- Offers instantaneous online travel insurance in 10 minutes
- Travel insurance available for people up to 85 years of age without medical check up
- Covers pre existing diseases in life threatening situations while traveling and abroad with cashless hospitalization worldwide
ICICI Lombard General Insurance, the second largest company in the health insurance space (as per provisional and un-audited data from IRDA for the period April-December 2008), offers unique and instantaneous online travel insurance options, where in customers can buy, renew and check their travel insurance without paperwork. Additionally, ICICI Lombard is the only travel insurance provider that covers all out patient (OPD) expenses, which is offered by no other insurance company in India. This can be availed for pre existing diseases in life threatening situations while traveling and abroad with cashless hospitalization worldwide
ICICI Lombard offers its customers the opportunity to buy online travel insurance in the comfort of their home or office via the portal. Customers can also avail the extra services needed to manage a policy like change of policy, extension of policy etc., which has been made available online for a better customer care. Customers purchasing flight tickets online can also opt for travel insurance just by clicking at a check box for a seamless experience.
Under ICICI Lombard’s ‘Salt & Pepper’ plan, senior citizens can take advantage of travel insurance cover which is available for people up to 85 years of age without a medical check up. These policies also cover pre-existing diseases under life threatening situations and cashless hospitalization worldwide. ICICI Lombard has also tied up with United Health Care for availing better healthcare facilities in United States.
According to Mr. Kartik Jain, Head Marketing and E-commerce, ICICI Lombard General Insurance, “These online travel insurance policies of ICICI Lombard can be bought anytime and is accessible anywhere in the world. Apart from being able to check and renew their policy online while they are traveling, this facility enables customers to avail of their travel insurance policy quickly and efficiently to ensure them better peace of mind. Its exclusive features also include a pay per day plan where customers have to pay only for the days you use (after a 7 day base rate)”
About ICICI Lombard General Insurance
ICICI Lombard is a 74:26 joint venture between ICICI Bank Limited, India's second largest bank with $79 billion in assets and Fairfax Financial Holdings Limited, a Canada based $26 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.
ICICI Lombard is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs 3345 million for the year ended March 31, 2008.
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ICICI Lombard General Insurance has been conferred the Customer and Brand Loyalty award in the “Insurance Sector - Non-Life” at the 2nd Loyalty awards, 2009. It was awarded the ‘General Insurance Company of the Year’ at the 11th Asia Insurance Industry Awards. The company also won the NDTV Profit Business Leadership Award 2007 and was adjudged as the most Customer Responsive Company in the Insurance category at the Economic Times Avaya GlobalConnect Customer Responsiveness Award 2006. It has the Gold Shield for "Excellence in Financial Reporting" by the ICAI (Institute of Chartered Accountants of India) for the year ended March 31, 2006.
The company has been assigned a domestic rating of iAAA by ICRA (an associate of Moody’s Investors Service) for highest claim paying ability and a fundamentally strong position.
The company presently has 5700 employees in 350 branches. In the financial year ended March 31, 2008, the company issued over 3.5 million policies across India and serviced over 8.1 lakh claims. The company has a claim disposal ratio of 96% (percentage of claims settled against claims reported) as on March 31, 2008.