ICICI Lombard Own-Damage Bike Insurance Policy

ICICI Lombard own-damage bike insurance policy, also known as a standalone own-damage bike insurance policy, offers protection against several unforeseen risks to the insured two-wheeler. It gives coverage against fire explosions, theft, natural calamities, man-made disasters, etc. Read ahead to learn about the standalone own-damage two-wheeler insurance policy by ICICI Lombard General Insurance Company Limited.

Read more
Insure bike in 60 seconds
1.1 Crore+ Bikes Insured
Get Two Wheeler Insurance starting at only ₹1.3/day*
Enter bike number (e.g DL1SB1234)
Processing

Explore Two Wheeler Insurance
Bike Insurance
Bike Insurance Companies
e-Bike Insurance

ICICI Lombard Own-Damage Bike Insurance Policy & Key Features

Here is the table highlighting the key features of the ICICI Lombard own-damage bike policy:

Categories Key Features
Policy Coverage
  • Protection against damage or loss to your own bike due to accidents and collisions.
  • Coverage for theft of your insured bike.
  • Financial coverage for damages caused by natural calamities like earthquakes, floods, cyclones, etc.
  • Protection against man-made perils such as theft, vandalism, riots, etc.
Own-Damage Bike Insurance Premium
  • Competitive and affordable premium rates so that it suits various requirements & budgets.
  • Optional covers are available to enhance the policy coverage by paying a little extra premium.
  • Mandatory Personal Accident (PA) cover for the two-wheeler owner.
Convenience
  • Get policy issuance with zero paperwork.
  • The seamless claim process is assisted by network garages available in PAN India.
  • Hassle-free online purchase and bike insurance renewal process.

*Disclaimer: The above table is for reference purposes only. To know the exact coverage, refer to the ICICI Lombard standalone own-damage two-wheeler insurance policy wordings.

Why Choose ICICI Lombard Own-Damage Bike Insurance?

ICICI Lombard's own-damage bike insurance provides comprehensive coverage for your beloved two-wheeler, offering financial protection against a wide array of risks such as theft, accidents, natural calamities, and more. However, it is a type of two-wheeler insurance plan, which can be purchased as a mandatory third-party bike insurance.

Here are a few reasons to buy ICICI Lombard own-damage bike insurance:

  • Trusted Brand: ICICI Lombard General Insurance Company Limited is India's leading general insurance company, offering reliability and customer satisfaction.
  • Comprehensive Coverage: Beyond mandatory ICICI Lombard third-party bike insurance coverage, own-damage bike insurance safeguards your own vehicle against multiple risks, such as accidents, providing peace of mind.
  • Customizable Options: The ICICI Lombard own-damage bike insurance policy offers various add-ons to enhance coverage according to your specific needs and preferences.

Inclusions of ICICI Lombard Own-Damage Bike Insurance

Below are the inclusions of ICICI Lombard's own-damage bike insurance policy:

  • Coverage for own bike damage due to accidents, natural calamities, and man-made disasters.
  • Coverage for own bike damage caused by fire, explosion, or self-ignition.
  • Coverage for the loss caused due to theft or burglary.

Exclusions of ICICI Lombard Own-Damage Bike Insurance

Below are the exclusions of ICICI Lombard's own-damage bike insurance policy:

  • Damage or loss due to normal wear and tear.
  • Loss or damage arising from illegal or deliberate acts.
  • Loss or damage due to contractual liability.
  • Loss or damage caused to third parties in a road accident.
  • Any damage or loss not explicitly covered under the policy terms.

How to Buy ICICI Lombard Own-Damage Bike Insurance Online?

To buy ICICI Lombard own-damage bike insurance online, follow the below steps:

  • Step 1: Visit Policybazaar.com and select 'Insurance Products' from the top navigation menu.
  • Step 2: Choose 'Own-Damage Bike Insurance' from the drop-down menu.
  • Step 3: Enter your bike details and click 'View Prices'.
  • Step 4: Select ICICI Lombard Own-Damage Bike Insurance
  • Step 5: Fill in all the necessary details.
  • Step 6: Pay the premium amount online to receive your ICICI own-damage bike insurance policy at your registered email ID.

