Incorporated in 2001, ICICI Lombard General Insurance has achieved several milestones in its journey as one of the leading private sector general insurers in India. In 2010, ICICI Lombard General Insurance have settled 5 million claims, and in 4 years, by 2014, reached the milestone of issuing 10 million policies and making a profit of Rs.5 billion after tax. In 2015, the company had an investment book size more than Rs.100 billion.
ICICI Lombard General Insurance offers comprehensive car insurance and two-wheeler insurance policies:
This is a comprehensive car insurance plan which offers coverage for protection from any sort of financial losses caused to their car and the vehicle of the third-party. The policy also offers financial protection against natural calamities, and has an inclusive personal accident coverage of up to Rs.15 lakh.
The two-wheeler insurance policy offered by ICICI Lombard General Insurance is also a comprehensive insurance policy and ensures that both the involved parties (policyholder and the third-party) are covered following an accident. The plan offers coverage not just for property damage, but also for medical expenses. Coverage is extended from ICICI Lombard to the policyholder provided that the damages caused were not consequential or due to the usual wear and tear of the vehicle.
Listed below are some of the popular health insurance policies offered by ICICI Lombard General Insurance:
The Complete Health Insurance Policy offers coverage if the policyholder or the insured person is hospitalised for more than 24 hours. For every claim-free year, the policyholders get an additional sum assured of 10%. As per their choice, policyholders can choose a sum assured anywhere between Rs.5 lakh to Rs.10 lakh.
This is a super top-up health cover which comes with individual and family floater options. The floater option provides coverage to 2 adults and 3 children. Policyholders can avail coverage for pre-existing diseases after holding the policy for a period of 2 years. Policyholders can choose a 1-year, 2-year or a 3-year policy tenure.
The Personal Protect Policy offered by ICICI Lombard General Insurance offers coverage if the policyholder or insured person is physically disabled following an accident. The policy also offers compensation to the dependents of the policyholder If the accident leads to his/her death. Under this plan, policyholders can choose a sum assured that ranges between Rs.3 lakh to Rs.25 lakh.
Listed below are the travel insurance policies offered by ICICI Lombard General Insurance:
This travel insurance policy offers coverage if the policyholder loses his/her luggage, any personal accident that would require emergency medical attention, loss of passport, and home insurance if the policyholder’s house is damaged or burgled while he/she is travelling.
For policyholders travelling abroad, this policy offers coverage for up to 60 days in a year. The Gold Multi-Trip International Travel Insurance Policy comes with medical insurance in case of an accident and any sort of financial losses that the policyholder could be faced with due to flight or hotel booking cancellations.
The ICICI Lombard Home Insurance policy offers financial protection for house owners as well as customers that are tenants. The policy offers protection against damage that could be caused to the house due to a fire, natural calamity, or man-made disaster excluding war and wear and tear of the house.
ICICI Lombard General Insurance also offers marine insurance, business insurance, crop insurance and Non-Resident Indian Insurance. The focus of the aforementioned insurance policies offered by the insurer is to give the insured person, business or organisation, protection against financial losses that could be faced.
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