What is ICICI Lombard Health Insurance

ICICI Lombard Complete Health Insurance

What is ICICI Lombard Health Insurance

ICICI Lombard General Insurance Company is one of the leading private sector general insurance companies in India. It is a joint venture of ICICI Bank and Standard Insurance Company of India. It was founded in 1992 and is headquartered in Mumbai, Maharashtra.


We provide a range of products such as motor insurance, travel insurance, and health insurance to name a few. For more information on our offerings, please visit icicilombardinsurance.com/products

ICICI Lombard Lifespirit Health Insurance offers health insurance cover for events such as heart attack, stroke, and cancer. It is available only to ICICI Lombard General Insurance customers and not to the general public.

ICICI Lombard Life Insurance has been serving as a life insurance company in India since 2003 and was founded in 1993 by ICICI Bank & Standard Life Insurance Company of India (SLIC) with Standard Life as its single policyholder.

ICICI Lombard Life Insurance is a joint venture of ICICI Bank, Standard Life Insurance Company of India (SLIC), the Government of India, and ICICI Lombard General Insurance Company.

A few popular products offered by ICICI Lombard are automobile insurance, personal accident insurance, career and income protection insurance, home assurance policy & life assurance policy. 

What is ICICI Lombard Health Insurance

There are a host of other products shown on the website but not available yet in the market and will be launched soon. They are health insurance, travel insurance, health services policy, and wellness product. 

ICICI Lombard is a premier player in the private insurance market of India. It is trying to hold its own amidst competition from other private players and the public sector General Insurance Corporation (GIC). In this competitive scenario, ICICI Lombard believes that their customer can only be successful if each individual customer is successful. This approach is being followed by ICICI Lombard to help its customers achieve their dreams and goals.

Lombard General Insurance Company was founded in 1992 by ICICI Bank and SLIC with Standard Life as the single holder of all policy outstanding. The original entity was named Lombard General Insurance Company (LGR). In 2008, ICICI Bank sold an 80% equity share of the company to Standard Life. In 2009, the equity share was sold completely. Currently, ICICI Lombard holds a 100% stake in LGR as a single policyholder with Standard Life as a minority shareholder.


LGR was rebranded to ICICI Lombard in 2010.

In October 2017, ICICI Lombard launched India’s 1st health insurance belt for Motorcycle Riders – ‘Lombard Lifespirit Health Insurance Motorcycle Rider Belt’. This was a 1st of its kind product in India. The main idea behind the product is to enable motorcyclists to claim their health insurance on the go without having to come to a center. This is going to be a big disruptor in the motor insurance industry in India. The product will be launched on a pilot basis for 3 states (Telangana, Maharashtra, Andhra Pradesh) in the first phase. The target is to cover 100K+ Riders spread across 30Pilots during this initial phase of launch. It will then expand to other major cities such as Bangalore, Pune, and Hyderabad.

What is ICICI Lombard Health Insurance

Lombard General Insurance Company has been rated No 1 amongst all the General Insurance Companies in India by rating agency ICRA for three consecutive years 2017, 2018, and 2019. Also, it has been ranked as the 9th best private company in India by BMR (Business magazine) in 2018.

In February 2018, ICICI Lombard received the ‘2018 Innovation Award’ at the India Insurance Forum & Summit - ‘IIFS 2018’ for its work on launching the Lombard Lifespirit Health Insurance Motorcycle Rider Belt. 

In March 2018, ICICI Lombard was awarded for having the Best Commercial Innovation Product at the Economic Times CII India Insurance Awards 2018. 

In May 2018, ICICI Lombard was awarded a ‘2018 Ease of Doing Business’ award by InsurIndia and Exim Bank, for being ranked among the top 10 private companies in India.

In June 2018, ICICI Lombard received the '2018 Asia Innovation Award' at the Insurance Tech Forum (ITF) Asia Awards 2018. 

In July 2018, Standard & Poor’s (S&P) Ratings Services assigned an A- rating to ICICI Lombard Insurance Company Limited’s (LICL) INR4 billion rupee ($62 million) worth of statutory debt issuance for which it acted as the insurer of the last resort.

In June 2018, ICICI Lombard received the '2018 Asia Innovation Award' at the Insurance Tech Forum (ITF) Asia Awards 2018. 

In September 2018, ICICI Lombard Life Insurance was awarded the ‘2018 Outstanding CEO Award’ at The Economic Times CII India Insurance Awards 2018. 

In October 2018, The Economic Times included Icici Lombard General Insurance Company in its list of top 10 Indian insurance companies in its report titled ‘India’s fastest-growing companies in the private sector.’

ICICI Lombard General Insurance Company was founded in 1992 by ICICI Bank and Standard Life with Standard Life as the single holder of all policy outstanding. In 2013, ICICI Bank sold a 40% equity share of the company to Standard Life. In 2017, the equity share was sold completely. Currently, ICICI Lombard and Standard life hold a 50% stake each in LGR as a single policyholder with ICICI Lombard as a majority shareholder.