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Key Features And Benefits of Purchasing Two-Wheeler Insurance Plan At ICICI Lombard


Written by Sumit Arora

Updated Jul 28, 2021

Read this article to find out the key features and benefits of purchasing bike insurance from ICICI Lombard General Insurance.

Every car owner in India is required to have a bike insurance policy, according to the Indian Motor Vehicle Act. It is critical, however, to obtain an insurance policy that provides the necessary coverage. If you've decided that ICICI Lombard's bike insurance is right for you, this article will go over the top five features in detail along with the benefits of purchasing bike insurance with ICICI Lombard. 

Key Features And Benefits of Purchasing Two-Wheeler Insurance Plan At ICICI Lombard

Top Features & Benefits of Purchasing Bike Insurance With ICICI Lombard

When you purchase bike insurance, it is very important to compare different policies on various parameters. This is mainly because different insurance providers offer various policy plans. Comparing insurance policies will help you to be more aware of the available facilities and pick the policy that suits you the most. ICICI Lombard General Insurance is a reliable insurance provider that has a Claim Settlement Ratio of 87.71% FY20. The following are the perks of purchasing your bike insurance from ICICI Lombard General Insurance -

  • Policy Is Issued Immediately 

ICICI Lombard General Insurance has a quick and easy process for getting a bike insurance policy. Fill in the basic information about your bike or scooter, choose your coverage options, and pay with your preferred method, and you're done. From the comfort of your own home, you can easily purchase bike insurance online.

  • Simple And Quick Policy Renewal Process

You can renew your policy with ICICI Lombard General Insurance online, with no inspections or additional fees. Enter your previous policy information to renew your plan instantly. In contrast, a break-in renewal may necessitate an inspection. As a result, make sure to renew your policy on time.

  • No Claim Bonus 

You can get a No Claim Bonus (NCB) on your bike insurance if you haven't made any claims or transferred your vehicle during the previous policy period. You must, however, renew it within 90 days of its expiration date. You can also transfer your NCB from your previous service provider to ICICI Lombard General Insurance.

  • Trustworthy And Accountable Insurance Provider

ICICI Lombard General Insurance is a trustworthy insurance provider. This means you can contact them 24 hours a day, seven days a week for claim assistance, and your claims will be resolved quickly. You can also get a quick response by dialling 1800 2666.

  • Enjoy Cashless Repair Facility

The most advantageous service provided by ICICI Lombard General Insurance is the cashless facility. The garages associated with ICICI Lombard General Insurance are fully licenced and professional. Repairing your bike in these garages ensures that it is properly cared for by trained and skilled mechanics. With over 5,600 network garages, you can repair your bike at the closest garage without incurring repair costs.

You may also like to read:- How To Avoid Small Claims To Reduce Your Bike Insurance Premium?

Options With Bike Insurance At ICICI Lombard General Insurance

Different insurance companies have different policy plans. While the basic coverage of the policies is similar, they have their own dynamic features. You can buy one of three types of bike insurance from ICICI Lombard General Insurance: a two-wheeler vehicle package, third-party liability policy, and standalone own damage two-wheeler insurance. To be more specific:

  • Two Wheeler Vehicle Package Policy

This two-wheeler insurance policy covers the costs of third-party liability and vehicle damage in the event of an accident. It covers losses due to fire, theft, and natural disasters.

  • Two Wheeler Vehicle Liability Policy

This can also be termed as a third party insurance policy. This policy protects the policyholder from legal and financial trouble by compensating for the loss of the third party involved in the accident. ICICI Lombard General Insurance will settle the claim if the policyholder was lawful at the time of the accident. 

  • Stand-Alone Own-Damage Two Wheeler Insurance

Natural catastrophes such as earthquakes, floods, cyclones, landslides, and other natural disasters, as well as man-made disasters such as theft, burglary, rioting, and strikes, are covered by the stand-alone own-damage two-wheeler insurance plan.

Also Read:- All You Need To Know Regarding Bharti AXA Bike Insurance Plan 

Take Away

With the above-mentioned perks and benefits, ICICI Lombard General Insurance is definitely a great choice for your bike insurance. Make sure to compare multiple policies before purchasing one and ride safely.


Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.


Written by Sumit Arora

Sumit is an insurance industry veteran with more than 20 years in the industry. Sumit is a frequenRead More

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