type public listed company industry insurance founded 2001 headquarters mumbai india key people bhargav dasgupta md 1 products general insurance vehicle insurance health insurance travel insurance etc. net income 5.07 billion us 75 million number of employees 7 954 as march 2016 parent icici bank fairfax financial website www.icicilombard.com icici lombard general insurance company limited is a joint venture between icici bank limited india s second largest bank with total assets of over usd 100 billion and fairfax financial holdings limited a canada based usd 37 billion diversified financial services company engaged in general insurance reinsurance insurance claims management and investment management . 2 icici lombard gic ltd. is the largest private sector general insurance company in india with a gross written premium gwp of rs 83.07 billion fy 2016 . the firm offers policy insurance and renewal through its intermediaries and website . it markets assurance products including car insurance health insurance international travel insurance overseas student travel insurance two wheeler insurance home insurance and weather insurance . 3 icici lombard has 257 branches spread across the nation . citation needed contents 1 history 2 product and services 3 financials 4 references history edit established in 2001 icici lombard general insurance company is a joint venture between icici bank india s second largest bank and fairfax financial holdings limited a financial services company based in toronto . icici bank has 64 % stake in the venture while fairfax has 35 % in the joint venture . icici lombard general insurance is the largest private sector general insurance company in india . citation needed product and services edit icici lombard health insurance icici lombard overseas student medical insurance international travel insurance icici lombard home insurance icici lombard car insurance icici lombard rural weather insurance financials edit icici general s gross written premium gwp was 83.07 billion in fiscal 2016 . the company maintained its market leadership in the private sector with an overall market share of 8.4 % . the company witnessed an increase in policy volumes by 13.90 % from 13.87 million in fiscal 2015 to 15.80 million in fiscal 2016 . icici general s profit before tax increased from 6.91 billion in fiscal 2015 to 7.08 billion in fiscal 2016 despite the impact of chennai floods and high weather insurance claims . icici general s profit after tax decreased from 5.36 billion in fiscal 2015 to 5.07 billion fiscal 2016 due to a higher effective tax rate in fiscal 2016 as loss carried forward from earlier years had already been absorbed in prior periods . in fiscal 2016 icici bank sold a 9.0 % stake in icici general to its joint venture partner fairfax financial holdings at a company valuation of 172.25 billion . following the transaction the share ownership in icici lombard general insurance company of icici bank and fairfax financial holdings limited is approximately 64 % and 35 % respectively . references edit board of directors & key persons icici lombard . retrieved 27 november 2014 . about icici lombard . retrieved 26 november 2014 . icici lombard to be restrictive towards weather insurance . business standard . mumbai . press trust of india . 18 december 2014 . retrieved 13 august 2015 . https www.icicilombard.com content ilom en annualreport annual report 2014 2015.pdf annual report 2014 15 https www.icicilombard.com content ilom en annualreport annual report 2015 2016.pdf annual report 2015 16 v t e insurance in india companies agriculture agriculture insurance company of india general bajaj allianz cholamandalam ms general insurance corporation of india hdfc ergo icici lombard national insurance new india assurance oriental insurance reliance tata aig united india shriram general insurance co. ltd. health employees state insurance esi max bupa star health life aviva india aegon religare bajaj allianz hdfc life icici prudential life insurance idbi federal life insurance indiafirst life insurance company exide life insurance previously ing vyas life india lic max life peerless group reliance sbi life sun life financial shriram life insurance co. ltd. insurance repository cdsl nsdl other insurance repository in india cisr insurance institute of india insurance regulatory and development authority irda policybazaar india rashtriya swasthya bima yojana category retrieved from https en.wikipedia.org w index.php title icici lombard & oldid 731777552 categories companies based in mumbaigeneral insurance companies of indiacompanies based in maharashtracompanies established in 2001icici bankmultinational joint venture companieshidden categories engvarb from may 2014use dmy dates from may 2014all articles with unsourced statementsarticles with unsourced statements from april 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk 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