Nishu Goyal motor insurance

7/28/2019 Nishu Goyal motor insurance

1/22

Motor Vehicle Insurance

Vehicle insurance (also known as auto

insurance, GAP insurance, Carinsurance, or motor insurance)is insurance purchased

for cars, trucks,motorcycles, and otherroad vehicles.

Its primary use is to provide financial

protection against physical damageand/or bodily injury resulting from trafficcollisions and against liabilitythat could

also arise therefrom.
http://en.wikipedia.org/wiki/Automobilehttp://en.wikipedia.org/wiki/Truckhttp://en.wikipedia.org/wiki/Motorcyclehttp://en.wikipedia.org/wiki/Traffic_collisionhttp://en.wikipedia.org/wiki/Traffic_collisionhttp://en.wikipedia.org/wiki/Legal_liabilityhttp://en.wikipedia.org/wiki/Legal_liabilityhttp://en.wikipedia.org/wiki/Traffic_collisionhttp://en.wikipedia.org/wiki/Traffic_collisionhttp://en.wikipedia.org/wiki/Motorcyclehttp://en.wikipedia.org/wiki/Truckhttp://en.wikipedia.org/wiki/Automobile


2/22

ICICI Lombard GIC Ltd. is the largest private sectorgeneral insurance company in India.

The company issued over 56 lakh policies and settled over81 lakh claims. The company has a network of 315 branches

as on March 31, 2011.

ICICI Lombard is a 74:26 Joint venture between ICICI BankLtd & Fairfax financial Holdings Limited


3/22

ICICI LOMBARD Its expertise lies in providing retail insurance products

including Car Insurance, Health Insurance, TravelInsurance, Two Wheeler Insurance and HomeInsurance.

ICICI Lombard allows instant policy issuance and

renewal through its websitewww.icicilombard.com
http://www.icicilombard.com/http://www.icicilombard.com/


4/22

AWARDS WON BY ICICI LOMBARD NDTV Profit Business Leadership Award 2007

Most Preferred General Insurance Brand award for the

year 2010 by CNBC AWAAZ It also received the Golden Peacock Innovation

Award-2010 for Rashtriya Swasthya Bima Yojana.

General Insurance Company of the Year at the 11th Asia

Insurance Industry Awards Rated highest in customer satisfaction by J.D. Power

Asia Pacific in India


5/22

Types of Automobile Insurancein India

Two Wheeler Insurance

Car Insurance Commercial Vehicle Insurance


6/22

Procedure for Four Wheeler

InsuranceREGISTRATION DETAILS1. First purchase or registration details

2. Current registration type

VEHICLE DETAILS

1. Manufacturer

2. Model3. Showroom price


7/22

CONTACT DETAILS

Name of Insured

Address Phone no.

Email Id

Valid Proof

Get protection for accessories or not?


8/22

KEY FEATURES

A digitally signed policy is issued immediately through ouronline facility.

Access to over 2700+ network garages for cashless claimsservicing across India.

Optional Personal Accident cover for co-passengers Avail NCB on renewals if no claim is made during the previous

policy period. Transfer all No Claim Bonus (NCB) benefits when shifting your

motor insurance policy to ICICI Lombard. 5% discount for recognised Automobile Associations Members.

2.5% discount for ARAI approved anti theft device in yourvehicle.

Avail add-on covers for electrical and non-electrical items. Buy Online.
https://www.icicilombard.com/content/ilom-en/garage_list/search.asphttps://www.icicilombard.com/content/ilom-en/garage_list/search.asp


9/22

SUM INSURED AND COVERAGE What is covered

Loss or Damage to your vehicle against Natural CalamitiesFire, explosion, self-ignition or lightning, earthquake, f lood, typhoon,hurricane, storm, tempest, inundation, cyclone, hailstorm, frost,landslide, rockslide.

What is not covered

Normal wear and tear and general ageing of the vehicle. Depreciation or any consequential loss. Mechanical/ electrical breakdown.

Sum Insured All vehicles are insured at a fixed value called the Insureds Declared

Value (IDV). IDV is calculated on the basis of the manufacturers listed selling price

of the vehicle (plus the listed price of any accessories) after deductingthe depreciation for every year as per the schedule provided by theIndian Motor Tariff.


10/22

CLAIM PROCESS In case of motor insurance claim, you can avail cashless

facility for the repair of your vehicle in any of our cashless

garage network. However, If the vehicle is serviced in a garageoutside the purview of our network, then you can claimreimbursement for the same.

In Case of an Accident Note the number of the other

vehicle involved in the accident, if any. Note down the names and contact details of witnesses, if any.

Contact our toll free number 1800 2666 and get your claimnumber / reference number.

After Registering the Claim Our Customer ServiceManager (CSM) will contact you within 24 hours ofregistering the claim.