How to Raise ICICI Lombard Own-Damage Bike Insurance Claims?

Here are the steps to be followed to raise ICICI Lombard own-damage bike insurance claims:

  • Step 1: Inform the insurer at the earliest about the incident.
  • Step 2: You can download the claim form, fill in, sign it, and submit it along with the relevant documents.
  • Step 3: Upon receiving the claim request, the insurer will send a surveyor to assess the damages.
  • Step 4: The surveyor will examine the damages, compile an assessment report, and send it to the insurer.
  • Step 5: Depending upon the assessment report, the insurer will accept or reject the claim request.
  • Step 6: Once the insurer approves the claim request, send the damaged vehicle to the cashless network garage for repair, and the insurer will settle the bills directly. If you choose to send it to any nearby garage for repairs, pay the bills on your own and later, the insurer will reimburse the claim amount to your bank account.

Documents Required for ICICI Lombard Own-Damage Bike Insurance Claim

To raise ICICI Lombard own-damage bike insurance claims, you must have the following documents:

  • FIR copy (if applicable)
  • Driver's License (DL) of the insured rider
  • Registration Certificate (RC) of the bike
  • Valid own-damage bike insurance policy
  • Duly filled and signed claim form
  • Additional documents as requested by the insurer (e.g., repair bills, police reports)

FAQs About ICICI Lombard Own-Damage Bike Insurance Policy

  • Q1. What is ICICI Lombard’s own-damage policy?

    Ans: ICICI Lombard’s own-damage bike policy is a separate cover that protects your insured bike against the damages caused by accidents, fire, natural calamities, man-made disasters, etc.
  • Q2. What is covered in your own-damage insurance for the bike?

    Ans: As the name suggests, the own-damage insurance for a bike covers the damages or loss caused to the motorcycle against several risks.
  • Q3. Is ICICI Lombard own-damage insurance costly?

    Ans: No, ICICI Lombard own-damage bike insurance policy is available at a competitive premium rates, making it affordable for bike owners.
  • Q4. Am I eligible for a No Claim Bonus (NCB) on my ICICI Lombard own-damage bike insurance?

    Ans: Yes, you can avail of NCB benefits upon renewal if no claims were made during the policy period.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 27 Reviews)

Two Wheeler insurance articles

Recent Articles
Popular Articles
PUC Certificate Test Costs in Delhi May Rise Due to Inflation

20 Jun 2024

According to the Transport Department, all the vehicle owners in
Read more
Common Problems Faced by Bike Owners and Their Solutions

10 Jun 2024

As a motorcycle owner, you might face various problems that
Read more
10 Best Bikes for Long Rides in India 2024

07 May 2024

Are you the one who want to cruise through the winding roads of
Read more
MCWG Driving License in India

01 May 2024

To regulate and ensure safe operation, every motorbike owner in
Read more
9 Tips to Maintain Your Bike's Engine

22 Apr 2024

Since the engine is your bike's heart, it is essential to keep
Read more
Three Easy Ways to Check Bike Insurance Expiry Date Online
As significant as it is to buy a bike insurance policy for your motorbike, it is equally important to renew it
Read more
Vehicle Owner Details by Registration Number
Vehicle owner details can come in handy in various situations, such as road accidents, cases of reckless driving
Read more
How to Check Bike Owner Details by Registration Number?
In a world full of different types of two-wheelers, each one has its unique identity enclosed in its registration
Read more
10 Best Bikes for Long Rides in India 2024
Are you the one who want to cruise through the winding roads of the Himalayas or explore the beautiful coastline
Read more
How to Get Bike Insurance Details by Registration Number?
According to the IRDA, all bike owners must hold at least a third-party bike insurance policy in India. The bike
Read more

ICICI Lombard Own-Damage Bike Insurance Policy 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