ICICI Lombard introduces unique online platform for students traveling abroad

June 10, 2009 - PRLog -- ICICI Lombard General Insurance, one of the leading private sector general insurance company has announced the launch of E-Solutions portal, a unique online 24x7 initiative in the travel insurance segment. ICICI Lombard provides student medical insurance which is compliant with requirement of more than 500 universities across US, UK, Europe and Australia for students traveling abroad for further education. The portal provides a tool named-University Tracker, which helps to find the university specific insurance details.

ICICI Lombard has also partnered with the leading US-based Health Care provider UnitedHealth Group, to provide access to United Health Care's network of hospitals and physicians when in the US. United Health care is the most widely accepted health insurance in the United States.

The main objective of this portal is to provide hassle-free and instant policy with online renewal option. This enables students to get the required insurance instantaneously thus avoiding delays. Further, students now have the option of simply dialing in their insurance requirements or click onto www.icicilombard.com/Content/ilom-en/student_travel/index.html  

The Student Medical insurance apart from medical benefits also provides eight non-medical benefits such as baggage loss/delay, passport loss, compassionate visit by a family member, study interruption, personal accident, third party liability and bail bond.

Speaking on this initiative, Mr. Kartik Jain, Head- Marketing and E-channel, ICICI Lombard General Insurance said: "About 150,000 students go abroad to pursue higher studies every year. Universities abroad make it mandatory to have a health insurance policy. Here is when an online insurance option becomes practical, as the student can check the insurance requirements listed by the University and opt for the recommended plan which will suit those requirements". He further added, "Buying the recommended plan will help the student get a waiver from his/her University and can save up to Rs 30,000 on insurance".

The entire transaction of locating the right policy suitable to the University, registration and online payment, can be completed in nearly 10 minutes. If the student desires to have a human interface for any doubts or clarifications, a call center customer care associate is available round the clock. Also, the website is VeriSign secured, so is the IVR on phone with 128 bit encryption to ensure safety in transactions.

Advantages of ICICI Student Medical Insurance:

•   24X7 Online policy issuance and renewal encompassing useful services; live chat, toll free number in India, US and UK
•   Insurance compliant with requirement of more than 500 universities across US, UK, Europe and Australia
•   Tie-up with the US based UnitedHealth Group to ensure that the students get best services when they travel to US for study purpose
•   Policy charges are almost 1/3 rd of the actual cost of medical insurance available abroad
•   Interest free EMIs, Now pay in installments without any extra charges (available exclusively for ICICI Bank and Citibank Credit Cardholders)

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ICICI Lombard is known to be a pioneer in introducing innovative concepts in the Indian Insurance sector. It was also one of the first general insurance companies in India to have a robust online system in place for buying and renewing policies.