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  • Caravan vs campervan: Key differences explained

    by Almog Ramrajkar | Mar 13, 2025

    Caravans vs campervans are popular alternatives for experiencing the great outdoors and enjoying the flexibility of mobile life. Both offer unique benefits, and choosing between them can be an important decision for potential adventurers.

    Difference between caravan vs campervan

    At their core, caravans and campervans represent different approaches to mobile living. Caravans are towable trailers that require a separate vehicle. They often have ample space that is perfect for longer stays.

    On the other hand, campervans are self-contained vehicles that combine driving and living spaces in one compact unit. They are ideal for those who prioritise mobility and spontaneity.

    Here are some key differences between a caravan vs campervan:

    Factors

    Caravan

    Campervan

    Mobility and setup

    Caravans are towable units that require a car for travel. You'll need to unhitch and leave the caravan at a location, which takes some time but leaves your car free for local exploring.

    A campervan is both a means of transportation and a place to sleep. You drive and live in it, making it excellent for travellers who want frequent site changes.

    Living space and comfort

    Caravans often have larger living accommodations, with clearly defined areas for sleeping, cooking, and relaxing. Some also include separate bedrooms and larger kitchens, ideal for families or long trips.

    While smaller, campervans make the most of every available area with innovative design elements and movable furniture, even though they often comfortably seat fewer people.

    Driving experience

    Caravans need towing ability and confidence in handling a longer combined vehicle length. Drivers must be familiar with wider curves and variable braking distances.

    While larger than ordinary automobiles, campervans drive similarly to regular vehicles and do not require specialised towing skills.

    Cost considerations

    Caravan owners must consider the expense of a suitable towing vehicle and potential upgrades to their current car.

     

    A campervan normally has a higher initial purchase price than a caravan, but the overall cost picture is more complex. Campervans also have added fees, such as higher road tax and ATS testing.

     

    Conclusion

    Choosing between a caravan and a campervan goes beyond a comparison of features. It's about finding the best fit for your travel goals and lifestyle. Both provide opportunities to explore the outdoors, create memorable experiences, and enjoy the freedom of mobile life. The goal is to learn how each car meets your demands and preferences.

    Car insurance is another important element in this decision. Caravans and campervans have different insurance needs, which can greatly affect overall prices. Campervan insurance often includes the vehicle and the living area in a single policy, whereas caravan insurance is frequently an add-on to current car insurance. Owners should carefully evaluate insurance prices, considering complete coverage that tackles the hazards of mobile life and unexpected emergencies.



    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

  • Motorhome vs caravan: Key differences

    by Almog Ramrajkar | Mar 13, 2025

    Are you looking for a vehicle suitable for your camping needs but are stuck in a motorhome vs caravan debate? Your choice will greatly influence your vacation experience, so understanding the fundamental differences between these two popular alternatives is critical.

    Difference between motorhome and caravan

    Motorhomes are mobile houses with huge living quarters and all the amenities you'd expect in a typical home. They have distinct rooms for cooking, sleeping, and leisure, making them ideal for long trips.

    On the other hand, caravans provide minimal facilities and are towed by vehicles like vans or cars to the campsite. Caravans can be left behind at the location while the tow vehicle is used to explore.

    Let’s check motorhomes vs caravans details -

    Factors

    Motorhome

    Caravan

    Design

    Self-contained vehicle

    It is towed by a vehicle

    Size and living space

    Has more living space than a caravan. It can easily accommodate up to six people, making it ideal for family trips.

    Caravan is smaller, with only a very few rooms. 

    Amenities and comfort

    Often has full kitchens with stoves and freezers, baths, separate eating spaces, and entertainment systems.

    Has a modest kitchenette with a tiny stove and compact refrigerator. Often lack toilets and full bathrooms.

    Mobility

    It can be parked anywhere 

    Require special campsites or pitches for parking.

    Cost and efficiency

    Motorhome often demands a bigger initial investment and higher ongoing maintenance expenditure.

    A caravan is usually less expensive to buy and operate. It is more fuel efficient, and maintenance costs are often lower.

     

    Conclusion

    Both motorhomes and caravans offer distinct benefits for mobile travel and camping. Your preferences determine your choice between the two. Consider your travel style, group size, budget, and comfort needs carefully to make the right decision. Whichever you buy, remember to obtain car insurance to safeguard your vehicle.


     

    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

  • Upcoming family cars in India 2026 complete guide

    by Almog Ramrajkar | Mar 13, 2025

    Have you ever considered what the future holds for family cars as your needs and preferences evolve? The year 2025 promises to mark a significant milestone in the automotive industry, with a series of family cars set to launch in India. These new models are geared towards improving the driving experience, strongly focusing on integrating advanced safety features and environmental sustainability.

    List of upcoming family cars in 2025

    Let us take a closer look at a few upcoming family cars in India that are set to hit the roads:

    1. Kia Syros: The Kia Syros emerges as a B-SUV positioned above the Sonet. It features robust aesthetics and promises a combination of style and substance. The Kia Syros will be available in six variants to accommodate a wide range of customers.
    1. Maruti Suzuki e Vitara: Maruti Suzuki will introduce its first electric SUV, the e Vitara, in January 2025. It boasts a futuristic design and dual battery options, positioning it as a front-runner in the affordable electric vehicle segment for families.
    1. Tata Sierra EV: A revival of the iconic Sierra, this electric version offers premium features and spacious interiors, which makes it suitable for larger families. This model combines nostalgia with modern technology.
    1. Renault New Duster: The revamped Duster is expected to make a comeback with a fresh design and upgraded features. It will compete with cars like Tata Curvv and Hyundai Creta and offer families a blend of durability and style at an affordable price.
    1. Honda WR-V: Scheduled for a March 2026 release, the new WR-V aims to offer compact efficiency with advanced safety features. This makes it ideal for urban families looking for a reliable and stylish SUV.
    1. Renault 2025 Kwid: This hatchback is expected to launch in March 2025 and is designed for the budget-conscious buyer. It is expected to provide a practical and efficient solution for small families or first-time car buyers as its expected price range is Rs. 5 to 7 Lakh.

    Conclusion

    As family cars bring innovation and style to Indian roads in 2025, securing them with car insurance online is essential. Online insurance provides a quick and reliable way to protect your investment and ensures that your new car is covered in any situation. Moreover, with the convenience of comparing policies and premiums online, you can find the best coverage that suits your needs and budget.


     

    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.  

  • Essential Guide to Fuel Additives and Their Usage

    by mohit bohra | Mar 12, 2025

    Have you ever wondered why some cars seem to run smoother and last longer than others? A big part of the secret is fuel additives, an important ingredient mixed with fuel. Fuel additives boost performance and extend the life of engines.

    Understanding what are fuel additives and how to use fuel additives is crucial as the focus remains on sustainability.

    What is a Fuel Additive?

    Fuel additives are chemical compounds mixed with fuels, such as petrol and diesel, in a vehicle to boost its performance and efficiency. 

    They serve multiple purposes, such as:  

    • Cleaning agents: To remove deposits from fuel injectors and combustion chambers.
    • Antioxidants: To prevent fuel oxidation and stabilise fuel during storage.
    • Corrosion inhibitors: To guard the fuel system from moisture-induced corrosion.
    • Octane boosters: To increase the fuel’s octane rating to prevent engine knocking and improve performance.

    How Fuel Additive Works?

    Fuel additives integrate with petrol or diesel to accomplish a variety of enhancements. They work by:

    • Improving fuel efficiency: Additives can reduce the amount of unburnt fuel by ensuring complete combustion. This helps improve mileage.
    • Enhancing vehicle performance: Additives like octane boosters modify the fuel’s combustion characteristics to improve performance, especially under extreme driving conditions.
    • Reducing emissions: Additives promote more complete combustion and help lower the emission of harmful gases like carbon monoxide and unburnt hydrocarbons.

    Types of Fuel Additives

    Understanding various types of fuel additives can help you select the best one for your needs. Let us take a closer look:

    1. Fuel system cleaners: These additives clean dirt, particles, and other contaminants from the fuel system, including the fuel injectors, lines, and all components involved in delivering fuel to the engine. Regular use of fuel system cleaners can improve the performance of your car and increase its mileage.
    2. Octane boosters: These additives boost the octane rating of petrol, which helps prevent engine knocking and damage. 
    3. Lubricants: Lubricants are specifically designed to reduce friction between moving parts within the engine. They also assist in fuel efficiency and increase the lifespan of your engine.
    4. Oil additives: Boosts the overall performance of a vehicle by improving lubrication, reducing friction, preventing corrosion, and cleaning internal parts of the engine.
    5. Diesel cetane booster: Cetane plays a vital role in improving combustion quality. These boosters increase the cetane number, providing faster ignition. This promotes fuel economy, less emissions, and a more seamless engine start.
    6. Fuel-line anti-freeze: These additives prevent the gelling of diesel fuel in cold temperatures to ensure fuel lines remain free. This is needed to prevent engine stalls in cold climates.
    7. Fuel injector cleaners: These are specialised additives created to eliminate buildup from fuel injectors and intake valves. They boost atomisation and engine performance and restore correct spray patterns. They also increase power and fuel economy and help lower efficiency loss.
    8. Anti-gel diesel additives: They are commonly used in cold weather to prevent diesel fuel from thickening or gelling, which can clog fuel filters if not treated. These additives maintain the fluidity of the fuel. 

