ICICI Lombard Car Insurance - what is covered and how much

Everyone who owns a car must have it insured, irrespective of the purpose it is used for. In fact, whether a car is used for personal commuting or commercial to-and-fro transportation within a city or between multiple cities, the owner must have it insured. Car insurance keeps you on the safe side in the case of unpredictable events, i.e. accidental damages, fire, loss, natural disasters and more.

ICICI Lombard Car Insurance assures you about almost every disastrous event causing loss or damage to your car. All you need to do is give them a call and they are available to help you out. ICICI car insurance offers you Road Side Assistance anywhere and anytime. The following are the services offered:

·         Quick arrangement for Flat Type Change

·         Spare key arrangement

·         On-the-go technician for minor fixes

·         Rental vehicle arrangement (cost to be borne by insured)

·         Arrangement of accommodation

·         Vehicle towing to a nearby garage

·         Fuel supply (free up to 50 KM from the spot of breakdown)

ICICI car insurance facilitates Garage Cash Cover, which entitles you to receive daily allowances.

What is covered?

This car insurance covers a wide range of incidents, including natural calamities causing any loss to damage to your car. Additional coverage is for factors like fire, earthquake, cyclone, explosion, flood, typhoon, landslide, rockslide and the like.

·         Natural Calamities causing Loss or Damage

Loss or damage caused to your car due to a natural disastrous event like fire, earthquake, cyclone, explosion, flood, typhoon, landslide, rockslide and the like is covered.

·         Man-made Calamities causing Loss or Damage

Loss or damage caused to your vehicle due to a man-made disastrous event like accidents terrorist activities, riots, road accident because of external factors, theft, strike, burglary and the like.

·         Coverage for Personal Accident

In the case of an accident of the individual driver while driving or mounting/dismounting from the car, this plan provides the coverage of Rs. 2, 00,000. An option for the co-driver is also available.

·         Third Party Coverage

Accidental damages resulting in death, permanent disability of a person, and to the surroundings are also covered by the policy.

Sum Insured

The fixed insured value of a vehicle is termed as IDV (i.e. Insured’s Declared Value).

The initial listed price of the vehicle (including the listed accessories) as per the manufacturer’s record is the base on which the IDV value is calculated. The new IDV value of a vehicle is depreciated by a certain percent every year as per Indian Motor Tariff.

Note: The IDV value of a vehicle requires including (post depreciation) the price of electric or electronic item (if any) installed in the vehicle, in case not already added to the manufacturer’s actual listed price.

As per ICICI Lombard Car Insurance, for each vehicle having a bi-fuel system (i.e. integrated LPG/CNG kit), RTO permission is mandatory and must be insured separately at a fixed premium of 4% of the actual value of the kit. Also, the proposal form must have a separate declaration of the kit.Get Car insurance Quotes Now,