Cholamandalam MS General Insurance targets Rs 7,700 crore premium

Cholamandalam MS General Insurance targets Rs 7,700 crore premium

Chennai, Feb 7 (IANS) Murugappa group’s multi-line insurer Cholamandalam (NS:) MS General Insurance Company Ltd targets to close this fiscal with a gross premium of about Rs 7,700 crore, a top company official said on Wednesday. The company will raise Rs 100 crore as tier 2 capital in the immediate future, Managing Director V. Suryanarayanan told reporters here.He also said the company will be expanding other lines of business so that the premium from the motor insurance is brought down…
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Source: https://in.investing.com/news/cholamandalam-ms-general-insurance-targets-rs-7700-crore-premium-4007263