ICICI Lombard launches Online Business Insurance Platform for SMEs

ICICI Lombard

ICICI Lombard General Insurance Co has now launched an insurance platform for Small and Medium Enterprises (SMEs), reports EconomicTimes.

The new application User Interface will serve as a one-stop solution for the Small and Medium Enterprise owners to buy or renew insurance products, register claims, and endorse their insurance policies.

ICICI Lombard said that it intends to reach around 63.3 million MSMEs across India via the new platform. Business owners can opt for a wide range of insurance options, such as workmen compensation and marine insurance, via the platform that is expected to introduce more products and services.

Executive Opinion

Sanjeev Mantri, Executive Director at ICICI Lombard said, "The SME segment is relatively more vulnerable to multiple risks and has been significantly impacted by the pandemic. With this one of its kind online platform for business insurance, we are empowering SMEs to avail our business insurance solutions conveniently at any time and from anywhere in a contactless manner."

ICICI Lombard Insurance Platform for SMEs

The launch is a part of its larger objectives of digital transformation and refining customer value proposition with the use of innovative technologies. The company has claimed to have adopted technologies of Artificial Intelligence, the Internet of Things (IoT), Robotics, and Machine Learning to service customers.

The business portfolio of ICICI Lombard Insurance includes the different types of insurance solutions that transport goods; cover property damage, employee-related risks across sectors, legal ability, and cybersecurity, among others.
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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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