Cholamandalam Ms vs Magma Health Health Insurance 2026 | PolicyX

Overview

Chola MS General Insurance is a 2001 JV of the Murugappa Group and Mitsui Sumitomo (Japan), driven by its T3 philosophy—Trust, Transparency and Technology.
COMPANY DETAILS ✎ Edit

Cholamandalam Ms

✎ Edit

Magma Health

Number of health insurance plans
Sum insured

Sum Insured

Up to ₹ 5 Crore

Sum Insured

Up to ₹ 3 CR
Claim ratio

Claim Ratio

94%

Claim Ratio

94.72%
Network hospitals

Network Hospital

12000+

Network Hospital

8400+
Solvency Ratio

Solvency Ratio

2.18

Solvency Ratio

2.02
Pan India Presence

Pan India Presence

1500

Pan India Presence

95
Claim Form

Claim Form

Available

Claim Form

Available
Annual premium (company level)

Annual premium (company level)

1,155.97 Crore

Annual premium (company level)

742.77 Crore
Years in operation

Years in operation

2002

Years in operation

2012
24×7 claim support

24×7 claim support

Yes

24×7 claim support

Yes
Claims settled within 3 months

Claims settled within 3 months

93.70

Claims settled within 3 months

96.84
Recommended Videos
Cholamandalam Health Insurance Review 2025 | Chola MS Full Details

▶ Cholamandalam Health Insurance Review 2025 | Chola MS Full Details

Magma HDI Health Insurance

▶ Magma HDI Health Insurance

●  Free Expert Advice

Talk to India's Top Insurance Advisor

Get personalised guidance from IRDAI-certified experts — zero cost, zero spam. Our advisors help 1M+ Indians choose the right plan every year.

Health Insurance Companies

Finding a reliable insurance company is as critical as purchasing suitable medical insurance plans to avail of all the expected benefits of the policy. Here are the 28 most trusted health insurance providers in India.

Trouble connecting with an insurance company?

Contact PolicyX.com
Toll-free: 1800-4200-269
We are happy to help.

Cholamandalam Health Insurance

Magma Health Insurance

Compare with Other Insurers

RK
Expert Reviewed

Reviewed By: Raj Kumar

With over 12 years of rich experience in the BFSI domain, with a specialisation in Life and Health Insurance, I have played a pivotal role in simplifying the insurance-buying process and delivering unparalleled service.

📞 Call Free