ICICI Lombard General Insurance Company has received approval from international financial services centre (IFSC) to open an offshore insurance office in Gift City in Gandhinagar, making it the first private general insurer to do so.
The offshore unit will enable ICICI Lombard to harness new opportunities in direct insurance and reinsurance areas by offering offshore direct insurance solutions, especially to domestic corporates and individuals located overseas, thus expanding its international business.
ICICI Lombard General Insurance Company offers its customers a comprehensive and well-diversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels.
