ICICI Lombard General Insurance

About the company

ICICI Lombard General Insurance Company Limited is the largest private-sector non-life insurer in India based on Gross Direct Premium Income. The company offers a diverse range of insurance products including motor, health, travel, personal accident, crop, fire, marine, engineering, and liability insurance. These products are distributed through multiple channels such as direct sales, individual agents, bank partners, corporate agents, brokers, and online platforms. The company serves individual, corporate, and government customers. Incorporated in 2000, ICICI Lombard became publicly listed in 2017, making it the first pure-play general insurance company to list on Indian stock exchanges. As of 2023, the company operates through a network of 305 branches and 917 virtual offices, having issued 32.7 million policies and settled over 3.6 million claims. Its Gross Direct Premium income for 2023 was Rs. 210.25 billion, representing a market share of 8.2% among all non-life insurers and 15.9% among private-sector non-life insurers in India.