Sector: General Insurance
Something seems to be wrong with ICICI Lombard
I have a ICICI Lombard Car insurance policy coming up for renewal. and here is my experience – Tried renewing it on ICICI Lombard’s website and it was just not responding. I tried for straight two days. Tried to do it on Coverfox – ICICI Lomard’s quoted premium was 3x of others I didn’t bother … Read more
ICICI Lombard launches BeFit cashless OPD and wellness solution to users
ICICI Lombard has launched BeFit,  a service provided through its ILTakeCare app that gives customers benefits of complete OPD services—that is, doctor consultation, pharmacy, diagnostics services, etc.—on a cashless basis. “The solution empowers customers to benefit from a host of wellness services. As good health and immunity gain importance, this comprehensive solution will come in … Read more
IRDAI grants final approval to ICICI Lombard – Bharti AXA general insurance merger deal
The two companies had announced the proposed merger on August 21, 2021. The in principle approval for the merger came from Insurance Regulatory and Development Authority of India (IRDAI) in November 2020 and now on September 3, 2021, Lombard informed about the receipt of the final approval from the regulator. Key points to note – … Read more
ICICI Bank gets IRDAI approval to reduce stake in ICICI Lombard
As at June 30, 2021, ICICI Bank held 51.87% of the equity stake in ICICI Lombard – the general insurance business. On September 3, 2021, ICICI Lombard informed the exchanges about receipt of approval from Insurance Regulatory and Development Authority of India (IRDAI) for ICICI Bank to reduce the stake in Lombard to 30%. The … Read more
Billionaire investors Mark Cuban and Chamath Palihapitiya are challenging Warren Buffett in car insurance
Mark Cuban and Chamath Palihapitiya are challenging Warren Buffett in the car-insurance market. The “Shark Tank” star and Social Capital chief are part of a group investing $160 million into Metromile, which offers pay-per-mile insurance and personalized pricing to drivers. Buffett’s Berkshire Hathaway owns Geico, one of the biggest US auto insurers and a key … Read more