Submit all the required documents to the dealer / CSM and

get them verified with the originals.


11/22


12/22


13/22

DOCUMENT REQUIRED

FOR ACCIDENT CLAIM:1. Claim Form duly signed2. RC copy of the vehicle

3. Driving License copy

4. Policy copy (First two pages)

5. FIR on a case-to-case basis

6. Original Estimate

7. Original Repair Invoice and Payment Receipt(for cashless garage, only repair invoice)

8. Stamp required in case of company registered

vehicle
https://www.icicilombard.com/Content/ilom-en/Downloads/Motor/Motor_Claim_form.pdfhttps://www.icicilombard.com/Content/ilom-en/Downloads/Motor/Motor_Claim_form.pdf


14/22

IN CASE OF THEFT

1. RC copy of the vehicle2. Driving License copy

3. Policy copy

4. Original FIR copy5. Final report A no trace report from the

police saying that the vehicle cannot be

located.6. Stamp required in case of company

registered vehicle


15/22

IN CASE OF THIRD PARTY CLAIM1. Claim Form duly signed

2. Police FIR copy

3. Driving License copy

4. Policy copy

5. RC copy of the vehicle

6. Stamp required in case of company

registered vehicle
https://www.icicilombard.com/Content/ilom-en/Downloads/Motor/Motor_Claim_form.pdfhttps://www.icicilombard.com/Content/ilom-en/Downloads/Motor/Motor_Claim_form.pdf


16/22

Srno.

Dealer name Address City state

Contactno

Contactperson

Mobileno

1 TARA

AUTOMOBILES

OPP. ITI BATHINDA PB 9876040

482

G.S

SEHKHAR

2 MEHTAMOTOR

BIBIWALAROAD

BATHINDA PB 9814505722

RAJEEVGOYAL

3 PADAMMOTOR

BATHINDA PB 9216530039

GOPAL

4 KRISHNAAUTOS

40 FEETROAD

BATHINDA PB BHUPINDER SHARMA

9888671810

5 MODERNMOTORS

OPP. TVTOWER

BATHINDA PB RUPINDERSINGH

9417566083

6 RAJAMOTORS

MANSAROAD

BATHINDA PB GANESHSHARMA

9781401122

7 IMPERIALMOTORS

G TROAD

BATHINDA PB NA NA


17/22

List of banks offering

Automobile Insurance inIndiaBank Two /four

wheeler policyCar insurance

policyCommercial

vehicle policy

HDFC Bank Auto secure Auto secure Auto secure

ICICI Lombard Two wheelerpackage policy

Motor plan Motor plan

Bajaj Allianze Bajaj AllianzesMotor policy

Bajaj AllianzesMotor

insurance

Bajaj AllianzesMotor policy

The new India Motor Coverage Motor Policy Motor Coverage


18/22

Factors Affecting Premium

Amount

The premium rates are governed by tariff as decided by

the Tariff Advisory Committee. Generally speaking, thepremium payable for your vehicle depends on:

1. Type of vehicle

2. Age of vehicle

3. City of registration4. Period of coverage (For less than 12 months) and

5. Any applicable discounts/loadings, as per relevantGeneral regulation of motor tariff.


19/22

BENEFITS OF MOTOTR INSURANCE Repairs made to your car due to damage caused in an

accident Unlimited Liability for Third Party death/ injury Claims.

If you've had car insurance for one year or more and youhaven't made a claim, you can get a "no claims discount It covers lawsuits, including legal fees brought against

you as the result of an accident. Covers the bills of vehicle repairs due to damage caused in

an accident. Provides benefits to survivors when an accident results in

death. Covers damage caused by other than an accident for

example, theft, fire, etc.


20/22

Motor Insurance in India cannot be transacted outsidethe purview of the India Motor

Tariff unless specifically authorized by the TAC. {tariffadvisory committee

The motor vehicle act 1988

Bhargav das gupta is the ceo of icici lombard gic ltd.


21/22

Depreciation charged on the parts

of vehicle1. Rate of depreciation for all rubber

nylon/plastic parts, tyres and tubes,

batteries and air bags 50%2. Rate of depreciation for all fiber

glass components 30%

3. Rate of depreciation for all partsmade of glass - nil


22/22

AGE OF THE VEHICLE % OFDEPRICIATION

Not exceeding 6 months NIL

Exceeding 6 months but not exceeding 1 year 5%

Exceeding 1 year but not exceeding 2 years 10%

Exceeding 2 years but not exceeding 3 years 15%



Exceeding 5 years 50%

4.Rate of depreciation for all other partsincluding wooden parts is to be as per the

following schedule

Date post:	03-Apr-2018
Category:	Documents
Upload:	gaganhungama007
View:	223 times
Download:	0 times

Nishu Goyal motor insurance

Documents