travel Protection Policy is a short term travel insurance plan that comes in three variants, viz., Gold Cover, Silver Cover and Senior Citizen Plan for people in the 71-80 years age group. Benefits include door-to-door cover, multi-purpose insurance against all trips whether for business or personal reasons and much more
  • Student Travel Insurance: Meant for students travelling abroad for studies, the Chola Student Travel Protection Plan offers door-to-door coverage and express claims processing. The plan comes in three variants. The economical Silver plan also provides medical insurance. The Gold and Platinum plans offer comprehensive cover with additional benefits
  • Corporate Travel: The Chola Corporate Travel Days insurance policy is ideal for frequent corporate travellers. Businesses can buy the policies in their names and thereafter issue individual trip insurance for their employees

Chola MS Home Insurance Plans:

Home insurance plans by Cholamandalam MS General Insurance safeguard your home and give you a comprehensive cover to tackle all destructive situations that it might face. Fire, flood, earthquake, burglary; there are innumerable instances that can harm your house and endanger the roof above your head.

Chola MS Total Home Protect:

The Chola Total Home Protect policy insures your home, the valuables inside and your family. It offers comprehensive coverage against unforeseen man-made or natural events

Chola MS Home Insurance:

A comprehensive home insurance plan, the policy guards the property as a whole, the structure as well the contents of the home. It offers protection against theft or burglaries besides man-made or natural disasters

Chola MS Personal Accident Plans:

Personal accident cover is essential to secure your future financially in the event of an accident. A personal accident cover shall not only ensure top quality medical treatment but will also cater to your post hospitalisation requirements, if necessary.

Chola MS Accident Protection Insurance:

The Chola Accident Protection Insurance plan covers against unfortunate incidents. It offers weekly compensation for loss of income due to the accident in addition to payouts for modification of home or vehicles, fees for private tuition, transportation of family, daily cash allowance for hospital stay and various other benefits

It is advisable to compare all Cholamandalam General insurance plans with plans from other General insurance companies in India to choose the best insurance plan that suits you the most.

Chola MS General Insurance Distribution Network:

Cholamandalam operates with 113 branches and more than 7500 agents across the country.

Cholamandalam MS General Insurance - Latest News

  • 9 Percent Growth in Net FY16 Revenue of Murugappa Group

    Combining multiple businesses, Murugappa Group recently registered a hike of Rs. 29, 470 Crore, which is 9.44 percent of the total revenue of FY15-16. The company had a total revenue of Rs. 26, 926 Crore in FY 14-15, based on a company’s statement.

    Its net EBITDA (earnings before interest, taxes, depreciation and amortization) depreciation at the year-end stood at Rs. 3, 035 Crore, which is up by 4 percent in comparison to Rs. 2, 921 Crore in FY 14-15. Earlier in FY 15-16, Murugappa group also had a one-time earning of Rs. 883 Crore from an earlier 14 percent stake sale in its general insurance arm – Cholamandalam MS General Insurance.

    This stake sale involved 14 percent hike in the existing 26 percent stake of Mitsui Sumitomo Insurance Company- Tube Investment’s (a firm of Murugappa Group) Japanese partner in the JV, leading it to 40 percent. In the meantime, Cholamandalam Investment – the financial services unit of the company along with vehicle financial disbursements also saw 32 percent growth while home equity 14 percent. T

    he improved overall performance of electro-mineral divisions and abrasives backed the Cholamandalam MS General Insurance Company to earn a 25 percent net growth in EBITDA.

  • TI’s Stake Sale FIPB Approval Application withdrawn by Murugappa Group

    Tube Investments (TI), a subsidiary of Murugappa Group recently withdrew the proposal it sent to gain approval for selling its 14 percent stake in Cholamandalam MS General Insurance to its Japanese partner in the JV, Mitsui Sumitomo Insurance Co. Ltd., said the Govt. of India.

    On this, Murugappa Group has given a clarification regarding its withdrawal of application after the government of India stated that no such approval from FIPB is required. As none of such transactions require FIPB approval, the transactions made earlier by the subsidiary company is longer valid or applicable.

    This deal has been successfully completed on March 31, 2016, and was not rolled back or cancelled earlier. At the end of Q3 of fiscal 15-16, Tube Investments had approved a stake sale of Rs. 882.67 crore. This had led to TI’s share up 17 percent. Also, the government quite recently approved seven FDI proposals, which involved Rs. 517.57 crore.

