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

Interview: We want to be among top five in size: S S Gopalarathnam

Chola MS General Insurance Company (Chola MS), a JV between the $4.4-billion Murugappa Group and Mitsui Sumitomo Insurance, is in its 10th year of operation in India. The company has set a target of Rs 2,500 crore gross written premium (GWP) in two years and a Rs 150-crore operating profit. Read more