ICICI Lombard Car Insurance

When listing the leading private sector general insurance companies in India, ICICI Lombard General Insurance Company Limited is a name that cannot be missed. In operations since 2001, the company is a collaboration between ICICI Bank and Fairfax Financial Holdings Limited. As per the numbers for the financial year 2018, ICICI Lombard marks a Gross Written Premium (GWP) of Rs126 billion. From general insurance to investment management, the company is involved in lots of business operations.

Before learning about the car insurance products that the company introduces, let’s quickly read a little more about the two giants that have collaborated. ICICI Bank is the second largest bank in the country while Fairfax Financial Holdings Limited is a famous financial company from Toronto. 64% of the stakes in the merger are owned by ICICI Bank while 36% is held by Fairfax International. It would be right to describe the company as India’s largest and most renowned general insurance company.

ICICI Lombard offers a wide variety of products. From car insurance, two-wheeler insurance, and health insurance, to overseas student travel insurance, weather insurance and two-wheeler insurance, there are a lot of products to learn about. Third-party car insurance policies, standalone own-damage car insurance policies, and comprehensive car insurance policies are all available from the insurer. The car insurance products offered are best regarded.

ICICI Lombard Car Insurance

When it comes to car insurance, the ICICI Lombard provides all sorts of policies which comprise a third party plan, standalone own-damage plan, and comprehensive plan. These plans are meant to offer you compensation in case your car gets damaged in an accident, fire, theft, natural or man-made calamity and even for events where you may end up damaging third party people or their property in an accident. The insurer offers low-cost car insurance plans that protect you against risks so you can drive without worry. In addition, the insurer provides Rs. 15 lakh in coverage for injuries to the registered owner driver while driving or getting in or out of the car.

In addition to various insurance policies, ICICI Lombard General Insurance provides a variety of add-ons for a charge, such as roadside assistance, engine cover, consumables protect cover, zero depreciation cover, garage cash cover, loss of personal belongings cover, and so on.By opting a car insurance policy from ICICI Lombard, you can enjoy several benefits such as affordable premiums, easy renewals, No claim bonus up to 50%, cashless repairs in 4,300+ network garages, quick claim settlement and many more.

Significant Points of ICICI Lombard Car Insurance