“Best In time Claims Settlement for 2011-12”
in RSBY scheme
Chennai, 10th April 2012: Cholamandalam MS General Insurance Company has been awarded as the best insurance company for “In time Claims Settlement for the year 2011-12” in the Rashtriya Swasthya Bima Yojana (RSBY) scheme run by the Ministry of Labour & Employment, Government of India. The award was conferred at the National workshop held at Ranchi on 9th April 2012 by Hon. Union Minister for Labour and Employment Shri. Mallikarjuna Kharge. Shri Arjun Munda, Chief Minister of Jharkhand was also present during the function. Chola MS is the only company to have received this prestigious award 2 years in succession. Around 12 (PSU and Private) insurers are currently participating in the RSBY scheme in various states of the country.
This award has been given for settling the claims in time for the hospitals offering cashless treatment facilities to the below poverty line (BPL) families in various districts across the country. The data for claims settlement uploaded by various State Nodal Agencies and feedback from the hospitals was used to decide the winner.
Mr. S. S. Gopalarathnam, Managing Director, Chola MS said on this occasion “We’ve been pioneers in implementing this unique public–private partnership initiated by the government and since 2008 we have insured around 7.4 million BPL families across 35 districts in 5 states. It’s a very proud moment for us that the Government has recognized our claims service for 2 years in a row for our promptness and responsiveness. It is another milestone in our journey towards Customer Centricity. This also gives us an added impetus to improve the claims service further in the years ahead. ”
About Cholamandalam MS General Insurance Company (Chola MS):
Cholamandalam MS General Insurance Company Ltd. is a Joint Venture between Murugappa Group and Mitsui Sumitomo Insurance Group of Japan. Cholamandalam MS offers a wide range of products that include Accident, Engineering, Health, Liability, Marine, Motor, Property, Travel and Rural insurance for individuals and corporate. The company achieved a GWP of Rs. 1350 crores in 2011-12. The company has 113 branches and over 5000 agents across the country. Visit www.cholainsurance.com for more information about the company and its products.
About the Murugappa Group:
Founded in 1900, the Rs. 17051 Crores (USD 3.8 billion) Murugappa Group is one of India’s leading business conglomerates. The Group has 28 businesses including eight listed Companies actively traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.
Market leaders in served segments including Abrasives, Auto Components, Cycles, Sugar, Farm Inputs, Fertilizers, Plantations, Construction, Bio-products and Nutraceuticals, the Group has forged strong joint venture alliances with leading international companies like Groupe Chimique Tunisien, Foskor, Cargill, Mitsui Sumitomo and Morgan Crucible. The Group has a wide geographical presence spanning 13 states in India and 5 continents.
Renowned brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Gromor and Paramfos are from the Murugappa stable. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees.
Caution Notice
The public is hereby cautioned that it has been brought to our notice that certain unscrupulous persons/agencies are issuing fake sanction letters to customers and getting their signatures in fake loan agreements purporting to be a loan sanction letter & loan agreement of Murugappa Group and such persons /agencies are attempting to extort money by demanding security deposit/processing fee/insurance fee from the gullible customers for processing the required loan etc. In the aforesaid documents, those unscrupulous persons/agencies are also using the registered logo and name of Murugappa Group against law with intent to gain wrongfully by using the goodwill and reputation of the Group.
Please be informed that Murugappa Group is not a separate legal entity and never requires any customers to pay any advance money or deposit for loan sanctioning. Public is cautioned not to rely or act on any such fraudulent sanction/offer made in the name of Murugappa Group without verifying the authenticity of the contents.
Customers who are interested in availing loans may directly contact any of the nearest branch of Cholamandalam Investment and Finance Company Limited (Cholamandalam) a constituent of our group for further details or get in touch with us at 1800 200 4565 or alternatively email at customercare@chola.murugappa.com, or SMS at 9500000312.
MURUGAPPA GROUP