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Cholamandalam MS signs IndusInd Bank to sell insurance

Cholamandalam MS signs IndusInd Bank to sell insurance plan for them, IndusInd Bank is a part of Hinduja Group, they have 28 per cent of the stakes.

Apnainsurance.com Research Bureau

15 Nov 2007

Cholamandalam MS General Insurance Company signs IndusInd Bank to sell insurance products for them through their branches. By adopting this strategy, they aim at selling Rs. 250 crore worth of insurance plans over the next three years. The company has already earned a premium of Rs.315 crore which they have earned in the entire last year.

IndusInd Bank has 28 per cent stake in Hinduja group.