Why Should You Opt For ICICI Lombard Car Insurance?
Published On Oct 14, 2021 10:00 AM By InsuranceDekho
Choosing ICICI Lombard Car Insurance. Go through this article to take a note of the things that you should consider while choosing ICICI Lombard Car Insurance.
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The ICICI Lombard insurance policy, often called car package insurance, protects you financially if your car is destroyed in an accident or natural disaster. Additionally, it protects your car against theft and burglary. At times, you may wind up injuring people or causing damage to property due to an accident. A car insurance policy also covers third-party liability. If you own a car in India, you must have third-party insurance. That is why it is essential to purchase and renew your insurance on time to ensure compliance with the law and coverage for car damage.
Why Should You Opt For ICICI Lombard Insurance?
Our dependable car insurance coverage protects you against all of these dangers at a reasonable price, allowing you to drive worry-free. Apart from comprehensive car insurance, plans for third-party only and own-damage only are also available. You may choose the insurance type that best suits your requirements.
What Are The Benefits Of ICICI Lombard Insurance?
ICICI Lombard has many benefits which are very satisfying for the customer -
Absence Of Depreciation
Zero Depreciation is an add-on car insurance policy that provides complete settlement without any depreciation deduction compared to standard car insurance. This kind of coverage provides a comprehensive policy at a little higher cost than a standard auto insurance policy. This kind of coverage is often reserved for mid-and top-segment costly and luxury cars since most consumers choose a more comprehensive policy to maximize their advantages.
Network Of Cashless Garages
Car insurance companies often have their network of facilities where an insured car is serviced. In a Cashless Garage Network, the insurance provider is directly responsible for the costs associated with an insured car. The owner is thus free of any difficulties associated with paying costs related to the car damage. The car owner is only obliged to pay the garage the difference in the amount certified by the claims manager. However, the Insured must bear the Depreciation cost at the rate specified by the Indian car Tariff and Compulsory Deductions under the policy. The primary advantage of having a Cashless Garage Network (Cashless car Insurance) is that it relieves the car owner's worry and eliminates the many procedures associated with a claim. ICICI Lombard has a network of more than 3500 cashless garages across India.
You may also like to read: Everything About Multi-Year Car Insurance Plans
Bonus For Failure To Claim
No Claim Bonus, abbreviated as 'NCB,' is a discount offered by the insurer to policyholders who make no claims. Additionally, it is an effective method of gradually lowering your insurance cost. NCB is accessible to those who have not made an insurance claim in the previous calendar year of coverage. NCB is also transferable to a new car if the owner chooses to do so in the future. This may result in a reduction in the renewal price based on the number of claim-free years.
Coverage For Personal Accidents
Personal Accident Insurance protects you against death or disability as a result of an accident. In essence, the car insurance policy includes Personal Accident coverage for the owner-driver, as specified in the tariff, for which no additional payment is required. Personal Accident coverage must be bought individually for anybody other than the owner and driver by paying an extra premium. Compensation is given following the level of coverage selected.
Our private car insurance policy's main advantages include affordable rates, simple renewal, and prompt claim settlement. Additionally, we have a network of approved workshops that provide digital surveys* to expedite claim processing, pick-up, drop-off, sanitization of high-touch areas on your car, a dedicated customer service manager, and quality assurance on repairs.
Additionally, we provide other coverages for a minimal additional cost that may substantially enhance your car insurance package. By purchasing add-ons to your car insurance policy, you may significantly reduce the cost of repairs.
How To Claim Car Damages Due To Natural Calamity Under Car Insurance?
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.