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ICICI Lombard Launches Multiple Products for Insurance Solutions

Published on November 12, 2022
Current Context: ICICI Lombard General Insurance Company Limited launched multiple new products for insurance solutions across various sectors.
ICICI Lombard Launches Multiple Products for Insurance Solutions
  • A total of 14 products for insurance solutions across health, motor, and corporate segments were launched by ICICI Lombard.
  • The new offerings come under the Insurance Regulatory and Development Authority of India’s (IRDAI’s) recently launched “Use and File” framework.
  • The new offerings include:
  1. Health AdvantEdge (covers pre and post-hospitalization costs)
  2. Golden Shield (focuses on senior citizens and comes with no age cap)
  3. Motor Floater Insurance (single policy, single premium and single renewal date for all motor policies)
  4. Pay-How-You-Use Plan (attractive discount for good driving behaviour)
  5. Voyager Travel Insurance (covers expenses for the self-driven holiday)
  • The company also has the IL TakeCare Insurance App which will allow policyholders to speak to doctors for assistance.
  • ICICI Lombard is a general insurance company that was established in 2001 with its headquarters in Mumbai. The current CEO of the company is Bhargav Dasgupta.

Question:

Q.1 14 new products for insurance solutions across health, motor, and corporate segments were recently launched by?
a. LIC
b. Bharati AXA
c. Max Life
d. ICICI Lombard
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