Chola MS, IndusInd Bank renew bancassurance partnership for 5 years

Chola MS offers a wide range of insurance products across motor and non-motor lines of business through IndusInd Bank's outlets across India

Chola MS General Insurance and IndusInd Bank Ltd have renewed their corporate agency arrangement for a period of five years. This decade-long partnership has garnered around Rs 37 billion in the past five years and serviced close to half a million customers during the last financial year alone.     

SS Gopalarathnam, managing director of Chola MS, said that the insurer has embarked on various digital initiatives to help IndusInd Bank offer more products and services across customer segments of the consumer banking division. 

The instant policy issuance process has led to better customer retention and satisfaction for the bank and the