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ICICI Lombard shines on entering into strategic tie up with Standard Chartered Bank

ICICI Lombard General Insurance is currently trading at Rs. 1161.45, up by 16.70 points or 1.46% from its previous closing of Rs. 1144.75 on the BSE.

The scrip opened at Rs. 1155.00 and has touched a high and low of Rs. 1178.00 and Rs. 1155.00 respectively. So far 2850 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1285.35 on 03-Sep-2019 and a 52 week low of Rs. 703.40 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1285.35 and Rs. 1125.85 respectively. The current market cap of the company is Rs. 52019.32 crore.

The promoters holding in the company stood at 55.86%, while Institutions and Non-Institutions held 24.51% and 19.63% respectively.

ICICI Lombard General Insurance Company has entered into a strategic tie up with Standard Chartered Bank, which will provide the Bank’s customers access to the insurer’s portfolio of comprehensive protection solutions.

Through this collaboration, ICICI Lombard aims to leverage the branch network of Standard Chartered Bank across India, while encouraging penetration and awareness of its general insurance portfolio in the country. With both institutions believing in the mantra of driving customer innovation through technology, this partnership would prove to be a win-win for both.

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.

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