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Chola MS combines the Murugappa Group's century of Indian industrial heritage with Mitsui Sumitomo's global insurance scale.
Operating in the Indian market since 2001
Registered and headquartered in Chennai
Murugappa Group and Mitsui Sumitomo
Licensed general insurer regulated by IRDAI
Chola MS combines the Murugappa Group's century of Indian industrial heritage with Mitsui Sumitomo's global insurance scale. The company is a consistent performer in motor, property, marine and accident lines, with deep distribution in South India.
With Murugappa Group industrial roots and Mitsui Sumitomo behind it, Chola MS features on our shortlists for engineering, project and manufacturing-property placements.
6.73% of claims decided were repudiated and 6.19% closed without payment; 93.63% of the claims paid were paid within three months of intimation. In FY2023-24 it paid 87.44% of claims decided. Ranked 19 of 24 general insurers on the share of claims paid. Source: IRDAI Handbook on Indian Insurance Statistics 2024-25, Table 53, published by IRDAI on 3 February 2026. Claim settlement ratio of every general insurer in India.
Solvency ratio 2.18 as at March 2025, against IRDAI's minimum of 1.50 (1.79 a year earlier): whether it could still pay after a very bad year. Solvency ratio of every insurer.
Market share: ₹8,124 crore of gross direct premium in FY2024-25, 2.6% of Indian general insurance, 16th of 34 insurers by size. By line: fire ₹662 crore (2.7% of the market); marine ₹146 crore (2.6% of the market); motor ₹5,427 crore (5.5% of the market); health with PA and travel ₹1,156 crore (0.9% of the market). Market share of every insurer.
Health insurance claims: an incurred claims ratio of 86.6% in FY2024-25 (group 83.8%, retail 102.5%), against 87.0% for all health insurers. Incurred claim ratio of every insurer.
Policy wordings: every Cholamandalam MS product in IRDAI's register, with its UIN and wording PDF. Cholamandalam MS policy wordings.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Cholamandalam MS is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer. Headquarters photo: Dare House (Murugappa Group HQ), Chennai — Samueljjohn, CC BY-SA 4.0, via Wikimedia Commons.
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