Articles

ICICI Lombard Car Insurance- Reviews, Renewal & Premium Details

by Car Insurance Compare or Buy Car Insurance Online

A 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.

About Car Insurance Freshman   Compare or Buy Car Insurance Online

3 connections, 0 recommendations, 24 honor points.
Joined APSense since, May 20th, 2016, From Gurgaon, India.

Created on Mar 6th 2017 23:27. Viewed 74 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.