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The firm produces a range of insurance products, including motor, health, accident, engineering, liability, marine, property, travel and rural insurance for individuals and corporate insurance. The company achieved a Gross Written Premium of Rs. 13465 million in 2011 – 12. The company has 93 branches and over 6,000 agents across the country. [2]
The two-wheeler insurance policy provides complete protection to two-wheelers and can be purchased online. It safeguards against any kind of damage incurred due to accidents or natural calamities. The policy cover is extended to any two-wheeler, its accessories, damages caused to third-party, and any injury to life.
The foundation for this group was laid by Dewan Bahadur A.M.Murugappa Chettiar who established a money-lending and banking business in 1900. [9]The business was first up in Moulmein, Burma (now Myanmar) [10] and then spread to British Malaya, Ceylon, Dutch East Indies and French Indo-China.
Two-wheeler insurance is a type of insurance that is mandatory in India. Falling under the General insurance product category, it helps protect people against accidents that take place on the road. Active two wheeler insurance shields the vehicle owner from any unforeseen occurrences like the accident or any serious damage to the motor vehicle.
Cholamandalam Investment and Finance Company Limited (CIFCL) is an Indian non-banking financial company and investment service provider, headquartered in Chennai. [3] [4] Established in 1978, it is a part of the Murugappa Group.
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...