ICICI Lombard Bike Insurance Claim

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 for bike insurance.

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.