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 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
**Details taken from respective Company's Website