  • Cholamandalam Insurance Seeks FIPB Approval on April 5

    FIPB (Foreign Investment Promotion Board) is going to deliberate on 16 FDI proposals at a meeting on April 5, which also include the proposal of Cholamandalam MS General Insurance and in the defense sector, Indian Rotorcraft as well. At the meeting, the board is also going to look at the proposal of Gulf Quarry General Trading FZC that has sought an approval for its interest in investment in an India-based firm that still awaits incorporation.

    The company looks forward to establishing a new firm in the city of Amritsar for making gypsum and boards powder by crushing gypsum rocks. At the upcoming meeting, multiple companies, including Elite Screens India Pvt Ltd, Ordain Health Care Global, OneMarket India LLP, HWIC Asia Fund, and Jupiter Corporate Services would also be present seeking FIPB approval.

  • Tube Investment Spins off 14% Stake in Cholamandalam MS General Insurance Company

    The Board of Murugappa Group Company, which owns Tube Investments, recently confirmed the sale of its 14 percent stake in Cholamandalam MS General Insurance Company to Mitsui Sumitomo Insurance Company, the Japanese JV Partner of the group, leading its share to 40 percent, which earlier was 26 percent. Valued at Rs. 882.68 Crores, this sale is expected to infuse much needed capital into the Murugappa Group as well as the private Indian insurance company.

    The Chairman of Tube Investments Group, M M Murugappa, expressed his delight on this occasion, as this is expected to strengthen the company’s relationship with Mitsui Sumitomo Insurance and further help Cholamandalam General Insurance realize its vision to make it to the top of the list of general insurers in India. Though the decision is subject to regulatory approval at this stage, both parties have high hopes that the sale will be approved by the concerned regulatory bodies and agencies.

  • Cholamandalam Investment To Raise Up To Rs 6,700 Crore

    Cholamandalam Investment and Finance Company, key stake holder in the Cholamandalam Insurance JV, has stated that it would raise up to Rs. 6, 7 00 crore in various slots by issuing 60,000 secured redeemable, non-convertible debentures valued at Rs. 10 lakh. The timeframe to achieve this goal has not been disclosed yet.

    It has also announced that it will be investing about Rs. 75 crore in equity shares of Cholamandalam Distribution Services Limited (CDSL), which is a subsidiary of the company. With this investment, the total investment made by the Company for its subsidiary will come to Rs. 117.40 crore. In addition, another investment of Rs. 8 crore will be made in White Data Systems India Pvt.

    Ltd which is a majority held company. This will be for a freight aggregator start-up. An app for this start-up is also underway, which will optimise technology so as to enable the transport operators to earn more.

Cholamandalam MS General Insurance Reviews

August 02, 2016

Best Plan

My cholamandalam commercial vehicle insurance is the best. It facilitate me the best services and the tow service is at any location any time and for free. The accidental death benefits are also inbuilt in the plan. Coverage is high and claims are easy to approved.

August 02, 2016

Travel Insurance

Cholamandalam travel insurance is very good policy, i said it because i took one for my last vacations. The coverage and facilities are very much high. Premium is very normal and claiming amount is high which can be sanctioned easily.

August 02, 2016

Good Plan

My home insurance plan is perfect which provides the full coverage of any cause. The reimbursement is there for natural calamities and theft, burglary, housebreaking etc. The policy recover the valuable items and belongings too.

August 02, 2016

Car insurance

Recently purchased car insurance plan through cholamandalam MS insurance. The service given is fantastic and the tow facility is also there in need without taking any charges. The car tires and interiors of the car is not included in the insurance policy.

August 02, 2016

Health Insurance

I have cholamandalam health insurance plan. I bought it in low budget and the service provided is good. Policy cover maximum expenditure occur during any problem or case. The accidental death benefits is also in the policy.

August 02, 2016

Quality Product

Personal accident insurance plan of mine is great and coverage is high. Good work cholamandalam insurance company. The service is fast and premiums are less. The ambulance is facilitate for free at any location at any time.

July 21, 2016

Commercial vehicle insurance

I purchase cholamandalam commercial vehicle insurance plan which has very low investment but it secure the vehicle completely. The owner/driver has a accident death benefits also. Tow facility is available at any location for free of cost.

July 21, 2016

Insurance Policy

While travelling last month, i lost my luggage by mistake. The cholamandalam insurance company has very good service and response, they reimbursed the amount of my lost items and rest they found from where i visited. Thanks for the great service and for the help.

