ICICI Lombard Bike Insurance

About ICICI Lombard Bike Insurance

ICICI Lombard General Insurance Company Limited is a leading general insurance provider in India. It offers general insurance solutions to business, projects as well as individuals and protects them against various liabilities by giving bike insurance, health insurance and so on. It was established in the year 2001 after the amalgamation of two leading business enterprises ICICI Bank and Fairfax Financial Holdings Limited. ICICI bank holds the position of the second-largest bank in India, whereas Fairfax Financial Holdings Limited is a great financial service provider based in Toronto.

The general insurance company has a GWP (Gross Written Premium) of Rs. 135.92 billion as per the annual report published in the financial year 2020. It has been able to provide customer-friendly insurance policies that lead to optimum satisfaction. It has won the faith of customers and successfully issued more than 26.2 million insurance policies including bike insurance plans, car insurance plans and so on. Along with that, it has settled down over 1.8 million claims till 31st March 2020.

ICICI Lombard markets an ample variety of insurance policies in all the major sectors like Health Insurance, Car Insurance, Bike Insurance, Home Insurance, etc. Till today, the company has set up more than 273 branches and more than 840 virtual offices in India. The company is a responsible customer service provider and promises to ensure a seamless claim process by giving the best assistance to its customers for bike insurance and other similar products.

ICICI Lombard Bike Insurance

Driving a two-wheeler comes with a number of uncertainties, hence, having insurance that provides a layer of protection for both the rider and the bike is crucial. In case of a mishap, the insurance provider will compensate for the damages to the two-wheeler, keep the insurance provider safe and provide financial stability in a time of a crisis. When purchasing two-wheeler insurance ICICI Lombard is an excellent choice, the insurance provider offers a wide variety of policies to choose from. There are three basic types of two-wheeler insurance that can be purchased in India, they are third party insurance, standalone own-damage covers and comprehensive insurance plans.

Third party insurance is compulsory and provides coverage for third party liabilities including property damage, death and bodily injury. The own-damage cover provides coverage for the policyholder’s two-wheeler in case of a mishap. Own-damage covers provide protection against a wide variety of scenarios including theft, vandalism, road accidents, fire and calamities both natural and manmade. The comprehensive plans cover both aspects under a single premium making it more hassle-free.

To further enhance the coverage of your own-damage cover you can purchase add-on covers. These optional covers can be purchased at an extra cost and cover aspects that are otherwise excluded by the insurance policy. Some useful insurance add-ons include the zero-depreciation cover, the return to invoice cover and the roadside assistance cover. ICICI Lombard offers a wide range of add-ons to choose from. Moreover, their premiums are affordable and convenient to review. The insurance provider offers NCB of up to 50% and has more than 4300 network garages.

Significant Points of ICICI Lombard Bike Insurance

Disclaimer

Every detail provided in this website is for information purpose only. Insurancedekho under no circumstances, endorse the information provided. However, we are constantly doing our best to keep our privileged customers up-to-date with neutral and factual information.