ICICI Lombard Car Insurance

ICICI Lombard Car Insurance Overview

The ICICI Lombard Car Insurance Plan is one of the most popular among policyholders. ICICI Lombard General Insurance Company Limited, a joint venture between ICICI Bank and Fairfax Financial Holdings, is offering the coverage.

For FY 2020, the insurance has a gross written premium of ₹. 135.92 billion. Under the motor insurance umbrella, the company offers private automobile package coverage, standalone own-damage car insurance, and third-party car insurance. ICICI Lombard also has one dedicated garage for every 14 customers, offers rapid vehicle claims via the mobile app, and provides 24×7 customer service via call center and chat.

Among policyholders, the ICICI Lombard auto insurance plan is one of the most popular. The coverage is provided by ICICI Lombard General Insurance Company Limited, a joint venture between ICICI Bank and Fairfax Financial Holdings. The insurance has a gross written premium of ₹. 135.92 billion for FY 2020.

The company offers private automobile package coverage, freestanding own-damage car insurance, and third-party car insurance under the motor insurance umbrella. ICICI Lombard also has a dedicated garage for every 14 customers, allows quick vehicle claims via the mobile app, and offers customer service via call center and chat 24 hours a day, seven days a week. 

List of best Car Insurance Products from ICICI Lombard car insurance 

ICICI Lombard offers numerous sorts of add-on features for an additional charge to complement the insurance coverage provided by the basic automobile insurance policy. Here are a few examples: 

  • Coverage for zero depreciation: A car is an asset that depreciates over time. The value of its components depreciates over time. Zero Dep. Insurance, also known as bumper-to-bumper insurance, protects you from such deductions during the claim process. 
  • Cash cover in the garage: This protection assists you with the daily allowance to travel and pay for cab or auto fare while your automobile is being repaired at the garage. 
  • Emergency Roadside Assistance: This cover assists you with emergency services like towing to a network garage, battery jump-start, mechanic assistance, pick-up/taxi perks, and more in the event of an untimely breakdown or accident. 
  • Cover for the engine. Engine cover assists you in covering the cost of repairing or replacing a damaged engine caused by flooding or other external factors. If you possess a high-end vehicle, it’s also a useful cover. 

Third Party Personal Liability Covers you against

Legal responsibility for a third-irreversible party’s disability and/or death Damage to a third party’s property can result in legal liability. Legal liability for a third-permanent party’s impairment and/or death Damage to the property of a third party can result in legal action. 

Own Damage Cover

In the event of a collision, you may lose or damage your own vehicle. Natural (fire, earthquake, etc.) or man-made disasters that cause loss or harm (burglary or theft). 

Personal Accident

Provides suitable financial protection in the event of a personal car accident that results in Permanent Total Disability (PTD), death, or hospitalization costs. 

ICICI Lombard car insurance – Reviews

ICICI Lombard General Insurance is a market leader in the insurance category, backed by a strong brand like ICICI. The company deserves to be in the top three because of its rapid and dependable customer support, as well as its convenient and simple claims processing.

The auto insurance plan provided is highly extensive, and when complemented with the necessary add-on features, it can certainly guarantee your financial future in the event of an unforeseen catastrophe, giving you complete peace of mind. With a strong brand like ICICI, ICICI Lombard General Insurance is a market leader in the insurance category. Because of its quick and dependable customer service, as well as its straightforward and uncomplicated claims processing, the organization deserves to be in the top three.

The auto insurance plan offered is extremely comprehensive, and when combined with the essential add-on features, it may virtually secure your financial future in the event of an unanticipated disaster, providing you with complete peace of mind. 

Exclusions of ICICI Lombard car insurance

While the ICICI Lombard Car insurance policy is meant to give enough compensation in the case of a misfortune, there are some scenarios that are not covered. Here are a few examples: 

  • Mechanical failure 
  • Loss as a result 
  • Depreciation 
  • Any contractual duty for wear and tear 
  • Driving when inebriated 
  • Accidental loss on purpose 
  • Nuclear weapons and conflict have caused a lot of damage. 

ICICI Lombard Car Insurance- Contact Details

ICICI Lombard’s Helpline 1800-2666 can be used to report a claim. You must get your automobile repaired within the ICICI Lombard network in order to receive cashless service. If you want to get reimbursed for your expenses, you’ll have to get the automobile fixed, pay the bills, and then file a claim Contact for more information Contact number: 02248971018 – Email: [email protected] 

Documents Required For ICICI Lombard Car Insurance

ICICI Lombard Car Insurance is available to car owners who have registered their vehicles with the Regional Transport Authority in India under their names. 

