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Two Wheeler Insurance - Introduction
Two- wheeler riding calls for a constant alertness from theft and accidents. Two-wheeler policy guarantees safety for your vehicle and yourself, thereby making your ride stress- free.
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Dial-A-Policy - Call Now !
Toll Free: 1800 209 6677 |
| Acessible even from your mobile phone |
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| Policy Details |
| Policy Coverage | Key Benefits | Sum Insured | Policy Exclusions | Other Plans |
Policy Coverage |
Two-wheeler insurance policy is governed by the Indian Motor Tariff. It covers you for:
- Loss or damage to your vehicle: The policy
covers you against any loss or damage caused to the
vehicle due to the following natural and man made calamities.
Natural Calamities – Fire, explosion, self-ignition
or lightning, earthquake, flood, typhoon, hurricane,
storm, tempest, inundation, cyclone, hailstorm, frost,
landslide, rockslide.
Man made Calamities – Burglary, theft, riot, strike,
malicious act, accident by external means, terrorist
activity, any damage in transit by road, rail, inland
waterway, lift, elevator or air.
- Personal accident cover: The motor insurance
provides compulsory personal accident cover of Rs. 1
lakh for individual owner driver of the vehicle insured
while traveling on, mounting or dismounting from the
vehicle. You can also opt for a personal accident cover
for passengers.
- Third party legal liability: This protects
you against legal liability arising due to accidental
damages
- Permanent injury/ death of a person
-Damage caused to the property
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Key Benefits
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- You can avail of our cashless claim facility at our
Cashless Garage Network all across India.
- Avail of the following bonuses and discounts -
No Claim Bonus:
If you do not make a claim over a period of time,
a No Claim Bonus (NCB) is offered on renewals. This
discount can go as high as 50% on the own damage premium of your policy. Transfer your full
benefit of No Claim Bonus, even when you shift your
motor insurance policy to ICICI Lombard from any other
insurance company. (NCB will only be allowed provided
the policy is renewed within 90 days of the expiry
date of the previous policy.)
Click
here to view the NCB benefits.
Transfer your NCB: You can transfer
full benefits of No Claim Bonus when you shift your
motor insurance policy from another company to ICICI
Lombard.
The discount rate remains the same, provided you
show evidence that you are entitled to No Claim Bonus
from your previous motor insurance company.
Evidence can be in form of
- Renewal notice or
- Letter confirming the NCB entitlement from the
previous insurer
- Written declaration
Click
here to view the wordings of the written
declaration
Voluntary Excess discount:
A further discount on the premium is available if
you opt for a Voluntary Excess in addition to the
Compulsory
Excess. (Compulsory Excess is the amount of loss
which the insured has to bear in each and every claim.)
Click
here to view Voluntary excess discount schedule.
Additional discounts: If you are a member
of a recognized Automobile Association in India you
can avail a discount of 5% on the OD Premium subject
to a maximum of Rs. 50.
Discount for Anti-theft Devices: In case you
have installed ARAI approved anti theft device in
your vehicle, you get a discount of 2.5 % on the OD
Premium to a maximum of Rs. 500.
Customise your insurance with additional
covers: Electrical and / or non-electrical
items fitted to the vehicle can be insured separately.
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Sum Insured
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The vehicles are insured at a fixed value called the Insured’s Declared Value (IDV). 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.
If the price of any electrical and / or electronic item installed in the vehicle is not included in the manufacturer’s listed selling price, then the actual value (after depreciation) of this item can be added to the sum insured over and above the IDV. |
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Policy Exclusions
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Under this policy, you are not covered against -
- Normal wear, tear and general aging of the vehicle
- Depreciation or any consequential loss
- Mechanical/ electrical breakdown
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Wear and tear of consumables like tyres and tubes unless the vehicle insured is damaged at the same time in which case the liability of the company shall be limited to 50% of the cost of replacement.
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Vehicle being used otherwise than in accordance with limitations as to use
- Damage to/ by a person driving the vehicle without a valid license
- Damage to/ by a person driving the vehicle under the influence of drugs or liquor
- Loss/ damage due to war, mutiny or nuclear risk
For more details, kindly refer
to the Policy Wordings.
Two Wheeler Product Code: Motor 05
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Other Motor Plans
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Insurance is the subject matter of solicitation.
Insurance brought to you from ICICI Lombard General Insurance Co Limited Misc 1, 13, 29, 30, 34B, 46, 50. ICICI Bank Limited has a referral arrangement with ICICI General. The contract of insurance is between ICICI General and the Insured, and not between ICICI Bank Limited and the Insured. Nothing contained on the Website shall constitute or be deemed to constitute an advice, an offer to purchase or an invitation or solicitation to undertake any activity or enter into any transaction relating to the Insurance Products. Participation by ICICI Bank's customers is on a purely voluntary basis and there is no direct or indirect linkage between the provision of the banking services offered by the Bank to its customers and their usage of the product or participation in the scheme. For more details on coverage, terms and conditions, please read the policy document carefully before conducting a sale. |
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