ICICI Lombard Motor Insurance

MOTOR INSURANCE

It is becoming increasingly expensive to maintain a motor vehicle incase of damage caused to the vehicle due to some unavoidable circumstances or accidents. The motor insurance policy helps you in maintaining your vehicle in such situations by covering you against any loss or damage to/by your vehicle.

Motor vehicle insurance includes private cars, motorized two wheelers, and goods carrying vehicles, tractors and commercial vehicles excluding vehicles running on rails.

 

COVERAGE

Motor Insurance policy provides cover under three main headings as under.

OWN DAMAGE: Covers you for any loss or damage to your vehicle or accessories due to:

·                     Fire, Explosion, Self-ignition or lightning.

·                     Burglary, Housebreaking or theft.

·                     Riot and strike

·                     Earthquake (fire and stock damage)

·                     Flood, typhoon, hurricane, storm, cyclone, hailstorm, frost.

·                     Accidental external means.

·                     Malicious Act

·                     Terrorist activity

·                     Goods in transit by road, rail. Inland -waterway, lift elevator or air.

·                     Landslide or rockslide

PERSONAL ACCIDENT COVER: Provides personal accident cover for individual owner of the vehicle while driving. You can also opt for a personal accident cover for other passengers.

THIRD PARTY LEGAL LIABILITY: Covers for legal liability arising due to accidental damage for.

·                     Any permanent injury/death of a person

·                     Any damage caused to the property.

In addition to all these several add on covers can be opted for.

ADVANTAGES:

·                     No Claim Bonus: If you do not make a claim during the policy period, a No Claim Bonus (NCB) is offered on renewals. This bonus can go as high as 50% of the own damage premium.

·                     The policy may be designed to cover the owner, the driver and the owner's family. You can also opt for a personal accident cover for other unnamed passengers in your car.

·                     Customize your insurance with additional covers: Electrical and/or non-electrical items fitted to the vehicle can be insured separately. You can also cover your bi-fuel system such as CNG.

·                     The policy provides for cashless settlement with network/partner garages for repair claims.

 

PREMIUM

The premium for motor depends primarily on the following factors:

·                     Type of vehicle

·                     Age of vehicle

·                     Period of coverage

·                     Discounts (in case of no claim)/loadings

·                     Insured declared value (IDV), which is the value of vehicle on basis of age.

CLAIM PROCESS:

Cashless transaction

·                     Inform the 24*7helpline with details of accident and policy /cover note.

·                     Help line registers the claim and provides the claim number.

·                     Submit document to workshop (claim from, driving licenser copy, policy copy)

·                     Customer service manager surveys in 24 hrs

·                     Repair of vehicle

·                     Reinsertion and cashless facility confirmation

·                     Delivery of the vehicle.

In case of reimbursement process, you will have to submit document to ICICI Lombard, and we will make the payment within 14 days of completion of document.

(we=company)

If you want to buy this one policy please contact me 9886043598 / 9886315785

ICICI Lombard Weather Insurance

WEATHER INSURANCE

The need for Risk mitigation in agriculture has been long felt especially in a monsoon

Dependent country like ours.

Ours weather insurance policy is designed to help you mitigate weather insurance policy

Is designed to help you mitigate weather related risk.

Weather insurance is an indemnity for losses that may arise due to abnormal weather conditions can be event such as excess rainfall, shortfall in rainfall or variations in temperature, wind speeds & humidity.

 

COVERAGE

Weather insurance is an insurance cover against losses incurred due to uncertainties in climatic conditions. It can be used to hedge any vulnerability of assets or any other

Damage incurred due to erratic and irregular weather.

The policy provides insurance cover against UN expected weather behavior. Un expected weather is defined in terms of parameters like temperature, humidity, rainfall, etc.

You may insure yourself against changes in weather condition as measured by these parameters fall outside a pre-define range you may get the benefit of the cover there by reducing the risk that such weather changes bring to you.

 

ADVANTAGES

The benefits offered by weather insurance are

It is transparent and the leads to high level of comfort for the insured

It is scientifically developed and the measure for benefit payment is objective.

Not only farmer but also entities that are even indirectly dependent on agriculture can benefit from this policy. These may include agro-based companies, micro finance organizations, and other rural financial organizations & governed.

PREMIUM

Pricing is determined based on component of expected lose volatility of historical losses and management expenses. Premium for weather Insurance ranges from 7% to 15% depending upon the crop characteristic region + climatic pattern.

CLAIM PROCESS

The claim settlement is a hassle free process, as the beneficiary is not required for loss to receive a payment. Instead ICICI Lombard compensate the beneficiary at the end of the crop season for any deviations from the normal conditions on the basis of data collected

From an independent source accessible to all, like a local weather station, thus removing the need for carrying out field surveys.

ICICI Lombard Accident Insurance

PERSONAL ACCIDENT INSURANCE

Life is full of uncertainties and UN expected events. Accidents can happen at home, at work, even at play. The death or injury of a breadwinner can create serious financial problems for any family. It is in situations like these for which you need to be prepared. This insurance policy is essential for each and every individual who seeks to indemnify him/herself and dependents against personal accident.

