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ICICI Bank to sell stake in general insurance JV

ICICI Bank to sell stake in general insurance JV

Private player ICICI Bank on Monday said it will sell a part of its stake in joint-venture firm ICICI Lombard General Insurance Company Ltd through an Initial Public Offer.

Banks rush to buy cyber security cover as digital payments rise

Banks rush to buy cyber security cover as digital payments rise

At a time when cyber threats are on the rise for banks for increasing cashless transactions and effects of demonetization, insurers see rise in demand for cyber insurance and cyber liability insurance, in particular.

ICICI Lombard in bancassurance tie-up with CSB

The company will able to offer general insurance solutions to the bank's customer base in Kerala, Tamil Nadu, Karnataka and Maharashtra.

ICICI Lombard to increase business via online platform

Leading private sector non-life insurer ICICI Lombard is looking at increasing the share of business coming from online platform to 10 percent by 2020 from less than 5 percent at present.

ICICI Lombard to be restrictive towards weather insurance

In a bid to maintain its bottomline, India's largest private sector non-life insurer ICICI Lombard has decided to cut down its exposures in certain segments, including weather insurance.

ICICI Lombard announces launch of customer self-service kiosks

Private sector non-life insurance company ICICI Lombard announced the launch of 'self-service' kiosks at three of its key branches in Mumbai, Delhi and Bengaluru, here Wednesday.

ICICI Lombard under IRDA scanner for alleged irregularities

The IRDA is carrying out a "focused inspection" with respect to these schemes, said the letter.

CBI probes ICICI Lombard for alleged fraud

CBI Wednesday registered a Preliminary Enquiry (PE) against ICICI Lombard for allegedly colluding with officials of Rajasthan government and Union Agriculture and Textiles ministries and pocketing claims of non-existing farmers and artisans.

ICICI Lombard GI posts Rs 359 cr profit in H1 of FY'14

Private player ICICI Lombard General Insurance has reported nearly 2-fold jump in profit to Rs 359 crore for the first half of the 2013-14 fiscal.

ICICI Lombard Q1 net soars to Rs 203 crore

Private sector general insurer ICICI Lombard General Insurance Thursday said its net profit more than doubled to Rs 203 crore in the first quarter of current financial year.

ICICI Lombard hopes to grow over industry average in FY14

Private sector general insurer ICICI Lombard is hopeful of clocking a premium growth of 2-3 percent higher than the industry average in the current financial year, a top company official has said.

New products, ind data needed to drive motor biz: ICICI Lombard

"We need more innovative products and distribution channels as traditional channels have failed to spread the insurance net beyond a point," Amitabh Jain, motor underwriting head at ICICI Lombard General Insurance, told reporters here.

ICICI Lombard launches mobile app 'Insure'

"We have launched this mobile application 'Insure', which will help customers to intimate a claim through their mobile. For example, a customer can send the photographs of the damaged vehicle in case of an accident to the company through this application," ICICI Lombard General Insurance operations & technology head N Eswarnatarajan said.

ICICI Lombard to pay Rs 5.13L towards repair of damaged truck

ICICI Lombard General Insurance Co Ltd has been directed by a consumer forum here to pay Rs 5.13 lakh to a policy holder for rejecting his claim against repair charges for his truck damaged in an accident.

ICICI Lombard rolls out overseas travel insurance plan

Private sector general insurer ICICI Lombard Thursday launched 'International Travel Insurance Plan' which provides overseas medical insurance.

ICICI Lombard aims for Rs 6,000 cr premium income this fiscal

Leading private sector general insurance company ICICI Lombard is targeting a growth of 11 percent in premium income at Rs 6,000 crore this financial year, an official of the company said.

ICICI Lombard introduces Complete Health Insurance product

ICICI Lombard General Insurance has launched a flexible health insurance product with no restriction on maximum entry age.

ICICI Lombard ordered to pay Rs 50000 compensation

ICICI Lombard General Insurance Company has been directed by a Delhi consumer forum to pay Rs 50,000 as compensation to one of its policy holders for harassing him by not providing cashless medical facility.