ICICI Lombard General Insurance Company is currently trading at Rs. 1192.30, up by 4.15 points or 0.35% from its previous closing of Rs. 1188.15 on the BSE.
The scrip opened at Rs. 1198.00 and has touched a high and low of Rs. 1199.05 and Rs. 1182.90 respectively. So far 4489 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1674.00 on 22-Sep-2021 and a 52 week low of Rs. 1070.95 on 13-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1234.30 and Rs. 1152.10 respectively. The current market cap of the company is Rs. 58506.10 crore.
The promoters holding in the company stood at 48.03%, while Institutions and Non-Institutions held 40.37% and 11.59% respectively.
ICICI Lombard General Insurance Company has joined pay-as-you-drive policy segment. In a pay-as-you-drive motor policy, the premium is based on the average distance that a policyholder drives the vehicle.
ICICI Lombard has dubbed its new offer as the motor floater policy, which provides all the covers of a traditional motor policy (like accident cover, third-party liability and personal accident cover for the owner-driver), and now offers the advantage of adding all the vehicles owned by the proposer in one policy.
It is now offering this new pay-as-you-drive policy along with an option to convert the basic motor cover into an ‘asset cum usage’ based product, wherein the premium of the basic motor vehicle will depend partially on the usage. It offers two options under the policy.
The first is the ‘pay-as-you-use’ plan offers the flexibility to choose from different ‘kilometre plans’, depending on usage and thus the premium will be limited only to the extent the vehicle is used or estimated to be used by the customer. The second option is the ‘pay-how-you-use’ plan under which the premium changes as per the driving behaviour scores, which means that a customer with good driving behaviour can avail of attractive discounts over the base premium of the policy.
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.