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Machinery Loss of Profits Insurance
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Machinery Loss of Profits Insurance

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All perils under the Machinery Breakdown policy can be covered under MLOP. Hence the main perils covered are electrical/mechanical breakdown, voltage surge, impact damage etc.
The amount payable as indemnity is in respect of reduction in turnover/output is the gross profits lost on account of the shortage in turnover or output during the indemnity period in consequence of the material damage under Machinery Breakdown
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Icici Lombard General Insurance Co. Ltd.

Malad West, Mumbai, Maharashtra
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All perils under the Machinery Breakdown policy can be covered under MLOP. Hence the main perils covered are electrical/mechanical breakdown, voltage surge, impact damage etc.
The amount payable as indemnity is in respect of reduction in turnover/output is the gross profits lost on account of the shortage in turnover or output during the indemnity period in consequence of the material damage under Machinery Breakdown policy.

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Machinery Loss of Profits Insurance

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About the Company

Nature of BusinessService Provider
IndiaMART Member SinceNov 2011
ICICI Lombard GIC Ltd. is a joint venture between ICICI Bank Limited, India's second largest bank with total assets of over USD 99 billion as on March 31, 2013 and Fairfax Financial Holdings Limited, a Canada based USD 37 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management. ICICI Lombard GIC Ltd. is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs 64.20 billion for the year ended March 31, 2013. The company issued over 9.18 million policies and settled over 5.07 million claims as on March 31, 2013.
ICICI Lombard received the highest rating in terms of overall customer satisfaction as well as 'The most Recommended Company' in a 2013 survey to assess Customer satisfaction and Quality of Health insurance in India, commissioned by Dept. of Consumer Affairs, Ministry of Consumer Affairs. The company has also been conferred the "ASTD BEST Award 2012" for Learning and Development, "Porter Prize 2012" for creating Shared Value, "Golden Peacock Award 2012" for Corporate Social Responsibility and "Golden Peacock Innovation Award-2010" for Rashtriya Swasthya Bima Yojana. The company has been conferred with 'Celent Asia Insurance Technology Award 2012' under the category Best Mobile Applications.
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Avinish Tripathi

401-402, Interface Bldg No.11, Link Road, Malad (West)
Malad West
Mumbai - 400064 Maharashtra, India

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