    Benefits of Fuel Additive

    Fuel additives improve the performance and efficiency of your vehicle in several key ways, like:

    • Increased engine efficiency: Improved combustion from additives leads to more power output and reduced fuel consumption. This makes your vehicle run more efficiently.
    • Prolonged engine life: Additives can significantly extend the operational life of an engine by cleaning and protecting vital engine parts.
    • Reduced maintenance costs: Regularly using specific additives can help in reducing the need for costly repairs and maintenance.
    • Increased horsepower: Some additives are designed to boost the power output of your engine. This offers you better performance.
    • Improves mileage: Additives can improve mileage usage to cut down the fuel expenses. 
    • Reduced emissions: Additives can also help decrease the harmful emissions your vehicle produces. This helps contribute to a cleaner environment.
    •  
  • Complete Guide to Ethanol Fuel Types and Uses

    by mohit bohra | Mar 12, 2025

    Looking for a green option to traditional fuels that does not fall short in performance? Look no further than ethanol, which is primarily made from fermenting crops like corn and sugarcane. Ethanol can be easily added to the fuel infrastructure we already have, and this is very important as the world moves toward cleaner energy sources.

    Let us take a closer look at what is ethanol fuel, its types, and the many aspects related to its use.

    What is Ethanol Fuel in a Car?

    Also known as ethyl alcohol, ethanol is a clear and biodegradable liquid made by the fermentation of sugars using yeasts or through petrochemical methods. Even though this biofuel is mainly known for its use in alcoholic beverages, it also performs a major role as a gasoline additive. This mixture results in various blends, such as E10, E15, and E20—the numbers indicate the percentage of ethanol by volume in each type.

    What is E20 Fuel?

    E20 fuel is made by blending 20% ethanol and 80% petroleum, and it is done so to cut down the dependence on fossil fuels and reduce greenhouse gas emissions. Ethanol in E20 improves combustion efficiency and enables a higher compression ratio in engines. This leads to cleaner burning and fewer harmful emissions.

    What is E10 Fuel?

    E10 fuel is a blend of 10% ethanol and 90% gasoline. This mix is widely used because it can be employed in most modern gasoline engines without any adjustments. The inclusion of ethanol boosts the fuel's octane rating, which improves engine performance by allowing for more efficient combustion. This drastically reduces the emissions of dangerous pollutants compared to regular gasoline.

    Uses of Ethanol Fuel

    The main uses of ethanol fuel are as follows:

    • Vehicle Fuel: Ethanol is primarily used to power automobiles. It lowers greenhouse gas pollution.
    • Energy Generation: Beyond vehicles, ethanol is used in power generation. It offers a sustainable fuel source for turbines.
    • Industrial Solvent and Antiseptic: Ethanol serves as a solvent in industrial applications and a disinfectant in medical settings due to its chemical properties.

    Cars Running on Ethanol Fuel in India

    India is progressively moving towards ethanol fuel blends as part of the national effort to increase sustainability and lower reliance on fossil fuels. The slow deployment of ethanol fuel blends in automobiles supports the government's initiative.

    • Government Initiatives: The Indian government has been proactive when it comes to promoting the use of ethanol. Under the National Biofuel Policy, there is a clear mandate to achieve an E20 blend by 2025. To support this, the government has initiated several subsidies for ethanol producers and tax incentives for both manufacturers and consumers opting for ethanol-blended fuel. These efforts are designed to make ethanol a more economically viable fuel option.
    • Vehicles Using Ethanol Fuel: In response to these policies, several car manufacturers have introduced vehicles like the flex-fuel Innova HyCross, capable of running on higher ethanol blends. For instance, companies like Maruti Suzuki and Tata Motors have started rolling out models that can efficiently operate on E20, with plans underway to support even higher blends. These vehicles are designed to adapt to changing levels of ethanol fuel, ensuring optimal performance and lower emissions.
    • Specific Cars Using Ethanol Fuel in India: While flex-fuel vehicles have been common in many countries, India is catching up with its own deployments tailored to its national ethanol push.
    • Tata Motors’ Flex-Fuel Prototype: Tata Motors has showcased a flex-fuel prototype that can operate on up to E85 ethanol blend. The vehicle is part of Tata's commitment to supporting India's energy security and environmental goals, aligning with the national policy.

    These efforts by major automakers are crucial in aligning the automotive industry with the national objectives of reducing oil dependency and enhancing sustainable fuel usage. The expansion of such vehicles will likely grow as infrastructure for ethanol fuel becomes more widespread and as consumer awareness increases about the benefits of ethanol fuel.

  • Hatchback vs compact SUV: Which one to pick?

    by Almog Ramrajkar | Mar 12, 2025

    The debate about hatchbacks vs compact SUVs is one of the most common conundrums that car buyers face. Both vehicle types have grown immensely over the years, with appealing features that accommodate a variety of lifestyles and interests. While people have long praised hatchbacks for their economy and urban appeal, compact SUVs have gained significant popularity, delivering the ideal balance of usefulness and manageable size.

    Hatchback vs compact SUV: Key differences

    While both vehicles are great everyday drivers, they have distinct qualities. Understanding these differences is vital for making conscious decisions that meet your requirements.

    Factors

    Hatchback

    Compact SUV

    Price

    Generally priced lower than compact SUVs.

    Costlier when compared with hatchbacks.

    Dimension

    Overall similar dimensions as compact SUVs but are lower.

    They are taller and sometimes wider than hatchbacks.

    Mileage

    They have higher fuel efficiency due to their small size and weight.

    Lower fuel efficiency due to aerodynamics and weight.

