ICICI Lombard Comprehensive Bike Insurance Policy

ICICI Lombard is a leading general insurance company in India. It is renowned for its reliability and prompt service over the years. Additionally, it has solidified its position as a preferred option among other Indian insurance providers. Among its many other offerings, ICICI Lombard gives a comprehensive bike insurance plan, which includes third-party and own damage coverage. Furthermore, they also offer an extensive selection of add-ons to cater to individual preferences and requirements.

How does ICICI Lombard Comprehensive Bike Insurance Work?

The ICICI Lombard comprehensive bike insurance policy integrates mandatory third-party coverage with its own damage policy coverage. This policy cover ensures financial protection for your bike against both third-party liabilities and damages incurred. In case of an accident, the comprehensive bike insurance policy covers the cost of third-party liabilities and the repair/ replacement expenses for your bike.

Key Features of ICICI Lombard Comprehensive Bike Insurance

The key benefits provided by ICICI Lombard comprehensive bike insurance are:

• Third-party covers: ICICI Lombard offers a mandatory third-party insurance policy.

• Protection against Theft: In case of theft, ICICI covers the cost by paying you the IDV of the bike.

• Protection against Vandalism: In the case of damages due to acts of terrorism, riots, or vandalism, this policy covers the cost of repair.

• Protection against natural disasters: The ICICI Lombard comprehensive plan provides coverage to include damages caused upon your bike by natural disasters such as floods, cyclones, earthquakes, and fire.

• Highly Reliable: ICICI Lombard has a customer base of more than 40 million individuals. The company achieved an impressive 93.4% claim settlement ratio within motor insurance.

• Cashless Garages: Customers get the benefit of a magnificent network of 13000+ cashless garages where you will not have to pay post repair which makes the process quick and hassle-free.

• IL Take Care App: The IL Take Care App is a centralised platform for all your insurance-related needs and interactions. It facilitates instant claims processing, allowing you to apply for claims swiftly and conveniently.

How To Buy ICICI Lombard Comprehensive Bike Insurance?

You should have the following documents handy while you plan to purchase insurance: (1)

1. You should have access to the mobile where you will receive the OTP for verification.
2. Your KYC details.

Purchase ICICI Lombard Insurance Policy with InsuranceDekho

Getting your bike insurance policy online is a hassle-free process with InsuranceDekho. Simply follow these steps to purchase your ICICI Lombard comprehensive bike policy.

Online Process

Step 1: Start by going to InsuranceDekho’s Website

Upon arrival, locate the bike insurance form conveniently placed on the homepage.

Step 2: Input Your Vehicle Number

Provide the required details, starting with your bike's vehicle number (e.g., DLXXABXXXX).

Step 3: Explore and Select ICICI Lombard's Plan

Upon entering your vehicle details, browse through the multiple insurance plans provided by various providers. Opt for ICICI Lombard's comprehensive plan to proceed.

Step 4: Customise with Add-ons

Tailor your ICICI Lombard plan by selecting desired add-ons, and improving your coverage as per your preferences. Please note that each add-on chosen will be reflected in the premium amount.

Optional Step: Get Guidance from an InsuranceDekho Advisor

If you have queries or require clarification on ICICI Lombard's bike insurance plan, opt for the "request a call back" feature. An InsuranceDekho advisor will promptly assist you with information and support.

Step 5: Fulfill KYC Requirements

Enter essential identification details such as Aadhaar or PAN, along with your mobile number, to complete the KYC process.

Step 6: Review and Confirm Details

Verify the pre-filled form containing your vehicle particulars. Ensure accuracy; if corrections are needed, make them accordingly before proceeding.

Step 7: Conclude with Payment

Complete your purchase by completing the payment process. Options include credit/debit card, UPI, or net banking for your convenience.

After the purchase is completed, you can download your policy documents from the support tab of the InsuranceDekho website.

Offline Process

If you prefer a hands-on approach to purchasing ICICI Lombard comprehensive bike insurance through InsuranceDekho offline, simply reach out to our customer support team at 7551196989 or drop us an email at support@insurancedekho.com to schedule a personalised home visit from our relationship manager.

Our relationship manager will visit your residence at the agreed-upon date and time, guiding you through the entire insurance purchasing process with comprehensive assistance.

Purchase ICICI Lombard Insurance Policy via Insurer’s Website

To get comprehensive bike insurance from ICICI Lombard, you have many options available. You may take a look at their official website, pay a visit to the nearest branch, or simply dial their customer care number.

