ICICI Lombard's New Offering: Health Care Plus

MUMBAI, July 11, 2012 /PRNewswire/ --

ICICI Lombard General Insurance Company Limited, India's largest private sector general insurance company, has introduced Health Care Plus (HCP) - a radical health insurance policy with customer centric features and options for greater flexibility.

Health Care Plus (HCP) is a top-up plan to an existing health policy. It has been designed with an aim to provide comprehensive health coverage to every member of the family. Through this policy every individual is given an option to increase the sum insured on their present health plan. With ICICI Lombard's Health Care Plus Insurance policy, the insured has the option of a flexible sum insured, where they can choose the policy as per requirement and increase the sum insured on their existing health care plan.

Health Care Plus policy would act as an add-on protection tool in times of medical emergency. Hospitalisation expenses, doctor fees and diagnostic tests are some of the options on which cover would be offered. Also, this health insurance policy will offer advantages like no sub limit on room rent and no co-payment.

Customers can buy Health Care Plus Insurance policy online.

About  ICICI  Lombard  General  Insurance  Company  Ltd.

ICICI Lombard GIC Ltd. is a joint venture between ICICI Bank Limited, India's second largest bank with consolidated total assets of over USD 91 billion as on March 31, 2012 and Fairfax Financial Holdings Limited, a Canada based USD 30 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. 5,358 crore for the year ended March 31, 2012. The company issued over 76 lakh policies and settled over 44 lakh claims and has a claim disposal ratio of 99% (percentage of claims settled against claims reported) as on March 31, 2012.

The company has been conferred the "Golden Peacock Award 2012" for Corporate Social Responsibility, "Golden Peacock Innovation Award-2010" for Rashtriya Swasthya Bima Yojana. It also received the "Skoch Financial Inclusion Award-2011" in the micro finance category. The company has been conferred with 'NASSCOM - CNBC TV18 IT User Award 2010' for Best Technology Implementation in the Insurance Sector. It has been awarded CNBC Awaaz Consumer Award 2010 for being the 'most preferred brand' in the General Insurance category. ICICI Lombard Auto Insurance has been rated highest in customer satisfaction by J.D. Power Asia Pacific in India among 11 auto insurance providers. It was awarded Customer and Brand Loyalty award in the 'Insurance Sector - Non-Life' at the 3rd Loyalty awards, 2010 and 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 Global Connect 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

Primary Media Contact: Sulakshna Mukherjee, sulakshna.mukherjee@icicilombard.com, 91-22-61961457

Secondary Media Contact: Suheil Merchant, suheil.merchant@icicilombard.com