ICICI Lombard: Quick 30 Second Solution for Car Insurance

MUMBAI, August 17, 2012 /PRNewswire/ --

ICICI Lombard General Insurance Company Limited, India's largest private sector general insurance company, recognized for its quality services, offers a fresh approach for all vehicle owners who are unable to find a well priced motor insurance policy.

Searching for an appropriate insurance policy can be tiresome for vehicle owners. For any individual, especially for first timers, motor insurance isn't the easiest thing to comprehend. Lack of patience and anonymity to the importance of motor insurance may be the factors that compel car owners to choose a plan that is readily available to him. Such on-the-spot decisions are usually made in haste which may further lead to higher premium payouts with minimal and inappropriate benefits.

ICICI Lombard understands every individual's needs and values his time. To make the search for a better insurance policy easier, it has designed a unique solution which can help all first timers save money on their car/ two wheeler insurance. This solution offered by ICICI Lombard aims at empowering customers to calculate the premium at ease. Through the premium calculation tool, an individual within 30 seconds can get the most suitable motor insurance policy.

To enable the above benefits, an individual needs to visit www.icicilombard.com and fill out the necessary details of their vehicle such as the name of city from where the car is registered, manufacturer's name, model name or no., email-id and their respective mobile number. On filling the necessary details, the motor insurance calculator will suggest the relevant premium amount and a car owner within no time can get easy access to a suitable insurance policy that suits his needs.

With ICICI Lombard Motor Insurance, every car owner is eligible to get a free quote in 30 seconds and save money on his car insurance/two wheeler insurance. The motor insurance policy can fetch an individual a digitally signed policy with the motor insurance plan, policy and premium options and get access to access to 2700+ network garages across the country.

The online ICICI Lombard platform thus abolishes the need of incurring extra charges which a customer pays to an agent for doing a task which is now made available to him 24/7 through ICICI Lombard.

So, avoid getting perplexed with host of motor insurance policies available in the market. Log on to www.icicilombard.com and get a quote on the motor insurance policy that suits exact needs.

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 at 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 the 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, [email protected], 91-99204-04708

Secondary Media Contact: Suheil Merchant, 91-96191-85081