ICICI Lombard Two Wheeler Insurance

When life throws you with a bouncer, don’t try to hit it hard and strive to achieve a sixer, simply opt to go slow and bring your life on track. Well! In simpler words, life does not flow the way we want it to flow and the risk just doubles up if you are on the road driving your own vehicle, be it a four-wheeler or a two-wheeler.  

The way you tend to secure your cars is by owning a car insurance policy, in the same way, it is very important to provide security to your two-wheelers as well simply by opting for a two-wheeler insurance policy.  

Tensed? But for what? Oh, from where you will get the best possible two-wheeler insurance policy, right? Then, to your rescue, comes in the light of the ICICI Lombard Two Wheeler Insurance Plans. Yes, you heard it absolutely correct, they are providing you plans which are centered to two-wheelers only.  

Now, you must be thinking that what are these ICICI Lombard Two Wheeler Insurance Plans? Right? So, the ICICI Lombard Two Wheeler Insurance Policy is one of the leading two-wheeler insurance providers and the most preferred and popular as well among the policy bearers. It is a joint venture of the ICICI Bank and Fairfax Financial Holdings. They are striving and working hard each day to provide you and your two-wheelers with the best of the best plans to help you in time of emergency conditions.  

Different Types of Two-Wheeler Insurance Plans are

A. Third Party Two Wheeler Insurance 

The Third Party Two Wheeler Insurance Plans is one of the basic covers provided by the ICICI Lombard Two Wheeler Insurance Providers to make your vehicle safe and lend your hands in times of damages and losses caused to the third party. According to Indian Motor Vehicles Act, 1988, it is mandatory to have this insurance.  

It provides coverage at the time of road accidents and any mishaps. It covers bodily damages of the policyholder along with the third party as well.  

B. Comprehensive Two Wheeler Insurance 

The Comprehensive Two Wheeler Insurance is slightly different than that of the Third Party Two Wheeler Insurance Policy. How? It is a bit different in terms of coverage, as the third party insurance covers only the damages caused to the third party and the policyholder, the Comprehensive Two Wheeler Insurance Covers the third party losses and damages along with the third-party liability and property and financial losses.  

C. Own Damaged Two Wheeler Insurance 

As the name suggests, The Own Damaged Two Wheeler Insurance covers you and your two-wheeler at the time of mishap caused on the road. It is a win-win situation as it covers you at the time of emergency and not the third party or both, it is concentrated to you only! 

ICICI Lombard Two Wheeler Insurance:- Review Section 

  • It is very easy to buy any plan of your choice at your convenience.  

  • Not just to buy, but it is very easy to renew your opted plans.  

  • They team or the staff is extremely efficient and helpful.  

  • The documentation process is very quick and easy.  

  • Claim settlement process is easy and quick as well.  

  • Their website is user friendly and understandable.  

  • They offer a lot of plans to compare and choose the best out of the best.  

  • Not only plans, they offer alot of benefits and features to be the cheery on your cake or, or headlight to your two wheelers.  

  • Their discount details are very crisp and clear.  

  • The plans are very affordable.  

Important Benefits of ICICI Lombard Two Wheeler Insurance 

  • They tend to offer a flexible tenure from 1 year to 3 years.  

  • They also offers accidental coverage for you and the passenger accompanying you.  

  • They offer you with add on benefits as well.  

  • They offers you coverage over electrical and non electrical gears.  

  • They have an extensive network of garages which are at your service any time of the clock you need assistance or help.  

  • Thier No Claim Bonus facility is so efficient and attractive and they can also carry forward this No Claim Bonus amount while switching from ICICI Lombard Insurance to any other Insurance Providers.  

  • If you are a member of Automobile Association, this you are lucky enough as you will be get a discount of 5% on your premium.  

  • At the time of installation of ARAI approved anti theft device, you are eligible for the discount of 2.5%.  

  • They tend to be quick and easy in providing the policy documents. In short they work well to create a hassle free environment.  

  • It is upto you how and when you want to pay your premiums.  

  • They offer you convenience in setting up renewal reminders and payment reminders.  

ICICI Lombard Two Wheeler Insurance Care Numbers / Contact details 

Yes, I know before investing our saving into something new, we all tend to ask a few questions and make ourselves worry-free. Right? So, here are some of the major contact details which will help you talk to the staff members and take guidance before and after availing of any plan.  

a. Toll-free number:- 1800 2666 

b. Alternative Number:- 8655222666 (It is Chargeable) 

d. You can also WhatsApp them to ask questions, the number is:- 8655222666  

Features of ICICI Lombard Two Wheeler Insurance 

  • The major highlight is that their work if extremely hassle free.  

  • They offer the policy holder to set renewal reminders.  

  • They offers coverage to not only the rider of the two wheeler but also the co passenger.  

  • After availing any plan of your choice, you will receive a copy of the original documents through online mode.  

  • They offer you cashless claim service over their network garages at the time of need.  

  • They are eligible for No Claim Bonus if you drove safely without any mess and accident and most importantly a policy period without any claim. 

