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ICICI
Lombard 4
Wheeler
Insurance
4 Wheeler Insurance
A comprehensive
health plan which covers Personal Accident, loss or damage of the vehicle or any
third party liability.
Coverage of the policy
includes :-
Loss or any damage of the vehicle
- The policy covers any loss or damage happened to the vehicle or its
accessories following any natural or man made calamity.
Natural Calamities – Fire,
explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane,
storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
Man made Calamities – Burglary, theft, riot, strike, malicious act,
accident by external means, terrorist activity, any damage in transit by road,
rail, inland waterway, lift, elevator or air.
Personal Accident cover - A compulsory cover of Rs 2
lakhs for the individual car owner of the vehicle which has been insured and
there is also a option to include passengers too.
Third party legal liability - This protects you
against legal liability arising due to accidental damages
- Any permanent injury/ death of a person
- Any damage caused to the property.
To Know more you can use these
alternative links:-
Why do I need a Policy
The number of road accident has
increased over the years as everyday more and more new vehicles are added to the
roads. Compared to the developed countries the figures are quite alarming in
India. Also a comprehensive Car Insurance serves as an add-on to the mandatory
third-party cover and protects the car owner from financial losses, caused by
damage or theft of the vehicle.
What
are the benefits of the policy
The
scheme provides cashless claim facility at the Cash less garage network all over
India. Towing charges of Rs 1500 can be claimed in the pretext of loss of
vehicle or accidental dmage. The other bonus and discounts include:-
No
Claim Bonus: If you do not make a claim during the policy period, a No Claim
Bonus (NCB) is offered on renewals. This discount can go as high as 50%. (NCB
will only be allowed provided the policy is renewed within 90 days of the expiry
date of the previous policy.)
Transfer
your NCB: You can transfer full benefits of No Claim Bonus when you shift
your motor insurance policy from another company to ICICI Lombard.
Voluntary
Excess discount: A further discount on the premium is
available if you opt for a Voluntary Excess in addition to the Compulsory
Excess.
Additional
discounts: If you are a member of a recognized
Automobile Association in India you can avail a discount of 5% on the OD Premium
subject to a maximum of Rs. 200.
Discount for Anti-theft Devices: In case you have installed ARAI approved
anti theft device in your vehicle, you get a discount of 2.5 % on the OD Premium
to a maximum of Rs. 500.
The
other Auto insurance policies are :-
Auto Secure by HSBC India,
Motor Insurance by Bajaj Allianz's,
Motor Plans and Two Wheeler Package Policy by ICICI
Lombard,
Motor Package and Liability Only Policies by United India
Insurance Co.
Motor Policy by The New India Assurance Co.
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