Industry Overview:

The general insurance industry in India continued to grow in double digits in FY2014 though the pace was slower
compared to previous years. The industry recorded a Gross Written Premium (GWP) of` 728.50 billion in
FY2014 compared to` 646.96 billion in the previous fiscal, thereby registering growth of 12.6%. Health and
Motor insurance segments remained the primary

ICICI Lombard GIC Ltd

Company brief:
Founded in 2001, ICICI Lombard GIC Ltd. is a joint venture between ICICI Bank Limited, India's second largest
bank with total assets of over USD 99 billion at March 31, 2014 and Fairfax Financial Holdings Limited, a
Canada based USD 37 billion diversified financial services company engaged in general insurance, reinsurance,
insurance claims management and investment management. ICICI Lombard GIC Ltd. is one of the largest private
sector general insurance company in India with a Gross Written Premium (GWP) of Rs 71.34 billion for the year
ended March 31, 2014. The company issued over 11.22 million policies and settled over 6.44 million claims as on
March 31, 2014.
ICICI Lombard received the highest rating in terms of overall customer satisfaction as well as 'The Most
Recommended Company' in a 2013 survey to assess Customer satisfaction and Quality of Health insurance in
India, commissioned by Dept. of Consumer Affairs, Ministry of Consumer Affairs. The company has also been
conferred the "ASTD BEST Award 2012" for Learning and Development, "Porter Prize 2012" for creating Shared
Value, "Golden Peacock Award 2012" for Corporate Social Responsibility and "Golden Peacock Innovation
Award-2010" for RashtriyaSwasthyaBimaYojana. It also received the "Product of the Year" award in the General
Insurance category for FY2012-13 and was voted the No 1 Health Insurance Product in a survey of 18,000 people
over 23 cities in India, a study done by Nielsen. The company has been conferred with 'Celent Asia Insurance
Technology Award 2012' under the category Best Mobile Applications.

CEO& MD: BhargavDasgupta, Chief Executive Officer

Chairperson: Ms. Chanda Kochhar
First in the industry to offer International Health Insurance

Types of Insurances ICICI Lombard deals in:

I-Personal Insurance
Health Insurance
Plans:
1. Complete Health insurance
2. Health Care Plus
3. Secure Mind
4. Personal Protect Policy
Overseas Student Medical Insurance
Overseas student medical insurance is designed to cater needs of students travelling abroad for higher studies.
Most of the foreign universities have compulsory requirement of medical insurance for students enrolling for
various programs. Insurance plans offered by schools abroad are typically very expensive. You can purchase a
plan from India, where you can pay the premium in rupees and get all coverages in dollars.
International travel insurance
International Travel insurance plan covers against Medical and Non-medical emergencies while travelling abroad.
Travel insurance plan plays a pivotal role for success of your trip and can make your journey secure and stress
free. The various available plans of ICICI Lombard, covers travelers from the age of 3 Months to 85 Years,
without any medical checkup for policy issuance. The policy covers not only your safety but also provide Value
Added Services for your family members back home. Plans:
1. Single Round Trip
2. Senior Citizen
3. Gold Multitrip for Frequent Travelers Best suited for professional on official trip abroad
Home Insurance
ICICI Lombards Home insurance is designed to secure your home of from threats like burglary, damages caused
by natural and manmade disasters. Home insurance plan provides security of both structures and content against
any unforeseen calamities.
Car Insurance
Car insurance covers loss or damage to the vehicle against natural calamities; fire, explosion, self-ignition or
lightning, earthquake, flood, typhoon, etc. All vehicles are insured at a fixed value called the Insured's Declared
Value (IDV). Claim servicing is available at 3100+ network garages across India. It also provide optional
coverage of road side assistance on anytime, anywhere basis.

Two Wheeler Insurance

Two wheeler insurance covers loss or damage to the vehicle against natural calamities & man-made calamities
with comprehensive coverage. It includes claim servicing at 1330+ network garages across India for motor bikes.
Co-passengers can avail optional personal accident cover.

II-Corporate Insurance
Fire
Fire policy covers the physical assets of insured against Fire set of perils, Earthquake and Terrorism. In Fire
policy set of perils include Fire, Lightning, Explosion/ Implosion, Aircraft Damage, Riot/Stike/Malicious.
Burglary
Burglary policy broadly covers loss or damage by burglary/house breaking theft following actual, forcible and
violent entry of and/ or exit from the premises, including hold up risk and damage caused to premises.
Marine Cargo
Marine Cargo policy covers loss or damage to goods in transit by air, sea, road, rail etc. It can be Single Transit or
Open policy multi-transit. Some of the perils covered are: Fire, sinking/capsizing of vessel, overturning, collision,
loss during loading / unloading, sea water entering ship, earthquake, volcanic eruption, lightning etc depending on
type of cover chosen.
Workmen Compensation
WC policy covers the employer's liability against Accidental Death, Permanent Total Disablement, Permanent
Partial Disablement, and Temporary Total Disablement of its employees during the course of employment.
Group Health Insurance
GHI policy covers Hospitalization expenses, 30 days pre- & 60 days post-hospitalization expenses.
Group Personal Accident
GPA policy covers Accidental Death, Permanent Total Disablement, Permanent Partial Disablement, Temporary
Total Disablement. It is a worldwide cover and Terrorism is also covered.
Contractors All Risk / Erection All Risk
CAR/EAR are project policies, that insure a project primarily against Fire, Earthquake, Flood, Collapse, Theft or
Burglary, right from the point materials have arrived at the project site to completion and handover. CAR policies
are generally given. For Civil projects, while EAR policies are generally given for engineering projects.

Contractors Plant & Machinery

CPM policy designed to cover construction equipment like bulldozers, cranes, excavators, compressors etc. This
broadly covers loss or damage to the contractor's property due to any cause that is accidental and external in
nature. Cover operates when the insured property is at work or at rest or being dismantled for the purpose of
cleaning/ overhauling or during subsequent re-erection.
Public Liability
Public Liability covers legal liability of insured towards damage of third party with respect to accidental death,
bodily injury, loss or damage to property and legal costs of litigation.

Key Figures:

71.34 billion Gross Written Premium (GWP) as on March 31, 2014

273 Pan-India branches as on March 31, 2014
11.22 million Policies issued in FY2014
7,345 Head Count
6.44 million Claims settled in FY2014

The govt. of India approved 49% foreign investment in insurance companies through the FIPB route ensuring
management control in the hands of Indian promoters. The limit was raised to 49% from 26%. The move would
help insurance firms to get much needed capital from overseas partners