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Icici Lombard Car Insurance

By Author: Mayuri Navarkhele
Total Articles: 5

Overview:

ICICI Bank Limited and Fairfax Financial Holdings Ltd. together they shaped ICICI Lombard General Insurance Company. ICICI bank is a private bank of our country and Fairfax Holdings is a canada based enterprise. Currently, ICICI Lombard occupies a dominant position within the wellknown insurance zone.A car is one of the most prized possessions of the family. hence, it will become all the greater important to put money into a car insurance plan on a well timed foundation to be able to defend it from all risks that it is probably subjected to.ICICI Lombard is a trusted insurer that provides some of the best car insurance plans in the market. ICICI Lombard's car insurance plan protects your car against third party personal liability as well as provides own damage cover that ensures your damages are covered without you having to break a sweat.


About ICICI Lombard Car Insurance:

ICICI Lombard Car Insurance is one of India's most recognizable and rewarded car insurance undertakings.ICICI Lombard's road safety campaigns, inclusive of its 'Belt Up India' mobile app and promotional videos that advocate avenue safety and particularly target kids, were quite preferred. All in all, is going beyond its tagline and offers greater at more than one levels.

Why Choose ICICI Lombard Car Insurance?

Choose ICICI Lombard because it covers following covers,

Zero Depreciation Cover
Roadside Assistance Cover
Garage Cash Cover
Cashless servicing at 3,400+ network garages
Accident Cover
Discounts on Renewal
No Claim Bonus (NCB)
A wide range of add-on options
Hassle-free claim settlement process
24/7 call center
Endorsements
Special discounts
Dicounts offered by ICICI Lombard:
NCB discount
Opting for Voluntary Deductions
Installing Anti-Theft devices
Membership of AAI
Anti-Theft Devices
Third Party Property Damage (TPPD)
Voluntary Deductions
Handicap Discount
Automobile Associations

How is the IDV determined:
First of all the total of the insured car's selling price (as listed by the manufacturer) and the listed price of accessories is calculated.
From this sum the insured car's depreciation value for every year (depending on the schedule provided by the Indian Motor Tariff) is deducted from that.
At last the final figure arrived from above two steps is the Insured Declared Value (IDV).

Types of Coverage of ICICI Car Insurance:

Personal Accident Cover
Damage caused due to Man-made Calamities
Damage caused due to natural disaster
Third Party Legal Liability Claim Process ICICI Lombard Car Insurance
What is Insured Declared Value (IDV)?
Insured Declared Value (IDV) is the most Sum assured fixed through the insurer that is provided on theft or total loss of car. basically, IDV is the contemporary marketplace value of the vehicle.

Exclusions of ICICI Lombard Car Insurance:
While ICICI Lombard Car insurance policy is designed to provide an adequate coverage against all ill-fated eventualities, there are certain scenarios that are excluded from the coverage. Some of them are here:

Mechanical breakdown
Consequential loss
Depreciation
Wear and tear
Any contractual liability
Intoxicated driving
Deliberate accidental loss
Damage due to nuclear weapons and war

To Read More :https://www.policyplanner.com/blogs/icici-lombard-car-insurance/

Total Views: 20Word Count: 446See All articles From Author

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