|ICICI Lombard General Insurance Company Limited has been setup in 74:26 joint ventures between ICICI Bank Limited and the Canada based $ 26 billion Fairfax Financial Holdings. ICICI Bank is India’s second largest bank while Lombard Canada Ltd, a group company of Fairfax Financial Holdings Limited, is one of Canada's oldest property and casualty insurers dealing in general insurance, reinsurance, insurance claims management and investment management.
ICICI Lombard in India is number one private general insurance company. The company received approval from market regulators in August 2001 to start general insurance business. The company offers instant online policy issuance facility with highest security level offered through 128-bit encryption in case of online data exchange. It is the first insurance company to obtain ISO certification. Company has achieved number of awards. Company deals in health insurance, home insurance, motor insurance, overseas travel insurance, student medical insurance, travel insurance partners.