ICICI Lombard is one of the largest private General Insurance companies in India offering insurance coverage for motor, health, travel, home, student travel & more. The company is a trusted partner to millions of policyholders across India.
When it comes to car insurance, ICICI Lombard is a popular choice among car owners in India. ICICI Lombard Car Insurance policy provides comprehensive coverage for vehicles, ensuring that car owners are protected against a range of risks.
The policy covers damages caused by accidents, theft, natural calamities, and other unforeseen events. It is an ideal choice for individuals who want to safeguard their vehicles and their finances.
The policy also provides personal accident cover for the owner-driver, ensuring that they are covered in case of an unfortunate accident.
Here are some of the key features and benefits of ICICI Lombard's car insurance policy:
Here are some of the add-ons available for ICICI Lombard's car insurance policy:
Knowing how to file a claim is important for all car owners. Here is why:
The typical steps in the car insurance reimbursement claim are as follows:
Documents required for a cashless claim are listed below:
Registration certificate of the vehicle
Driving license of the driver
Estimate of the repair costs
Documents required for a reimbursement claim are:
Any other relevant documentation
There can be several potential reasons why a car insurance claim with ICICI Lombard can be rejected. Some of these reasons may include:
Failure to provide accurate and complete information about the incident leading to the claim
The policy not being active or valid at the time of the incident
The type of damage not covered under the policy
The car owner not adhering to the terms and conditions of the policy
Inadequate or insufficient documentation to support the claim.
ICICI Lombard offers a no-claim bonus (NCB) to policyholders who do not make any claims during the policy period.
The NCB can be availed as a discount on the policy premium at the time of renewal.
The discount percentage varies depending on the number of claim-free years, with higher discounts for a longer claim-free period.
Policyholders can also transfer their NCB to another insurer if they switch their policy.
To be eligible for NCB, the policy must be active, and no claims should have been made during the policy period. The payout-related details vary depending on the type and duration of the policy.
A car insurance premium calculator is an online tool that helps policyholders calculate the premium for their car insurance policy. ICICI Lombard offers a car insurance premium calculator on its website, which can be used to calculate the premium for their car insurance policy easily and accurately.
The premium calculator takes into account several factors such as the make and model of the car, the age of the car, the engine capacity, and the location of the policyholder, among others.
To use the ICICI Lombard car insurance premium calculator, the policyholders must enter their car's make and model, the year of purchase, and the registration details. The premium calculator then uses this information to provide an estimate of the policy premium.
Policyholders can also customize their policy by selecting the type of coverage they require and any add-ons that they may want to include in their policy. The premium calculator will adjust the premium amount accordingly.
Here are some of the benefits of using a car insurance premium calculator:
Get an estimate of the policy premium: It enables policyholders to get an estimate of the premium they will have to pay for their car insurance policy
Customize the policy based on needs and budget: Policyholders can also adjust the coverage and add-ons to see how these additional features impact the premium amount
Compare policies easily: It helps policyholders compare policies and select the one that suits their needs
Saves time: It eliminates the need to visit an ICICI Lombard branch or speak to an agent to get a quote.
Convenient - available 24/7: The premium calculator is also available 24/7, making it convenient for policyholders to use it at any time that suits them
Here are the contact details for ICICI Lombard Car Insurance:
Customer Care Number: 1800 2666
The ICICI Lombard Car Insurance Policy document is a vital document that captures all the essential details related to the policy. It serves as proof of insurance coverage and is necessary in case of any claim.
The policy document captures information related to the policyholder, vehicle, coverage, premium paid amount, and add-ons opted for. It also includes the terms and conditions of the policy, the deductible amount, and the period of insurance coverage.
It is essential to go through the policy document thoroughly to understand the coverage offered and the terms and conditions. It is recommended to keep the policy document safe and carry a copy of it in the vehicle at all times.
In case of any doubt or discrepancy, the policy document should be referred to for clarification. Therefore, the policy document is crucial and should be carefully preserved.
