Cholamandalam a leading Car Insurance service provider assists all the policyholders with round the clock customer support. This Insurance company is a joint venture between the Mitsui Sumitomo Insurance & Murugappa Group. The firm has witnessed a growth, it’s has got premium worth Rs. 4103 in the financial year of 2018. It is a growth of 30.9 % within a year.
The progress Cholamandalam has seen in the motor category along with other segment has been phenomenal. It’s improved to approximate 101 %. CholaMandalam has got 3% share in the industry, out of that 80% is dominated by the motor and few others. It’s round the clock services along with faster claims settlement has assisted Cholamandalam in achieving this milestone.
S. Gopalarathnam, Managing Director, Cholamandlam Car Insurance says. He would like to thank their joint venture partner MSI Japan and their employees for this success. Gopalarathnam also added that they are happy to get the equity of 20.5% for this Insurance venture.