ICICI Lombard General Insurance Company Limited
ICICI Lombard is a general insurance company in India. The company was founded in 2001 and headquarted in Mumbai, India. It is engaged in general insurance, reinsurance, insurance claims management and investment management. The company has a Gross Written Premium (GWP) of Rs 147.89 billion (FY 2019). The firm offers policy insurance and renewal through its intermediaries and website. It markets assurance products including Car Insurance, Health Insurance, International Travel Insurance, Overseas Student Travel Insurance, Two Wheeler Insurance, Home Insurance and Weather insurance. ICICI Lombard has 265 branches and 910 virtual offices spread across the nation. Recently, it has entered into a strategic tie up with The Karur Vysya bank Ltd for bankassurance products.
ICICI Lombard Products and Services includes-
➡️ ICICI Lombard Two Wheeler Insurance
Two Wheeler Insurance
➡️ ICICI Lombard Motor Insurance
ICICI Lombard- Motor Floater
➡️ ICICI Lombard Health Insurance
ICICI Lomard- Complete Health Insurance
➡️ ICICI Lombard Travel insurance
➡️ ICICI Lombard Home Insurance
➡️ ICICI Lombard Specialty Lines Insurance
➡️ ICICI Lombard Property Insurance
➡️ ICICI Lombard Marine Insurance
➡️ ICICI Lombard Liability Insurance
➡️ ICICI Lombard Crop/weather Insurance
The company is fourth largest non-life insurance company and the largest private player in the industry. Including motor, travel, health, fire, property & casualty, marine, engineering, aviation and liability through extensive distribution network of 265 branches and 910 virtual offices.
During FY19, ICICI General Insurance issued 26.5 million policies, up 12.8 percent from FY18. Gross direct premium income (GDPI) increased 17.2 percent YoY to Rs 144.88 billion while profit after tax grew 21.8 percent YoY to Rs 10.49 billion.
ICICI Lombard, recently partnered with EduPeer, an organisation engaged in advising students about higher education, to organise a nationwide school-level essay writing contest ‘Pen to Paper’. It was aimed to encourage students between classes nine and 12 to explore the world of writing and literature.
Ambit Capital has a buy rating on ICICI Lombard General Insurance Company with a target price of Rs 1,607. Shares of ICICI Lombard ended up 1.4 per cent at Rs 840.55 on Tuesday while the BSE Sensex closed 692.79 points up (+2.67 per cent) at 26,674.03. ICICI Lombard General Insurance Company Ltd., incorporated in 2000, has a market cap of Rs 38198.69 crore.
ICICI Lombard General Insurance has used artificial intelligence to provide instant health insurance claim approval. Reportedly, the system can scan the documents sent by the hospital and match them with the medical coverage.
India’s general insurance market has just begun to stir, reason enough for investors to give a resounding welcome to ICICI Lombard General Insurance Co.’s initial public offering (IPO).
ICICI provide general insurance solutions to secure people against unexpected and untoward events. With ICICI Lombard, people can avail protection solutions for business, personal and project liabilities across rural as well as urban areas in India.
ICICI Lombard- Nibhaye Vade
ICICI Lombard- Technology with a Human Touch
ICICI LOMARD- Pay how you use
Complete Health Insurance OPD Cover
No Zonal Co-Pay ICICI Lombard Health Insurance
ICICI Lombard- Nibhaye Vade
Pay as you use
ICICI Lombard- IL take care App
Self Inspection with Al feature- ICICI Lombard
ICICI Lombard Insurance