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.
ICICI Lombard - Motor Insurance
- Transfer no claims bonus from your existing policy
- Lightning fast cashless claim services
- Covers personal accidentand third party legal liability
ICICI Lombard - Motor Insurance - Plans
ICICI Lombard - Commercial vehicle Insurance - Policy in a nut-shell
- Covers: Third Party Liability only cover for Goods-carrying commercial vehicle
- Premium: In this case premium is calculated on carrying capacity - gross vehicle weight and value of the vehicle. Accessories extra, as specified
- Applicable to: Public and Private Carriers including Motorized Three Wheelers and Motorized Pedal Cycles.
- Discount: If you do not make a claim during the policy period, a No Claim Bonus (NCB) is offered on renewals.
ICICI Lombard - Commercial vehicle Insurance - Understand CVI
- 1. What is CVI (Commercial Vehicle Insurance)?
ICICI Lombard brings you Commercial Vehicle Insurance offering the most crucial cover of Third Party Liability (TPL). A specialised cover for Goods-carrying Vehicles – be it Public or Private Carriers. You can now rest assured that your vehicle is covered and your business stays protected against accidental death or injury to third parties or passenger(s).
- 2. Scope of Cover
ICICI Lombard Commercial Vehicle insurance offers Third Party only cover for Goods-carrying Commercial vehicles.
Our Commercial Vehicle insurance Policy is governed by the Indian Motor Tariff. It defines Goods-carrying Commercial Vehicle as:
- Public Carriers (other than three wheelers)
- Private Carriers (other than three wheelers)
- Goods Carrying Motorized Three Wheelers and Motorized Pedal Cycles. (Public Carriers)
- Goods Carrying Motorized Three Wheelers and Motorized Pedal Cycles. (Private Carriers)
It covers you for:
- Personal Injury
- Property damage
Third Party Insurance cover for Personal Injury includes:
Liability for death or injury to third parties - This means that you are insured against death or injury (caused by your vehicle) to pedestrians, occupant of other vehicles, and outsiders other than passengers .
- 3. Need for Commercial Vehicle Insurance:
Protect your Business
India is estimated to be the 2nd largest tractor manufacturer and the 5th largest commercial vehicle manufacturer in the world. To protect these vehicles, successful businesses today take up reliable Commercial Vehicle Insurance. This also ensures protection of the Corporate image at large which is of predominance during a crisis.
Must-have for self-employed professionals/businessmen
Owning a Commercial Vehicle Insurance is critical especially in the event that you are self-employed, should a work-related injury or damage claim be made against you.
- 4. What is not covered?
Under this policy, you are not covered against –
- Own Damage losses
- Any claim arising out of Personal Accident
- Third Party Legal Liability cover for commercial vehicles other than goods-carrying commercial vehicles
- Any accidental loss damage and/or liability caused sustained or incurred outside the geographical area
- Any claim arising out of any contractual liability
- Any accidental loss damage or liability due to war, mutiny or nuclear risk
- Any employee(s) of the Insured other than the owner-driver of the goods-carrying vehicle
- Damage to any bridge and/or way bridge and/or via duct and/or to any road and/or any thing beneath by vibration or by the weight of the insured vehicle and/or load carried by the insured vehicle.
ICICI Lombard - Commercial vehicle Insurance - Sum Insured
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.
ICICI Lombard - Commercial vehicle Insurance - Make a claim
What documents do I need?
For Third Party Claims, you would require the following documents:
- Claim form duly signed*
- Police FIR copy
- Driving license copy
- Policy copy
- RC copy of the vehicle
*Stamp required in case of company registered vehicle
How to File a Claim?
- Note the number of the other vehicle involved in the accident, if any.
- Jot down the names and contact details of witnesses, if any.
- Contact our 24x7 call centre. Get your claim number / reference number. Call centre representative will provide you the details of documents required for claim processing.
- File an FIR at the nearest police station in case of property damage, bodily injury, theft and major damages.
|