    Safety rating

    Average safety ratings

    Some compact SUVs have better safety ratings when compared with their hatchback counterparts.

    Comfort & convenience

    Provides improved seat comfort, a larger wheelbase, a bigger interior, and better-tuned suspension for city driving.

    It usually provides higher sitting positions, reduced back legroom, and firmer suspension to deal with additional weight.

    Performance

    It can provide more energetic performance owing to lower kerb weights.

    Its performance is dull compared with a hatchback.

    Boot space

    Most hatchbacks have smaller boot space

    Compact SUVs have larger boot space when compared to hatchbacks

     

    Conclusion

    In the long run, your lifestyle requirements and preferences will help you decide which vehicle to buy. Hatchbacks excel in urban settings and provide excellent value for everyday commuting. Compact SUVs offer adaptability and more space, making them better suited to families.

    Remember that no matter your preference, it is vital to secure your investment with appropriate car insurance. A comprehensive policy will offer financial coverage in the event of accident, routine wear, theft and more.


     

    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.  

  • Car Detailing vs Cleaning: Key Differences Explained

    by Almog Ramrajkar | Mar 11, 2025

    Most car owners are uncertain of the distinction between car detailing vs cleaning services. Understanding the differences between these two services helps them make more informed choices regarding the upkeep and maintenance of their vehicles.

    Difference Between Car Detailing Vs Cleaning

    Regular car cleaning involves basic exterior washing and interior vacuuming. Sometimes, the service also includes a quick wipe-down of surfaces. This concise technique reduces visible dirt and maintains overall cleanliness.

    Professional detailing, on the other hand, elevates vehicle maintenance to an entirely new level. Consider it a full-service spa treatment for the automobile with thoroughly cleaned surfaces, cracks, and corners. The procedure necessitates using specialised instruments, professional-grade materials, and substantial knowledge. Here's a full comparison between these services:

    Factors

    Professional Detailing

    Regular Cleaning

    Duration

    The duration lasts from 4 to 8 hours, depending on the vehicle's needs

    Requires only 30 to 60 minutes

    Paint Treatment

    Comprehensive service, including polishing and paint correction

    Basic wash and rinse only

    Interior Care

    Thorough treatment with deep cleaning, steam cleaning, and leather conditioning

    Simple vacuum and wipe-down of surfaces

    Engine Bay

    Complete cleaning and dressing of engine compartment

    Not included in service

    Wheels & Tires

    Full service, including tyre dressing and wheel waxing

    Basic wheel wash only

    Protection

    Advanced protection with paint sealant or ceramic coating options

    Not included

    Frequency

    Recommended 2 to 4 times per year

    Weekly or bi-weekly service recommended

    Cost Range

    ₹1,500 – ₹10,000

    ₹500 – ₹1000

     

    Conclusion

    While a routine wash maintains a car's basic look, professional detailing preserves its condition and worth and may boost its lifespan. When deciding between car detailing vs cleaning, consider the vehicle's age, condition, and long-term care goals. Regular cleaning is adequate for basic maintenance. However, professional detailing adds the extra degree of attention and protection that distinguishes a vehicle.

    Regular washing and cleaning preserve a car's appearance and value, whereas car insurance protects its financial well-being and peace of mind. A good car insurance policy offers many layers of coverage to protect you against the financial risks of accidents, theft, natural disasters, and more.


    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.  

  • Knuckle Joint in Cars: Parts and Design

    by mohit bohra | Mar 10, 2025

    An important mechanical component of automobiles, a knuckle joint connects the steering system with wheels and suspension. The main function of knuckle joints is to provide flexibility and angular movement for effective manoeuvring. In automobiles, this joint is used at places where mobility is crucial. Let's examine the components, operation, and design process of a knuckle joint in cars in more detail.

    Knuckle Joint Parts

    A number of parts combine to give the knuckle joint its flexibility and longevity. Below are the primary parts of a knuckle joint:

     

    • Fork (Yoke)

    The fork, also known as the yoke, is one of the main parts of a knuckle joint. It is designed with two arms or prongs that hold the other components of the joint securely in place. The fork houses the pin and the eye, ensuring they remain aligned while allowing movement.

     

    • Eye (Socket)

    The eye, also called the socket, is the part of the knuckle joint that fits into the fork. It has a hole through the centre, allowing the knuckle pin to pass through and connect it to the fork. While keeping a solid bond with the fork, the eye gives the joint flexibility.

    • Knuckle Pin

    The knuckle pin is a cylindrical rod that connects the fork and the eye. It passes through the holes in both parts, acting as a pivot point for the joint. The pin allows the joint to move smoothly while keeping the components securely connected. A locking mechanism holds the pin firmly in place to prevent it from slipping out.

    • Collar or Bush

    A collar or bush may be added to the knuckle joint to improve its performance. By lowering friction between the pin and other elements, this part guarantees smoother rotation. The bush adds longevity to the joint by reducing wear and tear.

