NSEAction(s) taken or orders passed8 Sept 2026 · 8 Sept 2026, 09:08 am
Action(s) taken or orders passed
ICICI Lombard General Insurance Company Limited · ICICIGI
✦ AI Summary▼ NegativeRegulatory
ICICI Lombard General Insurance Company Limited has received an Order from Insurance Regulatory and Development Authority of India (IRDAI) levying a penalty of ₹ 1,00,00,000 (Rupees One Crore) for certain aspects pertaining to outsourcing activities undertaken by the Company under Outsourcing Regulations, 2017 read with Corporate Governance Guidelines, 2016.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk2/10
Liquidity Impact1/10
Market Sentiment2/10
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Full Announcement
ICICI Lombard General Insurance Company Limited has informed the Exchange about disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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September 8, 2026
The Manager The Manager
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot C/1
Dalal Street G Block, Bandra Kurla Complex,
Mumbai – 400 001 Mumbai – 400 051
Scrip code: Equity (BSE: 540716/ NSE: ICICIGI)
Dear Sir/Madam,
Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Pursuant to the provisions of Regulation 30 read with Sub-Para 20 of Para A of
Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”), we hereby submit that the Company is
in receipt of an Order dated September 7, 2026, passed by the Insurance
Regulatory and Development Authority of India (“IRDAI”).
The requisite details of the Order as required under Regulation 30 of the Listing
Regulations are given in Annexure 1.
The details as required under Regulation 30(13) of the Listing Regulations read
with the Industry Standards Note on Regulation 30 of the Listing Regulations are
given in Annexure 2.
We further state and declare that the information and details provided in
Annexure 2 , in compliance with Regulation 30(13) of the Listing Regulations read
with the Industry Standards Note on Regulation 30 are true, correct and complete
to the best of our knowledge and belief.
The above information will also be made available on the Company's website at
www.icicilombard.com.
ICICI Lombard General Insurance Company Limited
IRDA Reg. No. 115 CIN: L67200MH2000PLC129408 You can contact us at:
Mailing Address: Registered Office: Toll free No.: 1800 2666
Sixth floor- Interface 16, ICICI Lombard House, 414, Veer Savarkar Marg, Email: customersupport@icicilombard.com
Office no 601 & 602, Near Siddhi Vinayak Temple, Prabhadevi, Website: www.icicilombard.com
New linking Road, Malad Mumbai - 400 025.
west, Mumbai - 400064.
You are requested to kindly take the same on your records.
Thanking you.
Yours Sincerely,
For ICICI Lombard General Insurance Company Limited
Vikas Mehra
Company Secretary
Encl. As above
ICICI Lombard General Insurance Company Limited
IRDA Reg. No. 115 CIN: L67200MH2000PLC129408 You can contact us at:
Mailing Address: Registered Office: Toll free No.: 1800 2666
Sixth floor- Interface 16, ICICI Lombard House, 414, Veer Savarkar Marg, Email: customersupport@icicilombard.com
Office no 601 & 602, Near Siddhi Vinayak Temple, Prabhadevi, Website: www.icicilombard.com
New linking Road, Malad Mumbai - 400 025.
west, Mumbai - 400064.
Annexure 1
Sr. Particulars Details
1. Name of the Authority Insurance Regulatory and Development
Authority of India (IRDAI)
2. Nature and details of the IRDAI had conducted an onsite inspection of
action(s) taken, or orders(s) the Company in September 2019.
passed
Subsequently, the Company received a Show
Cause Notice dated July 8, 2024 and
Supplementary Show Cause Notice dated
December 17, 2024 providing an opportunity
for personal hearing and additional
submissions.
After considering the submissions and
personal hearing, IRDAI issued an Order
dated September 7, 2026, levying a penalty
of ₹ 1,00,00,000 (Rupees One Crore) with
respect to certain aspects pertaining to
outsourcing activities undertaken by the
Company under Outsourcing Regulations,
2017 read with Corporate Governance
Guidelines, 2016.
IRDAI has also issued additional
directions/advisories to the Company and
advised to comply with those
directions/advisories within the specified
timelines.
