Overseas Student Travel Insurance - Plus Plan' - A Little - India PRwire by yantingting


									                                                    ICICI Lombard General Insurance Company Ltd.
                                                         Zenith House, 2nd Floor, Keshavrao Khadye Marg,
                                                                           Mahalakshmi, Mumbai 400034.
                                                                   Tel.: (022) 2490 6966 Fax : 2492 7624

‘Overseas Student Travel Insurance - Plus Plan’ – A Little
Extra Goes A Long Way

* Plus Plan additionally covers mental and nervous disorders, inter-collegiate sports
injuries and cancer screening
* Customized health insurance plans for over 700 Universities across US, UK and
Australia that are favorably comparable with the university sponsored plans
* Policy premiums are almost 1/3 rd the cost of similar medical insurance abroad
* 24X7 Online Policy Issuance and Renewal with Live Chat, Toll-free Helpline and
Callback facility in India, UK, US and Canada

Mumbai, August 20, 2010: ICICI Lombard General Insurance Company Ltd., the
country’s largest private sector General Insurance Company offers Student Medical
Insurance Plus Plan as an add-on cover to fulfill the various criteria of universities
abroad. It supplements the Overseas Student Travel Insurance plans introduced by
ICICI Lombard to extend the coverage of unexpected medical and non-medical

The plan offered by ICICI Lombard makes life simpler for a student who is oblivious to
the fact that medical expenses in a foreign land can be really expensive, particularly
in a country like the USA. The Plus Plan additionally covers treatment for mental and
nervous disorders, including alcoholism and drug dependency, in-patient medical
expenses related to pregnancy, medical expenses for inter-collegiate sports injuries,
cancer screening & mammography examinations, childcare benefits and even
hospitalization in case of Swine Flu / H1N1 influenza.

ICICI Lombard is the only insurance company to have listed over 700 universities on
its website highlighting insurance requirements specific to each University. This
includes Universities across US, UK and Australia. ICICI Lombard’s ‘University Tracker’
system on www.icicilombard.com enables the student to access and compare the
insurance requirements of the universities, thus helping the student to make the
right choice.

In order to provide quality health care to Indian students, ICICI Lombard has
partnered with United Health Group, which is the single largest health carrier in the
United States. This facility would provide a student the flexibility to visit any United
Health Care hospital in the US for medical treatment and avail cashless treatment for
hospitalization. United Healthcare has a nationwide network that includes 595,000
physicians and other health care professionals, 80,000 dentists and 4,965 hospitals.

According to Mr. Kartik Jain, Head Marketing and Direct, ICICI Lombard General
Insurance Company Ltd., “It is absolutely imperative for Indian students studying
overseas - e.g. US, Canada and Australia - to have medical insurance. About 150,000
students go abroad to pursue higher studies every year. Universities abroad make it
mandatory to have a health insurance policy to secure admission. Our student health
insurance policy provides a two-year coverage, so that students need not worry about
extending it after one year is over. The policy is very beneficial as not only the
                                                    ICICI Lombard General Insurance Company Ltd.
                                                         Zenith House, 2nd Floor, Keshavrao Khadye Marg,
                                                                           Mahalakshmi, Mumbai 400034.
                                                                   Tel.: (022) 2490 6966 Fax : 2492 7624

inpatient hospitalization expenses are covered, but outpatient expenses are also
covered. Students are not required to undergo any health check up before buying this
policy, and as a benefit of our instant online policy issuance students can even opt for
a policy at the last moment.”

About ICICI Lombard General Insurance Company Ltd.

ICICI Lombard GIC Ltd. is a 74:26 joint venture between ICICI Bank Limited, India’s
second largest bank with consolidated total assets of over USD 100 billion at March
31, 2010 and Fairfax Financial Holdings Limited, a Canada based USD 30 billion
diversified financial services company engaged in general insurance, reinsurance,
insurance claims management and investment management.

ICICI Lombard GIC Ltd. is the largest private sector general insurance company in India
with a Gross Written Premium (GWP) of Rs. 3,694.7 crore for the year ended March 31,
2010. The company issued over 44 lakh policies and settled over 62 lakh claims and has
a claim disposal ratio of 96% (percentage of claims settled against claims reported) as
on March 31, 2010. The company has 4,305 employees and 350 branches as on July 31,

The company has been assigned a domestic rating of ‘iAAA’ by ICRA (an associate of
Moody’s Investors Service) for highest claim paying ability and a fundamentally strong
position, for the fourth consecutive year. The company has been awarded CNBC Awaaz
Consumer Award 2010 for being the ‘most preferred brand’ in the General Insurance
category. ICICI Lombard Auto Insurance has been rated highest in customer
satisfaction by J.D. Power Asia Pacific in India among 11 auto insurance providers. The
company has been conferred the Golden Peacock- Eco Innovation Award of 2009 for
weather insurance and the Customer and Brand Loyalty award in the ‘Insurance Sector
- Non-Life’ at the 3rd Loyalty awards, 2010. It was awarded the ‘General Insurance
Company of the Year’ at the 11th Asia Insurance Industry Awards. The company also
won the NDTV Profit Business Leadership Award 2007 and was adjudged as the most
Customer Responsive Company in the Insurance category at the Economic Times Avaya
GlobalConnect Customer Responsiveness Award 2006. It has the Gold Shield for
‘Excellence in Financial Reporting’ by the ICAI (Institute of Chartered Accountants of
India) for the year ended March 31, 2006.

ICICI Lombard allows instant policy issuance and renewal through its website
www.icicilombard.com for all retail insurance products including Car Insurance, Health
Insurance, Travel Insurance, Two Wheeler Insurance and Home Insurance. There are
multiple payment options available including internet banking, credit card, debit card
and cash card.

For more details about the company, log on to the website www.icicilombard.com
For any further information, please contact:
                         ICICI Lombard General Insurance Company Ltd.
                              Zenith House, 2nd Floor, Keshavrao Khadye Marg,
                                                Mahalakshmi, Mumbai 400034.
                                        Tel.: (022) 2490 6966 Fax : 2492 7624

Mittal Solanki           S.V.Shweta/ Husainali Gandhi
Marketing Manager        Adfactors PR
ICICI Lombard GIC Ltd.   9619105070 / 9769722337
022 – 2490 6880          sv.shweta@adfactorspr.com/

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