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Cholamandalam Insurance

Murugappa Group

The Murugappa Group, headquartered in Chennai, India, is a USD 2.4 billion (Rs 9,582 crore) assemble by 2010 with interests in engineering, abrasives, sanitaryware, fertilisers, finance, bio-products and plantations. 29 companies run under this group, out of which eight are listed and incessantly traded on the National Stock Exchange and the Bombay Stock Exchange. Together, they have over 28,000 employees. With 40 units spread across 12 states in India, the Murugappa Group is one of India's oldest business houses. It has presence in the UK, USA, Australia, Canada, South Africa, UAE, Thailand, and China.

The group is a market leader in India across a lot of products like sanitary ware, fertilisers, abrasives, automotive chains, car door frames and steel tubes. Some of the country's best-known brands like BSA and Hercules in bicycles, Parryware in sanitary ware, Parrys Spirulina and Parrys Beta Carotene in nutraceuticals, Ballmaster and Ajax in abrasives, Gromor and Paramfos in fertilisers, and lot more fall under the Murugappa Group.

The group is also the recipient of the Distinguished Family Business Award – 2001 from the International Institute of Management Development (IIMD) in Switzerland. It is the only business group in Asia to have received this prestigious award.

Mitsui Sumitomo Insurance Group

Mitsui Sumitomo Insurance Group is one of the largest insurance groups in the world. Today, the group deals in non-life insurance, life insurance, financial services and risk management services. With non-life insurance as its core business, the operations of Mitsui Sumitomo Insurance Group span across 38 countries across the globe. With gross premium of 12.65 billion USD in 2007, MS is the second largest insurance group in Japan and is rated “AA-” by Standard & Poor and “Aa3” by Moody's. Mitsui Sumitomo Insurance has 733 sales bases, 257 claims handling offices and approximately 75,000 agents throughout Japan to form a sales network of the elite class in the industry. The company also offers global services with 63 sales bases in 38 countries and regions overseas.

A joint venture of Murugappa Group and Mitsui Sumitomo Insurance Group forms the reputed Cholamandalam-MS General Insurance Company Ltd.

Instruments

Liability Policies:

  • Workmen's Compensation Policy
  • Public Liability Policy
  • Product Liability Policy
  • Professional Indemnity Policy
  • Motor Policies

Miscellaneous:

  • Accident and Hospitalization Policies
  • Social Policies
  • Package Policies
  • Travel policies
  • Business PoliciesBusiness Policies
  • Rural Policies


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