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.

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What is Bike Insurance Claim Settlement?

A bike insurance policy 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 policy, 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.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 27 Reviews)

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ICICI Lombard Bike Insurance Claim Reviews & Ratings

4.3 / 5 (Based on 27 Reviews)
(Showing Newest 10 reviews)
Jayant
Faridabad, July 25, 2016
Nice Policy
I purchase a new bike and for that i buy a icici two wheeler insurance plan. The insurance is very nice and easy to renew on website portal. The tow service is free of cost. Garages are many and service is fantastic. Except tires and fiber parts the whole bike is secure.
Manoj
Patoda, July 08, 2016
Two Wheeler Insurance
The two wheeler insurance policy of my vehicle is fantastic. It has low premiums and the returns are high. The tow facility is free, and provided at any location. Service is awesome and good work done by members of the company. Online service is easy to use.
Gautam
Bhopal, June 25, 2016
Good Work
My two wheeler insurance plan is good and it come's in low premium. The policy has secure my whole vehicle except tires and fiber parts. Policy claims are high and easy to sanction due to fast service facilitate by the executives. Tow service is at any location but it may charge for that.
Sunil
Korba, June 05, 2016
bike insurance
Plz help me
Amrit
Delhi, May 21, 2016
cashless compersive two wheeler policy
I need cash less policy for my two wheeler
Amar
Bangalore, May 20, 2016
Insurances
Need to renewal two wheeler insurance
Zara
Bangalore, April 29, 2016
Best Services
premium is high but services matter. And better IDV compare to competitors. It was ease to pay online
Kshitij
Panipat, March 15, 2016
Marvelous
ICICI Lombard General Insurance is the finest insurer that's why i buy the two wheeler insurance policy plan from them. The policy coverage is high and the claims are even better. Whole bike is insure in the policy and the claiming amount is about one lakh forty thousand rupees. Good number of garages are providing service to the customers for better and fast recovery.
Arindam
Meerut, March 15, 2016
"Damn Good"
I have insurance for my two wheeler with icici lombard general insurance. Policy coverage is good but the premiums are little bit high. Claims are high and the amount is approx. Rs.1 L. Large number of garages are providing fast services and the recovery is so quick no long waiting.
Kumar
Chattarpur, March 15, 2016
Excellent Policy
Great two wheeler insurance policy plan which i buy from icici lombard general insurance. Large amount of garages are present in the city for on time service. Policy provide good claims which includes whole vehicle recovery. Service is the best provided by the executives and the staff members.

^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 (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis