Motor Insurance by ICICI Lombard: Compare, Buy and Renew Online
The motor insurance today is surely a necessity but the number of benefits that the insurance companies are providing to the insurance holders only makes these insurance products more luring to the customers. Among the other names, ICICI Lombard has a niche for itself due to the following reasons-
· They have a record of settling 99.09% claims of health insurance within 30 days of them being filed (2016).
· ICICI Lombard motor insurance have cleared 93.2% of claims within 30 days of them being filed.
· The ICICI Lombard General Insurance Company Limited has been accredited with iAAA rating by the ICRA that is indicative of a high ability to pay claims by the company.
Motor Insurance Policy Coverage
The ICICI Lombard Motor Insurance Policy Covers the following-
1. Loss against any kind of natural calamity
The policy covers any loss or damage to the vehicle against any kind of natural calamity like earthquake, flood, fire, typhoon, cyclone, landslide and several others.
2. Loss against any man made calamity
The policy covers any loss or damage to the vehicle against any kind of calamity that is man- made like burglary, theft, terrorism, strike or any kind of damage in transit whether by road, rail, and air.
3. Personal accident cover
This includes a cover of Rs. 2 lakhs for the driver of the vehicle for any loss or damage that might occur while travelling from the car and also while mounting or dismounting from the car. There is an availability of option of additional coverage for the personal accident cover for the co-passengers as well.
4. Third Party Liability
The third party liability covers any liability that arises due to accident and results in either the death or the permanent injury to the person. This also includes any damages that are caused to the properties surrounding the accident.
The policy however does not cover the following-
· Any wear and tear of the vehicle that is normal or is associated with the aging of the vehicle
· The depreciation of the vehicle
· Any form of consequential loss
· Loss or damage due to war
· Any mechanical or electrical breakdown of the vehicle
· Damage in absence of a valid license
· Damage in case the driver of the car is caught under the influence of alcohol or drugs
· In case the vehicle is used in other ways than the use decided as per the terms of agreement
· Any wear and tear of consumables like the tubes and tyres.
Benefits of ICICI Lombard Car Insurance
1. The policy assures of road side assistance in case the car of the customer breaks down on the way.
2. The policy comes with minimum formalities and thus comes easily without any kind of delays.
3. You can also renew the policy easily with the option of motor insurance renewal online.
4. Any dents and damages to the car are covered so you never have to worry about the finances.
5. Switch to the ICICI Lombard Motor Insurance from any other policy and still retain the existing benefits.
6. While your car gets repaired, you are eligible to get any allowance incurred for your daily commuting.
7. The policy also includes the benefit of cashless repairs that is available across a wide network of garages. This certainly ensures a smooth ride.
In case of an accident or a breakdown, the first thing to do is to intimate the company about the accident on their toll free number and wait for their assistance.