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IRDAI product register · general insurance

ICICI Lombard General Insurance Policy Wordings

IRDAI's non-life product register lists 31 ICICI Lombard products and 53 add-ons, approved 2016 to 2022. Each is below with its UIN and a link to its policy wording on irdai.gov.in, grouped by line of cover.

The wording is the contract a claim is decided on; the brochure is not. Built from IRDAI's register of non-life insurance products.

Written by Parul Bhargava · Founder and Principal Advisor, advising since 2004

Lines: Shop, office, home and business packages · Liability · Credit and political risk · Motor · Crop and rural · Specialty: title, warranty, drones and more

Shop, office, home and business packages (7)

Liability (3)

Credit and political risk (1)

Motor (16)

Crop and rural (2)

Specialty: title, warranty, drones and more (2)

Add-ons filed on their own (10)

Add-ons whose parent product is not itself in the register, or which were filed without one.

Names in the register

IRDAI registration number 115. Filed as: ICICI Lombard General Insurance Co. Ltd.; ICICI LOMBARD General Insurance Company Limited; ICICI Lombard General Insurance Co. Ltd. Its claim settlement, solvency and market share figures: ICICI Lombard profile.

Why the wording matters more than the brochure

A policy is the schedule, the wording and any endorsements, read together. The brochure and the insurer's web page summarise it and say so in their own footers. When a claim is disputed, the surveyor, the insurer and the Ombudsman all read the wording, so it is the document to read before renewal, not after a loss.

Below fifty crore of value at risk, fire cover is IRDAI's standard product and the wording is the same whoever sells it. Above it, and on most liability, engineering and marine covers, the wordings differ and comparing them is the point of using a broker.

Reading a UIN

Every product IRDAI approves carries a Unique Identification Number. For a general insurance product it begins IRDAN, and the three digits that follow are the insurer's IRDAI registration number, which is how this library keeps an insurer's products together through a change of name. The V01, V02 that follow mark the version of the wording. An add-on carries its parent product's UIN with its own /A suffix, or a UIN of its own where it was filed alone.

The UIN is printed on your policy schedule. Match it here and you have the wording your policy was issued on. If your schedule shows a version this library does not list, the insurer has filed a newer one since.

Frequently asked questions

All insurers · comparing wordings · what to do when a claim is disputed · claim settlement ratios.