The cover is divided into three sections:
Section I: is applicable to Tea Crop Insurance for policies issued Garden wise only This insurance attaches from the time the Green Leaf is plucked at the Assured''s Estate and while being processed at the factory. It continues while in transit by approved conveyance(s) and/or vessel(s).
Section II: is applicable to Inland & Overseas transits of Tea, including storage. Transit Policies are issued to individuals or Companies, who purchase "Made" Teas sold at Gardens and/or the various Auction Centres of India and/or from any other source with a view to dispatching the same to various places in India or abroad to buyers or distribution centres.
Section III:Transit includes storage for blending, processing, packing, etc of Made Tea. Policies under this Section are issued to cover transits within India between purchase centres and F.O.B. points/Inland sale outlets/Wholesalers depots/ Distributors, including cover during Processing, Blending and Packing at various incidental storages at godowns/ warehouses. Such policies may be issued to individuals or corporate bodies or Garden Owners. This insurance is against All Risks of physical loss of or damage to the subject-matter insured.
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.