Stock of ICICI Lombard General Insurance Company (ICICI Lombard) has risen 4.6 per cent to Rs 836.35 since August 30, even though the broader markets and Nifty Financial Services index are under pressure. Expected benefits from the revised motor third-party insurance policy have been the reason for the upward move of the sole listed general insurance company.
While the motor segment accounts for over 40 per cent of the company’s product mix, third-party segment’s share is 17-18 per cent and own-damage policies comprise 25-26 per cent. Under the revised policy, ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked.
What you get?
ON BUSINESS STANDARD DIGITAL
- Unlimited access to all the content on any device through browser or app.
- Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
- Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
- Track the industry of your choice with a daily newsletter specific to that industry.
- Stay on top of your investments. Track stock prices in your portfolio.
- 18 years of archival data.
- Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
- This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information