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| Is there any specific exclusion under this policy? |
Following are not included in this policy
 | Mechanical breakdown |
| Wear & tear |
| Consequential loss |
| Depreciation |
| Deliberate accidental loss |
| Intoxicated driving |
| Any contractual liability |
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| What are the events covered in this comprehensive policy? |
The ICICI Lombard Motor Insurance policy is very comprehensive vehicle insurance, as mandated by the government, which covers you for:
| Any Loss or damage to your vehicle |
| Third Party Liability |
| Any permanent injury / death to a person caused by your car. |
| Any damage caused to the property (excluding vehicle) of some other individual by your vehicle. |
| A Personal Accident Cover for the owner of the vehicle while he is driving. |
In case of loss or damage to the vehicle or the accessories insured, the Insurance Company covers the insured if the accident occurs due to the following hazards:
| Fire, explosion, self ignition or lightning |
| Burglary, housebreaking or theft |
| Riot and strike |
| Earthquake (fire and shock damage) |
| Flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost |
| Accident by external means |
| Malicious act |
| Terrorist activity |
| Whilst in transit by road rail inland-waterway lift elevator or air |
| Landslide and rockslide |
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| What if someone else was driving at the time of the accident? Is that person covered by my policy? Will I still be covered? |
| If the person driving the vehicle is a valid license holder, the vehicle is insured for all the accidents that occurred due to the hazards specified. To insure the person driving the vehicle, who is not the owner, an additional personal accident cover has to be taken for unnamed passengers. For the owner-driver, the policy compulsorily has a personal accident cover, as per tariff. |
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| What if I have an accident with an uninsured vehicle? What is the extent to which I am covered? |
| If you have taken a comprehensive policy for your vehicle you are fully covered against all the hazards mentioned, irrespective of whether the other person has an insurance policy or not. |
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| What is third party insurance liability? Is it covered? |
As mandated by the government, third party insurance covers the following:
| Any permanent injury / death to a person caused by your car. |
| Any damage caused to the property (excluding vehicle) of some other individual by your vehicle. |
In any of the above events, the insurance company will be fully liable to the person suffering such a loss. |
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| What if I sell/ transfer the vehicle during the insured period? |
In case you sell the insured vehicle during the insured period, you can exercise either of the following two options:
| Transfer the policy to another vehicle. |
| The policy can be endorsed to the new owner/ buyer. |
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| What is Personal Accident cover? What are the rules governing it? |
| The insured is adequately covered in case of an occurrence due to the specified hazards leading to bodily injury/ permanent disability or death. The motor insurance policy essentially has a PA cover for the owner-driver, as per tariff, for which no extra premium is to be paid. For a person other than the owner and driver, the PA cover has to be taken separately paying an additional premium. The amount paid as compensation depends upon the extent of cover opted for. And for the driver, the extent of the cover is in accordance with the Workmen’s Compensation Act. |
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| Will I get a Personal Accident cover if the vehicle is registered under someone else’s name, but is driven by me and the premium also paid by me? |
| The policy essentially contains a Personal accident cover for the owner-driver, as per tariff. In case of unnamed driver, the accident cover has to be taken separately. |
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| Can my No Claim Bonus be forfeited? If yes, then why? |
Your NCB will be forfeited in following cases only:
| If there is any claim made. |
| If there is a break in the insurance period for more than 90 days. |
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| Is there any discount available if I install anti-theft alarm and locking system? |
| If your vehicle is fitted with anti theft devices, which is approved by the Automobile Research Association of India (ARAI), a discount on premium is allowed. |
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| Can the accessories of the vehicle be insured? If yes, to what extent? |
| You can insure your vehicle accessories under electrical and non- electrical items (accessories) whose amount is not included in the showroom price of the car but are fitted separately to the vehicle. For that you need to declare the value of such items separately, which will be added to the sum insured over and above the IDV. (Insured’s Declared Value). |
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| What happens if my vehicle has an additional CNG kit? |
| In case of vehicles fitted with bi-fuel system such as Petrol/ Diesel and CNG/LPG, permitted by the concerned RTA, the CNG/LPG kit fitted to the vehicle is to be insured separately at an additional premium of 4% on the value of such kit. You need to specifically declare this in the proposal form. |
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| Will I be eligible for any discounts if I am a member of Automobile Association of India? |
Yes, as a member of any of he following Automobile Association, a discount is given under the policy. The Associations are:
| Automobile Association of Eastern India |
| The United Province Automobile Association |
| The Western India Automobile Association |
| The Automobile Association of Southern India |
| The Automobile Association of Upper India |
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| What is Accident Cover for un-named passengers? |
| This is a Personal Accident cover for other un-named passengers that might be travelling in your vehicle. This is useful for safety of passengers. |
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| How is the value of the vehicle (IDV) determined? |
The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘SUM INSURED’ for the purpose of this tariff and it will be fixed at the commencement of each policy period for each insured vehicle.
The IDV of the vehicle is to be fixed on the basis of manufacturer’s listed selling price of the brand and model as the vehicle proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation (as per schedule specified below). The IDV of the side car(s) and / or accessories, if any, fitted to the vehicle but not included in the manufacturer’s listed selling price of the vehicle is also likewise to be fixed.  |
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| How to calculate value of accessories? |
| The value of accessories is calculated on the original cost of purchase of the accessory less depreciation for the usage. The depreciation is applied at the same rate as is applied for a vehicle for calculating IDV.(Insured’s Declared Value) |
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| Legal Liability Cover for paid driver. What does it cover? |
| This covers Legal liability to paid drivers /and/or cleaner employed in connection with the operation and/or maintenance of motor vehicle under the Workmen’s Compensation Act, Fatal Accidents Act and at Common Law. |
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