ICICI Lombard car insurance is one of the most preferred car insurance plans among policyholders. The policy is offered by ICICI Lombard General Insurance Company Limited, which is a joint venture between ICICI Bank and Fairfax Financial Holdings. The insurer holds a gross written premium of Rs. 135.92 billion for FY 2020. The company offers private car package policy, standalone own damage car insurance and third party car insurance under the motor insurance banner. In addition, ICICI Lombard has 1 dedicated garage per 14 customers, features instant motor claims through the mobile application and 24x7 customer support along with call centre and chat.
| Key Features | Benefits |
|---|---|
ICICI Lombard Insurance cover protects your vehicle against:
Provides adequate financial protection in case of Permanent Total Disability (PTD), death and cost of hospitalization due to a personal car accident
In order to supplement the insurance coverage offered by the basic car insurance policy, ICICI Lombard offers various different types of add-on features at additional premium. Below are listed few:
Car is a depreciating asset. The value of its parts decreases or depreciates with time. Zero Dep. cover, also known as bumper-to-bumper insurance, saves you from such deductions at the time of claim.
In the time of an unfortunate breakdown or an accident, this cover helps you with emergency services like towing to network garage, battery jump-start, mechanic assistance, pick-up/taxi benefits and more.
Engine cover helps you pay for the repair/replacement of a damaged engine caused due to flooding or any other external factors. It is also a handy cover if you own a high end car.
While your car is being repaired at the garage, this cover helps you with the daily allowance to travel and pay for the cab or auto fare.
Consumables cover helps you pay for the repair or replacement of nuts, bolts, screws, brake fluids, engine oil, lubricants, grease and more.
Car owners who have got their vehicles registered under their respective names with the Regional Transport Authority in India are eligible for purchasing ICICI Lombard Car Insurance.
ICICI Lombard car insurance offers specific discounts that can significantly trim your premiums.
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While ICICI Lombard Car insurance policy is designed to provide adequate coverage against any ill-fated eventualities, there are certain scenarios that are excluded from the coverage. Below are listed few:
Backed by a strong brand like ICICI, ICICI Lombard General Insurance is one of the market leaders in the insurance segment. With quick and reliable customer service clubbed with convenient and easy claims processing, the company surely deserves to be in the top 3 list. The car insurance plan offered is very comprehensive and when supplemented with appropriate add-on features can definitely secure your financial future in case of any unfortunate mishap ensuring a complete peace of mind.
ICICI Lombard Insurance protects your vehicle against:
To claim ICICI Lombard car insurance, you can follow the steps mentioned below:
There are certain things that are excluded from the coverage. Have a look:
Some of the well-known car insurance companies in India are Digit car insurance, New India Assurance, IFFCO-TOKIO car insurance, and United India car insurance.
ICICI Lombard offers add-on features at an additional premium. Have a look at the following:
An endorsement is a document that comprises of the alteration(s) in the car insurance policy, as mutually agreed upon by the insurer and the policyholder. It serves as a written proof of the changes made in the policy terms and conditions.
Roadside Assistance cover (RSA) offers policyholders certain benefits when the insured car is stranded due to reasons like a breakdown, accident, etc. On being contacted, the insurer will arrange for services such as vehicle towing, repairing of flat tyres and car parts, arranging for fuel, etc. as per the policy terms.
The following are the benefits offered by ICICI Lombard Car Insurance:
Yes, you can renew your ICICI Lombard car insurance online through their official website. The renewal can be done 60 days before the date of expiry of the existing policy. In case your ICICI Lombard car insurance policy has already expired, the insurer will assign a professional surveyor to inspect your vehicle. The policy is renewed only after a thorough examination of the insured car, and verification of the necessary documents.
