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ICICI Lombard Third Party Bike Insurance
ICICI Lombard third-party bike insurance provides essential and mandatory coverage for damages or injuries caused to the third party by the insured bike. Moreover, this bike policy fulfils a legal requirement in India and ensures financial and legal protection to the policyholder.
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- ICICI Lombard Third-Party Bike Insurance
Key Features of ICICI Lombard Third-Party Bike Insurance
Here is a table focusing on the key features of ICICI Lombard third-party bike insurance:
| Category | Features |
| Coverage |
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| Bike Insurance Premium |
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| Convenience |
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*Disclaimer: The above table is for reference only. For exact coverage, please refer to the ICICI third-party bike insurance policy wording on the insurer's website.
Why Choose ICICI Lombard Third-Party Bike Insurance?
A third-party bike insurance policy is a type of bike insurance online offering financial and legal assistance to the insured bike in case of a road accident causing damage to the third party.
Here are a few reasons to choose ICICI Lombard third-party bike insurance:
- Trustworthy Brand: ICICI Lombard is one of India's leading insurance companies, known for its reliability and customer-centric approach.
- Mandatory Coverage: ICICI Lombard third-party bike insurance offers mandatory coverage for third-party liabilities, ensuring financial protection to the policyholder in case of accidents.
- Competitive Premiums: ICICI Lombard third-party bike insurance policy is affordable for all bike owners.
Explore Icici Lombard Bike Insurance
Inclusions of ICICI Lombard Third-Party Bike Insurance
The following are the inclusions of ICICI Lombard third-party bike insurance policy:
- Covers the bodily injury or death of a third party in a road accident by the insured bike.
- Covers the property damage of a third party in a road accident by the insured bike.
- Covers the legal liabilities for defence expenses in a court of the policyholder.
Exclusions of ICICI Lombard Third-Party Bike Insurance
The following are the exclusions of the ICICI Lombard third-party bike insurance policy:
- Damage or loss caused to your own bike in an accident or any other insured perils.
- Illegal or deliberate acts causing damage or loss.
- Loss or damage due to normal wear and tear.
- Loss or damage arising out of the contractual liability.
How to Buy ICICI Lombard Third-Party Bike Insurance Online?
By following the below steps you can easily buy your ICICI Lombard third-party bike insurance online from Policybazaar Insurance Brokers Private Limited:
- Step 1: Visit Policybazaar.com; choose 'Insurance Products' from the top-navigation menu bar.
- Step 2: Choose "Third Party Bike Insurance" from the drop-down menu.
- Step 3: Enter your bike number and click' View Prices'.
- Step 4: Choose ICICI Lombard third-party bike insurance.
- Step 5: Complete the purchase by providing the necessary details.
- Step 6: Pay the premium via UPI, Internet banking, or debit/credit card.
- Step 7: Receive your bike insurance policy instantly at your registered email ID.
Documents Required for ICICI Lombard Third-Party Bike Insurance Claim
Here is a list of documents that you must hold to raise claims under a third-party bike insurance policy:
- FIR copy
- Driver's License (DL) of the driver
- Registration Certificate (RC) of the bike
- Valid third-party bike insurance policy
- Claim form (duly filled and signed)
- Additional documents as requested by the insurer (e.g., medical bills, repair bills)
FAQs About ICICI Lombard Third-Party Bike Insurance Policy
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Q. Is ICICI Lombard third-party insurance enough for a bike?
Ans: ICICI Lombard third-party insurance provides mandatory coverage for third-party liabilities, meeting the legal requirements in India. However, consider opting for a comprehensive bike insurance policy for extensive coverage, as it covers your own damages.
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Q. Is ICICI Lombard third-party insurance expensive?
Ans: No, ICICI Lombard third-party insurance is available at affordable premium rates, making it an economical option for bike owners.
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Q. Am I eligible for a No Claim Bonus on my ICICI Lombard third-party bike insurance?
Ans: No, NCB applies only to comprehensive or standalone own-damage bike insurance policies, not third-party bike insurance policies.
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Q. What happens if I am caught riding without a valid third-party bike insurance policy?
Ans: Riding a two-wheeler whether its a bike or scooty without a mandatory third-party bike insurance policy in India is a legal offence. The traffic police would charge a hefty fine or imprisonment. Additionally, you may have to pay for damages and medical bills out of pocket if you are involved in an accident without insurance.
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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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Read more^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.
^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.
#Savings are based on the comparison between 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.
*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.
*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)
#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.
*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.
*Rs 457/- per annum is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The 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
