chennai cholamandalam ms general insurance a joint venture of murugappa group and mitsui sumitomo insurance japan expects to clock a 24 per cent growth in total premium in the current fiscalchola ms managing director s s gopalarathnam said on friday we expect to reach a premium income of rs 900 crore this year compared to rs 725 crore last yearwe expect majority of growth to come from motor insurance which accounts for 60 per cent of the companys portfolio followed by 20 per cent from health and remaining from property fire and travel insurance he said at the launch of easy click travel insurance a new offering by the companythe company posted a net profit of rs 2 crore and an underwriting loss of rs 39 crore during 200910 the underwriting loss included a loss of rs 15 crore from motor poolgopalarathnam also noted that chola ms has exited some unprofitable portfolios like group health plans and immigrant policies in travel insurance as a result the company expects to post an underwriting profit of rs 15 crore from health portfoliochola ms is also planning to introduce six more new products into the market this year we are waiting for the approvals from irda the new products would be in the health weather and domestic this is the first time we are getting into weather insurance this would be index based and not for the crops he notedmeanwhile cholamandalam has launched click easy travel insurance on their website wherein customers can now log on and do simple transparent and paperless transactions to purchase leisure business and student travel insurance policies online the company aims to sell 10 per cent of its total travel insurance policies online in 201011the outbound traffic from the country is growing at around 20 per cent and will reach around 13 million in 201011 this includes passengers travelling aboard for tourism business and studies with more customers going online to do their ticketing we see a huge opportunity here noted mr gopalarathnamhe also said that the international air transport association iata is working towards selling all its tickets online globally by 2011 which will a great boon for the insurance industry chola ms is looking at extending this service to other products like health home and personal accident