With ICICI Lombard Car Insurance, one can customize the policy by choosing add-on covers that one thinks will best suit one’s car. These add-on covers provide additional security and reduce out-of-pocket expenses.
Zero-Depreciation cover
In a regular motor insurance policy during claim, one might have to bear depreciation on repair/replacement expenses of plastic, fibre, rubber and glass parts. However, with this add-on, one need not bear the cost of such depreciation as the depreciation as would be applicable under a normal policy would not apply and the claim, if admissible, would be settled without applying depreciation.
Hydrostatic lock cover
The car engine can get damaged during heavy rains or floods. This add-on provides coverage against repair or replacement of engine parts due to water. This would be applicable only if the insured car is less than 5 years old.
No Claim Bonus (NCB) Protector
With a single claim, one’s accumulated No-Claim Bonus drops down to 0%. However, with the NCB Protector, even after making two claims in the policy period, one can still retain No-Claim Bonus discount on the Own Damage premium.
Roadside Assistance
One would not be stranded if insured car ever breaks down in the middle of the road as with this add-on ICICI Lombard would help you in case of a road emergency. Be it changing flat tyres, road repairs, emergency fuel refilling, towing facility, with this add–on, one gets services 24X7.
Invoice Price Cover
One generally gets the depreciated value of car at the time of claim. But with this add-on, if one would make a claim, the claim settlement would be on the invoice value of the car along with registration fees, road tax, and insurance.
Co-Passenger Cover
The standard policy has Rs. 2 lakh as personal accident cover for the owner-driver. With this, fellow passengers are provided an additional coverage of Rs. 1 lakh in case of death, permanent or total disability.
Key replacement
Coverage is provided for cost incurred to replace the car key and the lock if it’s stolen or lost. This is valid for up to 2 claims in a policy period
Medical expenses
In this, if owner-driver and the passengers are injured in case of an accident, then medical expenses up to Rs. 10,000 for treatment are covered.
Hospital cash
For each day spent at the hospital, one receives a lump sum amount of Rs. 1000 per day when hospitalized for up to 30 days due to accident involving the Insured vehicle.
Consumables cover
With this add-on, coverage is provided for expenses on consumables such as oil, nuts, bolts that are considered unfit for further use.
Ambulance charges
This add-on covers charges towards transportation of the insured person in an ambulance to the hospital.
Engine and gearbox cover
The add-on provides financial protection if one’s car breaks down due to damage to the internal parts of the engine and gearbox.
