ICICI Lombard reports 43.6% jump in profit
ICICI Lombard General Insurance Company recently reported a jump of 43.6 per cent in net profit to Rs 293 crore for the second quarter ended September this fiscal. The company's…
ICICI Lombard focussing on forensics to detect fraud
ICICI Lombard is planning to use forensic methods to detect fraud in claims by customers, in the backdrop of rising incidents in this regard and loan defaults. Lokanath Kar, its…
ICICI Lombard in race to aquire Star Health Insurance
ICICI Lombard General Insurance is in the forefront to acquire standalone health insurance company Star Health and Allied Insurance Co, edging past the competing consortium of WestBridge Capital and stock…
ICICI Lombard records 5.5% increase in the net profit
The third quarter net profit of ICICI Lombard General Insurance was recorded at a 5.5% increase at Rs. 232 crore (Rs. 220 crore in the year-ago period). “Our profit after…
Insurance IPOs in near future
The insurance sector has seen some consolidation and the action is expected to continue going forward, Tapan Singhel, CEO of Bajaj Allianz General Insurance Company, said. ICICI Lombard was the…
ICICI Lombard introduces ‘Photo Quote’ on mobile app
ICICI Lombard has introduced a "Photo Quote" feature on its mobile app "IL Insure". The feature is aimed at enhancing customers' purchase experience. Sanjeev S, Head (Marketing and…
Expired Railway insurance scheme for passengers still on official website
Two years after official confirmation that the Railway Passenger Insurance Scheme has been discontinued, the Indian Railway's official website on Railway Claims Tribunal continues to misinform passengers that they are…
Marriage could be a licence for cheaper car insurance premium
Don’t be surprised if the insurer asks for a higher motor insurance premium if your daughter or son drives the car. But there could be a relief on the premium…
Pay a lower car insurance premium if you are married
Factors like profession, gender and marital status, among many others, are now being used by insurers to determine the premium. ET shows how you can bring down your auto insurance…
Motor insurance to see new disclosure norms in FY14
If you are an individual caught by traffic police time and again for violating rules and have a record of paying fines, a motor insurance policy might be denied to…