Motor Insurance :

Car Package Insurance - A comprehensive policy for your car that not only covers you against third party but also against accidents, damage, injury and much more.

ICICI Lombard brings to you comprehensive insurance for your cars, 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.

A comprehensive cover to protect against any loss/damage to or by your vehicle,

Also covers personal accident and third party legal liability

No documentation. Instant policy issuance

Online claims intimation and tracking facility

Policy Coverage.

What is Covered :

Our Motor insurance Policy is governed by the Indian Motor Tariff. It covers you for:

1. 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.

Natural Calamities – Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.

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.

2. 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.

3. 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

Key Benefits :

• A digitally signed policy is issued immediately through online facility
• You can claim towing charges up to Rs 1,500 through 24*7 call centers.
• Avail of the following bonuses and discounts -
  
  - 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.)

- Transfer your NCB: You can transfer full benefits of No Claim Bonus when you shift your motor insurance policy to another company.

- 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.)

- Additional discounts: You can also avail of additional discounts if you are a member of a recognized Automobile Association in India.

- Anti theft 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.

Sum Insured :

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.

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.

The Schedule of Depreciation for fixing IDV of the vehicle

AGE OF VEHICLE % OF DEPRECIATION Not exceeding 6 months 5% Exceeding 6 months but not exceeding 1 year 15% Exceeding 1 year but not exceeding 2 years 20% Exceeding 2 years but not exceeding 3 years 30% Exceeding 3 years but not exceeding 4 years 40% Exceeding 4 years but not exceeding 5 years 50%

Policy Exclusions :

What is not covered -

Under this policy, you are not covered against -

• 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

Claims :

Cashless Claims

In case of an accident

• Note the number of the other vehicle involved in the accident, if any.
• Jot down the names and contact details of witnesses, if any.
• Contact us . Get your claim number / reference number. Call centre representative will provide you the details of documents required for claim processing and also details of our preferred garage, where cashless repair facility can be availed..
• File an FIR at the nearest police station in case of property damage, bodily injury, theft and major damages.
  

After registering the claim.

• Our customer service manager will contact you within 24 hours of registering the claim.
• Submit the copy of documents to the dealer / CSM and get verified with the originals.
• Our CSM will get the estimate for the repairs of your vehicle and give spot approval after assessment.
• After completion of repair at our preferred garage, we will make payment of our share of the loss directly to the garage.
• After completion of repair at our preferred garage we will make payment of our share of the loss directly to the garage.
• The insured to pay the excess mentioned in the policy and depreciation, salvage etc informed by the CSM.
  

Non-Cashless Claims

• In case you are unable to spot a network garage close by to the spot of the accident take your car to a near by non-network garage.
• Contact us and register your Claim and get your claim number / reference number.
• Call centre representative will provide you the details of documents required for claim processing and the address to which you need to send in all the requested documents.
• You would have to send in the requested documents to the address provided.
• We would reimburse you within 5-7 working days once all the documents have reached us.
• The insured will be required to pay the excess amount as informed by the CSM
  

Documents required - For Accident Claims:

• Claim form duly signed *
• RC copy of the vehicle
• Driving license copy**
• Policy copy (First two pages)
• FIR on a case-to-case basis
• Original estimate
• Original repair invoice, payment receipt (for cashless garage, only repair invoice )
  

For Theft Claims :

• Claim form duly signed *
• RC copy of the vehicle with all original keys
• Driving license copy
• Original policy copy
• Original FIR copy
• RTO transfer papers duly signed along with Form 28, 29, 30 and Form 35 (if hypothecated)
• Final report – A no trace report from the police saying that the vehicle cannot be located.
  

For Third Party Claims:

• Claim form duly signed*
• Police FIR copy
• Driving license copy
• Policy copy
• RC copy of the vehicle
  

* Stamp required in case of company registered vehicle
** Original documents

Network Garages

Garages where we have our tie ups to provide cashless facility i.e. The bills are settled directly by us with the garages. Click on the link for our network garages: All India Cashless Garage List

Non-networked garages – Garages that do not form part of the list above. For non-networked garages, one has to go through the Non-cashless facility explained above.

FAQ'S :

Is there any specific exclusion under this policy?

Following are not included in this policy

Mechanical breakdown
Wear & tear
Consequential loss
Depreciation
Deliberate accidental loss
Intoxicated driving
Any contractual liability

The ICICI Lombard Motor Insurance policy is very comprehensive vehicle insurance, as mandated by the government, which covers you for:

Any Loss or damage to your vehicle
Third Party Liability
Any permanent injury / death to a person caused by your car.
Any damage caused to the property (excluding vehicle) of some other individual by your vehicle.
A Personal Accident Cover for the owner of the vehicle while he is driving.

In case of loss or damage to the vehicle or the accessories insured, the Insurance Company covers the insured if the accident occurs due to the following hazards:

Fire, explosion, self ignition or lightning
Burglary, housebreaking or theft
Riot and strike
Earthquake (fire and shock damage)
Flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost.
Accident by external means.
Malicious act.
Terrorist activity
Whilst in transit by road rail inland-waterway lift elevator or air.
Landslide and rockslide.

If the person driving the vehicle is a valid license holder, the vehicle is insured for all the accidents that occurred due to the hazards specified. To insure the person driving the vehicle, who is not the owner, an additional personal accident cover has to be taken for unnamed passengers. For the owner-driver, the policy compulsorily has a personal accident cover, as per tariff.

What if I have an accident with an uninsured vehicle? What is the extent to which I am covered?

If you have taken a comprehensive policy for your vehicle you are fully covered against all the hazards mentioned, irrespective of whether the other person has an insurance policy or not.

What if I sell/ transfer the vehicle during the insured period?

In case you sell the insured vehicle during the insured period, you can exercise either of the following two options:

Transfer the policy to another vehicle
The policy can be endorsed to the new owner/ buyer.

The insured is adequately covered in case of an occurrence due to the specified hazards leading to bodily injury/ permanent disability or death. The motor insurance policy essentially has a PA cover for the owner-driver, as per tariff, for which no extra premium is to be paid. For a person other than the owner and driver, the PA cover has to be taken separately paying an additional premium. The amount paid as compensation depends upon the extent of cover opted for. And for the driver, the extent of the cover is in accordance with the Workmen’s Compensation Act.

Can I ask for some advance in case the repair charges are very high?

We provide cashless claim service, wherein you are not liable to pay for the repair charges, as ICICI Lombard directly pays it to the garage. This is called the cashless facility. However if you wish to go for the non- cashless service and are unable to pay the entire charges, you have to intimate the same to the agent and ICICI Lombard would do the rest of the payment.

In case of own damages claim following documents are required:

Claim form duly signed
Valid R.C. copy of the vehicle
Valid driving license copy
Policy copy (First 2 pages only)
FIR if required (For Theft, Third party Injury / Damage; Highway accidents-Major only).
Original repair bill, proof of release and cash receipt.

Yes, you will be eligible for the claim even after the expiry of the policy date. This is because the event took place during the policy period.

In case you file a claim for any kind of damages during the insured period, at renewal, you will loose all the NCB that you have accrued over the years.

How is the value of the vehicle determined?

The value of the vehicle is calculated on the basis of the current showroom price of the vehicle multiplied by the depreciation rate that is set by the Tariff Advisory Committee at the commencement of each policy period. This is called IDV (Insured’s Declared Value)

A discount of 50% is available on the own damage premium provided they modify such vehicles for use. The above discount is also available for institutions exclusively engaged in the service of the handicapped.