ICICI Lombard General Insurance Company Limited is a 74:26 joint venture between ICICI Bank Limited and the Canada based $ 26 billion Fairfax Financial Holdings Limited. ICICI Bank is India's second largest bank, while Fairfax Financial Holdings is a diversified financial corporate engaged in general insurance, reinsurance, insurance claims management and investment management. Lombard Canada Ltd, a group company of Fairfax Financial Holdings Limited, is one of Canada's oldest property and casualty insurers. ICICI Lombard General Insurance Company received regulatory approvals to commence general insurance business in August 2001.
Why ICICI Lombard
· India 's number one private general insurance company
· First general insurance company in India to be ISO 9001:2000 certified
· Assigned the iAAA rating by ICRA indicating highest claims paying ability
· Simple and fast documentation
· Lightning fast claims settlement
· Instant online policy issuance
· Comprehensive product line
· Highest security level offered through 128-bit encryption in case of online data exchange
· First company to provide digitally signed documents through an online interface
· Achieved financial breakeven in first full year of operations
· Achieved underwriting breakeven in second year of operations
· Adjudged as the 'General Insurance Company of the Year' at the 11th Asia Insurance Industry Awards 2007
· Awarded the NDTV Profit Business Leadership Awards 2007 in the General Insurance category on July 27, 2007
· Adjudged as the most Customer Responsive Company in the Insurance category at the Economic Times Avaya GlobalConnect Customer Responsiveness Award 2006
· Awarded the Best Housing Insurance in the Smart Living Awards by 360 degrees, a Times of India Group subsidiary, in Nov 2006
· Awarded the Gold Shield for "Excellence in Financial Reporting" by the ICAI (Institute of Chartered Accountants of India) for the year ended March 31, 2006
· Adjudged amongst the top three in the Insurance Website of the Year category at the 9th Asia Insurance Industry Awards function held in Singapore during September, 2005
Wednesday, July 16, 2008
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