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ICICI Lombard Car Insurance
- ICICI Lombard Own Damage Car Insurance
ICICI Lombard Own Damage Car Insurance
An ICICI Lombard Standalone own damage car insurance policy can be purchased to cover damages sustained by the insured vehicle due to unanticipated incidents. These incidents include road accidents, manmade acts, natural calamities, fire, theft, etc. An ICICI OD cover can be purchased with an existing TP cover to extend coverage to the car as well.
Key Features of ICICI Lombard Standalone Own Damage Car Insurance
The key features of ICICI Lombard own damage insurance policy include the following:
| Categories | Key Features |
| Own Damage Cover | Yes |
| Mandatory | No |
| No Claim Bonus | Yes |
| Add-on Covers | Offered |
| Zero Depreciation Cover | Yes |
| PA Cover | Upto Rs. 15 Lakh |
Coverage Under ICICI Lombard Standalone Own Damage Car Insurance
- Manmade acts like riots and strikes resulting in damages to the insured car
- Losses sustained by the insured vehicle due to fire or self-ignition
- Claims can also be raised for losses caused by the theft of the insured car
- Damages arising out of natural calamities like typhoons, earthquakes, cyclones or any other natural calamity
- Damages to the insured car while in transit via rail, road, air and water.
- Contractual liabilities of the owner/driver of the insured car
- Third-Party liabilities such as third-party death, disability and property damage
- Damages to the insured four-wheeler when being driven under the influence of alcohol
- Losses arising out of commercial use of private vehicles.
- Damages to the insured car when driven without a valid driving license.
Add-ons Under ICICI Lombard Standalone Own Damage Car Insurance
To enhance the coverage of an ICICI Lombard own damage car insurance policy, a policyholder can purchase the following add-ons:
- Consumables Cover
- Roadside Assistance Cover
- Zero Depreciation Cover
- NCB Protect Cover
- Engine Protect Plus
- Key and Lock Protect
- Garage Cash
- Return to Invoice
How to Buy an ICICI Lombard Standalone Own Damage Car Insurance Policy?
Follow these steps to purchase an ICICI standalone own damage car insurance policy online:
- From the homepage, select the “Car Insurance” tab
- On the given form, enter your car number or select the “brand new car” option
- Select your car details, such as RTO, make, model, variant, and registration year.
- Select the ICICI Lombard own damage plan from the given four-wheeler insurance plans.
- Select the desired add-ons and
- Pay the final premium via online payment modes
- Once you have paid the premium, your ICICI OD policy will be mailed to you.
Documents Required to Raise an ICICI Lombard Standalone Own Damage Car Insurance Claim
To successfully make an ICICI Lombard standalone own damage claim, a policyholder will need the following documents:
- Copy of car insurance papers
- Vehicle registration certificate
- Bills of repair
- Estimates of repair
- Copy of Police FIR
- KYC
FAQs
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Q1. What is the difference between comprehensive and standalone car insurance?
Ans: Comprehensive car insurance refers to the package policy that offers coverage for both own damage and third-party liabilities. On the other hand, an own damage policy only covers own damages sustained by the insured car and not third-party liabilities.
Moreover, an own damage policy can only be purchased with an existing third-party cover when you have exhausted the own damage cover from your bundled policy.
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Q2. Are there any discounts offered on OD premium?
Ans:
Yes. A policyholder can take advantage of these discounts on own damage premium:
- Anth-theft discount
- NCB discount
- Membership of the Automobile Association of India
- Voluntary deductibles
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Q3. Is own damage insurance mandatory for a car?
Ans: No, an own damage car insurance policy is not mandatory as per the motor laws of India. Only third-party insurance is mandatory.
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Q3. How can I calculate own damage premium before purchasing a policy?
Ans: To calculate the estimated own damage premium of a car, you can make use of a car insurance premium calculator. This online tool can be used to get an estimated premium along with the IDV by considering your car’s details.
Car Own Damage
Bajaj Allianz Standalone Own Damage Car Insurance
Cholamandalam Standalone Own Damage Car Insurance
Digit Standalone Own Damage Car Insurance
Future Generali Standalone Own Damage Car Insurance
HDFC Ergo Standalone Own Damage Car Insurance
IFFCO Tokio Standalone Own Damage Car Insurance
Liberty Standalone Own Damage Car Insurance
Magma HDI Standalone Own Damage Car Insurance
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Car insurance companies
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.