ICICI Lombard's "Complete Health Insurance" Awarded "Product of the Year"
MUMBAI, April 12, 2013
MUMBAI, April 12, 2013 /PRNewswire/ --
- Award Recognises the Innovative Features in the Newly Launched Product
'Complete Health Insurance'
- Based on Survey of 18,000 Individuals Across 23 Indian Cities, the Largest
of its kind Research in India
ICICI Lombard General Insurance Company Ltd., the country's largest private
sector general insurance company, has been awarded "Product of the Year" for
its recently launched product "Complete Health Insurance" (CHI). The award was
announced at a ceremony held in Mumbai and was presided by Mr. Nandan
Nilekani, Chairman, Unique Identification Authority of India (UIDAI).
"Product of the Year" is a global consumer recognition initiative that
champions and rewards the best innovations in consumer products. It is based
on an independent consumer survey conducted every year across 32 countries for
the last 25 years to recognise the most innovative products. In India,
"Product of the Year" winners are chosen based on a face-to-face research done
with 18,000 respondents across 23 cities. The independent survey conducted by
leading research firm, Nielsen, is the largest of its kind in the country.
Commenting on the occasion, Mr. Sanjay Datta, Chief - Underwriting
& Claims, ICICI Lombard GIC Ltd. said, "We are delighted to have
received this prestigious award. It is a true acknowledgement of our customer
centric approach which has enabled us to introduce products that truly meet
customer expectations. ' Complete Health Insurance ' as a product offers
several innovative features including flexible sum insured (upto Rs. 50 lakh),
lifetime entry/renewability, OPD coverage, maternity benefits etc."
'Product of the Year' is an internationally recognised standard for new
product launches that takes into account first hand consumer feedback to
decide on the best available products in a category. The recognition is
conferred on a product for a period of one year starting April.
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 overUSD91billion 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 lakhclaims 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, Health Insurance , Travel Insurance, Two Wheeler Insurance and Home
Insurance. There are multiple payment options available including internet
banking, credit card and debit card.
For more details about the company, log on to the website www.icicilombard.com
Primary Media Contact: Girish J Kalra, firstname.lastname@example.org ,
Secondary Media Contact: Sulaksha Mukherjee,
email@example.com , 91-22-61961452
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