Secure Education Abroad With ICICI Lombard’s Student Travel Insurance

MUMBAI, July 25, 2012 /PRNewswire/ --

The fall season has officially begun and students will be keeping a close eye on universities abroad while planning their higher education. For safeguarding students and securing their stay abroad, ICICI Lombard General Insurance Company Ltd. offers Overseas Student Travel Insurance, a comprehensive health plan designed in a manner that understands the needs and requirements these students. This plan is recommended for students who are planning to travel overseas for further education, because the same is also made mandatory by nearly all universities internationally. Students are required to possess legal and compliant medical insurance for their entire course duration.

The prohibitive costs incurred by any kind of medical treatment in most developed countries is a serious concern for the common Indian, due to the high currency exchange rates and the high costs of healthcare overseas. During such times, Overseas Student Travel Insurance provides cover against expenses such as medical and travel for students studying abroad. The plan can be instantly bought online at one-third cost of plans available internationally. An individual can also get cover on non-medical expenses i.e. in times of interrupted studies and a two way compassionate visit cover for parents.

ICICI Lombard's Overseas Student Travel Insurance plan is accepted by 500+ universities. So, a student can opt for a student medical insurance plan, match and compare the university offerings with that of ICICI Lombard's and can then choose the plan most suitable to his or her needs.

Furthermore, to enroll for the Overseas Student Insurance, one can visit ICICI Lombard's website (www.icicilombard.com) to choose the suitable plan and immediately buy or renew the policy online. An individual can also chat with the customer service team or make a call on the toll free helpline, 1800-2666 for further support.

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 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], 91-22-61961457

Secondary Media Contact: Suheil Merchant, [email protected]