COVERAGE

This policy insures you against accidental death or permanent total disability. Permanent total disability means an irreversible loss of limbs or function of the limbs or senses organs.

ICICI Lombard provides a lump sum benefit payment on death, or permanent and total disability, due to accident, on the basis of loss incurred as per the table below.

INJURY RESULTING IN LOSS OF	COVERAGE
Death	100% of SI
Both hands or feet or sight	100% of SI
One hand and one foot	100% of SI
Either hand or foot and sight of one eye	100% of SI
Hearing of both ears	100% of SI
Speech	100% of SI
Either hand or foot	50% of SI
Sight of one eye	50% of SI
Loss of function of one hand and one	50% of SI
Foot without separation	50% of SI
Quadriplegia (all four limbs paralysed)	100% of SI
Paraplegia(both legs paralysed	100% of SI

An individual can take cover up to sum insured of Rs. 3,00,000/- under this policy.

An accident would include events like

·                      Collusion/fall on rail, road or by other means.

·                      Injury due to bursting of gas cylinder 

·                      Snake -bite, frost bite, dog bite.

·                       Burn injury, drowing, poisoning etc.

 

ADVANTAGES

·                      No health checkup is required

·                     The policy is renewable till the age of 70 years

 

PREMIUM

This policy is available at a nominal rate of Rs100 for per lac sum insured for a period of one year. The premium charged covers both accidental death and permanent total disability risk.

 

CLAIM PROCESS

In event of insured's death, completed claim form with all required documents will have to be sent to ICICI Lombard office, Mumbai

Documents required to be submitted for settling the claim:

·                     Completed and signed claim form

·                     Attested copy of FIR

·                     Attested copy of spot panchnama

·                     Attested copy of Inquest panchnama

·                     Attested copy of post -mortem report

·                     Attested copy of death certificate

·                     Proof of insurance

·                     Treatment papers, medical reports

·                     Disability certificate indicating the percentage of disablement from civil surgeon.

·                     Any other documents which is necessary for proving the claim.

ICICI Lombard HEALTH INSURANCE

CRITICAL CARE-HEALTH INSURANCE

Critical care is a single cure for all critical illness related requirement. This policy insures you against the risks of serious illness in much the same way as you insure your car and your house. It gives you the security of knowing that a guaranteed cash sum will be paid if the unexpected happens and you are diagnosed with a critical illness.

Our insurance policy empowers you to be prepared for the unexpected by covering critical illness like cancer, bypass surgery, heart attack, renal failure in end stage, stroke, paralysis, organ transplant etc.

 

COVERAGE

This policy offers a comprehensive cover for critical illness, permanent total disablement (PTD) AND personal accident insurance.

·                     An individual may be offered an insurance cover of up to rupees five lacs

·                     People between 20 to 45 yrs of age can be covered under this policy.

·                     The policy can be taken for a period of three or five years. During the tenure, the policy covers the insured for the following.

·                      Diagnosis of major medical illness and procedure as under

                    a) Cancer

                    b) By pass surgery

                    c) Myocardial Infarction (heart attack)

                    d) Major organ transplant

                     f) Stroke

                     g) Paralysis

                    h) Multiple sclerosis

                    I) Heart valve replacement surgery

·                     Death of injured person on account of an accident.

·                     Permanent total disablement (PTD) on account of an accident resulting in the inability to remain gainfully employed.

 

ADVANTAGES

·                      Only a simple health declaration is required for buying the policy, we do not ask for any medical check up.

·                     The benefit amount is payable once the disease meeting specific criteria.

·                     The insured receives the amount as lump sum so that he can plan the treatment accordingly.

·                     This is a long-term plan that provides cover for or five years, unlike other health insurance plans that are annual.

·                     The premium paid against critical illness is exempt under the Income Tax Act- section 80D.

 

PREMIUM

The premium depends on the appicant's age and the policy tenure opted for

AGE	SI=lacs		SI=lacs		SI=lacs
	3yrs	5yrs	3yrs	5yrs	3yrs	5yrs
20-25	4800	8100	1920	3240	NA	NA
26-30	5500	9400	2200	3760	NA	NA
31-35	6900	11650	2760	4660	NA	NA
36-40	8550	15300	3420	6120	1710	3060
41-45	17000	31800	6800	12720	3400	6360

                                                                          

The premium given above is inclusive of service tax @12% and education cess@ 2%.

It should be noted that the sum insured of 1 lac is not applicable in the age group of 20 to 35yrs.

Age will be calculated as completed age in years on the date of the issuance of policy.

 

CLAIM PROCESS

In case of a claim, follow the procedure given below:

·                     ICICI Lombard to be informed of the claim on the toll free number/call centre giving the details of the policy issued.

·                     Submit the document to company.

·                     Admissible claims will be settled by the company within 21 days of receipt of all completed documents such as death certificate, doctor’s certificate, FIR, police report etc.