Buy ICICI Lombard General Insurance shares

ICICI LOMBARD GENERAL INSURANCE (BOM: 540716) Shares

ABOUT ICICI LOMBARD GENERAL INSURANCE

📊 ICICI Lombard General Insurance (BOM: 540716) is a general insurance company in India with its headquarters in Mumbai.

📊 As one of the leading private sector general insurance companies in India ICICI Lombard General Insurance provides general insurance, reinsurance, insurance claims management and investment management, and policy insurance and renewal through its intermediaries and website, including car, health, international travel, overseas student travel, two wheeler, home and weather insurance.

📊 Established in 2001, ICICI Lombard General Insurance is a joint venture between ICICI Bank, India’s second largest bank, and Fairfax Financial Holdings Limited, a financial services company based in Toronto. ICICI Bank had 64% stake in the venture while Fairfax had 36% in the joint venture but in 2016, ICICI Bank sold a 9.0% stake to Fairfax Financial Holdings.

OVERVIEW OF ICICI LOMBARD GENERAL INSURANCE

  • ICICI Lombard General Insurance has 265 branches and 910 virtual offices spread across the nation and has recently entered a strategic relationship with The Karur Vysya bank Ltd for bancassurance products.

  • Services offered by ICICI Lombard General Insurance are done under the sectors Motor Insurance, Health Insurance, Travel Insurance, Medical Insurance, Home Insurance, Other Products, Claims, Wellness and Customer Support.

  • ICICI Lombard General Insurance employs more than 8 440 people and has issued more than 26.5 million policies and settled over 1.6 million claims by end of March 2019. These covered protection solutions for business, personal and project liabilities across rural as well as urban areas in India.

VISION & VALUES OF ICICI LOMBARD GENERAL INSURANCE

  • ICICI Lombard General Insurance’s value proposition is driven by a promise to be the best partner for its customers and ensure quick and smooth claims processing.

  • As a responsible corporate citizen, ICICI Lombard General Insurance reiterates its commitment towards its customers and the community at large with positive results and contributing to the wellbeing of all, hence taking initiatives towards preventive healthcare, road safety and disaster support too.

  • ICICI Lombard General Insurance encourages and supports employee voluntarism and has successfully implemented several projects in coordination with the ICICI foundation in tribal districts of India.
  • ICICI Lombard General Insurance commits to its value chain to ensure it reaches its goals, meet current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.

MARKET PERFORMANCE ICICI LOMBARD GENERAL INSURANCE

  • ICICI Lombard General Insurance’s shares trade on the Bombay Stock Exchange (BSE) under stock symbol BOM: 540716, listed in the Business Sector: General Insurance Companies.

  • ICICI Lombard General Insurance is also listed on the National Stock Exchange of India (NSE) as ICICIGI.

  • Highlights of ICICI Lombard General Insurance’s performance include revenue of 374 Crores INR, net profit of 310 Crores INR and EPS of 6.82 INR for the quarter ending June 2019. Market Cap as at November 2019 was 8.40 billion USD or 599.92 billion INR.

  • Due to ICICI Lombard General Insurance’s performance shareholders can buy or sell shares and expect sound dividends and returns during 2020 and in future.

LATEST NEWS ICICI LOMBARD GENERAL INSURANCE

Buy ICICI LOMBARD GENERAL INSURANCE stocks / shares – 📈 A Step by Step Guide how to Buy / Purchase ICICI LOMBARD GENERAL INSURANCE  Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy ICICI LOMBARD GENERAL INSURANCE Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN ICICI LOMBARD GENERAL INSURANCE STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE ICICI LOMBARD GENERAL INSURANCE STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of ICICI LOMBARD GENERAL INSURANCE stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy ICICI LOMBARD GENERAL INSURANCE stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

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