ICICI Lombard Car Insurance Review

Under the Motor Vehicles Act 1988, it is mandatory for every vehicle owner to purchase vehicle insurance, and rightly so, a vehicle insurance protects you from the untimely disasters that are all so common on our roads.

On top of that, you never know when thefts or natural disasters will simply devoid the existence of a huge chunk of the property that is your vehicle. If you’re putting serious thought into buying a car insurance, perhaps ICICI Lombard Car Insurance is the one for you.

Overview-

There are no different types of policies under ICICI Lombard car insurance. However, you can purchase in three different options as given underneath.

Criterion	Option A	Option B	Option C
Self-damage to the vehicle	Covered	Covered	Covered
The third party inflicted damage to the vehicle	Covered	Covered	Covered
Roadside assistance	Covered	Covered	Covered
Consumables	Covered	Covered	Not Covered
Engine Protect Plus	Covered	Not Covered	Not Covered
Accident Cover For Passengers	Covered	Not Covered	Not Covered
Garage Cash	Covered	Not Covered	Not Covered

The premiums are highest for plan A, and lowest for Plan C. The amount you have to pay is as per the rules of Government of India as it is for all insurance policies. 

You may like : Benefits Of Having An ICICI Lombard Car Insurance: An Overview

Features And Benefits-

The features of this insurance plan as seen above are similar to what most insurance companies provide- 

1. Coverage of self-damage onto the vehicle

2. Coverage of third party damage onto the vehicle

3. Coverage of damage against man-made calamities and natural calamities

4. Third party legal liability

The benefits that separate this plan from most other plans are- 

1. 24/7 roadside assistance

2. Cashless claim settlement in over 3300 garages across the country

3. Daily allowance till the buyer’s car is in the garage.

4. Zero depreciation cover

5. Accidental coverage of up to Rs 2 Lakhs for co-passengers

6. 5% discount for registered members of automobile associations

7. No claim bonus

8. Towing facility in case of car breakdown

Inclusions- 

1. Coverage against any kind of loss due to natural calamities such as floods, earthquakes, landslides, rockslides, typhoons, cyclones, hurricanes, inundation, lightning, fire explosion, etc.

2. Coverage against man-made causes such as theft, robbery, burglary, riot, strike, terrorist activity or damage while the car is in transit by rail, waterway, elevator, roadway, etc.

3. Self-inflicted damage( accidents)

4. Third party liability coverage covers any bodily injury or any damage to any third party or surrounding property by use of the car.

5. Coverage of up to Rs 2 Lakhs for damage caused to co-passengers.

Exclusions-

1. Normal wear and tear due to daily usage and aging of the vehicle

2. Mechanical/electrical breakdown

3. Depreciation or any consequential loss

4. Loss/damage due to war, mutiny or risk

Documents Required- 

Applying for ICICI Lombard insurance does not need you to submit any documents. Simply visit the official website of the company, enter details of yourself and your car, find out how much you have to pay using ICICI Lombard car insurance premium calculator, and you are good to go.

You can even perform renewals using ICICI car insurance renewal service online without the need for documents.

Claim Process-

If you go to the 3300+ cashless garages across the country, you do not have to take out a single coin from your pocket and repairs will be done as long as they are covered by your policy. 

If you’re on the road during the incident, simply give a call to the ICICI Lombard toll-free number, and the assistant service will be on the way.

In the case of reimbursement claims, simply download the ICICI Lombard car insurance claim form, attach documents and bills related to the repairs of your car and send it to the postal address given to you upon purchase. In the case of robbery or theft, you need to attach the police FIR related to the vehicle.