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| Insurance |
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Policy Coverage |
Key Benefits |
Sum Insured |
Policy Exclusions
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ICICI Lombard brings to you a comprehensive Package
Policy for your four-wheelers, which covers Third Party Liability (TPL)
for bodily injury and/or death, Personal Accident cover for owner-driver
and loss or damage to the vehicle insured (Own Damage or OD).
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- Transfer No Claim Bonus from your existing policy
- Lightning fast Cashless Claims services
- Covers personal accident and Third party legal
liability
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| http://www.icicilombard.com |
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| Policy Coverage |
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Our Motor insurance Policy is governed by the Indian Motor Tariff. It
covers you for: |
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Loss or damage to your vehicle: The
policy covers you against any loss or damage caused
to the vehicle or it’s accessories due to the
following natural and man made calamities.
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Natural Calamities – Fire,
explosion, self-ignition or lightning,
earthquake, flood, typhoon, hurricane, storm, tempest,
inundation, cyclone,
hailstorm, frost, landslide, rockslide.
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Man made Calamities – Burglary,
theft, riot, strike, malicious act, accident by external
means, terrorist activity, any damage in transit by road,
rail, inland waterway, lift, elevator or air.
The rates of the vehicle
and its parts are subject to depreciation as per the
schedule provided by the Indian Motor Tariff.
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Personal accident cover: The
motor insurance provides compulsory personal accident cover
for individual owners of the vehicle while driving. You
can also opt for a personal accident cover for passengers.
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Third party legal liability: This
protects you against legal liability arising due to accidental
damages
- Any permanent injury/ death of a person
- Any damage caused to the property.
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Key Benefits |
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A digitally signed policy is issued immediately through online facility.
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You can claim towing charges up to Rs 1,500 through 24*7 call centers.
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Cashless claim settlement at network garages all across India.
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Avail of the following bonuses and discounts -
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No Claim Bonus: If you do not make a claim during the
policy period, a No Claim Bonus (NCB) is offered on renewals. This discount
can go as high as 50%. (NCB will only be allowed provided the policy is
renewed within 90 days of the expiry date of the previous policy.) |
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Transfer your NCB: You can transfer full benefits of
No Claim Bonus when you shift your motor insurance policy to another company. |
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Voluntary Excess discount: A further discount on the
premium is available if you opt for a Voluntary Excess in addition to the
Compulsory Excess. (Compulsory Excess is the amount of loss which the insured
has to bear in each and every claim.) |
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Additional discounts: You can also avail of additional
discounts if you are a member of a recognized Automobile Association in
India. |
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ARAI devices: In case you have installed ARAI approved
anti theft device in your vehicle, you get a discount of 2.5 % on the OD
Premium to a maximum of Rs. 500. |
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| Sum Insured |
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The vehicles are insured
at a fixed value called the Insured’s
Declared Value (IDV). IDV is calculated on the basis of the manufacturer’s
listed selling price of the vehicle (plus the listed price of any
accessories) after deducting the depreciation for every year as per
the schedule provided
by the Indian Motor Tariff.
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If the
price of any electrical and / or electronic item installed in the
vehicle is not included in the manufacturer’s
listed selling price, then the actual value (after depreciation)
of this item can be
added to the sum insured over and above the IDV.
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| Policy Exclusions |
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Under this policy, you are not covered against -
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- Normal wear, tear and general aging of the vehicle
- Depreciation or any consequential loss
- Mechanical/ electrical breakdown
- Wear and tear of consumables like tyres and tubes
- Vehicle being used otherwise than in accordance with limitations as to use
- Damage to/ by a person driving the vehicle without a valid license
- Damage to/ by a person driving the vehicle under the influence of drugs or liquor
- Loss/ damage due to war, mutiny or nuclear risk
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Policy Coverage |
Key Benefits |
Sum Insured |
Policy Exclusions
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