ICICI Lombard

ICICI Lombard General Insurance Company is a joint venture between ICICI Bank and a Canadian company called Fairfax Financial Holdings Limited. ICICI Bank holds 74% equity in this joint venture while the remainder 26% is held by Fairfax Financial Holdings Limited.

ICICI Lombard is the largest private sector company in general insurance space. It is also considered to be the most aggressive and has stayed ahead of its competitors by launching innovative products and using the latest technologies to reach out to its insurance customers. Almost all its retail insurance policies like car insurance, health insurance and travel insurance can be conveniently purchased online. ICICI Lombard has more than 350 branches across the country.

Company Promoters

ICICI Bank – It is the second largest bank in India and has reached the position in a short span of time. The bank has more than 200 branches and 5000 ATMs across India. ICICI Bank is the largest private sector bank and is one of the major credit card issuer in India. ICICI Bank has operations in 18 countries and continues to be a dominant player in the banking sector in India. Fairfax Financial Holdings Limited – The company is based out of Toronto, Canada and has interests in both life and general insurance business. The company is also into the reinsurance business. Majority of its businesses are conducted by its subsidiaries, 2 major ones being Odyssey Re and Zenith Insurance.