S. S. Gopalarathnam, Managing Director, Chola MS General Insurance, formerly known as Cholamandalam MS, on Thursday said the company wanted to expand its presence in the rural health insurance segment by leveraging the reach of the Murugappa Group companies.
At a press conference to announce its new pan-India identity with focus on its association with Mitsui Sumitomo Insurance of Japan, he said Chola MS wanted to use the presence of Coromandel Fertilisers, EID Parry and Parry Agro to reach out to farmers with a rural health insurance product. Awareness among people in rural areas about insurance too needed to be improved, he said.
The focus on the health sector was well-founded, he said, adding that the health insurance segment, that was a vital ingredient of the general insurance segment, was growing at 40 per cent.
Whole-time director Tsuyoshi Yamane from Mitsui Sumitomo said being among the top five insurance groups worldwide, they were committed to provide the necessary support and expertise to increase the business of Chola MS.
