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| Avail cover for Contents of your home with ICICI Lombard’s Home Insurance Policy |
| Announcement / Banking Feb 18, 2010, 20:03 IST |
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ICICI Lombard General Insurance Company Ltd., the country’s largest private sector General Insurance Company offers customers the advantage of covering all contents of their home under their home insurance policy. Customers can avail insurance cover for the contents of their house against loss due to natural perils like fire, flood, storm etc. as well as man made perils like burglary, attempted burglary or theft. It also covers loss of jewellery, silver articles and precious stones kept under lock.
The policy also offers the option of terrorism cover for any damages and losses to the structure as well as the contents of the home due to acts of terrorism. Additionally, if a person is forced to shift into an alternative accommodation because the home is destroyed or damaged by any insured peril, the policy will cover the additional rent to be paid for such accomodation.
According to Mr. Neelesh Garg, Director – Retail, ICICI Lombard General Insurance Company Ltd., “At ICICI Lombard, we encourage our customers to carefully read the policy document and select a plan that is extensive in nature and covers majority of reasons for loss/damage of property. Also, the correct sum insured should be chosen for the construction cost of the building as well as the value of contents therein.”
About ICICI Lombard General Insurance Company Ltd.
ICICI Lombard GIC Ltd. is a 74:26 joint venture between ICICI Bank Limited, India’s second largest bank with USD 75 billion in assets and Fairfax Financial Holdings Limited, a Canada based USD 27 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.
ICICI Lombard GIC Ltd. is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs. 37,492 million for the year ended March 31, 2009. As on December 31, 2009, the company has 4,707 employees and 360 branches. In the financial year ended March 31, 2009, the company issued over 4 million policies and serviced over 33 lakh claims. The company has a claim disposal ratio of 97% (percentage of claims) settled against claims reported) as on March 31, 2009
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, for the fourth consecutive year. ICICI Lombard Auto Insurance has been rated highest in customer satisfaction by J.D. Power Asia Pacific in India among 11 auto insurance providers. The company has been conferred the Golden Peacock- Eco Innovation Award of 2009 for weather insurance and the Customer and Brand Loyalty award in the “Insurance Sector - Non-Life” at the 3rd Loyalty awards, 2010. 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.
ICICI Lombard allows instant policy issuance and renewal through its website www.icicilombard.com for all retail insurance products including Car Insurance, Health Insurance, Travel Insurance, Two Wheeler Insurance and Home Insurance. There are multiple payment options available including internet banking, credit card, debit card and cash card.
For more details about the company, log on to the website www.icicilombard.com
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