ICICI Lombard Bike Insurance Claim
ICICI Lombard bike insurance ensures a smooth and fast claim settlement process during any mishap. In this page, you will learn about their claim settlement process, the necessary documents, and common bike insurance claim rejection reasons in India.
What is Bike Insurance Claim Settlement?
A two wheeler insurance claim refers to the contractual right of a policyholder, where the bike insurance company offers financial protection in exchange for premiums paid over the policy term.
ICICI Lombard bike insurance provides two types of claim settlement, i.e., cashless bike insurance claims and reimbursement bike insurance claims.
Documents Required for ICICI Lombard Bike Insurance Claim
Make sure you have the following documents to make your ICICI bike insurance claim settlement process successful:
- Copy of FIR: In case of an accident, obtaining a First Information Report (FIR) from the police is crucial.
- Bike Insurance Policy: Have a copy of your bike insurance policy for reference.
- Duly Signed Claim Form: Complete and sign the claim form provided by the insurer.
- Valid Driving License: A valid driving license is essential for processing the bike insurance claim.
- Valid R.C.: Keep a copy of your bike's Registration Certificate (R.C.).
- Original Repair Bill, Proof of Release, and Cash Receipt: These documents are necessary for reimbursement or cashless claim process under your bike insurance policy.
How to Raise ICICI Lombard Bike Insurance Claim?
If you want to raise cashless claims in your ICICI Lombard bike insurance, follow the below procedure:
- Step 1: Inform the Company
Immediately inform the insurance provider, such as Policybazaar Insurance Brokers Private Limited, about the accident. Provide detailed accident information and witness details if available. - Step 2: Lodge an FIR
In case of any fatal injuries or death, seek medical help from the locals. Afterwards, file an FIR at the nearest police station. - Step 3: Download & Fill Claim Form
Download, fill out, and sign the claim form and submit it online along with the required documents. The claim assistance team will call to confirm the claim initiation. - Step 4: Surveyor Inspection
The insurance company will send a surveyor to assess the damages or loss incurred to the damaged bike and create an assessment report accordingly. - Step 5: Send Bike for Repairs
Once your bike is surveyed, the insurance company will ask you to send it to the nearest authorized network garage for repairs. - Step 6: Claim Settlement
Once the repairs are done, you will be informed of your liability. Policybazaar.com then directly pays the remaining amount to the authorized network garage.
What are the Common Reasons for Bike Insurance Claim Rejection?
Here are some of the common reasons for the bike insurance claim rejection by the bike insurance company:
- Act of Negligence
- Driving without a Valid Driving License
- Misinterpretation of Facts or Information Related to the Incident
- Driving under the Influence of Drugs or Alcohol
- Fraudulent Claims
- Incorrect Coverage Amount
- Malfunctions of the Bike's Part
- Lack of Necessary Details
- Delay in Notifying the Insurer
Conclusion
Understanding the ICICI Lombard bike insurance claim process is crucial for a seamless experience during unforeseen events. By following the outlined Steps in the above page, providing accurate documentation, and complying with safety regulations, you can easily make the bike insurance claim process successful.
^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.
^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.
#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.
*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)
#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.
*Rs 457/- per annum is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in