Career-corner

ICICI Lombard & Career Opportunities 25 January 2019

[ad_1]

Friends, this is a very popular educational website in Maru-Gujarat.com. We Published daily educational newsNew jobs, CCC, Results, Call Letters, Jobs in Gujarat, Bank jobs in GujaratBank Jobs in IndiaGKGK GujaratCurrent Affairs, Daily Current Affairs, Latest Study Materials Useful Application in our site. Thanks for Visit.

JOIN TELEGRAM ☞ CLICK HERE

ICICI Lombard & Career Opportunities: ICICI Lamobard is a big giant in the Insurance Sector. It has a huge number of insurance agents working with them to provide a policy to masses. So, If you be one of them and get the perks from each insurance policy you sell.  Then the following article will help you to know all about the company and carrier options in company.

ICICI Lombard GIC Ltd is a combined project of ICICI Bank Limited and Fairfax Financial Holdings Limited of Canada. ICICI Bank is the second biggest bank in India. The has combined assets worth more than 91 $. Fairfax Financial Holdings company is estimated worth thirty billion US dollar.

ICICI Lombard & Career Opportunities

The company provides various  financial services as follows:

  • General insurance
  • Insurance claims management
  • Reinsurance
  • Investment management

In recent years the Gross Written Premium (GWP) of ICICI Lombard has shown an incredible growth of Rs  5358/- crores. Till the date, the company has sold 76 lakh plans and settled more than 44 lakh claims. Till March 31, 2012, its claim disposal ratio of the company was  99 percent.

We have listed all the awards achieved by ICICI Lombard

Year Award
2006 By Economic Times Avaya Global Connect Customer Representatives Award 2006) for Most Customer Responsive Company in the Insurance Category
2006 Institute of Chartered Accountants of India awarded Gold Shield for Excellence in Financial Reporting
2006 Awarded by 360 for  Degrees Best Housing Insurance in the Smart Living Awards through
2007 11th Asia Insurance Industry Awards for General Insurance Company of the Year
2007 Leadership Award of 2007 by NDTV Profit Business
2007 16th Asia Brand Congress awarded Brand Leadership Award 2007
2010 For Rashtriya Bima Swasthya Yojana  got Golden Peacock Innovation Award of 2010
2010 Got Best Technology Implementation in the Insurance Sector for NASSCOM-CNBC TV 18 IT User Award 2010
2010  Achieved Most Preferred Brand in General Insurance category  CNBC Awaaz Consumer Award 2010
2010 Got Insurance Sector -Non-Life category in 3rd Loyalty Awards, for   Customer and Brand Loyalty
2010 Awarded by CMO Council at  Master Brands Award 2010
2010 Got Best Marketing Campaign of the Year (2010) by World Brand Congress for the Save Money Motor Insurance Campaign
2010 Achieved The Bizz 2010 Awards  for World Business Leader
2011 Got Award for microfinance by Skoch Financial Inclusion
2011 ASTD Best 2011 Award
2011  Got The Customer and Brand Loyalty Award at  4th Loyalty Summit, 2011
2012 Achieved Corporate Social Responsibility awards at Golden Peacock Award

Management Board of ICICI Lombard

The board of directors at ICICI Lombard consist of following Peronalities.

Name Designation
Chanda Kochhar Chairperson
Chandran Ratnaswami Director
R Athappan Director
MK Sharma Director
Dileep Choksi Director
HN Sinor Director
Zarin Daruwala Director
Bhargav Dasgupta Managing Director and CEO
NS Kannan Director
Alok Kumar Agarwal Executive Director
S Mukherji Director
Neelesh Garg Executive Director

Financial Details of ICICI Lombard

In the following table, we have updated some of the financial high lights of ICICI Lombard for year 2012-13

Domain Figures in INR thousands
Income from gross interest/dividend and rent Rs 872,639/-
Profit on sale or redemption of investments Rs 179,494/-
Interest income on a tax refund Rs 32,381/-
Profit on sale/discard of fixed assets Rs 15,467/-
Provision for doubtful debts Rs279,591/-
Employees remuneration and additional costs Rs 10,098/-
Managerial remuneration Rs 9,206/-
Directors Fees Rs 660/-
Bad debts are written off Rs 735/-
Loss on sale/discard of fixed assets Rs 32,408/-
Balance of profit/(loss) brought forward from last year Rs 176,539/-