    • Locking Mechanism

    A locking mechanism, such as a cotter pin, split pin, or locking nut, keeps the knuckle pin secure and prevents it from coming loose. These small but important parts ensure the joint remains stable and does not disassemble during operation.

     

    • Lubrication Points

    Many knuckle joints include small holes or grease fittings for lubrication. These points allow grease to be applied to the joint, reducing friction and ensuring smoother movement. Proper lubrication also prevents wear, rust, and other issues, increasing the joint's durability.

    What is the Design Procedure of Knuckle Joint?

    Designing a knuckle joint involves several steps to ensure it is strong enough to handle loads and flexibility for easy movement. Below is a step-by-step guide to the design process:

    • Determining the Load

    The first step in designing a knuckle joint is to figure out the type of load it will handle. Loads can be in tension, compression, or shear. Designers must also calculate the magnitude of the force the joint will need to withstand. Understanding these details ensures the joint is strong enough for its purpose.

    • Choosing the Material

    The next step is selecting a strong, durable, and wear-resistant material. High-strength steel or metal alloys are commonly used for knuckle joints because they can handle heavy loads and last a long time. The choice of material plays a big role in the joint's performance and safety.

    • Calculating Dimensions

    Once the load and material are determined, the dimensions of the knuckle joint are calculated. The diameter of the knuckle pin is particularly important and is determined using formulas based on the load and the properties of the material. The pin must be strong enough to handle both shear and bending stresses. Similarly, the eye's size and the thickness of the fork arms are calculated to ensure they can handle the forces without bending or deforming.

    • Factoring in Safety

    A safety factor is included in the design to account for unexpected forces or flaws in the material. This safety margin ensures the joint can handle more load than it is expected to face. Typically, a safety factor between 1.5 and 3 is used, depending on how critical the application is.

    • Checking for Stress Concentration

    Knuckle joints can experience stress concentration in specific areas, like around the pinhole or fork ends. These areas are carefully analysed during the design process. Rounded edges or fillets reduce stress in these critical spots, making the joint stronger and less likely to fail.

    • Testing for Movement

    The knuckle joint must allow the required range of movement without interference or stiffness. During the design phase, engineers ensure that the joint components move smoothly together while remaining securely connected. They also identify and correct any potential binding or misalignment.

    • Considering Maintenance

    Maintenance is an important part of the design process. Engineers add features like grease fittings or holes for lubrication to make it easy to reduce friction during the joint's operation. The locking mechanism is also designed to be simple yet secure, allowing easy assembly and disassembly when needed.

    • Prototyping and Testing

    Finally, a prototype of the knuckle joint is created and tested under real-world conditions. If any issues are found, adjustments are made to the design, materials, or dimensions until the joint performs reliably.

    Conclusion

    Knuckle joints play an essential role in cars, providing flexibility and strength. With their simple design and strong construction, they can handle significant loads while allowing connected parts to move freely. Understanding the parts of a knuckle joint, such as the fork, eye, pin, and locking mechanism, gives us insight into how this small but critical component works. Additionally, ensuring your car is covered by a good car insurance policy provides peace of mind in case of accidents, damages and theft.


    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information. 

  • Comprehensive vs bumper-to-bumper car insurance

    by Nitin Vishwakarma | Feb 24, 2025

    We pool so much of our savings to buy our dream car. When we buy it, it is legally necessary to get vehicle insurance for the car. This is necessary to safeguard us against any financial liabilities arising out of damage or loss of the vehicle. When buying car insurance, it is necessary to understand certain terms related to it, so that you can choose the right coverage for your vehicle.

    It is noted that most people have no clear idea regarding comprehensive insurance vs. bumper-to-bumper insurance. So, here we will check the difference between these two types of coverage. 

    Difference between bumper to bumper and comprehensive insurance

    Comprehensive insurance covers a variety of risks, including the financial liabilities arising out of accidents caused to third parties by the insured vehicle and the financial loss due to damage to the car by natural or manmade calamities and theft of the vehicle. However, it only provides a part of the coverage because depreciation is considered when resolving vehicle damage claims. This means the compensation we would receive will be less considering the depreciation of motor parts. This is where bumper-to-bumper add-on comes to our rescue.

    Bumper-to-bumper insurance, sometimes called zero depreciation or nil depreciation insurance, provides complete coverage for your car by paying out 100% of the claim value without considering the vehicle's depreciation.

    Here is a comprehensive Vs bumper-to-bumper car insurance table for your easy understanding.

    Parameters

    Comprehensive insurance

    Bumper-to-bumper insurance

    Coverage

    Considers depreciation of parts

    Does not consider the depreciation of parts

    Age of car

    Up to 15 years

    Up to 5 years

    Type of car

    All types

    All types

    Claims

    No limit on claims

    Unlimited claims available

    Protection against theft

    Available

    Available

    Airbags

    Partial

    Full

    Compensation for components

    Covers but depreciation rates applicable

    Covers without considering depreciation

     

    Comprehensive vs bumper to bumper - Which one to consider?

