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| Can commercial vehicles be insured online? |
| Currently, only private cars can be insured online. But ICICI Lombard is in the process of launching online insurance for commercial vehicles too. |
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| Can I take a policy for a vehicle belonging to someone else? |
| Yes, the person who buys the policy need not be the owner himself. Anyone can buy the policy acting on behalf of the insured. |
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| Why do I need to insure my motor vehicle? |
Your car is probably one of the expensive things you own. Insurance protects this asset and helps you in coping with the expense of accidents, damage or theft. While driving, you are responsible for the safety of:
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Your passengers |
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Your fellow drivers |
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Other people’s property |
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Pedestrians |
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Yourself |
Insurance helps cover the costs of potential damages or injuries in case of an unforeseen accident or theft. And above all, in India it is mandatory to have motor insurance before you can drive on the roads. |
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| When should I report to the police? |
| Incidents such as "Third Party Property Damage", "Bodily Injury To Self or Third Party" or "Theft" should be reported to the nearest police station, under whose jurisdiction the incident has occurred. |
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| What is No Claim Bonus? |
| An insured becomes entitled to No Claim Bonus (NCB) only at the renewal of a policy after the expiry of the full duration of 12 months. If the insured has not claimed a single claim in the duration. As per the schedule of tariff). NCB can be earned in the Own Damage section of Policies covering all classes of vehicles but not on Motor Trade Policies (Road Transit Risks / Road Risks / Internal Risks) and policies that cover only Fire and / or Theft Risks. |
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| Is my No Claim Bonus transferable? |
| Yes, in case you are changing from any other insurance company to ICICI Lombard and have accrued some NCB from them, ICICI Lombard will make sure that you get the benefits for your NCB with them too since they do not want you to loose out on any benefits accrued. |
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| Can I renew my motor policy online? |
| You can renew your policy online, provided your renew it between the period starting 2 months before expiry and 6 days after expiry of the previous policy. |
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