ICICI Lombard car insurance: Some important terms  

Depreciation coverage: A automobile is an asset that depreciates over time. Over time, the value of its components depreciates. Zero Dep. Insurance, also known as bumper-to-bumper insurance, safeguards you against such deductions during the claims process. 

Cash cover in the garage: This coverage provides you with a daily amount to travel and pay for cab or auto fare while your car is being fixed. 

Emergency Roadside Assistance: In the case of an untimely breakdown or accident, this coverage provides you with emergency services such as towing to a network garage, battery jump-starting, mechanic assistance, pick-up/taxi rewards, and more. 

The engine’s cover: Engine protection helps you pay for the expense of repairing or replacing an engine that has been damaged by water or other external events. It’s also a helpful cover if you have a high-end vehicle. 

Benefits and features of ICICI Lombard Car Insurance Plans 

KEY FEATURES  BENEFITS 
Network Garages 9,700+ 
Claim Settlement Ratio 87.7% 
Add-on Covers Available 9 add-on covers 
No Claim Bonus Up to 50% 
Emergency Assistance Available 24×7 
Third-Party Cover Available 
Own Damage Cover Available 
Personal Accident Cover Available up to Rs. 15 Lakhs 

ICICI Lombard Car Insurance provides the following Advantages

On-the-spot breakdown assistance a bald tire Minor repairs are required. Jumpstarting the battery Keys that have been misplaced are replaced. After an accident or a breakdown, towing is required. Obtaining a leased vehicle When gasoline is needed, it is provided. After a car accident or a breakdown, you’ll need to stay somewhere. Relay of messages 

  • ICICI Lombard Car Insurance with add-On Covers
  • Add-on functions are available from ICICI Lombard for a fee. Take a look at these examples: 
  • Zero Depreciation Coverage: This add-on allows you to claim the full amount for the replacement of your car’s damaged parts. 
  • Cashless Garage: The policyholder can obtain compensation for the inconvenience caused while his or her car is being fixed with this add-on. 
  • Car insurance, often known as motor insurance or car insurance, is a type of insurance that covers your vehicle. It’s frequently done to keep your car or vehicle safe from unexpected or unintended dangers. It mostly protects you against losses that occur due to unavoidable circumstances. It enables you to obtain coverage for financial losses resulting from accidents, obligations, and, in some situations, theft.

  • The cost of car insurance is determined by a number of criteria, including the car’s worth, type of coverage, optional excess, and vehicle classification. Car insurance gives you the assurance that you can drive without fear. It serves as a life-saving toolset for the insurance holder in the event of an emergency.

  • The cost of car insurance is determined by a number of criteria, including the car’s worth, type of coverage, optional excess, and vehicle classification. Car insurance gives you the assurance that you can drive without fear. It takes action in the event of an emergency. 
  • Depreciation coverage: A automobile is an asset that depreciates over time. Over time, the value of its components depreciates. Zero Dep. Insurance, also known as bumper-to-bumper insurance, safeguards you against such deductions during the claims process. 
  • Cash cover in the garage: This coverage provides you with a daily amount to travel and pay for cab or auto fare while your car is being fixed. 
  • Emergency Roadside Assistance: In the case of an untimely breakdown or accident, this coverage provides you with emergency services such as towing to a network garage, battery jump-starting, mechanic assistance, pick-up/taxi rewards, and more. 
  • The engine’s cover. Engine protection helps you pay for the expense of repairing or replacing an engine that has been damaged by water or other external events. It’s also a helpful cover if you have a high-end vehicle. 

Discounts offered by ICICI Lombard car Insurance

  • ICICI Lombard vehicle insurance offers a variety of incentives that might help you save money on your rates. 
  • NCB discount: Available on own damage premiums based on the number of claim-free years in a row. 
  • Installing Anti-Theft Devices: Anti-theft devices that have been approved by ARAI are eligible for additional premium savings. 
  • Membership in the Automobile Association of India (AAI) earns you brownie points. 
  • Choosing Voluntary Deductions: The more you choose the Voluntary Excess, the lesser your premium will be. 

Claim process of ICICI Lombard car Insurance

  • ICICI Lombard’s Helpline 1800-2666 can be used to report a claim. 
  • You must get your automobile repaired within the ICICI Lombard network in order to receive cashless service. 
  • If you want to get reimbursed for your expenses, you’ll have to get the automobile fixed, pay the bills, and then file a claim. 

Note: Prior to the insurance company’s survey/inspection, do not begin any repairs to your vehicle. To report a claim, call ICICI Lombard’s Helpline at 1800-2666. 

