According to a press note, this is the first time that the company has crossed this mark in its nine year history. The company is targeting a GWP of around Rs 1350 crore during the current financial year.
Commenting on the same, S S Gopalarathnam, managing director, Chola MS said, 'This is a momentous occasion for us at Chola MS and our entire team is very proud of this achievement. This growth has been possible due to support, co-operation and contribution from our bancassurance partners, agents, brokers, all intermediaries in our value chain and our staff.'
The company is focused on growing its retail portfolio through new products in motor, health and other lines of business. The company has already introduced five new retail products and is planning to launch two to three new products in the last quarter of the current financial year, said the release.
It added: The company has won the Financial Insights Innovation Award for innovation in mobile enablement at the Asia Insurance Congress and also 'Best In time Claims Settlement Award for RSBY Claims' from government of India earlier this year.