Premium paid to foreign re-insurers before 2014 ‘in not business expenditure’- Income Tax Appellate Tribunal
The re-insurance premium paid to foreign re-insurers before amendments to the Insurance Act in 2014 by an Indian insurer cannot Read more
CHOLAMANDALAM Ms GENERAL INSURANCE
Chola MS Crosses Rs. 4000 Crores in Premiums and Rs. 347 Crores in PBT During FY 2017-18
Cholamandalam MS General Insurance Company Limited (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, Japan Read more
Cholamandalam MS General Insurance launches Chola Tax plus Healthline Policy
Cholamandalam MS General Insurance Company Limited, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Japan, announced the launch of Chola Tax Plus Healthline Insurance Policy. The policy offers coverage under two sections, namely Hospitalisation and Out Patient Department (OPD) Treatments. The policy also offers full Tax Benefit of upto Rs.35000 under Sec 80(D). Read more
Cholamandalam MS General Insurance to offer services on mobile phones
Cholamandalam MS General Insurance is planning to offer its services on the mobile phone platform, a top company official said.
Cholamandalam MS General Insurance is a joint-venture between Murugappa Group and Mitsui Sumitomo Insurance Group of Japan. Read more
Health Insurance: No exit age in heath covers to increase insurers’ loss ratio
Health insurers in India may not be feeling quite well after the Insurance Regulatory and Development Authority (IRDA) proposed a host of measures in its draft guidelines to improve customer services. The proposal to remove the exit age in health insurance is likely to increase loss ratios of general insurance companies, insurers fear. Read more
Road mishap victim awarded over Rs 25 Lakh compensation
Family members of a 28-year-old youth, mowed down by a rashly driven truck which also injured his father and brother in the road mishap, have been awarded a compensation of over Rs 25 lakh by a Motor Accident Claims Tribunal (MACT) .
Read morePenalty on CHOLAMANDALAM Ms GENERAL INSURANCE
IRDA has imposed penalty of Rs. 5 lacs on Cholamandalam General Insurance Co. Ltd for violating provisions of IRDA Act.
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