Chola Insurance Distribution Services Private Limited (CIDSPL) is an insurance distributor which is involved in procuring and soliciting insurance services for both Life and General Insurance companies. It is a part of the INR 381 Billion Murugappa Group which established in 1900 and has businesses in the fields of Agriculture, Engineering Services and Financial Services.
CIDSPL, established in 1984, has a corporate agency tie up with Cholamandalam MS General Insurance (Chola MS) for sourcing and servicing general insurance policies. It also has a tie up with Life Insurance Corporation of India (LIC) for sourcing life insurance policies. The current distribution strength includes 310 outlets pan India with a strong number of 800 employees, 85000 partners and 750 SPs.
In 2015, the company brought about a first-of-its-kind Insurance Kiosk to ease insurance policy distribution and servicing.
IRDAI Registration Number : CA0006.
CIN : U65991TN1984PTC028127
FY 2019-20
FY 2020-21
FY 2021-22
Final Annual Return FY 2021-22
FY 2022-23
Draft Annual Return FY 2022-23
Final Annual Return FY 2022-23
FY 2023-24
Draft Annual Return FY 2023-24
Final Annual Return FY 2023-24
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To be the most preferred distributor for General and Life Insurance products in the country
Make insurance accessible and the transparent and affordable products
To make our genuine products and service accessible to every customer, we have set up tech-enabled offices in remote towns of the country. At these trusted branch premises, our customers can buy genuine policies instantly.
We have proudly partnered with 750+ well qualified and certified persons to sell insurance products.
Our 85000+ POS persons, assist customers on every new initiative, and provide complete awareness of the product and services.
We are privileged to have 800+ fully trained employees to serve our customers.
Founded in 1900, the INR 369 billion (36,893 Crores) Murugappa Group is one of India’s leading business conglomerates. The Group has 28 businesses, including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major companies of the Group include Carborundum Universal Ltd., Cholamandalam Financial Holdings Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., TI Financial Holdings Ltd and Wendt (India) Ltd.
Market leaders in served segments, including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG).
The Group has a wide geographical presence all over India and spanning six continents. Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 50,000 employees. For more details, visit www.murugappa.com
Outlets
Employees across India
Licensed Specified Persons
Partners
Chola MS is a Joint Venture between the Murugappa Group (60%), an Indian conglomerate, and the Mitsui Sumitomo Insurance Group – Japan (40%)
Signed corporate agency arrangement with Life Insurance Corporation of India in Feb’21
The Company has entered into Corporate Agency Agreement (General) with United India Insurance Company Limited in July 2021.
The Compay has entered into Corporate Agency Agreement with Max Life Insurance Company Limited in November 2023.
Director
Director
Principal Officer
Registered address:
2nd Floor JBAS Building,No :146 (45), Moore street, Second Line Beach Chennai 600 001.
Toll free 1800 309 3938
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The advertisement contains only an indication of cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale
IRDAI Registration Number : CA0006.
CIN : U65991TN1984PTC028127
