why icici lombard

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Why ICICI Lombard?ICICI Lombard GIC Ltd. is a joint venture between ICICI Bank Limited, India's second largest bank with consolidated total assets of over USD 91 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 and settled over 44 lakh claims 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. The company also won the NDTV Profit Business 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 Financial Reporting' by the ICAI (Institute of Chartered Accountants of India) for the year ended March 31, 2006.

ICICI Lombard allows instant policy issuance and renewal through its websitewww.icicilombard.comfor 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, debit card and cash card.

PromotersIntroduction

ICICI Lombard is a 74:26 joint venture betweenICICI Bank Limited, Indias second largest bank with USD 75 billion in assets andFairfax Financial Holdings Limited, a Canada based USD 27 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.

ICICI BankICICI Bank is India's second-largest bank. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. The Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre and representative offices in United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. Our UK subsidiary has established branches in Belgium and Germany.

ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).

Fairfax

Lombard Canada Ltd, a group company of Fairfax Financial Holdings Limited, is one of Canada's oldest property and casualty insurers. It is a leading insurance management company responsible for providing insurance management services for all of the Lombard group's commercial, personal, and specialized insurance companies. Lombard Canada Ltd. has its head office in Toronto, Canada and has annual sales in excess of $977 million and is a wholly owned subsidiary of Fairfax Financial Holdings Limited (FFH on Toronto Stock Exchange). It has received an A- rating from A.M. Best Company and claims paying ability received an A+ rating from Duff & Phelps Credit Rating Co.

Product RangeBusiness Solutions

Burglary InsuranceIndustrial All RiskAll Risk InsuranceConsequential Loss(Fire) InsuranceElectronic Equipment InsuranceFidelity InsuranceFire and Special PerilsTea Corp InsuranceMarine export importMachineryBoiler InsuranceInland Transit Insurance

Project SolutionsContractors All RiskContractors Plant & MachineryErection All RiskPerformance Guarantee

Liability SolutionsDirectors & Officers LiabilityEvent InsuranceProduct LiabilityPublic LiabilityWorkmens CompensationProfessional Indemnity

Export SolutionsExport Import TransitExport Credit

Rural SolutionsWeather InsuranceJanata Personal AccidentTractorFarmers Package

Personal SolutionsHealth InsuranceHealthPersonal ProtectGroup Personal AccidentGroup Health

Travel InsuranceDomestic TravelIndividual Overseas TravelStudent Overseas TravelSenior Citizen Overseas TravelCorporate Overseas TravelPravasi Bhartiya Bima Yojana

Motor InsuranceTwo WheelerFour Wheeler

Home Insurance

Choosing the right Car InsuranceWhen it comes to choosing insurance for your health, travel, student, home, etc. you have many options to compare between the various policies available in the market. As each company offers innovative covers, it becomes easier for you to make a decision based on the coverage as well as the premium offered. However, this does not hold true when buying Car Insurance.

Car Insurance in India is governed by the Indian Motor Tariff, so the coverage for your vehicle would be the same no matter which company you would buy it from. Moreover, car insurance is mandatory and needs to be renewed every year. So choose the best car insurance company in India.

Here are a few pointers to help you to make a more informed decision on car insurance.

Check out the premiumEven if the coverage offered would be the same, the premium charged by various companies would still be competitive. Study the cost involved with various companies and choose the one which gives you the best rate. However, don't let car insurance premium be the only deciding factor.

Name / goodwill of the companyTry and buy car insurance from an insurance company which has a good name and reputation. It always helps to go with the number one in the country!

Consider the garage tie-upsAll insurance companies tie up with various garages across the country for cashless settlement of claims. When you get your vehicle serviced at any of these garages, the claims are directly settled by the insurer. Always check the number of cashless garages the company has a tie up with. Also, consider the quality and the location of these garage.

Payment optionsAlways consider what the various payment options available are. For example, the EMI option is very helpful in situations where you do not want to pay in lump-sum.

Buy online, it has many benefitsWhen you buy online, a digitally signed policy is generated. This is a valid legal document. The softcopy of your insurance policy is available online and can be accessed anywhere and at anytime. This saves you the trouble of being extra careful about your hardcopy documents. Also, buying online is very convenient and hardly takes a few minutes.

ICICI Lombard is the number one general insurance company (as rated by auto insurance customers in India) having one of the largest cashless garage network of more than 2,500+ garages.

Make your choice for car insurance based on the parameters listed above to enjoy complete peace of mind.

Company ProfileICICI Lombard General InsuranceICICI Lombard General Insurance Company Ltd is India's leading private sector general insurance company. We are a 74:26 joint venture between ICICI Bank Limited and Lombard Canada Inc. As a part of ICICI Group, we are well known for our innovative products, marketing strategies, technology focus and excellent customer services.For more details about the company, please visit the website at www.icicilombard.com

Desired Candidate ProfileEducation:(UG - Any Graduate - Any Specialization) AND (PG - Any PG Course - Any Specialization) AND ( Doctorate - Any Doctorate - Any Specialization, Doctorate Not Required)We are looking out for young, aggresive and sharp MBAs or Post Graduates(must)with strong sales and marketing background and an experience of1 to4 years into Bancassurance channel. Communication in English should be good.

Job Description Brief job profileis as mentioned: Generating business through assigned banks/channels.

Building Relationships with bank / other channel partners

Maximizing own share of business in banks/channels

Ensuring adherence to defined processes

Motivating sales channels for growth in business generation

Executing sales promotional activities.

Job Description Looking for Sales professionals:Min Experience 1- 7 years of relevant sales experience.

Generating sales through the Retail/ Channel ( Bank/ Agency) route.

Business generation in assigned territory through sales channels such as : bank partners, channels, agency teams, direct teams.

Manage relationships with bank / other channels.

Develop new sourcing streams by adding channels/ products.

Maximize own share of business in channels.

Support business sourcing by coordinating regular training programs.

Recruitment and development of advisors / sales trainees.

Ensure adherence to defined processes.

Motivation of sales channels for growth in business generation.

Evolve, drive and manage sales promotional activities.

Maintain positive business generation and ensuring portfolio profitability in the territories assigned.

Provide constant feedback on company's products and market intelligence.