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ICICI Lombard is a 74:26 joint venture between ICICI Bank Limited and Fairfax Financial Holdings Limited and offers a range of insurance services in India.
ICICI is one of India’s leading private banks. It is a multinational bank and financial services company with a strong corporate and retail presence. It was founded in 1994 and is headquartered in Mumbai. ICICI has over 4000 branches and is present in 17 countries including subsidiaries in the United Kingdom and Canada.
Fairfax is a Canadian financial services company that is engaged in general insurance, reinsurance, insurance claims management and investment management.
ICICI Lombard is one of the leading insurance companies in India and has issued over 13 million policies and settled more than 3 million claims since it began operations in India in 2001.
What are the products offered by ICICI Lombard?
ICICI Lombard offers a range of insurance products including:
1. Health insurance – including Group Health insurance and Personal Accident insurance.
2. Travel insurance – for domestic travel, international travel, student overseas travel, corporate overseas travel, senior citizen travel and Pravasi Bhartiya Bima Yojana.
3. Home Insurance.
4. Motor insurance – for two wheelers and four wheelers
5. Rural insurance packages – weather insurance, tractor insurance
6. Exports related – Export- import transit and export credit insurance
7 .Business Solutions – this covers, among others, insurance against burglary, fire; machinery and electronic equipment insurance. Also part of this product range is inland transit insurance, Shop insurance and Event insurance (including weddings).
8.Customised business products including Office Package Policy, Educational Institution Package Policy and Hotel Corporate cover
ICICI Bank offers life insurance products through the joint venture company, ICICI Pru Life. It is a partnership between ICICI and the British financial services company Prudential PLC.
Where can I find the closest ICICI Lombard branch?
You can find a list of the branches on the company website. You could contact the company through the toll free number that is also listed on the website.
You could also apply for insurance online like, for example, overseas medical insurance and complete the entire process online.
You can also avail of the 24 hour helpline in case of any queries regarding insurance policies. You could buy or renew a policy, or get a free quote on how much your premium would cost. You could also contact the helpline to get free insurance advice on the various products that the company offers and how to choose the product most suited to your needs and requirements.