ICICI Lombard Third Party Car Insurance

ICICI Lombard General Insurance Limited is one of India's biggest private sector general insurance companies, specializing in health, travel, motor, home, student, and other types of insurance. ICICI Lombard provides third-party car insurance online. Below, we dive into the details of ICICI Lombard's third-party car insurance.

 To understand how third-party insurance works, readers first need to understand what third-party insurance means. There are several parties involved in car insurance policies. For example, the owner of the car will be the first party concerning the insurance policy. The second party in the policy will be the insurance provider for the insured vehicle. A third-party is a person or a vehicle owner who has been harmed in any capacity by the actions of the insured vehicle or the first party.

 Third party insurance is also called statutory insurance because it is a requirement for all vehicle owners under the Motor Vehicles Act. Each vehicle driven on Indian roads requires mandatory third-party insurance. 

How does ICICI Lombard Third Party Insurance Work?

If the policyholder gets into an accident, then the insurance company agrees to pay for the cost of the repairs caused to the third-party involved in the accident. This type of insurance policy also covers the policyholder from any legal liabilities arising after the accident. In the case of the ICICI Lombard car third party insurance, the company also provides cover against damage to the surrounding property. 

 The way the ICICI Lombard third party car insurance works is by informing the insurance provider in case of an accident. The policyholder must ensure to inform insurance company before filing an insurance claim. After the claim is filed, the insurer sends a surveyor to assess the damage and verify the accuracy of the stated claim. After verification is completed, the insurer settles the claim.

ICICI Lombard Third Party Car Insurance vs Comprehensive Car Insurance

How to Buy ICICI Lombard Third Party Insurance?

1. Open the ICICI Lombard insurance company website and visit the car insurance page on their website.
2. Users need to enter all the necessary details regarding their car and personal information such as mobile number, email id, car registration number, make and model, registration year, etc.
3. Following this step, you can browse and select a plan of your choice. 
4. After selecting a plan, you can modify the coverage up to the permissible limits. In the case of an ICICI Lombard third party car insurance policy, the premium is fixed by the Insurance Regulatory and Development Authority (IRDA).
5. After selecting a policy, you will be directed to the payment portal. You can pay with leading banks' credit and debit cards, net banking, and other payment methods. 
6. After successful completion, you will receive the insurance policy by email.

What is Covered Under the ICICI Lombard Third Party Car Insurance Policy?

Under the third party policy of ICICI Lombard four-wheeler insurance, policyholders get the following covers:

• Damage to a third-party person or vehicle is covered.
• Cover against legal liability caused by the insured vehicle.
• Cover damage to surrounding property.

What is not Covered Under the ICICI Lombard Third Party Insurance Policy?

An ICICI Lombard third party car insurance policy does not cover damages caused due to:

• The policyholder's vehicle.
• Theft
• Natural Calamities
• Fire and cases of riots
• In the case of a war-like situation or nuclear fallout,
• Diving under the influence of drugs or alcohol or any intoxicating substances.
• If the driver is driving without carrying a valid driving license.

Key Benefits of Purchasing ICICI Lombard Third Party Car Insurance?

A third party insurance policy offers the minimum security for the insured vehicle. If by any chance, your car is involved in an accident or a mishap, the ICICI Lombard third party insurance policy will take care of all the legal liabilities arising due to the incident. It also provides a Digital Inspection on the "ICICI Lombard Take Care app".

ICICI Lombard Third Party Insurance Review

ICICI Lombard third party car insurance is one of the best in the country. The company has streamlined the process and provides the ICICI Lombard third party car insurance online without much hassle. We also cannot deny the legal and financial assistance that one receives with the third party insurance policy. 

 If individuals are on the lookout for a smooth and easy-to-buy third party insurance policy for their cars and vehicles, the ICICI Lombard third party car insurance policy is the way to go.