ICICI Lombard General Insurance Company is basically a collaboration between Fairfax Financial Holdings and ICICI Bank Limited. ICICI bank is one of the largest banking establishments in India. Till 31st March 2015, the entire assets of ICICI financial institution were worth at over $ 103 billion. The headquarters of Fairfax Monetary Holdings Ltd is positioned inside the metropolis of Toronto in Canada. Fairfax Financial Holdings Ltd deals with reinsurance, investment management and insurance claims control and the entire asset of the company is worth $37 billion. The tie-up between Fairfax Financial and ICICI bank happened in 2001. ICICI bank enjoys 74% share of the partnership and the remaining shares are with Fairfax.
Out of the host of coverage plans that ICICI Lombard offers including home insurance, two-wheeler insurance, travel coverage; ICICI Lombard car insurance, ICICI Lombard medical insurance are the most sought-after insurance policies on offer. There are 221 branches of ICICI Lombard which are spread throughout the country.
ICICI Lombard GIC is one of the leading general insurance providers in India’s private sector with an enormous gross written premium of Rs 69.14 billion as on 31st March 2015. The full range of settled claims is more than 3.41millions and the policies issued by ICICI Lombard are over 13.87 million as on March 31st March 2015.
Awards and recognitions
ICICI Lombard has been conferred with the 'E-Business Leader' Award in the General Insurance Category at the 5th annual edition of the Indian Insurance Award 2015 for its overall performance and growth. The company also received the Golden Peacock Innovation Management Award 2015 for innovation across business and promoting a culture of innovation. ICICI Lombard was also named as the "Best Travel Insurance Company" by CNBC Awaaz Travel Awards 2015. Apart from these, there have been numerous award and recognitions that have been conferred on ICICI over the last 4-5 years.
Basically, ICICI Lombard Company caters into almost every aspect of general insurance, whether it is car insurance, travel insurance or health insurance. It has divide policies into several different categories. All policies offer wide coverage and effective benefits that can attract consumers. It also offers commercial policies.
Health Insurance: It is an important health insurance coverage that offers coverage against all medical expenses. It allows a person to get quality treatment at an affordable price. Under the same, the insurer will pay you for maximum expenses that you might incur during a medical emergency.
Motor Insurance: a mandatory and effective cover, it is compulsory in India to have third party liability insurance. It will provide the necessary cover that you might need in case of any accident. The comprehensive cover is the best form motor insurance.
Apart from this the company also has its presence in travel insurance, home insurance and much more.
It is a vital insurance policy and under the same the company is offering wider coverage at minimal cost. It offers several different types of policies that can fall within your budget.
ICICI Lombard comprehensive health insurance makes sure that you and your family is secured against any unwanted health condition. It gets you complete coverage and also gives you a choice to pick out your clinical plan, premium and policy consistent with your price range and requirements.
ICICI Lombard health care plan provides bunch of fitness services and well-being information to preserve your good health and to keep you worry free
It protects you from undesirable expenses that you might face due to a mishap or accident. It offers wider insurance to you.
This insurance policy from ICICI Lombard gives wider coverage against theft, natural disaster and much more. It secures your automobile completely at a lower premium. It offers coverage with regards to the overall loss which you may suffer at some point of time.
Travel insurance is a special facility provided through insurance companies in India to cover you in opposition to the following unforeseen scenario even as travelling overseas
Global travel insurance provides utmost safety towards unseen and non-medical emergencies. Additionally, any traveler under 85 years of age doesn't need to undergo the medical checkup to purchase this plan. It provides wider coverage when you are travelling abroad.
Global travel coverage is a comprehensive coverage that covers emergencies that would support you while you travel abroad. Together with advantages like checked-In luggage loss/delay, you will get the benefit of international Cashless hospitalization.
The Gold Multi experience Plan is specifically designed for a frequent worldwide traveler. The coverage is legitimate for 1 year and an insured can pick between 3 options of 30, 45 and 60 days as length of coverage per journey.
Senior Citizen plan is a comprehensive coverage for senior residents that cover sudden medical and treatment costs when touring overseas, including hijack distress allowance.
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