Motor Insurance Policy: What Does The Policy Cover?

MOTOR INSURANCE POLICY
Motor insurance is mandatory for your vehicle. This is

one of the reasons why we take it for granted. We
invest very little time to check the insurance
documents given to us, or to study the details of the
cover, or to even check on the company issuing the
policy to us.
But all this can make a difference, in case an
unfortunate incident does take place with your
vehicle. It's not only difficult to commute, but you also
have the added hassles of making sure that your
vehicle is repaired, and coordinating with the
insurance company to settle your claim.
That's where you'll appreciate the thoughtful convenience that you'll find at every turn with ICICI
Lombard. Be it the advantage of lightning fast claims service, to the cashless settlement that ensures
very limited out of pocket expenses for you. And our call centers will not only register your claims, but
also provide emergency assistance to you. So make sure that you don't have to do without your
vehicle for longer than its absolutely necessary.
What does the policy cover?

ICICI Lombard Motor Insurance Policy is a comprehensive vehicle insurance, which is
governed by the Indian Motor Tariff. It covers you for:
Loss Or Damage To Your Vehicle - Provides cover for any loss or damage to your vehicle
or the accessories due to
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, etc
Personal Accident Cover - The motor insurance provides compulsory personal accident
cover for individual owners of the vehicle while driving. You can also opt for a personal
accident cover for passengers
Third Party Legal Liability
- Covers for legal liability due to accidental damage for
Permanent injury Death of a person Damage caused to the property
Additional Covers
Electrical/non-electrical accessories can be covered, e.g. Fog Lights, Music System, Seat
Covers, etc. You can also cover your bi-fuel system such as CNG.
Exclusive Features
Immediate policy issuance through online facility
Trauma/Towing services available through 24x7 call center
Towing charges up`to1500 covered
Cashless claim settlement at network dealers
Online approval for minor claims through cashless network dealers
At what value do I insure my vehicle?

The Indian Motor Tariff predetermines the value for every type of vehicle, based on the age of the
vehicle. It is calculated on the basis of today's showroom price of the vehicle, and decreased by
the depreciation rate to be applied as per the age. This value is called the IDV or the Insured's
Declared Value.
How is the premium calculated?

The basic premium is calculated as per Indian Motor Tariff. It depends primarily on the following
factors : Type of vehicle Age of vehicle Period of coverage Discounts/loadings IDV
Discounts
Appropriate Bonus / loading / discounts are taken into account while calculating your premium. Also
past claims experience, security and additional features are considered.
Some of the discounts are mentioned below :
If you do not make any claim over a period of time, a No Claim Bonus (NCB) is offered on
renewals. This discount can go as high as 50%. However if there is any claim, the discount (NCB)
will be zero for the next renewal
Therefore, before making small claims, one should be careful. Especially, when you have a high NCB.
You will get the full benefit of No Claim Bonus, even when you shift your motor insurance policy
to ICICI Lombard from any other insurance company
A further discount on the premium is also available if you opt for Voluntary Excess in addition to
compulsory excess. Compulsory excess is the amount of the loss, which the insured has to bear
in each and every claim
You can also avail of additional discount if you are an active member of a recognised Automobile
Association in India
What should I do in case of a claim?
1
Inform the 24x7 Call Center
with your policy details
ICICI Lombard authenticates

the policy details
and issue a claim no.
Submit documents to
workshop (Claim Form, Driving
License, RC Copy, Policy Copy)
Surveyor onsite within

24 hours
5
On spot approval
Repair of vehicle
Reinspection and
delivery of vehicle
In case of reimbursement process, you will have to submit documents to ICICI Lombard, and we will
make the payment within 5 days of completion of documentation.
What is not covered in the policy?

Some main exclusions are :
Mechanical breakdown
Any contractual liability
Consequential loss
Intoxicated driving
Depreciation
Deliberate accidental loss
Wear and tear
Damages due to nuclear weapons material or war
Why ICICI Lombard?

ICICI Lombard General Insurance Company Limited is a 74:26 joint venture between ICICI Bank
Limited Indias second largest bank and Fairfax Financial Holdings Limited - a diversified financial
services corporate engaged in general insurance, reinsurance, insurance claims management and
investment management. Lombard Canada Ltd., a group company of Fairfax Financial Holdings
Limited, is one of Canadas oldest property and casualty insurers.
As an alliance, ICICI Lombard combines the forte of these two most trusted names in the financial
sector. It leverages ICICI Banks strong brand equity, extensive distribution network and sound
technological infrastructure to serve
customer needs. This joins forces with
Lombards domain knowledge, product
innovation and business processes
based on international best practices in
the insurance business. To the Indian
consumer this means the security of
strong parentage with access to a
range of customized and innovative
insurance solutions that is supported by
internationally benchmarked service
levels.
Buy / Renew / Service / Claim related queries

Log on to www.icicilombard.com
or Call 1800 2666
E-mail us at [email protected]
Insurance is the subject matter of solicitation. The advertisement contains only an indication of the cover
offered. For complete details on risk factors, terms, conditions, coverages and exclusions, please read the
Registered Office : ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi,
Mumbai - 400 025. IRDA Reg. No. 115. Motor 01.
Toll Free No. 1800 2666. Fax No. 02261961323. CIN U67200MH2000PLC129408. UIN 014LF1819II.
Website : www.icicilombard.com. Email:[email protected].
014375LF
sales brochure carefully before concluding a sale. ICICI Lombard General Insurance Company Limited.

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MOTOR INSURANCE POLICY

Motor insurance is mandatory for your vehicle. This is

What does the policy cover?

At what value do I insure my vehicle?

How is the premium calculated?

What should I do in case of a claim?

ICICI Lombard authenticates

Surveyor onsite within

What is not covered in the policy?

Any contractual liability

Deliberate accidental loss

Wear and tear

Damages due to nuclear weapons material or war

Why ICICI Lombard?

Buy / Renew / Service / Claim related queries

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