ICICI Lombard Launches 'International Travel Insurance'

           ICICI Lombard Launches 'International Travel Insurance'

  PR Newswire

  MUMBAI, November 27, 2012

MUMBAI, November 27, 2012 /PRNewswire/ --

A Comprehensive Travel Insurance Product

  *The only international travel insurance policy providing coverage up to 85
    years of age without any medical check-up
  *Pre-existing diseases covered under medical emergencies
  *First Insurer to offer assistance services for dependents in India:
    medical concierge services, automotive assistance services, lifestyle
    services

ICICI Lombard General Insurance Company Ltd., the country's largest private
sector general insurance company, has launched a new travel insurance product
"International Travel Insurance". Keeping in mind the unique needs of
customers, the policy provides overseas medical insurance along with coverage
for all trip related risks. A one-stop-solution, it caters to the needs of not
only international travellers but also the insured's family back home.

ICICI Lombard's new " International Travel Insurance " policy provides
coverage on a host of listed medical and non-medical expenses that the policy
holder may incur while travelling abroad. The company's tie-up with the
leading US based healthcare provider, United Health Care (UHC) helps take care
of the insured's bill settlement directly while enabling the insured to avail
cashless hospitalisation across a wide network of hospitals.

ICICI Lombard is the first insurer to provide insurance to traveller's up to
85 years of age without any medical check-up. Another unique feature is that
this is the only travel insurance policy which provides value added assistance
services for the insured's dependents in India. These include services
pertaining to medical concierge, automotive assistance and lifestyle related
amongst others offering additional convenience. Catering to the needs of
frequent travellers, the policy also provides option of a multi-trip policy.
One can purchase the policy online at www.icicilombard.com apart from the
traditional offline route.

Speaking at the launch of the new product, Mr. Sanjay Datta, Chief -
Underwriting & Claims, ICICI Lombard GIC Ltd . said, "International travel
insurance has gained prominence in India given the increasing trend of travel
abroad for business as well as leisure. Today, travel insurance is not
restricted to trip related coverage but caters to a host of other benefits as
well. In line with our customer centric approach, the new "International
Travel Insurance" product is a comprehensive solution for trip related
coverage along with medical and other value added benefits."

Summary of Product Features:

  *No medical check-up required: The insured is not required to undergo any
    medical check-up up to the age of 85 years
  *Pre-existing diseases: Pre-existing diseases are covered in emergency and
    life-threatening situations
  *Value added services: The insured's dependents back home enjoy a bundle of
    concierge services like - medical concierge, automotive assistance,
    lifestyle services like gifts or flower delivery assistance, home movers
    assistance, plumbing or electrical assistance etc.
  *Cover for hand baggage (in addition to check-in baggage)
  *Hassle-free stay: In case of trip extension or flight delay, the policy
    will ensure covering expenses for accommodation
  *Others benefits include cover pertaining to Political Risk and
    Catastrophic Evacuation, Emergency Financial Assistance, Compassionate
    Visit, Personal Accident, Personal Liability cover, Home Insurance cover,
    etc.

About ICICI Lombard General Insurance Company Ltd.:

ICICI Lombard GIC Ltd. is a joint venture between ICICI Bank Limited, India's
second largest bank withconsolidated total assetsof overUSD91 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 andsettled
over 44 lakyclaims 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.

ICICI Lombard allows instant policy issuance and renewal through its website
www.icicilombard.com for all retail insurance products including Car Insurance
, Travel Insurance, Two Wheeler Insurance, Home Insurance and Health Insurance
India . 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,
sulakshna.mukherjee@icicilombard.com , 91-22-61961451

Secondary Media Contact: Suheil Merchant, suheil.merchant@icicilombard.com ,
91-22-61961452

Contact: PRN