Mr Rakesh Jain, Director, Corporate Centre, and CFO, ICICI Lombard General Insurance Company, has been conferred with the ‘Best CFO award in the Financial Services sector’ by the Institute of Chartered Accountants (ICAI), according to a company press release. Mr Jain is a Chartered Accountant and a Cost Accountant with experience of over 17 years. [...]

ICICI Lombard General Insurance Company offers customers zero depreciation add on, consumable items add on and unique add on covers for Motor insurance, according to a press release. Customers, through zero depreciation add on, can limit their liability towards depreciation in case of an accident claim which results in partial loss / damage to the [...]

ICICI Lombard General Insurance Company received an “iAAA” rating from ICRA (an associate of Moody’s Investors Service) for the fourth consecutive year, according to a company press release. The rating reaffirms ICICI Lombard’s highest claims paying ability and indicates its fundamentally strong position and prospects of meeting policyholders’ obligations in the General insurance space. The [...]

A Health insurance scheme by the Development Commissioner of Handlooms, Ministry of Textiles, and implemented by ICICI Lombard General Insurance Company is now in its fifth year, according to a company press release. The total number of families insured under the scheme is over 44 lakh since inception. Last year 18.78 lakh weaver families enrolled [...]

The number of individuals insured under the Rajiv Gandhi Shilpi Swasthya Bima Yojana (RGSSBY) ­ a ‘cashless’ Health insurance initiative for artisans in India – crossed 19 lakh as on September 30, 2009, according to press release. Artisans spread over 29 states and 608 districts benefit from this Health insurance scheme. Artisans, both men and [...]

Customers of ICICI Lombard General Insurance Company will now be able to renew their Health insurance policies online, according to a press release. Policyholders no longer need to wait for policy certificate delivery or locating a nearby branch or agent; all they need to do is log on to www.icicilombard.com and click on the ‘Renew [...]

A group of four private sector General insurance companies, led by Reliance General Insurance Company including HDFC Ergo General Insurance Company, Bajaj Allianz General Insurance Company and IFFCO-Tokio General Insurance Company has won a one year contract to insure 134 of Air India’s aircraft for Rs 122 crore, according to media reports. The public sector [...]

Bancassurance is the system of a bank functioning as the corporate agent of an insurance company and selling its policies. At present in India, banks can represent only one Life insurance and one General insurance company. The insurance industry as well as banks (through their industry association, Indian Banks Association) have been representing that banks [...]

Seminar for Journalists ICICI Lombard General Insurance Company organised a seminar for journalists in Chennai recently. This was an initiative to spread awareness about insurance and strengthen bonds with the press. Many journalists from Chennai based publications participated and cleared their doubts. Ms Manjiri Gokhale, National Manager – Marketing, said that this seminar was not [...]

Job loss? Insurance pays your EMI! Private insurance companies are now offering insurance policies that have an additional cover of payment of EMIs (Easy Monthly Installment) of loans, in case the person who has availed the loan loses his job, it is reported. While ICICI Lombard General Insurance Company Lombard offers this cover along with [...]