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
Third Party Property Damage
Up to Rs. 1 Lakh
Own Damage Cover
Determined by the IDV of the two-wheeler
Personal Accident Cover
Up to Rs 15 Lakh
Insurance Claim Assistance
Available round the clock
What is your bike's brand?
Benefits of ICICI Lombard Bike Insurance
- A robust network of 8,800+ garages
- Provides 24x7 emergency assistance
- Offers innovative insurance products
- Ensures hassle-free insurance claim experience
- Technologically advanced process with Insure App
769 Icici Lombard Cashless Garages in India
Explore Two Wheeler Insurance
Must Read Articles before buying Icici Lombard Bike Insurance
- Beginners should know Online Two Wheeler Insurance Renewal Process. You can save your time as well as money if you buy your bike policy online.
- How IDV Affects at the Time of Bike Insurance Renewal? The Insurance Declared Value (IDV) is a crucial element of a bike insurance plan.
- How do i claim third party insurance for my bike? Follow the easy process to raise a third-party two-wheeler insurance claim for your damaged bike.
ICICI Lombard Bike Insurance User Reviews
- Most Helpful
ICICI Lombard Bike Insurance FAQs
Can I get bike insurance through ICICI Lombard app?
When it comes to technological upgrades, ICICI Lombard has reached every platform. It allows its customers to get all the information related to bike insurance in ICICI Lombard Insure app. The customers can get this app in the Google Play Store. After downloading it you can save the soft copies, register a claim, check your claim status, locate a network garage near you and track so many things under your fingertips.
How many offices does it have in India?
ICICI Lombard works in physical offices as well as virtual offices in India. It has a total of 273 branches and more than 840 virtual offices in India. The company requires large manpower to manage its widely spread customers well.
What are the coverages provided by ICICI Lombard two-wheeler insurance?
ICICI Lombard provides 3 kinds of insurance plans for the bike. A Standalone Own-Damage covers the damages caused to the insured’s bike, a Third Party Liability cover protects the policyholder against third party liabilities and a comprehensive two-wheeler insurance policy provides insurance for loss and damage caused to the insured’s bike as well as to third parties.
What all are not included in ICICI Lombard comprehensive two-wheeler policy?
The comprehensive two-wheeler policy offered by ICICI has several exclusions such as normal wear and tear and the natural aging of the car, mechanical or electrical breakdown, loss during war or nuclear risk and other consequential losses.
Why should I buy my bike insurance policy from ICICI Lombard?
ICICI Lombard is one of the leading names in the field of insurance. Other than its renowned legacy there are several reasons behind purchasing bike insurance policy from ICICI Lombard such as
- Hassle free renewal process.
- More than one No Claims Bonus will be applicable.
- Single policy certificate with a validity of three years, etc.
Why to buy from InsuranceDekho?
- Instant policy# within 5 mins
- More than 11.5 Lac happy customers
- Claim Support available all 7 days of the week
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Add-ons For Your Icici Lombard Bike Insurance
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