Icici Lombard Bike Insurance FAQs

When it comes to technological upgrades, ICICI Lombard has reached every platform. It allows its customers to get all the information related to bike insurance in ICICI Lombard Insure app. The customers can get this app in the Google Play Store. After downloading it you can save the soft copies, register a claim, check your claim status, locate a network garage near you and track so many things under your fingertips.

ICICI Lombard works in physical offices as well as virtual offices in India. It has a total of 273 branches and more than 840 virtual offices in India. The company requires large manpower to manage its widely spread customers well.

ICICI Lombard provides 3 kinds of insurance plans for the bike. A Standalone Own-Damage covers the damages caused to the insured’s bike, a Third Party Liability cover protects the policyholder against third party liabilities and a comprehensive two-wheeler insurance policy provides insurance for loss and damage caused to the insured’s bike as well as to third parties.

The comprehensive two-wheeler policy offered by ICICI has several exclusions such as normal wear and tear and the natural aging of the car, mechanical or electrical breakdown, loss during war or nuclear risk and other consequential losses.

ICICI Lombard is one of the leading names in the field of insurance. Other than its renowned legacy there are several reasons behind purchasing bike insurance policy from ICICI Lombard such as

• Hassle free renewal process.
• More than one No Claims Bonus will be applicable.
• Single policy certificate with a validity of three years, etc.

Third party insurance is mandatory as per Indian Motor Tariff for every bike owner. A third party insurance keeps you insured against the financial and legal liabilities which may arise towards a third party due to a mishap involving your bike.

In case of loss of life in an accident, the insurer compensates the third party on behalf of the policyholder. The compensation amount in such cases is decided by a court of law.

You can contact ICICI Lombard General Insurance at their toll-free number which is 1800-2666 or visit the nearest branch/website of the insurer. It is necessary to contact the insurer immediately after the accident to raise and register a claim.

The tenure for a third party bike insurance ranges from 1 year to 5 years. However, every new bike must have a third party bike insurance for 5 years.

ICICI Lombard third party insurance has the following limitations:

• It does not provide coverage if the insured’s bike gets stolen.
• It fails to provide coverage for own-damages incurred by the insured’s bike.
• No coverage is provided in case of an accident beyond the assigned geographical extent.

A comprehensive policy provides all in one coverage that gives you financial security and peace of mind while riding your bike. Though purchasing a comprehensive bike insurance is not mandatory, it is advisable to purchase one for your bike to deal with the uncertainties of life confidently.

Yes, you can stretch the coverage under comprehensive bike insurance by opting for different add-ons offered by ICICI Lombard General Insurance. The add-ons can be chosen as per the requirement and preference of the policyholder.

ICICI Lombard comprehensive bike insurance offers the following add-on covers to its policyholders:

• Zero depreciation
• Pillion cover
• Medical cover
• Accessories cover, etc.

You can purchase the ICICI Lombard comprehensive bike insurance:

• Through their official website or at InsuranceDekho.
• By calling on at their toll-free number 1800-2666
• By visiting your nearest ICICI Lombard General Insurance branch.

The tenure of the comprehensive bike policy ranges from 1 year to 3 years. Since a comprehensive insurance is optional, one can choose between short term (1 year) or long term (3 years) policy.

Ideally, you should opt for the zero depreciation cover irrespective of the area in which you live. By opting for the ICICI Lombard Zero Depreciation cover you get the maximum coverage for any damage incurred by your bike even if you do not live in an accident-prone zone.

Zero Depreciation Cover can be purchased along with the ICICI Lombard comprehensive bike insurance policy as well as with the ICICI Lombard standalone own-damage bike insurance plan. You can visit the official website of ICICI Lombard General Insurance or you can call their customer care number 1800-209-8888.

A policyholder can claim the Zero Depreciation cover twice during the tenure of the ICICI Lombard bike insurance policy. Any further claims made in the policy tenure will be subject to deduction as the terms and conditions.

The paintwork of the insured’s bike is always subject to depreciation. The depreciation rate for paintwork is the same for policies with Zero Depreciation and policies without Zero Depreciation. The depreciation rate applicable at the paint work of the insured’s bike is 50%.

The ICICI Lombard bike Zero Depreciation does not provide coverage in case of total loss for insured’s bikes.

ICICI Lombard provides a list of the network of garages on their official site. You can visit InsuranceDekho and enter your state and city to get the list. You can also call on the insurer’s toll-free number 1800-2666 for assistance.

