ICICI Lombard Car Insurance

Third Party Car Insurance

Comprehensive Car Insurance

Own Damage Car Insurance

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Year of Inception

2001

No. of Branches

305+

Cashless Garages

5,700+

About ICICI Lombard Car Insurance

Owning a car is a very big event for any family, not just as a utility but also as a status symbol. People put in a lot of money into buying their dream car and thus protecting it becomes very important. Car insurance comes to rescue for emergencies and events out of control and ICICI Lombard car insurance is one of the best car insurances that gives you a feeling of complete safety. ICICI Lombard car insurance protects the car from risks uncertain. It is one of the trusted car insurances which gives you comprehensive coverage from third-party liability, own damage and man-made and natural calamities.

A product of ICICI Lombard general life insurance, jointly owned by ICICI Bank Limited and Fairfax financial holdings,ICICI Lombard car insurance has been dominating the car insurance industry ever since.

ICICI Lombard Claim Settlement Ratio

100%

ICICI Lombard

94.67%

Industry Average

Car claim settlement ratio is the percentage of claims settled against the total claims received by the insurance company in a given fiscal year. ICICI Lombard has a claim settlement ratio of 100%, as compared to the industry average of 94.67%.

ICICI Lombard Car Insurance Plans Overview

ICICI Lombard car insurance offers 2 car insurance plans. The premium of these plans starts from Rs. 1663/yr. Details of the comprehensive coverage provided by the following 2 ICICI Lombard car insurance plans are listed below:

Own Damage

Starting Premium- ₹ 1,663/yr

There are types of ICICI Lombard Own damage plans

Own Damage

Under this coverage, the policyholder gets protection against the loss of vehicle or damage due to an accident while driving, mounting or dismounting
Covers the vehicle against natural calamities and damages caused due to fire, lightning, self-ignition, explosion, earthquake, flood, storm, hurricane, cyclone, hailstorm, landslide, rockslide, etc.
Covers the vehicle against man-made calamities like a riot, theft, burglary, terrorist activities, damage during transit by rail, air, road, waterways, elevator or lift
It provides a personal accident cover for the driver/owner up to Rs 2 lakh in case of death, permanent disability and also for hospitalization cost due to accident. This is also available for co-passengers as well
Provides cover for third party injury or any damage or bodily injury caused to the third party or any property of the third party. ICICI Lombard car insurance Third party liability cover provides the policyholder with a maximum of Rs 7.5 lakh in case of property damage. In case of death or permanent injury of the third person, ICICI Lombard provides unlimited liability amount as per the policy.

Third Party

Starting Premium- ₹ 2,094/yr

There are types of ICICI Lombard Third-party liability plans

Third-party coverage

ICICI Lombard car insurance provides protection and covers the policyholder against any third party liability arising out if permanent disability/injury or death of the third party or any damage caused to the property of the third party.

ICICI Lombard Premium Calculator

Use our ICICI Lombard car insurance premium calculator to estimate ICICI Lombard car insurance premium for your car within 30 seconds

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Add-ons Available Under ICICI Lombard Car Insurance Plans

Add-ons are additional coverage benefits which can be chosen voluntarily by paying an additional premium. Add-ons help increase the scope of coverage of the Car insurance policy. ICICI Lombard Car insurance plans offer the following types of add-ons with the comprehensive policy:

Any insurance deducts a certain amount from the claim amount for depreciation arising out of wear and tear and normal ageing of the parts. Zero depreciation cover saves you from such deductions.

This cover is a very useful cover which helps you or indeed saves you at times when you need assistance due to sudden breakdown or accident. Roadside assistance cover allows you to travel without any worries and can be sought four times during the policy year. It assists you for the supply of fuel, vehicle towing, battery issues, flat tyres, replacing the lost key, etc

This cover helps you for the procurement of the consumable items used in vehicles like nuts and bolts, grease, brake oil, engine oil, lubricants, etc.

The engine protects plus cover takes care of the expenses of engine repair, gearbox repair, and other differential parts repair which occur due to leakage of oil, water ingression, etc.

This cover pays the policyholder the difference between the Insured Declared Value and the actual value of the purchase as listed on the original invoice. This add-on cover helps during the total loss or damage to the vehicle.

This add-on cover gives you a daily allowance for the time when the insured vehicle is in the workshop for more than 24 hours. This cover also extends towards the payment of lump-sum payment of the amount in case of constructive loss or total loss.

This add-on ICICI Lombard car insurance cover takes care of the repair or replacement of the key and locks or related issue expenses.

This add-on cover repays you the loss incurred due to losing personal belongings that were inside the car or which were damaged due to an accident. An FIR of the details of the loss or theft is mandatory for making this claim.

