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The Latest Breaking News from ICICI Lombard

ICICI Lombard rejects Rs 50 lakh accidental death insurance claim, consumer court said insurers can't add new claim conditions. Here's what happened

A consumer commission ordered ICICI Lombard to pay fifty lakh rupees to a policyholder's nominee. The policyholder died in a road accident, and the claim was initially rejected. The insurer demanded additional documents which were not required at policy issuance. The commission ruled that imposing new conditions after policy issuance…

The Economic Times

ICICI Lombard denied health insurance claim, stating the policy was cancelled; policyholder wins the case in consumer court, here’s why

An insurer's appeal was dismissed by the Delhi State Consumer Commission. ICICI Lombard failed to submit its written statement within the legal timeframe. This procedural lapse meant the insurer lost its defense opportunity. The policyholder's claim was then upheld based on available evidence. This case highlights procedural compliance importance for…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Friday

Indian equities ended subdued as geopolitical tensions capped gains despite optimism around Q1 earnings. Analysts expect stock-specific action, with financials, autos and digital firms in focus, while Nifty remains range-bound between key support and resistance amid cautious investor sentiment.

The Economic Times

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Explained: Why ICICI Lombard shares tumbled 15% in their biggest fall since the COVID crash

ICICI Lombard shares fell sharply to hit a 52-week low on Thursday after its June-quarter earnings missed estimates, prompting brokerages to slash target prices and downgrade ratings. Analysts cited weak underwriting, higher claims, regulatory headwinds and slower premium growth, raising concerns over the near-term profitability outlook for the general insurer.

The Economic Times

ICICI Lombard General Insurance shares tumble 15% after Q1 profit takes a hit

ICICI Lombard shares tumbled 15% after the insurer reported a 46% YoY decline in Q1 FY27 net profit to Rs 403 crore, hit by large fire claims and the Supreme Court's Motor TP verdict. While gross premium income rose 7.5% to Rs 8,318 crore, the combined ratio worsened to 107.2%…

The Economic Times

ICICI Lombard Q1 Results: Profit falls 46% on commercial insurance slowdown, higher claims

ICICI Lombard reported a dramatic forty-six percent drop in profit for the first quarter, attributed to a downturn in commercial insurance and heightened claims payments. Despite these challenges, demand for retail health insurance remains strong, and motor insurance exhibited notable growth. The company faced two significant fire insurance losses and…

The Economic Times

How a Gujarat car owner claimed Rs 1.25 lakh insurance without any proof of accident?

A Surat car owner received Rs 1.25 lakh from ICICI Lombard after a consumer commission ruled the undisputed car damage warranted compensation, even though the accident's circumstances were unproven. The insurer had rejected the claim, citing a lack of justification and an independent investigator's report highlighting inconsistencies. The commission found…

The Economic Times

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Insurers racing to ‘AI-proof’ systems as IRDAI flags risks

Indian insurers are rethinking how they assess cyber risks. Regulators have asked them to review exposure to artificial intelligence-driven cyber threats. Traditional underwriting models may not be enough. New threats like AI-enabled phishing and deepfake fraud are evolving rapidly. Insurers are shifting to new risk assessment frameworks. This is a…

The Economic Times

Best ways to find the right health insurance policy: A comparison of ICICI Lombard, HDFC Ergo, Care, Niva Bupa, Tata AIG policies

Choosing a health insurance policy involves more than just premium cost. This comparison of leading Indian insurers highlights key features like room rent limits, restoration benefits, and claim settlement ratios. Understanding these details is crucial for policyholders to manage out-of-pocket expenses during medical emergencies.

The Economic Times

What is the MSCI India Index and why it matters

NEW DELHI: Global indices service provider MSCI had earlier this month announced a couple of inclusion and exclusion, along with changes in weightages of a few Indian stocks, which has influenced flows in these stocks. While it has added four stocks to its MSCI India index, namely Tata Elxsi, Adani…

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