    Those looking for comprehensive coverage for their car and stable finances in the event of damages or loss may consider comprehensive car insurance. This covers financial liabilities arising from third-party damages and damages to own car. However, when making a claim, the insurer will reduce the compensation amount, considering the depreciation of vehicle parts.

    If you want a full claim amount without any deduction of the depreciation value from the coverage amount, consider a bumper-to-bumper add-on with your basic car insurance. Owners of luxury or premium cars would significantly benefit from this choice, as insurance offers complete protection against minor dents and expensive repairs.

    Both types have advantages. Knowing the difference between bumper-to-bumper and comprehensive insurance is necessary to choose the best one for our car.

     


    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

  • Electric vs power steering: Complete comparison guide

    by Nitin Vishwakarma | Feb 19, 2025

    The steering mechanism in vehicles has evolved with technological advancements, offering drivers enhanced control and comfort. Two prominent technologies, power steering and electric steering, represent significant milestones in this evolution. Understanding the distinctions between these systems is crucial for informed decision-making in the automotive landscape.          

    Power steering vs electric steering

    Here is a list of things associated with power steering vs electric steering. First, we will learn about the Hydraulic Power Steering:

    • Complex system: Hydraulic power steering systems are intricate, involving numerous moving parts to function effectively.
    • Heavier design: Compared to electric steering, hydraulic systems tend to be heavier, impacting the vehicle's overall weight.
    • Hydraulic fluid requirement: These systems rely on hydraulic fluid, necessitating regular maintenance, including fluid changes.
    • Repair challenges: Due to their complexity, hydraulic power steering systems pose more challenges when it comes to repairs, with multiple potential points of failure.
    • Engine dependency: Hydraulic steering systems derive power directly from the engine, affecting fuel efficiency even when driving in a straight line.

     

    Here are the features of Electric Power Steering that make it unique from hydraulic power steering:

     

    • Simplified design: Electric power steering systems feature a more straightforward design with fewer moving parts, contributing to overall efficiency.
    • Lightweight: Electric steering is lighter than its hydraulic counterpart, reducing the vehicle's overall weight.
    • Fluid-free operation: Unlike hydraulic systems, electric power steering does not require hydraulic fluid, leading to reduced maintenance needs.
    • Ease of repairs: Electric steering systems are generally easier to repair with fewer components and potential failure points.
    • Smart power usage: Electric steering draws power only when the wheel is turned, optimising fuel efficiency by not continuously sapping engine power.
    • Consistent performance: Electric power steering provides a consistent steering experience across different speeds, enhancing overall driving comfort.

    Conclusion

    In the ever-evolving realm of power steering, comparing hydraulic and electric systems illuminates the automotive industry's transformative journey. Hydraulic power steering has been a steadfast companion, steeped in history with nuanced feedback. However, the ascent of electric power steering signifies a notable leap forward. Electric steering is becoming the preferred choice in modern vehicles. Amidst maintenance, repairability, and driving experience considerations, electric steering emerges as the progressive and superior option in contemporary automotive design. As drivers embark on this technological shift, the assurance of comprehensive car insurance remains a prudent companion, safeguarding their vehicles in the evolving landscape.

     


    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

  • Guide to key protect coverage in car insurance

    by Nitin Vishwakarma | Feb 19, 2025

    KP, short for key protect, is a type of add-on cover that provides financial protection against the loss or damage of car keys. This comes in handy as modern cars are equipped with expensive anti-theft keys or key fobs, making them expensive to replace.

    The KP cover steps in to cover the cost of replacing or repairing the keys that are lost, stolen, or damaged. By paying a slightly higher car insurance premium you can avail of KP in car insurance. It can be added to both own damage car insurance policy and comprehensive car insurance policy.

    In this blog, we will discuss in detail what is KP in car insurance, including its benefits, inclusions, and exclusions. We will also help you understand how to buy a key protection cover online and the steps to follow in case you need to make a claim.

    Benefits of having KP in car insurance

    Having KP in your car insurance policy comes with the following benefits:

    • Financial security: This add-on covers the cost of replacing or reprogramming your car keys and locks where necessary.
    • Convenience in the event of loss of keys: In a scenario where you lose the keys, KP reduces the hassle. Your insurer will provide you with a new set of keys.
    • Peace of mind: With KP, one will be stress-free as they don’t have to worry about the high costs associated with the replacement of advanced car keys.
    • No-claim bonus: Claiming the KP policy will not affect the no-claim bonus under your primary cover.

    KP in car insurance coverage

    The inclusions and exclusions of KP in car insurance are detailed below.

    Inclusion of key protect cover in car insurance

    Such an add-on covers specific risks and losses due to different unexpected circumstances. The KP add-on typically covers the following:

    • Loss of car keys: The insurer will cover the cost of replacing the keys in the event your car keys are misplaced due to unexpected incidents while on the road.
    • Stolen car keys: The insurer pays you the cost of replacing the stolen car keys. The policyholder is compensated to prevent theft-related losses.
    • Damaged car keys: The insurer covers you against the cost of replacing your car keys damaged during an accident or any unforeseen incidents.
    • Damaged lockset: In case the lockset of your vehicle is damaged, KP covers the repair or replacement cost.