Features Of ICICI Lombard Car Insurance Plans

Benefits of ICICI Lombard car insurance : ICICI Lombard car insurance comes with a lot of benefits for policyholders. Some of them are listed below

ICICI Lombard car insurance offers roadside assistance for the policyholders to help them in case of breakdown or accident
ICICI Lombard car insurance has one of the largest and fastest claim settlement records
Policyholders can enjoy cashless claim settlements in the network garages anywhere in the country
Immediate processing of the policy
Provides accidental coverage, zero depreciation and other facilities
Several add-ons cover to enhance the policy experience
Towing facility on the case of a sudden breakdown
Offers voluntary deductible service and doorstep survey options to the policyholders
ICICI Lombard car insurance offers various discounts to the policyholders
ICICI Lombard car insurance has an easy,quick and effortless issue and renewal process

Features of ICICI Lombard car insurance

Third-party coverage
ICICI Lombard car insurance provides protection and covers the policyholder against any third party liability arising out if permanent disability/injury or death of the third party or any damage caused to the property of the third party.
Network Garages
ICICI Lombard car insurance has a network of more than 7800 certified garages where the policyholder can get cashless services for assistance, whenever needed across the country.
No Claim Bonus
The No Claim Bonus is a type of discount that the policyholder gets for making zero claims during a year. This bonus increases with the number of years that the policyholder drives safely and makes no claim.
Personal Accident cover
ICICI Lombard car insurance provides personal accident cover for the co-passengers, driver/owner of up to Rs 2lakh.
Incurred claim ratio
The incurred claim ratio is simply explained as the ratio of the net claims settled against the net premiums received. ICICI Lombard car insurance has one of the highest incurred claim rations with 77.44%.

Exclusions Under ICICI Lombard Car Insurance Plans

The following exclusions are not covered under the ICICI Lombard policy for vehicle insurance

Natural ageing of the vehicle resulting in wear and tear
Damage or accident caused when driving without a driver’s license
Damage or accident caused while driving under the influence of alcohol, drugs or any other substance
Electrical or mechanical breakdown
Damage caused to the vehicle due to war, nuclear attack, mutiny, etc.
Depreciation in line with market scenarios, etc

How To Raise A Claim Under ICICI Lombard Car Insurance

Claiming Process of ICICI Lombard car insurance policy:
For claiming the ICICI Lombard car insurance, the policyholder will have to register a claim following the steps mentioned below

Notify ICICI Lombard: The policyholder will have to notify the customer service representative either by an SMS ‘CLAIM’ 575758 or by calling at the customer care. The customer care will get back to you and provide a reference number or claim number
The customer care executive will inform the concerned executive and the buyer will be informed about the registered garages
The buyer will have to file an FIR in case of accident, theft, bodily injury or any major damage
The service manager from ICICI Lombard will contact the policyholder and collect the documents required for processing the claim
The service manager will also do a spot verification of the vehicle to estimate the damage
The payment to the network garage will be made directly by ICICI Lombard if cashless services are opted for by the policyholder.

Alternatively,you can also avail claim settlements through Turtlemint.If you bought your ICICI Car Insurance policy through Turtlemint,you can inform Turtlemint and the company would then help you in getting your claims settled.Turtlemint has a claim handling team which handle the claims of their customers.You can get in touch with the company’s team of claim experts through their number 1800 266 0101 or post an email to the claim team at their ID claims@turtlemint.com. Once the team is informed of your car insurance claim, they would take up the claim process on your behalf and coordinate with the insurance company to get the claims settled.

Documents Required For Claims

Documents required for claiming the ICICI Lombard car insurance plans:

For accidental claim for ICICI Lombard car insurance

Copy of the duly signed claim form
Vehicle registration
Copy of driver’s license
Copy of the FIR
Original policy document
Original estimate receipt
Payment receipt in case of not availing cashless service

For theft claim for ICICI Lombard car insurance

Copy of the duly signed claim form
Vehicle registration
Copy of driver’s license
Copy of the FIR
Original policy document
RTO transfer papers along with form 28, 29, 30 and 35
No Trace report by the police after investigation

For Third-Party Claim for ICICI Lombard car insurance

Copy of the duly signed claim form
Vehicle registration
Copy of driver’s license
Copy of the FIR
Original policy document

ICICI Lombard Customer Care

Customer Care Number

1800 2666

Email ID

cusomersupport@icicilombard.com

ICICI Lombard Car Insurance Renewal Process

ICICI Lombard car insurance provides easy renewal of the policy online. Prior to 60 days of the policy expiring,the policy can be renewed easily through its website.In case the policy expires,a surveyor will inspect the vehicle.The policy will be renewed after the inspection and submission of the required documents to the surveyor.