ICICI Lombard Bike/Two Wheeler Insurance Policy

A two-wheeler insurance policy provides cover against damage caused to your bike or scooter in the event of any accident. If there is any kind of damage to your bike in an accident then this cost is borne by the insurance company. This policy protects you against your own loss as well as third party liabilities.

Features And Benefits Of ICICI Lombard Bike Insurance

1. Instant Policy Issuance:

The process of buying ICICI Lombard bike insurance is quite simple. You can buy it easily in just a few minutes. All you need to do is visit the ICIC Lombard website, fill in the details of your scooter or bike, select the coverage option, make the payment, and the policy is issued to you.

2. Immediate renewal facility:

With ICICI Lombard bike insurance policy, you can renew your policy online without any inspection and extra charges. For this you need to enter your previous policy details and your policy will be renewed after making payment. However, in case of breakdown, your two wheeler can be inspected by the company.

3. No Claim Bonus:

No Claim Bonus is provided to you by the insurance company if you have not submitted any insurance claim during the policy term in your ICICI Lombard Bike Insurance Policy. But this requires that you have renewed your policy within 90 days of the end of your policy period. You can also pay your premium through this no claim bonus.

4. Personal Accident Coverage:

This policy also provides you with personal accident coverage. In this, accident cover is provided for the driver and co-passengers. Owner driver is provided with Rs 15 lakh while for permanent passengers a cover of Rs 2 lakh is available at additional premium.

• Read Also SBI General Two Wheeler Plan

5. Accessories :

In this, you are provided coverage in case of damage to the accessories installed on your bike (like spoiler, music system, alloy wheels etc.). However, you have to pay a little extra premium for this.

6. 24×7 Claims Support:

In this, you can get medical help anytime for 24 hours. For this you can contact the company’s toll free number anytime.

Types Of ICICI Lombard Two Wheeler Insurance Policy

1. Two Wheeler Package Policy:

This type of ICIC Lombard Two Wheeler Insurance policy provides coverage in case of accidental damages caused to the own vehicle as well as any damages caused to the third party. It provides a comprehensive coverage.

2. Two- Wheeler Liability Policy:

This type of two wheeler insurance policy provides coverage against third party liabilities arising as a result of any accident. In case of third party injury to any person or any damage to his property or the property around him, then this cost is borne by the insurance company.

3. Stand – Alone – Damage Two Wheeler Insurance :

This bike insurance covers damages caused to your two-wheeler due to natural calamities (earthquake, flood, cyclone, landslide, etc.) or man-made calamities (theft, theft, riot, strike, etc.).

ICICI Lombard Two Wheeler Insurance Policy Coverage

• Damage to the two-wheeler due to natural calamities (fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, etc.),
• Damage to your two-wheeler against man-made calamities (burglary, theft, riot, strike, malicious act, terrorist activity etc.),
• personal accident cover,
• third party legal liability,

ICICI Lombard Two Wheeler Insurance Policy Add-On

CIC Lombard Two Wheeler Insurance allows you to add a variety of add-ons. Through this you can avail additional coverage for your two-wheeler. Some of these add-on covers are discussed below-

1. Roadside Assistance Cover :

If for some reason your bike gets damaged on the way, you can avail the facility of getting your bike repaired or replaced through this add-on cover. During the towing facility or repair assistance you are also covered for hotel stay or cab ride if required.

2. Zero Depreciation Cover:

In two wheeler insurance, the insurance company deducts the depreciated value on the parts of the two wheeler while settling the claim and you have to pay the same yourself. Through this add-on cover, you can avoid the cost of deducting that depreciation.

ICICI Lombard Two Wheeler Insurance Policy Exclusions

• Depreciation.
• Damage caused by driving a two wheeler under the influence of drugs or alcohol.
• Wear and tear of consumables such as tires and tubes.
• Mechanical/electrical breakdown.
• Damage due to war, rebellion or nuclear risk.