ICICI Lombard, a leading private general insurer in India, has launched a new All-Risk Insurance policy called IAR Supreme. This policy is designed to provide enhanced risk assessment services and over 120 customizable coverage options, making it a flexible and comprehensive solution for businesses operating in complex environments. IAR Supreme is tailored for both manufacturing and non-manufacturing sectors, offering extensive coverage beyond traditional policies. The policy’s unique features include unlimited reinstatement of sum insured post-claims, guarantee of policy renewal, and assistance in risk assessment and mitigation services.
The policy is designed to ensure business resilience and financial protection for businesses operating in an increasingly complex risk landscape. IAR Supreme provides a structured and customizable policy framework, allowing businesses to take control of their coverage and adapt to emerging risks. The policy also includes advanced support services, such as expert risk assessments, to help businesses identify vulnerabilities and implement preventive measures, ensuring rapid recovery in the event of a loss.
ICICI Lombard’s Chief Corporate Solutions Group and International & Banca, Sandeep Goradia, emphasized that IAR Supreme is designed to address the evolving risk landscape and provide businesses with customized and flexible policy coverage. He noted that a well-structured risk management strategy is crucial for ensuring operational continuity, financial security, and long-term growth.
IAR Supreme, with its comprehensive coverage, unmatched flexibility, and industry-first features, sets a new benchmark in the insurance industry. It supports businesses in mitigating emerging risks, ensuring they remain protected and agile in today’s ever-evolving economic landscape. With IAR Supreme, ICICI Lombard continues to lead the way in future-proofing Indian enterprises, providing tailored risk solutions that combine flexibility, risk intelligence, and customized coverage.