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 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 offer a wide variety of products. From health insurance, two wheeler insurance and car insurance to overseas student travel insurance, weather insurance and two-wheeler insurance, there are a lot of products to learn about. Headquartered in Mumbai, ICICI Lombard is spread over 253 branches. The company is much trusted.
ICICI Lombard Car Insurance Claim Process
Inform the Insurance CompanyIntimate about your claim by calling up ICICI Lombard’s toll-free number 1800 2666 You can visit the workshop and communicate the same
Drop In At the WorkshopYou can either get your vehicle towed to the nearest garage or drive your car to a nearby workshop
Process of Survey CommencePost intimation of claim, a surveyor is appointed in 24-48 working hours
Provision of Necessary DocumentsThe insurance company must be provided with essential documents like DL, Claim Intimation Form, Policy Copy, Aadhar Card, RC, Repair Estimate and PAN Card
Survey is completedA detailed survey of the vehicle is completed in 24-48 working hours
Surveyor Makes the Final DecisionA detailed survey is performed. The surveyor then accepts or rejects the claim. Post approval, repair works begin
Delivery Order is issuedOnce the repairs are done with, a survey is proceeded and the delivery order is issued
Non-Cashless – What’s The Deal?In case of non-cashless claims, you will need to foot the bills of repairs done. Soon after, the amount is reimbursed by the insurance company
ICICI Lombard Car Insurance FAQ’s
I want to purchase my car insurance from ICICI Lombard. What are the advantages I can get?
ICICI Lombard rewards you with ample of benefits on purchasing car insurance. You are entitled to instant issuance of policy and can also avoid finishing tons of paperwork. Paying for your policy is easy too. Debit card, credit or net banking – use any of the following and get your policy done in minutes
Can I renew my ICICI Lombard policy online?
Of course you can. Just log into your policy page and keep tabs on the expiry date. To be on the safe side, get your policy renewed at-least 60 days in advance of the expiry date. However, if the expiry date is crossed, the vehicle must be inspected before the policy is renewed
I already have a car insurance policy from another company. Can I renew my policy with ICICI Lombard?
You can definitely renew any car insurance policy with an ICICI Lombard vehicle insurance policy. Cherry on the cake – it can be done online. Just apply and proceed with the payment using debit card, credit card or net banking and your policy will be renewed in minutes
What is the meaning of constructive loss in ICICI Lombard?
Accidental damages and loses can be overwhelming at times. If the costs of repairing exceed 75% of the vehicles original IDV, the situation is referred as constructive loss
What services can I expect on choosing ICICI Lombard Road Side Assistance?
There are a bunch of services you can avail on opting for a road side assistance cover from ICICI Lombard. Here’s a list:
- Battery jump start
- Provision of rental vehicle
- Replacement of flat tyre
- Towing facilities
- Urgent supply of fuel
- Assistance on breakdown over phone
- Making arrangements for keys
- Arrangements for accommodation
- **To know more, you can always refer to the insurance company's policy wordings**
In circumstances of a car breakdown, will ICICI Lombard pay for the expenses or provide necessary services?
ICICI Lombard offers assistance in case of vehicle breakdown
What types of vehicles does ICICI Lombard insure?
ICICI Lombard insures both private and commercial vehicles. It also provides insurance for two-wheelers
In a particular policy period, how many times can I choose to go with a road-side assistance cover?
Road side assistance is a very useful add-on. However, it does not mean that the perk can be availed innumerable times. You can only make use of the add-on 4 times in a particular insurance period
How to file a claim when I have an ICICI Lombard car insurance policy?
It is easier than you think. Get in touch with ICICI Lombard on 1800 2666. Your claim will be registered and you will be given a claim registration number. Your job is mostly done here. The rest will be taken care of by the company
How to buy an ICICI Lombard car insurance policy?
You can purchase an ICICI Lombard by calling us at 7551196989. We do the rest and check for quotes
Benefits of ICICI Lombard Car Insurance
- A dent in your car can burn holes in your wallet. Pair your insurance with a zero dep from ICICI Lombard and enjoy better savings
- Policies are issued instantly and there are no hassles regarding paperwork too
- Prompt roadside assistance to help you with minor repairs, accommodation and lots more in case your car breaks down
- Enjoy the benefits of garage cash cover. Allowance is paid out when your car is undergoing repair works
- Avail quick cashless services at 5900+ garages
Latest Car Insurance News
ICICI Lombard Car Insurance Add-Ons
Do you know that car is a depreciating asset? Wear and tear of parts is inevitable. However, it increases deduction in the form of depreciation. A zero depreciation cover, also popular as bumper-to-bumper saves you a great deal from such deductions
No insurance pays for consumables like nuts, bolts, brake fluids, lubricant, grease and others. Choosing a consumables cover prevents you from spending riches to replace these or repair the same
Garage Cash Add-On
How are you planning to commute when your car is parked in a garage or workshop for a duration much longer than expected? This is when having a garage cash cover is of great benefit. It provides daily allowance for as long as the car is in the garage
Unfortunate breakdowns in the middle of nowhere - do you feel the panic already? Well, having a roadside assistance cover will help you calm down. Emergency services are provided such as flat tyre change, fuel refilling, towing, battery jump-start, key pick-up, mechanic visit and others
Engine is undoubtedly the most essential and the heart of a vehicle. Getting a defunct engine repaired is a costly affair. This add-on ensures that issues like engine failure and damages to the engine caused due to external factors like flooding and others are paid by the insurance company
Return To Invoice
This add-on is particularly useful to cars aging less than a year. RTI provide the owner with a 100% reimbursement on the car value in circumstances of total loss
Almost everyone is aware of the fact that No Claim Bonus accrues when no claim is made in the previous year. NCB can be carried forward year on year until it reaches a maximum of 50%. However, if you have unfortunately opted for a claim, the NCB accumulated is nullified right-away. This cover safeguards your accumulated NCB as per terms and conditions of the insurance company
Loss of Personal Belongings
The cover provides compensation in case of valuable items like laptops, mobile phones, jewelry and others that are lost from a locked vehicle. Please Note: the owner can make a claim only after filing FIR at the nearest police station
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.