Benefits of Buying Your Bike Insurance from InsuranceDekho

Here are several advantages you can expect when purchasing through InsuranceDekho:

• Certified Broker: With over eight years of experience in the insurance industry, InsuranceDekho is an IRDAI-certified broker, ensuring credibility and expertise.
• Trusted Brand: As a well-known entity within the CarDekho Group, we have a legacy of more than 15 years in the industry, earning trust and recognition.
• Comprehensive Offering: From bike, health, life, and term insurance to travel, investment, and shop coverage, we provide many insurance options to cater to various needs.
• Vehicles Insured: We have insured over 50 lakh vehicles and our dedicated relationship managers are available 24/7 to provide instant assistance and support.
• Quick Assistance: You can expect quick responses to all your inquiries with insurers, providing swift resolution and support.
• Dedicated Claim Support: As our customer, you'll be assigned a dedicated member from our claim support team to help you throughout the entire claim settlement process.

Documents Required to Buy ICICI Comprehensive Bike Insurance Policy

1. It is important to note that you need identification proof which could be:

• Passport
• Driving licence
• Aadhar
• PAN Card
• Any other Government issued photo ID

2. A proof of address is also necessary, which can be any of the following:

• Passport
• Driving licence
• Bank or post office passbook
• Government issued address proof

3. A recent passport-size photograph
4. Driving licence
5. Your vehicle RC (Registration certificate)

Note: Although insurers may not initially ask you to upload documents, they usually request the information contained within them. It's wise to have these documents easily accessible, as you may be required to upload or submit copies of them when processing a claim.

ICICI Lombard Comprehensive Bike Insurance Claim Process

Filing a claim with ICICI Lombard is straightforward and does not have any unnecessary complications. Here are the steps to follow when initiating a claim. Additionally, it's crucial to promptly inform ICICI Lombard about any damages and their causes as soon as they come to your attention. (2)

How to File a Claim?

After completing the document preparation, the claim process is as follows:

1. Submission of Claim Form: Kindly ensure the completion of the claim form and its submission to the insurer, along with the necessary documents.
2. Survey and Investigation: The insurer will assign an officer to perform a thorough survey and investigation of the damage. This will be followed by the calculation of the estimated loss.
3. Claim Authentication: Once the claim's authenticity is verified, and it receives approval, the settlement will be distributed. This may entail direct payment to the garage for cashless settlement or reimbursement to you, depending on the circumstances.
4. Theft Claim Process: If your bike is stolen, the claim process may be delayed while awaiting police investigation. There's a possibility that the police may recover your stolen bike during this time. It's crucial to notify both the police and your insurer about any documents that were in the stolen bike and start the issuance of duplicate documents as soon as possible.

Documents Required

If you want to avoid the risk of claim rejection due to incomplete documentation, it's essential to organise your paperwork before filing a claim. We have provided the list of necessary documents below:

• Copy of RC
• Copy of driving licence of the person driving during the incident ( if applicable)
• Copy of FIR ( if applicable)
• Original estimate of repair cost
• Receipt of payments made which is eligible for reimbursement
• Policy certificate

Claim Assistance by InsuranceDekho

Although you can directly approach ICICI Lombard for claim assistance, InsuranceDekho, as your partner in purchasing or renewing your bike insurance, also offers support with the claims process. Our dedicated team ensures that your documents are authenticated, helps with filing claims promptly, and helps you avoid potential issues that could delay your claim. This additional support eases your efforts in getting a claim from ICICI Lombard.

ICICI Lombard Comprehensive Bike Insurance Renewals and Cancellations

You can renew or cancel your ICICI Lombard bike insurance policy as needed. InsuranceDekho offers straightforward procedures to facilitate both renewal and cancellation of your existing policy.

ICICI Lombard Bike Insurance Policy Renewal

Renewing your ICICI Lombard bike insurance through InsuranceDekho is easy, requiring just a few straightforward steps outlined below:

Online Process

Step 1: Start by going to the official InsuranceDekho website and access the "Support" option located on the top bar.

Step 2: From the dropdown menu, select the "Renew Policy" tab.

Step 3: Enter your mobile number and proceed by clicking on "Send OTP".

Step 4: Your ICICI Lombard bike insurance policy details will be displayed on the screen.

Step 5: Finalise the renewal process by clicking the "Renew" button.

Step 6: Complete the payment using your preferred online method to successfully renew your policy.

Please note that you can also opt to renew your policy directly through the ICICI Lombard website, following similar steps.

Offline Process

For those who opt for a traditional approach and prefer to renew their policy offline after in-depth discussions with sales executives, there are various methods available:

Request Home Assistance from InsuranceDekho: Reach out to an InsuranceDekho advisor via phone to arrange for home assistance. A dedicated Relationship Manager from InsuranceDekho will personally visit your residence to guide you through the renewal process.

Visit the Insurer's Local Branch: Alternatively, you have the option to visit the nearest ICICI Lombard branch office in your city for policy renewal.