    Exclusion of key protect cover in car insurance

    However, there are certain exclusions typically associated with KP:

    • Negligence or misconduct: Loss or theft that occurs as a result of carelessness, negligence, or willful act of the car owner.
    • Warranty: Keys covered by a manufacturer’s warranty do not fall within this cover.
    • Environmental damage: Damage from a cause not acting directly on the insured property, for example, radiation
    • Natural deterioration: Wear and tear damage and any other natural deterioration like corrosion and rust affect the keys.
    • System failures: Any breakage or damage of the locks sustained due to any electrical or mechanical failures to the vehicle’s lock system.
    • Non-key components: Any damage that occurs to parts of the vehicle that is not directly related to the key, for example, damage to the immobiliser, and the vehicle’s ignition system

    How to buy key protect cover online?

    Purchasing KP coverage online is straightforward:

    1. Visit your insurer’s website: Log onto your car insurance provider’s website.
    2. Select/add KP cover: When renewing or purchasing a new policy, you can add KP cover to your cart.
    3. Pay for the add-on: Complete the purchase by paying the additional premium for the KP cover.

    Steps to claim under KP in car insurance

    If you have included your car keys under Key Protect, here is what to do when you lose or the keys get damaged:

    1. Initial report: As soon as you discover that your car keys are lost or damaged, you should report to the insurance company about the event.
    2. Police report: If the keys were stolen, you should also file an FIR at the local police station.
    3. Key replacement or repair: Proceed to the replacement or repair of your car’s keys.
    4. Documentation submission: Submit the completed claim form along with the police report and any other required documents to your insurer.
    5. Claim settlement: Following verification of your claims, the insurer will settle the claim by processing your repayment.

    Conclusion

    The key protect add-on cover is a valuable feature for anyone looking to enhance their car insurance policy. It not only mitigates the financial impact of replacing lost or damaged car keys but also provides significant convenience and peace of mind. As cars become more technologically advanced, and replacement costs for keys increase, KP in car insurance can be a prudent investment in protecting yourself against unexpected expenses.

     


    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the relevant industry. It is advised to verify the relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

  • When Does Car Insurance Premium Decrease Guide

    by Nitin Vishwakarma | Feb 17, 2025

    Understanding when car insurance decreases is crucial for budget-conscious individuals. Various factors influence the dynamics of insurance costs, and knowing when to anticipate a reduction can help vehicle owners plan their expenses more effectively.

    When does car insurance decrease?

    Let's see when does car insurance go down:

    • Age-Related Premium Reduction

    As a vehicle ages, its insured declared value (IDV) decreases, reducing the car insurance premium.

    • IDV Calculation and Depreciation

    Car insurance companies use a table based on the car's age to calculate its IDV, incorporating depreciation as a factor.

    • IDV Percentage by Age

    Insurance companies often determine the Insured Declared Value (IDV) percentage based on the age of the vehicle. The IDV is typically set at 95% of the vehicle's market value for vehicles under six months old. The IDV may be adjusted to 85% between six months and one year. As the vehicle ages, the IDV percentage decreases:

    • For vehicles between one and two years old, it is set at 80%, for those between two and three years old.
    • It is 70%.
    • For vehicles aged between three and four years, the IDV drops to 60%.

    Vehicles between four and five years old are typically insured at 50% of their market value. Beyond the five-year mark, the IDV percentage is subject to mutual agreement between the car owner and the insurance company. This tiered approach ensures that the insurance coverage aligns with the vehicle's depreciating value over time.

    • Depreciation and Insured Declared Value (IDV)

    Depreciation, caused by regular wear and tear, contributes to a car's reduced monetary value over time. For example, When seat covers wear out and lose value, a car undergoes damages, accidents, and component wear, leading to decreased IDV.

    • Impact on Car Insurance Premiums

    Owners of the same car models with different manufacturing years pay different sums for car insurance due to variations in IDV.

    • Flexibility of Temporary Car Insurance

    For short-term needs, individuals can explore temporary car insurance, which allows coverage for as little as a day, providing flexibility to suit specific requirements.

    Conclusion

    Car insurance premiums decrease primarily with the age of the vehicle. The IDV calculation, influenced by depreciation, is pivotal in determining the insurance cost. As a car ages, its monetary value decreases, leading to a corresponding reduction in insurance premiums. Understanding these dynamics helps vehicle owners make informed decisions, ensuring that their insurance expenses align with the changing value of their cars over time.

     


    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the relevant industry. It is advised to verify the relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

  • Tyre Inspection: Tips for Safety

    by Amit Moolya | Feb 13, 2025

    Taking a few minutes to check the condition of your car's tyres before you hit the road is a small but important step to ensure safety. You need to inspect tyre tread and pressure. 

    Learn more about tyre inspection, when to change tyres, and ways to clean them.

    What is Tyre Inspection?

    Tyre inspection involves looking for punctures, bulges, cracks, scrapes, and the overall extent of wear and tear.

    How to Check Tyres?