Products and Services provided by ICICI Lombard

The products and services of ICICI Lombard are as follows:

Motor Insurance

  • Car Insurance
  • Two Wheeler Insurance

Health Insurance

  • Complete Health Insurance
  • Personal Protect
  • Health Advantage Plus
  •  Care Plus
  • Critical Care

Travel Insurance

  • Single Round Trip
  • Senior Citizen
  • Annual Multi Trip

Student Medical Insurance

  • Overseas Student Travel Insurance

Home Insurance

NRI Services

  • Individual Overseas Travel Insurance
  • Motor Insurance
  • ICICI Lombard Complete Health Insurance
  • Personal Protect
  • Critical Care Insurance
  • Home Insurance

Business Insurance

  • Fire Insurance – Fire and Special Perils Policy, Industrial All Risk, and Consequential Loss Insurance Policy
  • Office Package Policy
  • Marine Insurance – All Risks Insurance Policy
  • Educational Institution Package Policy
  • Industrial Insurance – Boiler and Pressure Plant Insurance Policy, Machinery Loss of Profits Insurance Policy, Electronic Equipment Insurance Policy etc.
  • Hotel Corporate Cover
  • Corporate Insurance – Includes Corporate Cover, Group Mediclaim Insurance Policy, Corporate Overseas Travel, and Group Personal Accident Insurance Policy
  • Group Health Insurance
  • Liability Insurance – Public Liability Insurance (Industrial Risks) Policy, Workers’ Compensation Policy, Public Liability Insurance (Non-Industrial Risks) Policy, Director & Officers Liability Insurance, Product Liability, Professional Indemnity (Doctors & Medical Practitioners), and Public Liability Act Only
  • Group Personal Accident Policy
  • Shop Insurance
  • Workmen’s Compensation Policy
  • Wedding Insurance
  • Petrol Station Package Policy
  • Other Policies – Like Money Insurance Policy, All Risks Insurance Policy, Tea Crop Policy, Credit Insurance, Burglary Insurance Policy etc.
  • Malls and Multiplex Policy

Rural Insurance

  • Health Insurance
  • Weather Insurance
  • Home Insurance
  • Shop Insurance
  • Tractor Insurance

ICICI Lombard News

ICICI Lombard has recently announced a health plan named Complete Health Insurance with the motto of competing with the newer companies in the Indian insurance scenario. The policy assures a base sum insured Rs. 10 lakhs, which is higher than previous. It also offers the following benefits:

  • Outpatient department (OPD) cover
  • Maternity benefit
  • Newborn baby cover
  • Personal accident cover
  • Reimbursement of preventive care costs
  • Reimbursement of wellness expenses

The policies of the organization do not have a maximum age for renewal – most of them are pretty similar to the other new policies available in the Indian insurance market. We have listed some of the add on covers that are available in the program:

  • Critical illness-donor expenses cover
  • Hospital daily cash allowance – convalescence benefit

In the critical illness, donor expenses cover the insured is paid a stipulated total sum for treating a critical ailment. In case of transplant surgery, the organ donor is rewarded as well under this cover. In the second cover, the insured receives a fixed amount for each day of hospitalization. And also get some when he or she is recovering. But these benefits are only available for specified cover pairs only.

Along with this, the policy provides coverage for nursing costs incurred at home till a maximum limit of Rs. 3000/- on a per day basis. It also gives an upper limit of Rs. 20,000/- for the air travel of an immediate family member in the economy class. This service is provided if the insured is in the hospital for more than five days. If the insured select sub-limits,  than they will receive discounts on their premiums. They can also renew the policy every year. The program also provides income tax benefits as per Section 80D but only for years when the premium payment is done.

We hope that our article about ICICI Lombard & Career Opportunities will surely help you.

[ad_2]

About the author

govtjob

Leave a Comment