July 21, 2016

Home plans

Home insurance plan for my house is from cholamandalam ms insurance. Policy was suggested by my colleague, Premium of the plan is normal but the returns are much more than that. The lost items, belongings, valuables are reimbursed.

July 21, 2016

Vehicle Security

Car insurance is very important now, I buy cholamandalam insurance for my new car in low investments. Service of the cholamandalam is perfect, even tow facility is for free of cost at any location. Quantity of garages is also high in number which reduces waiting.

July 21, 2016

Cholamandalam Health plan

Good suggestion given by my friend to purchase cholamandalam health insurance. The company facilitate good service which reduces waiting time and hospitals have some good benefits like ambulance is for free. Updates of the plan is mailed regularly to my email id.

July 21, 2016

Good Insurance

Nowadays, Accident is a common issue. Precaution is better than cure that's why i took my alders advice and buy personal accident plan. Now the problem is there are vast range of insurers, I choose cholamandalam insurance which provide low premiums and good paybacks. Great policy which has large number of hospitals to provide on time customer service and treatment.

July 05, 2016

Good Vehicle Insurance

I had commercial vehicle insurance plan for my new vehicle. The policy coverage is good and the tow facility is for free at any location. The whole vehicle is insure in this policy except tires. Accidental death benefits is also in this plan and third party reimbursement too.

July 05, 2016

Trustable Policy

My travel insurance plan is good policy which has low premiums and claims are high. Policy provide lot of benefits but the refund amount of the ticket is not possible. The lost luggage is reimbursed by the insurance company.

July 05, 2016

Home Insurance

This insurer provide me fantastic home insurance plan which has lots of benefits. Premium is less and the reimbursement is there for all the valuable staff. Policy coverage is high and claiming is very easy due to fast service and it can be done on online service which is very simple to use.

July 05, 2016

Coverage Is Good

I have car insurance plan. Good policy coverage, low premiums. Service is fast and tow car facility is there for free. Good number of garages are there for 24X7 service for customers. Plan cover whole vehicle except fiber parts and tire of the vehicle.

July 05, 2016

Health is Wealth

The health insurance policy i have is really very effective and beneficial too. Service is fast and online portal service is simple to use. Policy coverage is high and claims are high and easily sanctioned by the company members fast service.

July 05, 2016

Personal Accident Policy

Policy i have is very nice and beneficial insurance plan i.e., personal accident insurance. Policy coverage is high and premium is low. Service is quick and ambulance service is provided at any location for free. Claims sanctioned easily.

June 24, 2016

Great Policy Deal

The commercial vehicle insurance plan I have is very good and beneficial. The policy covers maximum damage and the tow facility is there for free at any location. The accidental death benefits is for driver/owner. The hassle free documentation and easy renewal which can be done online.

June 24, 2016

Good Travel Plan

I purchase travel insurance plan in low premium. The service facilitate by the executives members of the company is quick and it make's easy to sanctioning the claims. The lost luggage is reimbursed by the insurance company but the refund amount of tickets is not possible. The web service is nice and easy to access.

June 24, 2016

Fair Insurance Policy

The home insurance plan for my new house is gifted by my father which has many benefits like many belongings are insured by the insurance policy. Service provided by the company members is fantastic which is fast and on time too. The theft, burglary, housebreaking problems is not an issue because the lost is reimbursed. Good work.

June 24, 2016

Good Car Insurance

The car insurance plan for my new car come's in low premiums and the claims are easily sanctioned due to fast service given by the company members. The policy coverage is good and except fiber parts the whole car is insured. Tow facility for car is available at any locations.

June 24, 2016

Nice Health Policy

The health insurance plan is most important matter nowadays. I have mine in less premiums. Service facilitate by the company is superb and claims are easy sanctioned due to this quick services. The ambulance is provided by hospital for free. Good investment and security of the future problems.

June 24, 2016

Nice Policy

The personal accident insurance plan is very much important in this time. I have one which has low premiums. The service is perfect and ambulance is provided for free of cost. Policy coverage is good and the accidental death benefits is inbuilt in the policy. Claiming is easy due to fast service and hassle free documentation. Good plan.

June 17, 2016


My cholamandalam car insurance plan is the best. Policy coverage is high ~90% and the claims are high. Investments are low but returns are many like tow car facility is free and the number of garages are high and service is fast and time. Good investment for future, Even accidental death benefits are for driver/policyholder.