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ICICI Lombard's new online portal aims to help SMEs safeguard business amid COVID-19

ICICI Lombard on Wednesday has introduced an online business insurance platform for small and medium enterprises (SMEs). The new platform will be convenient for the SME owners to purchase or renew insurance products, endorse their policies, and register claims. The business owners wilalso opt for different insurance options such as marine insurance, workmen compensation, the company says in a statement.

Coronavirus pandemic has severely affected the small and medium businesses in India. To manage such risks effectively, SME owners need a dynamic platform, believes India’s one of the leading private sector non-life insurance company. "With the newly launched platform, small businesses can avail various insurance related solutions conveniently at the click of a button, thereby ensuring that they are adequately covered against any risks to their business operations," the insurer mentions.