ICICI Lombard Car Insurance
ICICI Lombard car insurance policy provides legal and financial coverage to the insured car if it meets with an unforeseen incident on the road.
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About ICICI Lombard General Insurance Company
ICICI Lombard General Insurance Company is a joint venture between ICICI Bank and Fairfax Financial Holdings Limited, a Toronto-based financial services company. This insurance provider operates in various sectors, offering general insurance, reinsurance, and claims management services. Motor insurance is one of the critical areas in which they specialise.
Recognised for its customer-centric approach and innovative insurance solutions, ICICI Lombard also places significant emphasis on the welfare of communities. This insurance company is also actively involved in health, road safety, disaster support initiatives, and other areas.
Benefits of ICICI Lombard Car Insurance
By purchasing ICICI vehicle insurance, a policyholder can avail of the following benefits:
- Policyholders can avail of cashless repairs in 5900+ network garages in India.
- The insurance company offers a quick, easy and hassle-free purchase process.
- The claim process for car policy is also easy and fast as it can be done via the website, app and call centre.
Types of ICICI Lombard Car Insurance Policy
The insurance company offers three types of car insurance policies to car owners. These include:
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ICICI Lombard Third-Party Insurance
Under the third-party car insurance, coverage is offered against accidental third-party liabilities arising from the insured vehicle. This policy covers death, injury or property damage of the third person.
The compensation offered in case of death or disability is unlimited (as decided by the Motor Claims Tribunal), while for property damages, it's limited to Rs. 7.5 Lakh.
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ICICI Lombard Standalone Own Damage Insurance
An ICICI own damage car insurance compensates a policyholder if their car sustains damages or losses due to an unanticipated emergency. These include damages from fire, theft, natural calamities, road accidents or manmade acts.
A SOAD car insurance can be purchased by policyholders who already have an existing third-party plan and want to cover their car from own damages as well.
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ICICI Lombard Comprehensive Insurance
ICICI Lombard comprehensive car insurance covers third-party damages and own damages sustained by the insured car. Damages caused by road accidents, theft, fire, strikes, riots, earthquakes, etc., along with third-party damages, are covered under this car policy.
Furthermore, an ICICI comprehensive car insurance policy can also be enhanced by purchasing add-ons at an extra premium.
ICICI Lombard Car Insurance Premium Calculator
An ICICI Lombard car insurance premium calculator can be used to get an estimated premium of car insurance before purchasing a policy.
ICICI Lombard Car Insurance: Add-Ons
Engine Protect
An Engine Protect cover compensates for repairing or replacing a car’s damaged engine.
If your vehicle’s engine or its parts, such as the gearbox, crankshaft, etc., are damaged due to water logging, this add-on can come in handy.
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Zero Depreciation Cover
A zero dep or nil depreciation cover allows the policyholder to get compensated even for the depreciation sustained by the insured car. This depreciation is not usually covered in a standard policy.
However, by buying a zero dep cover, you can cover this depreciation as well.
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Consumables Protect
A Consumables Protect add-on provides coverage for the repair or replacement of consumables of the insured car that got damaged due to an accident.
Consumables include nuts and bolts, screws, washers, grease, oil filter, etc.
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NCB Protect
The No Claim Bonus received under a motor insurance policy gets nullified if a policyholder makes a claim during the policy tenure.
Thus, to protect your NCB from becoming zero, an NCB Protect add-on can be purchased at an additional cost.
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Return to Invoice
By purchasing a Return to invoice add-on, a policyholder can receive the car's invoice value at the time of total loss or theft.
Moreover, the insurer compensates the insurer for the road tax and registration charges during the settlement of the car insurance claim.
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Key Protect
A Key Protect add-on offers you compensation for the repair or replacement of car keys
and locks at the time of theft/burglary/loss or damage to the keys of the insured vehicle.
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Roadside Assistance Add-on
A roadside assistance cover helps policyholders repair their car in case it breaks down on the road.
The insurer offers services like towing of cars, supply of fuel, arrangement of keys, and battery jumpstart.
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Tyre Protect
Damages to a car’s tyres are usually not covered in a standard car insurance policy.
By opting for the Tyre Protect add-on, you can get compensated for the repair or replacement of your car’s tyres damaged due to an unprecedented accident.
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View more Add-ons
How to Renew ICICI Lombard Car Insurance?
Follow these steps for ICICI Lombard car insurance renewal from Policybazaar.com:
- Visit Policybazaar.com and choose "Car Insurance" from the homepage.
- For insurance renewal, Enter your car number in the provided form.
- Provide the details of your car, including RTO, make, model, variant, and registration year, on the subsequent pages.
- Select the ICICI Lombard car insurance from the mentioned list of plans
- Choose any desired add-ons to include in your plan
- Once you have decided on the plan and add-on selections, proceed with the premium payment
- Use the online payment mode to pay the premium amount securely.
- After completing the premium payment, your ICICI Lombard policy renewal will be complete. You will receive your car policy papers in your email ID.
How to File a Claim Under ICICI Lombard Car Insurance?
Follow these steps to file an ICICI car insurance claim:
1
Inform the Insurer:
Firstly, inform the insurance company about the damages sustained by the insured car within the next 48 hours.
2
Damage Assessment:
A surveyor will be sent to assess the damage sustained by the insured vehicle
3
Submit Documents:
Submit the required documents to the surveyor for claim verification.
4
Claim Settlement:
The insured car will now be sent to the ICICI-authorised network garage for repairs. Once the vehicle has been repaired, the insurer will directly settle the claim with the garage. In reimbursement claims, the claim amount will be reimbursed to you once the repairs are complete.
Documents Required to Raise a Claim Under ICICI Lombard Car Insurance
Following are the documents needed to raise an ICICI Lombard car insurance claim:
- Duly filled and signed claim form
- KYC documents
- Copy of motor insurance policy
- Copy of vehicle RC
- Bills of repair
- Estimates of repair
- Copy of Police FIR
- Licence copy of the driver driving the vehicle during the accident