  • Provides you with the facility of towing at the time of emergency on the road.  

ICICI Lombard Two Wheeler Insurance Coverage 

They offer coverage of three types majorly. The first one is the Standalone Own Damage Insurance Plan which covers the damages caused to the insured bike. The next one is a Third-Party Liability Insurance which covers damages or expenses against any third party accident and the last one in the list is the Comprehensive Two Wheeler Insurance Policy which covers all the damages or loss caused to you, your insured vehicle, and also if there is any damage caused to the third party.  

ICICI Lombard Two Wheeler Insurance Provider is a joint venture of the ICICI Bank and Fairfax Financial Holdings. It is working hard each day to provide you assistance and help at the time of need and emergency.  

Discounts offered by ICICI Lombard Two Wheeler Insurance 

This is the section for which we all eagerly wait. It is one of the most drooling-over features, isn’t it? So the discount offered by the ICICI Lombard Two Wheeler Insurance Provider is listed below:- 

A. No Claim Bonus Facility 

B. If you are a member of the Automobile Association, then you are eligible for the discount too.  

C. At the time of installation of the two-wheeler anti-theft device, you will be getting some sort of discount as well.  

Exclusions of ICICI Lombard Two Wheeler Insurance 

Everything and every company have their working exclusions and similarly, the ICICI Lombard Two Wheeler Insurance Provider has some of the major exclusions which you all need to have a look at:- 

The claim is not available if:- 

  • Their is any loss of wear and tear due to regular usage of the vehicle.  

  • The damage is caused when the driver is under the influence of alcohol or liquor.  

  • The damage or loss is caused outside the listed geographical area.  
  • The damage is caused when the driver is not carrying the valid driver lisence.  

  • The damage has occured due to any nuclear war or fire.  

  • At the time of any loss or damage of tyres and tubes, you will not be getting full reimbursement but you will get 50% reimbursement.  

  • The damage caused due to any natural calamity or man made calamity.  

How to Claim for ICICI Lombard Two Wheeler Insurance 

The claim settlement process is very easy and hassle-free here because we know that you claim the amount at the of an emergency and you are already tensed and they don’t want to trouble you more because of long and time-consuming documentation.  

Here are a few steps you need to follow to claim your amount:- 

  • Go the official website of the ICICI Lombard Two Wheeler Insurance Provider.  

  • Log in there and you will find an option named as “Claim”.  

  • Click on it and then you are required to choose your policy and type of claim.  

  • Then, after this, you need to fill in some asked details like your name, policy number and it’s done.  

  • Your claim is processed.  

Now you must be thinking that what are the different types of claims? Right?  

So, to ease your confusion, the answer is here, there are majorly two types of claims:- 

A. Cashless Claim 

This can be availed directly at the time of any emergency at the network garage where your two-wheeler is taken for repair. Let us have a look at the steps you need to follow to claim this:- 

a. Inform the insurance provider about the incident.  

b. They will take your vehicle to the near network garage.  

c. Then you will not have to pay them anything directly, the insurance provider will pay the garage directly.  

B. Reimbursement Claim 

This is available after you have already paid and borne your expenses of loss. This requires verification of your bills and documents and after verification, the amount is paid to you.  

FAQ’s for ICICI Lombard Two Wheeler Insurance 

Q1. What does ICICI Lombard two wheeler insurance cover? 

They offer coverage of three types majorly. The first one is the Standalone Own Damage Insurance Plan which covers the damages caused to the insured bike. The next one is a Third-Party Liability Insurance which covers damages or expenses against any third party accident and the last one in the list is the Comprehensive Two Wheeler Insurance Policy which covers all the damages or loss caused to you, your insured vehicle, and also if there is any damage caused to the third party.  

Q2. What are the documents required for making a claim on two-wheeler insurance from ICICI Lombard? 

The documents required for claiming the two-wheeler insurance from ICICI Lombard are:- 

  a. Policy Document 
  b. Properly signed and filed claim form.  
  c. Registration Certificate 
  d. Driving license of the policyholder 
  e. FIR in case of theft
  f. In case of reimbursement, original copies of invoices and bills   
  g. No Objection Certificate 

Q3. What are the various factors that determine the premium quote of a two-wheeler insurance policy? 

The main factors that determine the premium quote of a two-wheeler insurance policy are listed below:- 

  a. Type of Policy Chosen 
  b. Age of two-wheeler 
  c. Insured Declared Value of the two-wheeler
  d. Place where you registered your vehicle  
  e. Type of vehicle 
  f. Policy term  
  g. No Claim Bonus 
  h. Add ons 

Q4. Are pillion riders also covered under a two-wheeler insurance policy? 

No, pillion riders are not covered under a two-wheeler insurance policy. But, if you wish to have this pillion riders coverage, you can opt for Personal Accident Add-on for Co- Passengers to have this extended coverage.  

Q5. How is the Insured Declared Value or IDV determined by insurers? 

Insured Declared Value or IDV is calculated according to the selling price of the two-wheeler and then adjust this sum for depreciation.