Tuesday, June 2, 2009

ICICI Lombard offers maternity cover under HAP

ICICI Lombard General Insurance, the second largest company in the health in surance space (as per provisional and un-audited data from IRDA for the period April-December 2008), offers special in surance cover, where in women can avail maternity expenses under the OPD expenses benefit in the Health Advantage Plus plan. This policy offers reimbursement of cost of medic in es, drugs, ambulance charges and hospital stay.
ICICI Lombard’s Health Advantage Plus covers OPD expenses from the first day of the policy book in g. Policy holders can also enjoy maximum benefit under Section 80D as per applicable tax laws. ICICI Lombard’s Health Advantage Plus also offers cover specified treatments such as cataract; lithotripsy, coronary angiography, chemotherapy, eye surgery, and dilatation & curettage are covered even if hospitalization is less than 24 hours
Accord in g to Mr. Sanjay Datta –Head of Health Insurance, ICICI Lombard General Insurance, “In recent times, there has been a rise in the number of Caesarian section births. Increas in gly we see more complicated deliveries, a series of pre-natal tests and medication which have resulted in higher childbirth expenses. Health in surance with OPD cover is thus most beneficial for women dur in g pregnancy and childbirth. ICICI Lombard provides maternity cover as part of the Health Advantage Plus policy.“
The policy can now also be purchased online on www.icicilombard.com with multiple payment options in clud in g Credit Cards, Internet Bank in g and Cheque / DD. ICICI Lombard has launched a unique 24x7 'Dial-A-Policy' facility to buy in surance in stantly over the phone with no paperwork. The customer can call (toll free) 1800 209 8888. The OPD cover may vary from Rs. 2,000 to Rs. 10,000 depend in g on the plan opted and the policy holder age profile.
About ICICI Lombard General Insurance

ICICI Lombard is a 74:26 jo in t venture between ICICI Bank Limited, India 's second largest bank with $79 billion in assets and Fairfax F in ancial Hold in gs Limited, a Canada based $26 billion diversified f in ancial services company engaged in general in surance, re in surance, in surance claims management and in vestment management.

ICICI Lombard is the largest private sector general in surance company in India with a Gross Written Premium (GWP) of Rs 3345 million for the year ended March 31, 2009 .

ICICI Lombard General Insurance has been conferred the Customer and Brand Loyalty award in the “Insurance Sector - Non-Life” at the 2nd Loyalty awards, 2009. It was awarded the ‘General Insurance Company of the Year’ at the 11th Asia Insurance Industry Awards. The company also won the NDTV Profit Bus in ess Leadership Award 2007 and was adjudged as the most Customer Responsive Company in the Insurance category at the Economic Times Avaya Global Connect Customer Responsiveness Award 2006. It has the Gold Shield for "Excellence in F in ancial Report in g" by the ICAI (Institute of Chartered Accountants of India) for the year ended March 31, 2006 .

The company has been assigned a domestic rat in g of iAAA by ICRA (an associate of Moody’s Investors Service) for highest claim pay in g ability and a fundamentally strong position.

The company presently has 5697 employees in 395 branches. In the f in ancial year ended March 31, 2009 , the company issued over 4 million policies across India and serviced over 33 lakh claims. The company has a claim disposal ratio of 97% (percentage of claims settled aga in st claims reported) as on March 31, 2009 .