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ICICI Lombard Car Insurance: Guide On Coverage, Features And More

ICICI Lombard Car Insurance

ICICI Lombard car insurance is one of the trusted and reputed car insurer in India. ICICI Lombard is popular for its digital inclination, pocket-friendly premium harmony and extensive coverage.Certainly this insurer has now become a one-stop solution for car owners. Here because we are going to keep referring to ICICI Lombard Car Insurance in this article, you will find everything from the different types of policies on offer, to their features as well as to the process for claims and what makes it shine among all its competitors.

What is ICICI Lombard Car Insurance?

ICICI Lombard General Insurance offers car insurance policies for your vehicle to cover, loss/damage to the vehicle, accidental damage or theft of the vehicle etc. Whether you own a new car or an old vehicle,ICICI Lombard have flexible offers for you to pick from because all we want on our roads are safe cars.

ICICI Lombard Car Insurance Plans or Policies

Policy Types and Coverage

Policy Type Coverage
Comprehensive Car Insurance Own damage to the vehicle, third party liabilities and theft, natural calamities.serializer://2 Covers Own Damage Cover for the Vehicle, Third Party Liabilities, and Theft Along With Natural Calamities.
Third-Party Liability Insurance Third-party liability, which covers damage or injuries caused by your car to third-party property and people, but not damage to your own vehicle

ICICI Lombard Car Insurance At a Glance!Benefits of ICICI Lombard Car Insurance

  • Range of Options: ICICI Lombard has third party as well as comprehensive car insurance plans.

  • Quick Policy Issuance: Policy is issued immediately upon payment via their web.

  • Cashless Network Garages: Enjoy cashless auto services for your vehicle at any of the 6,500+ network garages in India.

  • 24me Immediate Roadside Assistance in case of emergency breakdown.

ICICI Lombard Car Insurance Features and Benefits

Key Features

Cashless Claims, Renewal by Insured Declared Value
Offers coverage for any damages faced by you or your car in case of an accident
Loss or damage to your vehicle against natural calamities – Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm.

Cashless Network of Garages

One of the most impressive things about ICICI Lombard Car Insurance is its cashless network garages. These garages are empanelled with ICICI Lombard for cashless claims and you don’t have to make payments before repairs. The insurance provider pays the costs directly to the garage meaning you don’t have any additional payments or financial burden at the time of repair.

Services and Benefits

Service Benefit
Cashless Network Garages Fast, Simple vehicle repairs with no up front payment
24/7 Roadside Assistance 24/7 assistance such as, towing, flat tires and gas delivery
No Claim Bonus (NCB) Discount for no claim years in renewal premiums

Affordable Premiums

ICICI Lombard Vehicle Insurance provides value for money by being cost-effective than other insurers. Using technology and cutting down on administrative costs, ICICI Lombard shares the gains with customers in the form of competitive pricing for comprehensive cover as well as third-party insurance. Customers are also able to tailor their plans to fit their budgets and desires.

Instant Claim Settlement

Claims

ICICI Lombard is reputed to have an easy and quick claim process. Its fast claim settlement is a great boon for policyholders at the time of an accident or damage. The vast majority of claims can be submitted and approved in as little as several hours.

Claims Process

Claims Process Step Details
Step 1: Report the Incident Inform ICICI Lombard as soon as it occurs
Step 2: Submit Documents Write an application and upload relevant documents (FIR, photos of the broken windshield etc.)
Step 3: Claim Assessment Then ICICI Lombard evaluates it and then approves the claim.
Step 4: Settlement Transferred payments to the bank account or at his premise

No Claim Bonus (NCB)

No-Claim Bonus (NCB) ICICI Lombard Car Insurance has some great advantages, such as No Claim Bonus. If you do not make a claim in any policy year, you can avail of discounts on your premiums payable for the following year. This allows intelligent customers to save money over time and incentivizes safe driving behavior.

ICICI Lombard Car Insurance: How to Buy?

The purchase of ICICI Lombard Car Insurance is simple due to its online presence being very user-friendly. Here is how you can buy a policy:

  1. Visit ICICI Lombard Website or App: In order to buy, you can visit their website as well as mobile app.

  2. Add Your Car: Include the car’s model, brand, production year and city of registration.

  3. CHOOSE POLICY TYPE: You have an option to select among Comprehensive policy or Third party only.

  4. Pay the Fees: Complete the payment via credit card/ debit card, net banking and other available options.

  5. Get Your Policy: As soon as you confirm your payment, we will email that policy to you.

Premium Calculation for ICICI Lombard Car Insurance

The ICICI Lombard Car Insurance premium is based on a variety of factors. These include:

Factor Details
Car Make & Model Premium is calculated based on the value of the car and engine type
Age of the Car Older cars tend to cost higher in premium on account of depreciation value
Insured Declared Value (IDV) The higher the IDV, the more you will be charged in terms of premium.
Add-ons Additional coverages (e.g. roadside assistance) will cause the premium to be higher

Example Premium Calculation

Assuming a 5-year-old car with an engine capacity of 1.5L, the approximate premium for a comprehensive plan could be around ₹10,000-₹15,000 based on the IDV and add-ons taken.

ICICI Lombard Car Insurance Claims Procedure

The process of claims is another important specific to ICICI Lombard Car Insurance. Here’s a breakdown:

  • Intimation: Inform ICICI Lombard at the earliest about the incident through website or mobile app.

  • Documentation: Upload required documents, including police FIR, damage photos and vehicle information.

  • Claim Assessment: A claims adjuster determines your damage costs and you are eligible.

  • Settlement: Once the claim is accepted, the claim amount is either transferred to your bank account or paid to the garage.

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Claims Steps Overview

Step Action
Step 1 Report the incident
Step 2 Submit documents online
Step 3 ICICI Lombard assesses the claim
Step 4 Compensation paid into your bank or garage

Why Choose ICICI Lombard auto insurance?

ICICI Lombard Car Insurance takes care of your car by providing the following benefits:

  • Competitive premiums for a wide coverage of vehicles

  • 24/7 roadside assistance for emergencies

  • Worldwide coverage in network garages for cashless repairs in India

  • Quick claim approval for peace of mind

  • No Claim Bonus (NCB) benefit for good driver

With an automobile policy built for your ease of transaction, ICICI Lombard Car Insurance gives you the fastest insurance way – convenient and speedy.

So, A Very Good Reason: Get ICICI Lombard Car Insurance Today.

ICICI Lombard Car Insurance plan not only provides you cost-effective premiums but also delivers complete policy coverage and hassle-free claim procedures to car owners in India. Whether you need full coverage or are looking for just a third-party cover, ICICI Lombard has plans that all customized as per your requirements. With cashless garages, on the spot policy issuance, and 24×7 customer support, ICICI Lombard makes sure your bike is always well-protected.

ICICI Lombard Official Website

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