  • To enjoy cashless service, you must have your vehicle fixed within the ICICI Lombard network. 
  • If you wish to be paid for your expenses, you must first get the car fixed, then pay the bills before filing a claim. 
  • Comprehensive auto insurance protects you against third-party/person/property responsibility as well as damages to your own vehicle (collision, theft, accident, and more). For an additional fee, you can get a variety of rider benefits including 0% depreciation, roadside assistance, personal accident coverage, and more. This is a 360-degree auto safety plan that is suitable for all car owners. 
  • A third-party car insurance policy only covers damages to a third party or their property (death, disability, injury, and so on). It does not include coverage for you or your vehicle. The Insurance Regulatory and Development Authority of India sets the rate for third-party car insurance, which is changed on a yearly basis. According to the Motor Car Act of 1988, third-party insurance is required for operating a vehicle in India. 

FAQ of ICICI Lombard car insurance

What is the type of coverage under ICICI Car Insurance? 

ICICI Lombard offers numerous sorts of add-on features for an additional charge to complement the insurance coverage provided by the basic automobile insurance policy. Here are a few examples: 

Coverage for zero depreciation: A car is an asset that depreciates over time. The value of its components depreciates over time. Zero Dep. Insurance, also known as bumper-to-bumper insurance, protects you from such deductions during the claim process. 

Cash cover in the garage: This protection assists you with the daily allowance to travel and pay for cab or auto fare while your automobile is being repaired at the garage. 

Emergency Roadside Assistance: This cover assists you with emergency services like towing to a network garage, battery jump-start, mechanic assistance, pick-up/taxi parks, and more in the event of an untimely breakdown or accident. 

Cover for the engine. Engine cover assists you in covering the cost of repairing or replacing a damaged engine caused by flooding or other external factors. If you possess a high-end vehicle, it’s also a useful cover. 

Third-Party Personal Liability covers you against: 

Legal responsibility for a third-irreversible party’s disability and/or death 
Damage to a third party’s property can result in legal liability. 

Own Damage Cover protects against the loss due to: 

In the event of a collision, you may lose or damage your own vehicle. 
Natural (fire, earthquake, etc.) or man-made disasters that cause loss or harm (burglary or theft). 

Personal Accident: 

Provides suitable financial protection in the event of a personal car accident that results in Permanent Total Disability (PTD), death, or hospitalization costs. 

How can I Claim ICICI Car Insurance? 

Call the ICICI Lombard Helpline at 1800-2666 to report the claim.
 
To use the cashless service, you must have your vehicle repaired at an ICICI Lombard facility. 

If you want to get reimbursed for your expenses, you must first get the car fixed, pay the bills, and then file a claim for reimbursement. 

Note: Before the insurance provider conducts a survey/inspection of your vehicle, do not begin any repairs. 

ICICI Lombard’s Helpline 1800-2666 can be used to report a claim.
 
You must get your automobile repaired within the ICICI Lombard network in order to receive cashless service. 

If you want to get reimbursed for your expenses, you’ll have to get the automobile fixed, pay the bills, and then file a claim. 

Note: Prior to the insurance company’s survey/inspection, do not begin any repairs to your vehicle. To report a claim, call ICICI Lombard’s Helpline at 1800-2666. 

To enjoy cashless service, you must have your vehicle fixed within the ICICI Lombard network. 

If you wish to be paid for your expenses, you must first get the car fixed, then pay the bills before filing a claim. 

What douse ICICI Lombard Car Insurance not Include? 

While the ICICI Lombard Car insurance policy is meant to give enough compensation in the case of a misfortune, there are some scenarios that are not covered. Here are a few examples: 

1. Mechanical failure 

2. Loss as a result 

3. Depreciation 

4. Wear and tear are inevitable. 

5. Any contractual responsibilities 

6. Driving when inebriated 

7. Accidental loss on purpose 

8. Nuclear weapons and conflict have caused a lot of damage. 

Can I purchase ICICI Car Insurance online? 

Yes, it can be easily done via the official website or by contacting them directly over the internet. 

Does ICICI Lombard provide Roadside Assistance? 

When the covered car is stuck due to a breakdown, accident, or other reason, the Roadside Assistance cover (RSA) provides policyholders with certain benefits. When contacted, the insurer will arrange for services such as vehicle towing, flat tire and car part repair, fuel delivery, and other services as specified in the insurance terms. 

ICICI Lombard Car Insurance provides the following advantages: 

1. On-the-spot breakdown assistance 

2. A bald tire 

3. Minor repairs are required. 

4. Jumpstarting the battery 

5. Keys that have been misplaced are replaced. 

6. After an accident or a breakdown, towing is required. 

7. Obtaining a leased vehicle 

8. When gasoline is needed, it is provided. 

9. After a car accident or a breakdown, you’ll need to stay somewhere. 

10. Relay of messages