ICICI Lombard General Insurance Company Limited Issues 4,850, 8.25% Unsecured, Subordinated, Fully Paid-Up, Listed, Redeemable and Non-Convertible Debentures
June 30, 2021 at 12:53 pm EDT
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ICICI Lombard General Insurance Company Limited had issued 4,850, 8.25% unsecured, subordinated, fully paid-up, listed, redeemable and Non-Convertible Debentures of face value of 1,000,000 each, at par, aggregating to INR 4,850 million on private placement basis constituting the subordinated debt of the company on July 28, 2016. In terms of the Information Memorandum for the aforesaid Debentures, the company has an option to exercise Call Option at the end of five years from the date of allotment. Accordingly, the Company would like to exercise Call Option and redeem the Debentures in full on July 28, 2021 along with final interest due, post receipt of the necessary regulatory/statutory approvals.
ICICI Lombard General Insurance Company Limited is an India-based general insurance company. The Company offers a comprehensive and diversified range of products through multiple distribution channels, including motor, health, crop, fire, personal accident, marine, engineering, and liability insurance. Its segments include Fire, Marine, Health including Personal Accident, Miscellaneous, Crop Insurance and Motor. Its Health including Personal Accident segment includes health retail, health group corporate and health government business. Its Miscellaneous segment includes miscellaneous retail and miscellaneous group corporate business. Its motor insurance includes car insurance, bike insurance and motor floater. Its health insurance includes Health AdvantEdge, MaxProtect, health booster, personal protect, Arogya Sanjeevani Policy, Saral Suraksha Bima and others. Its other insurances include crop insurance, NRI insurance, cyber insurance, ICICI Bharat Griha Raksha Policy and others.
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED 
