Motor Vehicle Insurance

• Vehicle insurance (also known as auto insurance, GAP insurance, Car insurance, or motor insurance) is insurance purchased for cars, trucks,motorcycles, and other road vehicles. • Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom.

ICICI Lombard GIC Ltd. is the largest private sector general insurance company in India. The company issued over 56 lakh policies and settled over 81 lakh claims. The company has a network of 315 branches as on March 31, 2011. ICICI Lombard is a 74:26 Joint venture between ICICI Bank Ltd & Fairfax financial Holdings Limited

icicilombard. Health Insurance. Two Wheeler Insurance and Home Insurance.  ICICI Lombard allows instant policy issuance and renewal through its website www.ICICI LOMBARD  Its expertise lies in providing retail insurance products including Car Insurance.com . Travel Insurance.

Power Asia Pacific in India .D.  General Insurance Company of the Year at the 11th Asia Insurance Industry Awards  Rated highest in customer satisfaction by J.AWARDS WON BY ICICI LOMBARD  NDTV Profit Business Leadership Award 2007  Most Preferred General Insurance Brand award for the year 2010 by CNBC AWAAZ  It also received the “Golden Peacock Innovation Award-2010” for Rashtriya Swasthya Bima Yojana.

Types of Automobile Insurance in India  Two Wheeler Insurance Car Insurance  Commercial Vehicle Insurance .

Procedure for Four Wheeler InsuranceREGISTRATION DETAILS 1. Showroom price 1. . Model 3. Current registration type VEHICLE DETAILS Manufacturer 2. First purchase or registration details 2.

Email Id Valid Proof Get protection for accessories or not? .     CONTACT DETAILS Name of Insured Address Phone no.

5% discount for ARAI approved anti theft device in your vehicle. • Avail add-on covers for electrical and non-electrical items.KEY FEATURES • A digitally signed policy is issued immediately through our online facility. • Buy Online. • 5% discount for recognised Automobile Associations Members. . • 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. • 2. • Access to over 2700+ network garages for cashless claims servicing across India.

earthquake. • • • • • Sum Insured • All vehicles are insured at a fixed value called the Insured’s Declared Value (IDV). hurricane. typhoon. frost. • IDV is calculated on the basis of the manufacturer’s 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. rockslide. landslide. Depreciation or any consequential loss. inundation. storm. flood. Mechanical/ electrical breakdown.SUM INSURED AND COVERAGE • What is covered Loss or Damage to your vehicle against Natural Calamities Fire. hailstorm. cyclone. explosion. . tempest. self-ignition or lightning. What is not covered Normal wear and tear and general ageing of the vehicle.

you can avail cashless facility for the repair of your vehicle in any of our cashless garage network. However. if any. CLAIM PROCESS . • Contact our toll free number 1800 2666 and get your claim number / reference number. • Submit all the required documents to the dealer / CSM and get them verified with the originals. • After Registering the Claim Our Customer Service Manager (CSM) will contact you within 24 hours of registering the claim. • In Case of an Accident Note the number of the other vehicle involved in the accident. • Note down the names and contact details of witnesses.• In case of motor insurance claim. then you can claim reimbursement for the same. If the vehicle is serviced in a garage outside the purview of our network. if any.

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4.DOCUMENT REQUIRED FOR ACCIDENT CLAIM: 1. Stamp required in case of company registered vehicle . 5. 7. 6. 3. only repair invoice) 8. Claim Form duly signed RC copy of the vehicle Driving License copy Policy copy (First two pages) FIR on a case-to-case basis Original Estimate Original Repair Invoice and Payment Receipt (for cashless garage. 2.

5. Stamp required in case of company registered vehicle . 4. RC copy of the vehicle Driving License copy Policy copy Original FIR copy Final report – A no trace report from the police saying that the vehicle cannot be located. 2. 3.IN CASE OF THEFT 1. 6.

Claim Form duly signed Police FIR copy Driving License copy Policy copy RC copy of the vehicle Stamp required in case of company registered vehicle . 3. 5. 6. 2. 4.IN CASE OF THIRD PARTY CLAIM 1.

1 Dealer name Address City stat Contact e no PB Contact person Mobile no TARA OPP.Sr no . ITI BATHINDA AUTOMOBILE S MEHTA MOTOR PADAM MOTOR KRISHNA AUTOS MODERN MOTORS RAJA MOTORS IMPERIAL MOTORS BIBI WALA ROAD BATHINDA 9876040 G. TV BATHINDA TOWER MANSA ROAD GT ROAD BATHINDA BATHINDA PB PB 5 PB 6 7 PB PB .S 482 SEHKHAR 9814505 722 9216530 039 RAJEEV GOYAL GOPAL BHUPINDE R SHARMA RUPINDER SINGH GANESH SHARMA NA NA 988867 1810 9417566 083 9781401 122 2 PB 3 4 BATHINDA 40 FEET BATHINDA ROAD OPP.

List of banks offering Automobile Insurance in India Bank HDFC Bank Two /four Car insurance wheeler policy policy Auto secure Auto secure Commercial vehicle policy Auto secure ICICI Lombard Bajaj Allianze Two wheeler package policy Bajaj Allianze’s Motor policy Motor Coverage Motor plan Bajaj Allianze’s Motor insurance Motor Policy Motor plan Bajaj Allianze’s Motor policy Motor Coverage The new India .

Generally speaking.Factors Affecting Premium Amount The premium rates are governed by tariff as decided by the Tariff Advisory Committee. Type of vehicle 2. the premium payable for your vehicle depends on: 1. Any applicable discounts/loadings. . as per relevant General regulation of motor tariff. City of registration 4. Age of vehicle 3. Period of coverage (For less than 12 months) and 5.

If you've had car insurance for one year or more and you haven't made a claim. including legal fees brought against you as the result of an accident. fire. Covers damage caused by other than an accident for example. etc. Provides benefits to survivors when an accident results in death. you can get a "no claims discount“ ˜ It covers lawsuits. Covers the bills of vehicle repairs due to damage caused in an accident. . theft.BENEFITS OF MOTOTR INSURANCE  Repairs made to your car due to damage caused in an       accident Unlimited Liability for Third Party death/ injury Claims.

 Motor Insurance in India cannot be transacted outside the purview of the India Motor  Tariff unless specifically authorized by the TAC. {tariff advisory committee  The motor vehicle act 1988  Bhargav das gupta is the ceo of icici lombard gic ltd. .

Rate of depreciation for all fiber glass components 30% 3. Rate of depreciation for all parts made of glass . tyres and tubes. Rate of depreciation for all rubber nylon/plastic parts. batteries and air bags 50% 2.nil .Depreciation charged on the parts of vehicle 1.

4.Rate of depreciation for all other parts including wooden parts is to be as per the following schedule AGE OF THE VEHICLE % OF DEPRICIATION NIL 5% 10% 15% 25% 35% 50% Not exceeding 6 months Exceeding 6 months but not exceeding 1 year Exceeding 1 year but not exceeding 2 years Exceeding 2 years but not exceeding 3 years Exceeding 3 years but not exceeding 4 years Exceeding 4 years but not exceeding 5 years Exceeding 5 years .