ICICI Lombard makes it easy for policyholders to download their car insurance policies from the company website using their policy numbers. Here are the steps to follow:
The policyholder needs to check the policy document for accuracy and completeness. If there are any errors or discrepancies, they should get in touch with ICICI Lombard customer support immediately.
ICICI Lombard allows policyholders to make changes to their car insurance policy document to reflect any updates or modifications such as adding or deleting add-ons, changing the coverage amount, updating the policyholder details, and more.
The following steps are to be followed to make changes in the ICICI Lombard car insurance policy document:
It is important to make sure that all changes in the policy document are accurate and complete to ensure proper coverage and hassle-free reimbursement, in case of any claim.
Renewing a car insurance policy is crucial to ensure that the policyholder continues to have uninterrupted coverage against any unforeseen damages or losses. ICICI Lombard offers a hassle-free process for renewing car insurance policies online.
The timeline for renewal of the ICICI Lombard car insurance policy is usually one year from the date of purchase. It is advisable to renew the policy before it expires to avoid any break in coverage.
Renewing the policy also makes the policyholder eligible for the No Claim Bonus, which is a discount on the premium payable for every claim-free year.
To renew your ICICI Lombard car insurance policy, follow these simple steps:
Renewing an ICICI Lombard car insurance policy online is convenient and saves time. It also ensures that you have continued coverage against any damages or losses, thereby ensuring peace of mind.
There is an additional type of car insurance policy called third-party car insurance. It is a type of insurance policy that covers the policyholder against any financial liability due to damages or injuries caused to a third party.
In the event of an accident, the policyholder may be held liable to pay for any damages or injuries caused to the third party. The third-party car insurance policy ensures that the policyholder is financially protected in such situations. It is mandatory by law to have third-party car insurance in India for all registered vehicles.
ICICI Lombard offers third-party car insurance policies that provide comprehensive coverage against damages or injuries caused to third parties. The premium for third-party car insurance policies is lower than comprehensive insurance policies as the coverage is limited.
However, it is important to note that third-party car insurance policies do not cover damages to the policyholder's vehicle or injuries sustained by the policyholder in case of an accident.
Therefore, it is recommended that policyholders also consider taking a comprehensive insurance policy that provides more extensive coverage.
ICICI Lombard Third Party Car Insurance covers the following eventualities in case of damage or loss caused to third-party property or bodily injury or death of a third party due to an accident involving the insured car.
It is important to note that third-party car insurance does not cover any damages to the insured car or injury to the policyholder.
ICICI Lombard car insurance covers damages or loss to the insured car due to accidents, natural calamities, theft, fire, and other perils, as well as any third-party liabilities.
ICICI Lombard car insurance policy can be renewed online on their website or mobile app. You can also renew it offline by visiting any of their branches.
ICICI Lombard car insurance can be claimed by calling their toll-free number or by visiting their website and filling out the claims form.
Yes, as per the Motor Vehicles Act, it is mandatory to have a valid car insurance policy in India.
The validity period of ICICI Lombard car insurance policy is typically one year, after which it needs to be renewed.
Comprehensive car insurance covers damage or loss to the insured car as well as third-party liabilities, while third-party car insurance only covers third-party liabilities.
Yes, one can cancel an ICICI Lombard car insurance policy by contacting customer care and providing the necessary details.
Yes, the ICICI Lombard car insurance policy can be transferred to the new owner of the car.
ICICI Lombard’s car insurance premium calculator available on the company website can be used to calculate premiums based on your car’s make and model, age, location, and other factors.
ICICI Lombard offers a range of add-ons with their car insurance policy, including zero depreciation, engine protection, roadside assistance, and more.
This depends on the complexity of the claim and the required documentation. However, they strive to settle all claims within a reasonable timeframe.
These may vary depending on the nature of the claim, but typically include a copy of the insurance policy, FIR or police report of the accident, and other relevant documents.