Yes, initially you have to pay to the garage for the repair of your bike. However, you can register a reimbursement claim along with the documents and bills. The insurer verifies the matter and disburses the amount directly to you. However, the claim amount is disbursed after factoring in the deductibles and depreciation.

The bike insurance policy has a predefined geographical extent beyond which it does not provide coverage. If the location is within the geographical limits, you can request for towing service after registering a claim. The insurer assists in taking the bike to the nearest cashless garage and resolves the claim after verification.

Yes, the claim process is time-bound. It is advisable to inform the insurer as soon as possible. The time boundation varies from one policy provider to another. The first thing a policyholder should do after an accident is to intimate the insurer about the accident and register a claim.

The quickest and easiest way to contact ICICI Lombard is to dial their toll-free number 1800-2666.

At the time of renewal, you can use the No Claim Bonus of your previous bike policy to avail some discounts on the premium of the renewed policy. However, this facility will be available to the policyholder only if he/she renews the insurance policy within 90 days of the given expiry date.

If you are renewing the ICICI Lombard bike insurance policy within 90 days of its expiry, you do not need to undergo any inspection by the company. After the lapse of a policy, if the policyholder seeks renewal, there will be an inspection by the insurance company.

The online process of renewal of the bike insurance policy does not involve any paperwork. Thus, the policyholder does not need to provide any documentation. The only information required during the renewal is the policy number or the registered mobile number.

You do not need to worry if you have lost the bike insurance policy documents. You can renew your bike policy through the official website of ICICI Lombard by just entering the registered mobile number. After the renewal, you will receive the documents of the renewed policy in your inbox.

You can get access to more information about the renewal process of ICICI Lombard bike insurance policy in the following ways.

• By calling on their toll-free number 1800-2666
• By visiting their official website or InsuranceDekho.
• Visiting the nearest branch of ICICI Lombard.

With the help of a bike insurance premium calculator, you can easily calculate the premium amount and IDV value provided by different insurance providers. It will assist you in opting for a bike insurance plan.

You can get the best premium calculator to compute the premium and Insured Declared Value (IDV) for your bike insurance plan at the website of InsuranceDekho, i.e., www.insurancedekho.com.

Yes, you can avail premium calculator to calculate the premium amount charged by various insurance companies to insure your old or used bike.

Factors which influence the premium of bike insurance cover are Owner’s Age, Insured Declared Value (IDV), Engine’s Cubic Capacity, No Claim Bonus (NCB), Anti-Theft Devices, Modifications and so on.

You should fill up details such as make, model and variant of the bike, fuel type of bike, RTO location of the bike, engine capacity of the bike, registration year of bike, and so on, to find the premium amounts provided by several insurance companies through a premium calculator.

Yes, you will have to pay for the premium charges of ICICI Lombard bike insurance add-on covers along with your regular premium amount of base insurance cover to avail them.

No, it is not mandatory to include an add-on cover in your bike insurance plan. To opt for an add-on cover in your insurance policy is your choice which could depend on your budget and requirement.

You can either include the add-on covers in your bike insurance policy at the time of insurance policy purchase or at the time of insurance policy renewal.

The ICICI Lombard General Insurance provides a range of add-on covers such as Roadside Assistance, No Claim Bonus (NCB) Protect, Return To Invoice, Garage Cash, Zero Depreciation Cover.

Yes, you can add more than one add-on cover in your bike insurance cover. In fact, you can include any number of add-on covers provided by the insurance company in your insurance plan based on your needs and budget.

You can check the status by logging into your account on the ICICI Lombard official website. Your policy status will be displayed in your account dashboard.

Some insurers offer the option to check policy status without logging in by entering details like the policy number. Check ICICI Lombard’s website to see if this feature is available.

Generally, you will need your policy number and possibly other identifying details such as your bike’s registration number.

If ICICI Lombard offers a mobile app, you can likely check your policy status through the app by logging into your account.

It’s good practice to check your policy status regularly, especially as the renewal date approaches, to ensure continuous coverage.

An 'expired' status means your policy coverage has ended, and you should renew it immediately to avoid riding without insurance.

Yes, you can usually renew your policy even if it has expired, but you might need to undergo a vehicle inspection, and there might be a lapse in coverage.

Insurance companies sometimes offer a grace period for renewal, but it’s best to check directly with ICICI Lombard for their specific policy.

Yes, you can usually check the status of your insurance claim by logging into your account on the ICICI Lombard website.

If you experience any issues, you should contact ICICI Lombard’s customer support for assistance.