ICICI Lombard General Insurance Company Limited

Mumbai, India

ICICI Lombard General Insurance Company Limited is one of India’s leading private general insurance companies. It offers a wide range of products including motor, health, travel, home, and commercial insurance, and it is known for its innovative solutions and robust distribution network. Despite recent challenges like a decline in motor and commercial lines premiums, the company remains a key player in the Indian insurance market.

CCI Score

23.00

-0.02% April 18

Latest Event

ICICI Lombard CSR Initiatives Promote Community Well-being

ICICI Lombard's CSR initiatives, including the 'Caring Hands' campaign and 'Ride To Safety', demonstrate a strong commitment to community welfare, public health, and road safety, thereby reinforcing ethical business practices and positive public engagement.

Take Action

So what can you do? Support ICICI Lombard by shopping, spreading the word, or offering your support.

Shop Alternatives SEE ALL: Hiscox

Gallagher Re

Tata AIG
Use Your Voice OTHER TOOLS
Investigate
Share the Score SUPPORT CCI

SABOTEUR

ICICI Lombard General Insurance Company Limited is currently rated as a Saboteur.

+10 to +24 CCI Score

Companies in this bracket take more subtle actions to undermine authoritarian practices. They might implement internal policies or support reforms that quietly weaken oppressive systems, contributing to change in less overt ways.

Latest Events

JUN

25

2023

ICICI Lombard CSR Initiatives Promote Community Well-being
62.15

ICICI Lombard's CSR initiatives, including the 'Caring Hands' campaign and 'Ride To Safety', demonstrate a strong commitment to community welfare, public health, and road safety, thereby reinforcing ethical business practices and positive public engagement.
+70

Public and Political Behavior

March 25

ICICI Lombard's consistent engagement in CSR initiatives, such as community health, road safety, and disaster support projects, reflects a responsible approach towards public welfare. This active community engagement demonstrates positive public and political behavior, fostering societal well-being and resilience against authoritarian tendencies.

ICICI Lombard: Transforming Communities Through CSR Initiatives
+80

Business Practices and Ethical Responsibility

March 25

The extensive CSR efforts by ICICI Lombard, including the provision of free eye check-ups, distribution of spectacles through the 'Caring Hands' campaign, and road safety initiatives like 'Ride To Safety', showcase a strong commitment to ethical responsibility. These efforts also promote sustainable community development and counteract the divisive narratives often employed by authoritarian regimes.

ICICI Lombard: Transforming Communities Through CSR Initiatives
MAR

12

2014

Investigation into Fraudulent Insurance Schemes
-16.16

Regulatory probes by IRDA and a preliminary CBI enquiry have raised serious concerns over ICICI Lombard’s involvement in fraudulent enrolments and claim settlements under government insurance schemes for the poor. The alleged misappropriation of funds and potential collusion with government officials call into question the company's ethical business practices and its political behavior.
-40

Public and Political Behavior

March 25

The investigation suggests problematic public and political behavior, with allegations of collusion with government officials and misconduct in schemes designed to benefit the vulnerable. This undermines public trust in both the regulatory framework and the company's role in society, contributing to a broader culture of unethical practices.

Irda probes ICICI Lombard for alleged fraud in govt schemes
-60

Business Practices and Ethical Responsibility

March 25

Allegations of fraudulent enrollments and misappropriation of substantial funds under government insurance schemes indicate severe ethical breaches in business practices. The company’s actions suggest a willingness to compromise on ethical responsibility for financial gain, thereby undermining trust in its operations and contributing indirectly to broader systemic exploitation.

Irda probes ICICI Lombard for alleged fraud in govt schemes