ICICI Lombard General Insurance Company Limited

ICICI Lombard GIC Ltd is the largest private sector general insurance firm in India. In the year 2020, August Bharti AXA General Insurance merged with ICICI Lombard, the result of this merger was much bigger than the thought of both companies. The merger will result in combined annual premiums worth ₹16,447 crores (US$2.2 billion), the amount is quite big, and talking about the merger then it's become a good deal with this huge amount. The company has a Gross Written Premium (GWP) of ₹143.20 billion in FY 2021.  

ICICI Lombard was awarded the ‘E-Business Leader’ Award at the 5th annual edition of the Indian Insurance Award 2015. The General Insurance Company received the Golden Peacock Innovation Management Award 2015. ICICI Lombard was also awarded for the ‘Best Travel Insurance Company’ by CNBC Awaaz Travel Awards 2015.

Founded in the year 2001, till the year 2020 company has 273 branches and 840 virtual offices across India, which shows the demand and the service of the company they provided all these years in India. The latest Incurred Claims Ratio (ICR) of ICICI Lombard general insurance company for FY 2019-20 is 73%.