About ICICI Lombard Bike Insurance
ICICI Lombard General Insurance Company is a joint venture between a financial services provider Fairfax Financial Holdings Limited, and India's second-largest bank ICICI Bank. It was founded in the year 2001 and has served a vast number of customers covering all the domains of insurance, including health, motor, life, investment, crop, and liability, among others. The company has processed over 3.6 million claims as part of its services so far.
Key Features ICICI Lombard bike insurance
| Specifications | Features |
|---|---|
| Network Garage | 6200+ |
| Claim Settlement Ratio | 93.4% |
| No Claim Bonus | Covered |
| Personal Accident Cover | Up to 15 Lakhs |
| Customer Assistance | Available for their customer 24*7 |
| Repair Warranty (in months) | 6 Months |
Why Buy ICICI Lombard Bike Insurance
Every company has its own unique USPs. Some amazing ICICI Lombard Bike Insurance USPs include
1AI-enabled Claims for Rapid Settlement
ICICI Lombard has been using artificial intelligence in the settlement of bike insurance claims. With the help of AI-enabled technologies, the company is able to evaluate claims very fast and settle them. This way, policy holders experience faster settlement and efficient deal-making with the company.
2Service Assurance on Renewals
ICICI Lombard provides service assurance in respect of renewals. They give the policyholders reliable services. Moreover, there is assurance that the insurer would complete any necessary repairs efficiently.
3Covers Personal Accident
ICICI Lombard provides a Personal Accident cover under its add-ons. There is financial protection against accidental injuries or death while riding.
FAQs
Yes, you can easily purchase bike insurance through the ICICI Lombard app. It allows you to choose your plan, make payments, and get your policy instantly, all from your phone.
ICICI Lombard provides three two-wheeler bike insurance plans:
- Standalone Own-Damage: Insurance to protect damages to your own bike.
- Third-Party Liability: This will cover the damage or injury you may cause to others or their property.
- Comprehensive Insurance: Covering Own Damage and Third-party Liability together to keep you covered completely.
ICICI Lombard offers several benefits to their customers:
- Easy, hassle-free renewal process
- Multiple eligibility for No Claims Bonus (NCB).
- Single policy certificate valid for up to three years, no paperwork required.
Renewal of your bike insurance is quite simple and can be done in just a few minutes online through the app/web platform by ICICI Lombard.
No Claim Bonus is the reward for not raising any claim during the policy period. ICICI Lombard allows one to accumulate multiple NCBs over time and, consequently, discounts on the premium during renewals.
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Avarage Ratting
With more vehicles on the roads, accidents, and other unfortunate events can happen anytime. Accidents may not always be your fault—they could be caused by someone else’s mistake. Besides injuries and vehicle damage, accidents can also cost you a lot of money. This is why buying scooter insurance online is a smart choice.
In today’s fast-paced world, keeping your bike insurance up to date is really necessary to keep yourself safe from any unexpected financial loss. However, you can renew your bike insurance
You just bought your dream bike. It's stylish, and you’re excited to ride it. But before you step on the road, make sure you have your bike’s RC book. The RC, or registration card, is an official document that shows your bike is registered with the Regional Transport Office (RTO).
Commuting every day can make it hard to keep your bike in good shape. In traffic, you have to speed up quickly one moment and slow down the next, which puts a lot of strain on the bike’s engine and lowers its mileage.
Road accidents in India are increasing day by day. Every year, so many road accidents happen and lots of people get severely injured and even lose their lives.