ICICI Lombard Health Insurance Guide - narrowing the insurance gap

Online, June 23, 2010 (Newswire.com) - Mumbai - June 14, 2010: ICICI Lombard General Insurance Company Ltd. (ICICI Lombard), India's largest private sector General Insurance Company launched an interactive tool last month - Health Insurance Guide. The tool is programmed to
• Calculate your health insurance requirements based on your lifestyle, family size, monthly expenses and loan liabilities
• Ensure you have the right combination of health insurance products
• Recommend the ideal amount of coverage for your policies
With the inflation in medical care rising every year, the need to protect yourself and your family's health with medical insurance has gained prominence.

The shift from chronic to lifestyle diseases in the country has led to increased spending on healthcare delivery. Health Insurance gives you the power to transfer the onus of having the insurance company to pay your medical bills, rather than having to spend from your own pocket. Health insurance allows consumers to become more engaged in making informed decisions about their health and the savings associated with those decisions.

However, while Health Insurance only takes care of your hospitalisation expenses, there is a gap left by your monthly expenses and loan liabilities if any. ICICI Lombard Health Insurance Guide helps you narrow the insurance gap by offering a mix of other insurance products that cater specifically to such circumstances.

The Health Insurance Guide breaks down the results into three categories.
Category 1 shows the ideal insurance coverage you should have.

Category 2 highlights the insurance gap you face, given your current insurance policies.

Category 3 shows what ICICI Lombard has to offer with respect to the recommendations.

The Health Insurance Guide can be accessed from: http://www.icicilombard.com/healthtool/Icici_Introduction.aspx. The tool is very simple to understand and produces instant results. Users can choose to take a print out of the recommendations, or forward it to their email IDs. There is even an option to request a call back from a company representative, in case more information is required.

Health Insurance has helped in increasing accessibility to quality healthcare delivery to both consumers and private healthcare providers, for whom high cost remains a barrier.

About ICICI Lombard General Insurance Company Ltd.

ICICI Lombard GIC Ltd. is a 74:26 joint venture between ICICI Bank Limited, India's second largest bank with USD 75 billion in assets and Fairfax 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 Lombard GIC Ltd. is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs. 37,492 million for the year ended March 31, 2009. As on February 28, 2010, the company has 4,640 employees and 359 branches. In the financial year ended March 31, 2009, the company issued over 4 million policies and serviced over 33 Lakh claims. The company has a claim disposal ratio of 97% (percentage of claims) settled against claims reported) as on March 31, 2009.

The company has been assigned a domestic rating of 'iAAA' by ICRA (an associate of Moody's Investors Service) for highest claim paying ability and a fundamentally strong position, for the fourth consecutive year. ICICI Lombard Auto Insurance has been rated highest in customer satisfaction by J.D. Power Asia Pacific in India among 11 auto insurance providers. The company has been conferred the Golden Peacock- Eco Innovation Award of 2009 for weather insurance and the Customer and Brand Loyalty award in the "Insurance Sector - Non-Life" at the 3rd Loyalty awards, 2010. It was awarded 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 GlobalConnect 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 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, debit card and cash card.

For any further information, please contact:
Logon to http://www.icicilombard.com or call toll free 18002098888 for all products info/buying process.