ICICI Lombard General Insurance Company , a leading player in India's insurance sector, has rolled out a comprehensive customer outreach program aimed at helping policyholders and beneficiaries claim their unclaimed insurance amounts. This initiative comes as a response to the company's identification of numerous unclaimed policy proceeds, claims, premium pay-ins, and refunds.

Simplified Claim Process

ICICI Lombard has streamlined the claim process, offering multiple convenient channels for policyholders and beneficiaries to check and claim their pending amounts. These options include:

Reasons for Unclaimed Amounts

According to ICICI Lombard, the primary reasons for these unclaimed amounts include:

• Outdated contact information
• Communication gaps between the company and policyholders

Company's Commitment

A spokesperson for ICICI Lombard stated, "We are committed to ensuring that our policyholders and beneficiaries receive every benefit they are entitled to under their insurance policies." This initiative reflects the company's dedication to customer service excellence and maintaining transparent relationships with policyholders.

Broader Implications

This outreach program is part of ICICI Lombard's larger commitment to enhancing customer experience and ensuring transparency in insurance transactions. By actively reconnecting with policyholders, the company aims to bridge communication gaps and improve service delivery.

ICICI Lombard encourages all current and former policyholders, as well as their beneficiaries, to check if they have any unclaimed amounts and take advantage of this initiative to claim what rightfully belongs to them.

As the insurance industry continues to evolve, such customer-centric initiatives may set new standards for transparency and service in the sector. It remains to be seen how other insurance providers will respond to this proactive approach by ICICI Lombard.

ICICI Lombard General Insurance Company Limited , a prominent player in India's insurance sector, has announced the allotment of 135,694 equity shares under its employee stock schemes. This move, approved on November 3, 2025, underscores the company's commitment to employee ownership and aligning staff interests with those of shareholders.

Allotment Details

The allotment, approved by a Whole-time Director at 06:56 p.m., was made under two distinct schemes:

Each equity share has a face value of ₹10, and the newly allotted shares will rank pari-passu with the existing equity shares of the company in all respects.

Corporate Governance and Transparency

The allotment was executed under the authority delegated by the Board of Directors at their meeting held on July 18, 2023. This delegation of authority demonstrates the company's efficient decision-making process and adherence to corporate governance norms.

ICICI Lombard has informed the stock exchanges about this development, maintaining transparency with its stakeholders. The company has stated that this information will be available on its official website, ensuring easy access for investors and the public.

Implications for Shareholders

While the allotment represents a small increase in the company's outstanding shares, it reflects ICICI Lombard's ongoing commitment to its employee incentive programs. Such programs are often viewed positively by investors as they can help in attracting and retaining talent, potentially contributing to the company's long-term performance.

Shareholders may want to note how this allotment impacts the company's financial metrics on a per-share basis, although the effect is likely to be minimal given the relatively small number of shares involved.

As ICICI Lombard continues to operate in the competitive insurance landscape in India, its focus on employee ownership could be seen as a strategic move to enhance employee engagement and drive business growth.