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ICICI Lombard Business InsuranceExclusive coverage for your business needs

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Business Insurance

Business insurance, also known as commercial insurance, helps protect business owners from unexpected losses. We offer different types of insurance for businesses, including coverage for property damage, legal liability and employee-related risks. No matter what industry you are in, your company faces risks every day. That’s why ICICI Lombard offers a wide range of business insurance covers, designed to identify and reduce those risks. Effective risk management is the key to a successful business. Our comprehensive commercial solutions are aimed at addressing the diverse risks faced by businesses.

Why choose ICICI Lombard

ICICI Lombard is one of the Leading General Insurance Company in Private sector. Financial Highlights FY 2023

₹217.72 Billion

Gross Written Premium

32.7 Million

Count of Policies issued

3.6 Million

Count of Claims settled

Testimonials

  • Mani
  • BigThinkCode Technologies

We recently insured our employees with ICICI Lombard Group Health (Floater) Insurance, as it has the most benefits for employees. The ICICI teams' interactions and responsiveness are commendable.

  • Sreedhar
  • Galton Pharmaceuticals Pvt. Ltd.

We were in the process of purchasing Group Health (Floater) Insurance for our employeees, in the meantime we got a call from Lombard from Ms. Pankhuri, we have decided to continue with ICICI.
In the process, we got a good price quotation on insurance.
Good responses and quick replies from ICICI team.
As Queries also resolved accordingly.
Got Customized Plans in Room/ICU and maternity benefits etc.
We are so happy to associate with ICICI Lombard and expedite the same in the future.
Read more..

Core differentiators that define our business

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    Strong
    Brand Equity
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    Extensive
    Service Network
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    Comprehensive
    Product Portfolio
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    Technology
    Differentiation
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  • ICICI Lombard has a remarkable claim settlement ratio in India and leverages Artificial intelligence (AI) and advanced analytics for automated processing of Insurance claims.
    ICICI Lombard settles claims of up to Rs 5 Lakhs by MSMEs within 10 days.
  • It has pioneered the use of Artificial intelligence and Machine Learning in health claim processing, reducing cashless claim request approval time to few minutes.
  • In segments such as frequency driven marine cargo insurance claims portfolio, the company has introduced robotics to handle large number of claims and to reduce claim settlement turnaround time.
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  • We customize our insurance solutions based on customer needs and by harnessing our technological capabilities.
  • We use the latest technology tools to help you at all stages of your relationship with us.
  • Our All-in-One insurance solutions like Business Shield and Enterprise Secure comprehensively cover all your key business risks.
  • Our value added services like Marine loss control solutions and anti-hijacking solutions help in preventing and mitigating risk incidents.
  • We leverage natural processing and robotic process automation technology to provide a superior digital experience to our customers.
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  • We have built one of the most robust Reinsurance capacities and have expertise in structuring complex risks. We work with only stable and strong reinsurers which enables us with a strong risk framework.

Product strength

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Fire

Fire insurance policy covers damage and losses caused by fire and helps to cover the cost of replacement, repair or reconstruction of property.

We offer 250+ occupancy types, value added services & can assess risk through remote video and provide a recommendation report.

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Marine

We offer variety of value-added services and customized solutions in our marine insurance.

Our loss control consulting services further enhance our value proposition. Our vast experience in logistics planning and execution of Over Dimensional Consignments (ODC) across India makes us a trusted insurance partner.

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Engineering

Our customized and unique solutions drafted by our technical experts for various industries put us at the forefront of risk management.

We continue to expand our footprint in this segment and provide value-added & risk management solutions to MSME, SME & corporate clients through our technology driven platforms.

What's new

aircraft insurance

Drone Insurance

Drone insurance can be bought by – Drone manufacturers, Aircraft and Drone operators, Logistics start up and Aggregators

Know More If you wish to know more on the product call-us Have us call you
mobile insurance

Mobile Insurance

Mobile insurance offers protection against a number of perils and damages to the phone and covers the expenses relating to its repair as well as replacement

Know More If you wish to know more on the product call-us Have us call you
shield

Business Shield

Business shield insurance includes Fire, Burglary, Loss of Profit, Legal Liability as a holistic package product

Know More If you wish to know more on the product call-us Have us call you

Our network

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    305 Branches
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    917 Virtual Offices
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    13,134 Network Garages
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    25,136 Network Hospitals

Blogs on Business Insurance

  • marine
  • Brief overview of Marine Insurance market in India

    Read more
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7 Tips for Choosing Health Insurance for Your Small Business

Read more
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4 reasons why business firms require Employee's Compensation Policy

Read on to know more about why Employee's compensation policy is necessary for business enterprises Read more

More Blogs icon

Blogs on Business Insurance

Brief overview of Marine Insurance market in India

Read more

7 Tips for Choosing Health Insurance for Your Small Business

Read more

4 reasons why business firms require Workmen Compensation Policy

Read more
More Blogs icon

Hear from Us

  • msme play

    We truly applaud all MSMEs for taking risks and making breakthroughs. #SalaamMSME for the contribution! Watch this video to know how to secure your business from risks. Please type the verification code sent to your

  • msme play

    Applaud companies that prioritize employee health. Hear heartfelt stories and see how ICICI Lombard’s Group Health Insurance creates healthier workplaces, empowers organizations and prioritizes well-being.

  • msme play

    Discover resilience with our Marine Insurance! Watch our customer testimonies of triumphs who chose ICICI Lombard’s marine insurance to protect their ventures and keep their cargos safe! breakthroughs.

Awards and Accolades

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Emerging company of the year

We won the Economic Times Award for Corporate Excellence. The award recognises best companies and bright corporate honchos for business and entrepreneurial success.

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Business today - Money today financial awards

We were conferred with the ‘Best General Insurance Provider of The Year’ and ‘Best Motor Insurer of the Year (Joint)’ awards at the Business Today - Money Today Financial Awards. The recognition came for our sterling performance in the non-life category. These awards were constituted in 2013 to reward the best companies in the Banking, Financial Services, and Insurance (BFSI) sector.

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Dun & bradstreet BSFI summit & awards 2020

We were adjudged ‘India’s Leading General Insurance Company - Private’ at the Dun & Bradstreet BFSI Summit & Awards 2020. These awards are part of a knowledge forum and an endeavour to recognise leading companies from the Indian BFSI sector.