3. Date of receipt of direction September 7, 2026 at 6:31 p.m.
or order including and ad-
interim or interim orders or
any other communication
from the authority
4. Details of the violation(s) Penalty has been levied with respect to
/contravention(s) certain aspects pertaining to outsourcing
committed or alleged to be activities undertaken by the Company under
committed Outsourcing Regulations, 2017 read with
Corporate Governance Guidelines, 2016.
ICICI Lombard General Insurance Company Limited
IRDA Reg. No. 115 CIN: L67200MH2000PLC129408 You can contact us at:
Mailing Address: Registered Office: Toll free No.: 1800 2666
Sixth floor- Interface 16, ICICI Lombard House, 414, Veer Savarkar Marg, Email: customersupport@icicilombard.com
Office no 601 & 602, Near Siddhi Vinayak Temple, Prabhadevi, Website: www.icicilombard.com
New linking Road, Malad Mumbai - 400 025.
west, Mumbai - 400064.
5. Impact on financial, The financial impact is restricted to the
operation or other activities amount stated in Sl. No. 2 above.
of the listed entity
quantifiable in monetary No impact is expected on the operation or
terms to the extent possible other activities of the Company.
ICICI Lombard General Insurance Company Limited
IRDA Reg. No. 115 CIN: L67200MH2000PLC129408 You can contact us at:
Mailing Address: Registered Office: Toll free No.: 1800 2666
Sixth floor- Interface 16, ICICI Lombard House, 414, Veer Savarkar Marg, Email: customersupport@icicilombard.com
Office no 601 & 602, Near Siddhi Vinayak Temple, Prabhadevi, Website: www.icicilombard.com
New linking Road, Malad Mumbai - 400 025.
west, Mumbai - 400064.
Annexure 2
Sr. Particulars Details
1. Name of the listed company ICICI Lombard General Insurance
Company Limited
2. Type of communication The Company has received an Order from
received IRDAI levying a penalty.
IRDAI has also issued additional
directions/advisories to the Company and
advised to comply with those
directions/advisories within the specified
timelines.
3. Date of receipt of September 7, 2026 at 6:31 p.m.
communication
4. Authority from whom Insurance Regulatory and Development
communication received Authority of India
5. Brief summary of the material Refer Sl. No. 2 above
contents of the communication
received, including reasons for
receipt of the communication
6. Period for which Not applicable
communication would be
applicable, if stated
7. Expected financial implications The financial impact is restricted to the
on the listed company, if any extent of ₹ 1,00,00,000 (Rupees One
Crore).
No impact is expected on the operation or
other activities of the Company.
8. Details of any aberrations/ IRDAI has levied Penalty with respect to
non-compliances identified by certain aspects pertaining to outsourcing
the authority in the activities undertaken by the Company
communication under Outsourcing Regulations, 2017
read with Corporate Governance
Guidelines, 2016.
9. Details of any penalty or Refer Sl. No. 2 above
restriction or sanction imposed
ICICI Lombard General Insurance Company Limited
IRDA Reg. No. 115 CIN: L67200MH2000PLC129408 You can contact us at:
Mailing Address: Registered Office: Toll free No.: 1800 2666
Sixth floor- Interface 16, ICICI Lombard House, 414, Veer Savarkar Marg, Email: customersupport@icicilombard.com
Office no 601 & 602, Near Siddhi Vinayak Temple, Prabhadevi, Website: www.icicilombard.com
New linking Road, Malad Mumbai - 400 025.
west, Mumbai - 400064.
pursuant to the communication
10. Action(s) taken by listed The Company is evaluating the Order and
company with respect to the will take necessary actions accordingly.
communication
11. Any other relevant information -
ICICI Lombard General Insurance Company Limited
IRDA Reg. No. 115 CIN: L67200MH2000PLC129408 You can contact us at:
Mailing Address: Registered Office: Toll free No.: 1800 2666
Sixth floor- Interface 16, ICICI Lombard House, 414, Veer Savarkar Marg, Email: customersupport@icicilombard.com
Office no 601 & 602, Near Siddhi Vinayak Temple, Prabhadevi, Website: www.icicilombard.com
New linking Road, Malad Mumbai - 400 025.
west, Mumbai - 400064.