ICICI Lombard Insurance Franchise provides a lucrative business opportunity for entrepreneurs and professionals looking to enter the general insurance industry.
By becoming an ICICI Lombard Agent, partners can offer a comprehensive range of products, including health, motor, travel, home, and commercial insurance solutions.
The ICICI Lombard Insurance Franchise model delivers strong brand recognition, advanced digital platforms, expert training, marketing support, and attractive commission structures.
With low startup investment and high scalability, the ICICI Lombard Franchise enables partners to build a sustainable and profitable business.
This opportunity is ideal for financial advisors, consultants, and business owners seeking steady income, long-term growth, and the chance to provide reliable insurance protection to individuals and businesses across India.
ICICI Lombard Insurance Agent Business Opportunnity – Snapshot
Line of Business
Insurance Agent
Unit / Shop Area
140 – 200 Sq. Ft. (Optional)
Commission% / Revenue Sharing
2.5% to 10% of Premium
Overall Investment
Rs.42,500 – Rs.63,500 (Optional)
ROI Timeframe
3 to 6 Month
What do you know about ICICI Lombard Insurance Franchise Business?
About the Brand
Industry
Finance & Money
Business Line
Insurance Agent
Organization Type
Public
Head Office
Mumbai, Maharashtra
Founder
Sanjeev Mantri (MD and CEO)
Founded In (year)
2001
No. of Insurance Agents
1.2 Lakh+
Master Franchise Model
NA
Insurance Agent Tenure
Lifetime
Insurance Agent Location
All over India
Business Set-Up Time
1 Month
Agent Commencement Year
2005
How much does ICICI Lombard Franchise Cost or Fees?
Investment by Insurance Agent
Registration & Training Fees
Rs.2,500 – Rs.3,500
Infrastructure Investment
Rs.40,000 – Rs.60,000 (Optional)
What is ICICI Lombard Insurance Agent Commission?
Commission% / Revenue Sharing
Life Insurance Commission
NA
Health Insurance Commission
5% to 10% of Premium
Motor Insurance Commission
5% to 7% of Premium
Travel Insurance Commission
10% to 15% of Premium
Business Insurance Commission
5% to 10% of Premium
ULIP Commission
2.5% to 4.5% of Premium
How much you can earn from ICICI Lombard Franchise Business?
Monthly Revenue
Life Insurance Premium
NA
Health Insurance Premium
750,000
ULIP Premium
850,000
Life Insurance Commission
NA
Health Insurance Commission
75,000
ULIP Commission
21,250
Agent’s Income
96,250
Total Expences
42,500
Agent’s Net Profit
53,750
Net Profit Margin
3.359%
How much time does it take for ICICI Lombard Insurance Agent to breakeven?
The ICICI Lombard Insurance Franchise model delivers strong brand recognition, advanced digital platforms, expert training, marketing support, and attractive commission structures.