ICICI Lombard GIC Ltd.

is a 74:26 joint venture between ICICI Bank Limited and Fairfax Financial Holdings Limited , a Canada based USD 30 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.
ICICI Lombard GIC Ltd. is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of 36,948 million. The company has 4,634 employees and 350 branches as on March 31, 2010.

ICICI Lombard GIC Ltd was awarded the General Insurance Company of the Year at the 11th Asia Insurance Industry Awards. The company also won the NDTV Profit Business Leadership Award 2007 It was adjudged as the most Customer Responsive Company in the Insurance category at the Economic Times Avaya Global Connect Customer Responsiveness Award 2006. It has the Gold Shield for Excellence in Financial Reporting by the ICAI (Institute of Chartered Accountants of India) for the year ended March 31, 2006.

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Two Wheeler Insurance Four Wheeler Insurance

Key Benefits
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A digitally signed policy is issued immediately through our online facility. Access to over 2700+ network garages for cashless claims servicing across India. Optional Personal Accident cover for co-passengers Avail NCB on renewals if no claim is made during the previous policy period. Transfer all No Claim Bonus (NCB) benefits when shifting your motor insurance policy to ICICI Lombard. 5% discount for recognised Automobile Associations Members. 2.5% discount for ARAI approved anti theft device in your vehicle. Avail add-on covers for electrical and non-electrical items. Buy Online and pay in installments without any extra charges.

All types of Vehicles

% of Discount on OD premium 20%

No claim made or pending during the preceding full year of insurance No claim made or pending during the preceding 2 consecutive years of insurance

25%

No claim made or pending during the preceding 3 consecutive years of insurance

No claim made or pending during the preceding 4 consecutive years of insurance No claim made or pending during the preceding 5 consecutive years of insurance

35%

45%

50%

Loss or Damage to your vehicle against Natural Calamities Loss or Damage to your vehicle against Man-made Calamities Personal Accident Cover Third Party Legal Liability

Normal wear and tear and general ageing of the vehicle. Depreciation or any consequential loss. Mechanical/ electrical breakdown. Wear and tear of consumables like tyres and tubes unless the vehicle is damaged at the same time, in which case the liability of the company shall be limited to 50% of the cost of replacement. Vehicles being used otherwise than in accordance with limitations as to use. Damage to/ by a person driving any vehicles without a valid license. Damage to/ by a person driving the vehicle under the influence of drugs or liquor. Loss/ damage due to war, mutiny or nuclear risk

All vehicles are insured at a fixed value called the Insureds Declared Value (IDV). IDV is calculated on the basis of the manufacturers listed selling price of the vehicle (plus the listed price of any accessories) after deducting the depreciation for every year as per the schedule provided by the Indian Motor Tariff. If the price of any electrical and / or electronic item installed in the vehicle is not included in the manufacturers listed selling price, then the actual value (after depreciation) of this item can be added to the sum insured over and above the IDV.

Key Benefits A digitally signed policy is issued immediately through our online facility. Access to over 2700+ network garages for cashless claims servicing across India. Optional Personal Accident cover of upto 2 Lakhs for copassengers. Doorstep surveyor facility to cover your car with a break-in insurance. Avail NCB on renewals if no claim is made during the previous policy period. Towing charges up to 1,500 in case of accidental damage (as per the policy terms and conditions). Transfer all No Claim Bonus (NCB) benefits when shifting your motor insurance policy to ICICI Lombard. 5% discount for recognised Automobile Associations Members. 2.5% discount for ARAI approved anti theft device in your vehicle. Avail add-on covers for items such as fog lights, music system and seat covers. Buy Online and pay in instalments without any extra charges.

All types of Vehicles

% of Discount on OD# premium

No claim made or pending during the preceding full year of insurance

20%

No claim made or pending during the preceding 2 consecutive years of insurance

No claim made or pending during the preceding 3 consecutive years of insurance No claim made or pending during the preceding 4 consecutive years of insurance No claim made or pending during the preceding 5 consecutive years of insurance

25%

35%

45%

50%

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4.

Loss or Damage to your vehicle against Natural Calamities Loss or Damage to your vehicle against Man-made Calamities Personal Accident Cover Third Party Legal Liability

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4.

5. 6. 7. 8.

Normal wear and tear and general ageing of the vehicle. Depreciation or any consequential loss. Mechanical/ electrical breakdown. Wear and tear of consumables like tyres and tubes unless the vehicle is damaged at the same time, in which case the liability of the company shall be limited to 50% of the cost of replacement. Vehicles including cars being used otherwise than in accordance with limitations as to use. Damage to/ by a person driving any vehicles or cars without a valid license. Damage to/ by a person driving the vehicle under the influence of drugs or liquor. Loss/ damage due to war, mutiny or nuclear risk.

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All vehicles are insured at a fixed value called the Insureds Declared Value (IDV). IDV is calculated on the basis of the manufacturers listed selling price of the vehicle (plus the listed price of any accessories) after deducting the depreciation for every year as per the schedule provided by the Indian Motor Tariff. If the price of any electrical and / or electronic item installed in the vehicle is not included in the manufacturers listed selling price, then the actual value (after depreciation) of this item can be added to the sum insured over and above the IDV. In case of vehicles fitted with bi-fuel system such as Petrol/ Diesel and CNG/ LPG, permitted by the concerned RTO, the CNG/LPG kit fitted to the vehicle is to be insured separately at an additional premium of 4% on the value of such kit. You need to specifically declare this in the proposal form.