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ICICI Lombard to settle claims of up to Rs 5 lakh by MSMEs within 10 days

NEW DELHI: ICICI Lombard General Insurance Company on Monday said it will settle the MSME clients' admissible claims of up to Rs 5 lakh within 10 days of completing the claims survey. This marks the International MSME Day observed on June 27 to recognize the contribution of these industries.

The claims settlement process is a first-of-its-kind service to enable faster claim settlement for MSMEs and startups,