Insurance is like a spare tyre. You may not require it, but not having one is not an option.
Insurance is like a spare tyre. You may not require it, but not having one is not an option.
  • ICICI Lombard Car Insurance Policy Coverage

    In the last few decades, India has seen a plethora of cars of the streets. More and more people are buying cars and preferring it as a daily mode of commuting over public transport. This has led to more mismanaged traffic and crowded roads. Car accidents are common sight these days. With the increase of malicious and anti-social activities, your car is also vulnerable to theft, vandalism and other damages. Though as per the Indian law third-party liability cover is mandatory, it is advisable to have a comprehensive car insurance policy. ICICI Lombard offers an all-encompassing car insurance policy at affordable price that will make sure that your car is protected from the all the possible threats, dangers, damages and unforeseen events. With more than 3,500 network garages located across the country, ICICI Lombard is one of the most sought-after insurance providers in India.

    Features and benefits of ICICI Lombard Car Insurance

    • Instant policy issuance
    • Less paperwork and hassle-free documentation
    • No-claim bonus is offered if no claim is made within the policy period
    • Customers are allowed to transfer their no-claim bonus while shifting to another insurance provider
    • Free renewal reminder service
    • The policy covers towing charges upto Rs.1,500
    • Status of a claim can be tracked online
    • Electricals and non-electricals accessories like fog lights, music system, and seat covers can also be covered under this plan
    • The policy also covers the bi-fuel system such as CNG

    What Does ICICI Lombard car Insurance policy cover?

    The car insurance plan offered by ICICI Lombard is comprehensive and covers most of the expenses you might incur due to an accident of the road. Some of the main things it covers are:

    Loss and damage to your vehicle

    ICICI Lombard car insurance policy covers for any loss or damage to your vehicle or the accessories in the car due to natural or man-made calamities. Unlike the third-party liability coverage that only pays for the expenses incurred by the third-party due to an accident, ICICI Lombard comprehensive car insurance covers the expenses incurred by the policyholder too. The following are the natural calamities that are covered under the policy:

    • Fire
    • Explosion
    • Earthquake
    • Self-ignition
    • Lightning
    • Flood, hurricane, typhoon, storm and cyclone
    • Hailstorm and frost
    • Landslide
    • Rockslide

    Listed below are the man-made calamities that are covered under the ICICI Lombard comprehensive car insurance plan:

    • Burglary
    • Theft
    • Riots and strikes
    • Accident by external means
    • Damage caused in transit by road, rail, air, elevator, etc.
    • Acts of terrorism and other malicious acts
    • Damages caused by anti-social activities

    Personal Accident Cover

    ICICI Lombard offers Personal Accident Cover for everyone who chooses their comprehensive plan. This is to protect the owner/driver of the car in case of an accident. Under this cover, up to Rs.2 lakh is offered to the driver of the car in case of any eventuality. The individual can claim this amount if an accident occurs while driving/travelling/dismounting/mounting the car that is insured. If the insured wants to have a Personal Accident Cover for the passengers of the car, he/she will have to pay for it additionally.

    Third Party Legal Liability Cover

    According to theMotor Vehicles Act, 1988, every car owner in India should have a minimum of third-party liability insurance. It is illegal to drive without third-party insurance as it causes damage to the other party involved in the accident. This is a very crucial cover and offers protection against any legal liability which can be a result of any accidental damages caused to a third party by the insured car. By accidental damages we mean the permanent injury or death of a third person, or loss and damage caused to any third party property as a result of an accident happening by the insured car. ICICI Lombard car insurance includes third-party liability cover by default.

    What is not covered in the policy?

    Having a comprehensive car insurance plan does not mean that any damage to the car will be covered. If the loss/damage is caused to your car due to certain causes or situations, it isn’t covered by this car insurance policy. There are certain exclusions under this plan. ICICI Lombard car insurance doesn't cover the expenses caused due to the following reasons:

    • Loss/ damage caused to the car due to mutiny, war, and nuclear risk.
    • Damages caused due to nuclear weapons or war
    • Any contractual liability
    • Wear and tear of your car caused due to its usage and age
    • Mechanical and electrical breakdown of the car is not covered
    • If the car is not used according to the user manual or the limitations mentioned in it
    • Depreciation of the car or any expenses associated with it
    • Wear and tear of consumables. These include car parts like tubes and tyres of the car. But if the car is also damaged at the same time along with these tyres and tubes then insurance company’s liability will be limited to half i.e. 50% of the cost incurred in replacement of these parts.
    • If the car is being driven by person without holding a valid license then any damage caused to his car is not covered. Similarly, if loss/damage is caused to anybody else’s car who doesn’t hold a valid license then that it not covered either.
    • If damage is caused to or by an individual who had been driving the car under the influence of alcohol or drugs at the time of the occurrence, then it is not covered.

    Documents required to file a claim

    If an ICICI Lombard car insurance policyholder meets with an accident, they will have to inform the insurance company by calling the 24/7 customer care number immediately. Once the policy details and issue claim number is given the insured on phone, they can visit the nearby network garage with the below documents to get their car repaired:

    Documents required for theft claims

    • Duly-filled claim form
    • RC copy of the vehicle
    • Original keys of the vehicle
    • Copy of driving license
    • Insurance policy document
    • FIR copy
    • Original estimate
    • RTO transfer papers (if applicable)
    • No Trace Report from the police

    Documents required for Third-party claims

    • Duly-filled claim form
    • Police FIR copy
    • Driving license copy
    • Copy of the first two pages of the insurance policy document
    • RC copy of the vehicle

    Documents required for accident claims

    • Duly-filled claim form
    • RC copy of the vehicle
    • Driving license copy
    • Police FIR copy
    • Original estimate
    • Original repair invoice and payment receipt

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

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