ICICI Lombard Car Insurance- Reviews, Renewal & Premium Details
by Car Insurance Compare or Buy Car Insurance OnlineA Brief Overview
If you own a two – wheeler or a four – wheeler in India, the Motor
Vehicles Act, 1988 makes it mandatory for you to have the vehicle covered under
a car insurance plan. In any case, it is in your best interest to get a good
car insurance, because it will safeguard you against damage, theft or loss
caused to a third party.
ICICI Lombard Car Insurance is provided by ICICI Lombard, a joint
venture between ICICI Bank Ltd. and Fairfax Financial Holdings Ltd. ICICI Lombard enjoys the lion’s share of the
insurance market in India.
The Policy At A Glance
Is there any bonus on no claim? |
Yes |
What is the Limit of Personal Accident Insurance |
Up to 1 lakh |
Is there option for third party coverage |
Yes; in such policies, you may claim damages on behalf of any third
party who you have been in an accident with |
Maximum Amount of Accidental Insurance Benefit |
Rs. 2 lakhs |
ICICI Lombard car insurance claim
settlement ratio |
|
Why Should You Buy ICICI Lombard Car
Insurance for Your Vehicle
ICICI Lombard car insurance policies cover all sorts of damage or loss
caused by natural disasters including explosion, flood, storms, earthquake,
fire, landslide and so on. Moreover, damage caused by man- made sources like
vandalism, acts of terrorism, theft, damage in transit are also covered. The
car insurance mandates a personal accident coverage for the owner as well as
the driver of the car. The ICICI Lombard car
insurance reviews are highly appreciative of the fact that you may also opt
for additional coverages for the other passengers, and also that the car
insurance from ICICI Lombard also has options of third – party compensation
packages that are paid to the third party in case of an accident.
Salient Features and Benefits of ICICI
Lombard Car Insurance
●
Faster
disposal of claims and settlements thereof
●
Roadside
assistance to the car covered under the policy
●
Facility
of cashless settlement of claims
●
Provision
of daily allowance for the period when the car remains in garage
●
Provision
of no claim bonus (NCB), even in cases where the original policy renewed under
ICICI Lombard was taken from other service providers
●
Towing
facility in case of an accident or breakdown
●
Inspection
facilities at your doorstep when a burglary or break – in is reported.
●
Discount
of 5% on the policy for members of registered automobile associations.
Who is Eligible For Coverage Under
ICICI Lombard Car Insurance
If you are planning to buy a new car insurance, you can simply put
through a call to the company helpline and speak to a sales representative for
the best quotes on ICICI Lombard car insurance. All you need to do is to
communicate certain details about yourself and your car like the registration
details and also records of the previous insurances if any.
Who All Are Included in And Excluded
From ICICI Lombard Car Insurance Policies
The insurance policy covers all types and makes of two and four wheelers
(private ownership only). The assistance is provided for damages incurred or
losses caused to any third–party and does not include the cost of damaged car –
parts, fuel costs or taxi fare to your destination from the spot where the car
has met with an accident.
What are the Documents Required For
Claiming Damage under ICICI Lombard Insurance
Like every insurance company, ICICI Lombard also requires certain
mandatory documents and paperwork for placing a claim. The documents are
different for different cases of the claim. Details of documentation are
available in the policy document where you will get the ICICI Lombard car insurance policy number. A duly filled in and
signed claims form is needed for every type of claim.
You may like to read : Which is the best car insurance company in India?
What is the Procedure For Claiming
Damage Under ICICI Lombard Insurance
If there has been any mishap with your car, don’t work yourself up. Just
note down the registration number of the other vehicle if there has been an
accident. Also get some contact numbers of witnesses present. The next step is
to call the ICICI car insurance toll
free number and inform the executive about the accident. You will be provided
with a reference number that you need to retain. You will also get to know the
list of authorised garages and also the documents that you will need to submit.
If there has been a major accident or theft, a FIR with the local police
station is a must.
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Created on Dec 31st 1969 18:00. Viewed 0 times.