During FY2019, we settled 99.87 % health insurance claims and 93.14% motor insurance claims (own damage) within 30 days of claim filing.*
Well, we don’t wish to blow our own trumpet, but the Indian Insurance Award of ‘Claim Leader – General Insurance’ only validates why we remain your smartest choice.
ICRA (an Associate of Moody’s Investors Service) has assigned iAAA rating indicating highest claims paying ability to ICICI Lombard General Insurance Company Limited.
The rating indicates a fundamentally strong position. Prospect of meeting policyholder obligations is the best. The rating takes into consideration ICICI Lombard’s strong parentage, the high growth prospects for the general insurance business in the country, ICICI Lombard’s strong capitalisation level, its prudent underwriting and reinsurance strategy, and its satisfactory underwriting performance.
We settled a total of 1.57 million claims in FY2019, which means that on an average, every minute we honour about 3