ICICI Lombard Bike Insurance Policy Cancellation

Before proceeding with the cancellation of a comprehensive bike insurance policy, it's essential to understand its components and implications:

• Only the 'own damage' component of your comprehensive policy can be cancelled.
• The third-party policy cannot be cancelled but can be transferred to another insurer.

By law, all vehicles must have third-party insurance coverage. Therefore, before cancelling your current comprehensive policy, you must purchase alternative third-party insurance to fulfil legal obligations and ensure continuous coverage for your bike.

To initiate the cancellation process, contact InsuranceDekho's customer support team by calling 7551196989 or send a cancellation request to support@insurancedekho.com. You will be required to provide the following documents:

• Copy of Identification document
• Copy of bike's registration certificate
• Policy documents
• A formal letter or email requesting to cancel the policy
• Proof of new third-party insurance purchase ( in case you wish to cancel third-party policy)

After receipt and verification of these documents, your policy cancellation will be processed. You will receive a full refund for the cancellation of your third-party policy. However, for the cancellation of your own-damage policy, a pro-rata amount will be deducted from the refund. This deduction covers the period between the policy purchase and its cancellation.

Covered Vs Not Covered Under ICICI Lombard Comprehensive Bike Insurance

While your ICICI Lombard comprehensive bike insurance policy provides coverage for both own damage and third-party liabilities, it's crucial to carefully review the inclusions and exclusions outlined within the policy terms.

Inclusions

• Damages due to accidents.
• Damages due to natural calamities
• Damages due to fire.
• Damages due to theft.
• Damages due to vandalism.
• Damages caused during transit.
• Legal liabilities due to injuries, death, or damage caused to a third party (person or property) by your vehicle.
• Damages caused to parts that were protected by add-ons in your policy like engine protection.

Exclusions

• Normal depreciation
• Mechanical/electrical breakdown due to regular usage
• Normal wear and tear
• Damage caused while driving under the influence of drugs or alcohol.
• Damage was caused while a driver without a licence was driving.
• Indirect charges like towing charges.

Please remember that the specific coverage and exclusions may differ depending on the plan and any additional add-on covers you've selected. We recommend thoroughly reviewing the policy document to ensure you have a comprehensive understanding of the terms and conditions.

Factors that Affect Your Comprehensive Bike Insurance Premium?

The below-mentioned factors are important as they affect bike insurance premium renewal. Therefore, it is always better to have a basic understanding about the same.

• Registration Year: The premiums typically decrease as bikes age. Newer bikes with advanced technology often have higher premiums, while older bikes may be less costly to repair.
• No Claim Bonus (NCB): You can enjoy a discount on your premium for each claim-free year. The length of your claim-free period directly affects your NCB, with longer periods offering higher bonuses.
• Add-ons: The additional covers such as zero-depreciation and roadside assistance offer better benefits but may also increase premiums.
• Make, Model, Variant: Your bike's make, model, and variant significantly influence your premium. Sports and luxury bikes with powerful engines generally command higher premiums, while sedans typically have higher premiums than hatchbacks.
• IDV (Insured Declared Value): The IDV shows your bike's estimated value at the time of insurance renewal and plays a major role in determining your premium. Multiple factors such as the bike's market value, depreciation, and condition contribute to the calculation of IDV.

How to Calculate Comprehensive Bike Insurance Premium Online?

The premium for your bike is affected by factors such as the registration year, make, model, and variant. To determine the premium for your bike online, follow these steps:

1. Go to the bike premium calculator tool available on the InsuranceDekho website.
2. Find the calculated premium box on the right side of the screen.
3. Enter the registration number of your vehicle and click on "check premium."
4. Review the list of insurers and their corresponding quotes.
5. At the top of the list, click on "Plan Type" and choose "Comprehensive."
6. You will now be able to view the premiums for comprehensive bike insurance from various insurers.

ICICI Lombard Comprehensive Bike Insurance Support

The advantages of selecting InsuranceDekho is not just limited to just purchasing your comprehensive bike insurance policy. Even after your policy is active, we continue to provide support to our customers. Whether you require assistance with the claim settlement process or have queries that need clarification, you can always reach out to our dedicated customer support team for assistance.

• Call Support: Contact our support team by calling +91-7551196989
• Email Support: Or write to us at support@insurancedekho.com.

Address:

• Girnar Insurance Brokers Private Limited,
• Plot no.301, Phase-2,
• Udyog Vihar, Gurugram-122022,
• Haryana, India

ICICI Lombard bike insurance plan comes with a variety of benefits for its policyholders which are described below.

• Quick and easy claim settlement process.
• Availability of round the clock customer assistance service.
• The coverage of the policy can be extended by opting for add-on covers.
• The insurer compensates for the own damage incurred by the insured’s bike.
• The insurer relieves the policyholder from the third party/legal liabilities towards a third party.
• ICICI Lombard insurance company provides cashless service at more than 8,800 garages pan India.