    Here’s how you can carry out a car tyre safety check:

    • Monitor the Tyre Pressure

      Use a pressure gauge to check the air in your car tyres. Doing this will help determine whether the tyres are properly inflated or need an air refill.

    • Check out the Tread Depth

      Monitoring tread depth means checking your tyre grooves. You can do this using a coin. Try vertically inserting a coin into each tyre tread. This will tell you if the tyres have equal tread depth. For a perfect measurement, you can use a tread depth gauge. If the tread depth is not up to par, stop using the tyre immediately.

    • Examine the Tyre’s Overall Condition

      It always helps to monitor possible signs of tyre damage. Some warning signs that indicate that it’s time for a replacement are cracks, punctures, cuts, bulges, or bumps. Any warning sign may mean that it’s time to replace the tyre or hire a professional tyre service. The replacement will mostly depend on the age of your vehicle's tyres.

    When Do Tyres Need Changing

    The following situations should tell you when to replace the tyres:

    • If you have used the vehicle for about 5-6 years. This applies even when you see no visible signs of wear and tear. 
    • If you drive the car under damaged or harsh road conditions, such as potholes, bumps, or regions with extreme weather conditions. 
    • An individual’s driving habits also determine the life of a car tyre. These factors include driving speed, failure to service the car regularly, misusing the emergency brakes, and using incompatible wheel and rim sizes.
    • In the event of an accident, even if you experience only minor damages.

    Ways to Clean Tyres

    Follow these steps whenever you want to clean your car tyres:

    • Get all the necessary tools ready (mild detergent, soft to medium-bristled brush, towel, etc.)
    • Spray water on the tyre and the rim from various angles.
    • Apply the cleaning solution.
    • Let the detergent absorb for a few minutes to loosen the grime, making rinsing easier.
    • Start scrubbing the tyre surface (for spots with hard grime, use other brushes that are more efficient).
    • Rinse the tyre thoroughly to eliminate all cleaning products.
    • Use a towel to dry out the tyre.

    You can apply wheel wax to your tyres to make the cleaning process easier. The wax makes the surface of the tyres shine and attain a brand-new look. Importantly, it creates a protective layer that safeguards the tyres from contaminants.

    Conclusion

    Inspecting your vehicle's tyres is an essential part of car maintenance. With the increase in road accidents, you must prioritise your safety and that of others by performing a routine tyre inspection before you go for a drive. Regular checkups will help you resolve any issues you detect immediately.

    Also, consider purchasing the right car insurance policy to protect your finances and cover emergencies like road accidents. In this case, the insurance will pay for hospital bills and car damages.

     


     

    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

     



  • Zero-Emission Vehicles: Types & Impact

    by Amit Moolya | Feb 13, 2025

    Relying on zero-emission vehicles (ZEVs) is a significant step towards a pollution-free future. ZEVs do not produce tailpipe emissions or are designed to release almost no emissions. For example, an electric vehicle is a ZEV because it produces no emissions.

    What Are Zero-Emission Vehicles

    So, what is a zero emission vehicle? Simply put, they are a pollution-free mode of transport. Zero-emission vehicles have a positive environmental impact, making them popular in recent years. Some ZEVs can also have an internal combustion engine but can operate without it.

    Types of Zero-Emission Vehicles

    There are mainly three types of ZEVs in the market:

    • Battery electric vehicles
    • Plug-in hybrid electric vehicles
    • Hydrogen fuel cell electric vehicles

    Battery Electric Vehicles (BEVs):

    Battery electric vehicles (BEVs) are zero-emission vehicles powered by rechargeable batteries. These are the most fuel-efficient vehicles available on the market, generating no tailpipe emissions.

    BEVs are ideal for those looking to significantly reduce fuel costs. They are also an excellent option for those seeking to lower maintenance costs.

    Plug-in Hybrid Electric Vehicles (PHEVs):

    Plug-in hybrid electric vehicles (PHEVs) are ZEVs equipped with both rechargeable batteries and gas engines. Compared to traditional internal combustion engine-powered vehicles, PHEVs are more economical. They can be charged at charging stations or at home and can also be refuelled at a gas station. These vehicles are best suited for those who frequently travel long distances and are planning to switch to a battery-electric vehicle.

    Hydrogen Fuel Cell Electric Vehicles (FCEVs):

    Hydrogen Fuel Cell Vehicles are also referred to as Fuel Cell Electric Vehicles (FCEVs). They are hydrogen-powered and more efficient than traditional internal combustion engine vehicles. These vehicles also produce no harmful tail emissions but only water vapour and warm air.

    How Does a Zero-Emission Vehicle Work

    ZEVs run on batteries, which need to be charged regularly as they serve as the power source for the vehicle’s operation. The propulsion technology in ZEVs is designed to limit the emission of harmful gases produced by non-renewable energy sources like diesel or petrol. Let’s take a look at the different types of ZEVs and their working mechanisms.

    Impacts of Not Using Zero-Emission Vehicles

    The transport sector, in its current state, is the biggest contributor to greenhouse gas emissions on our planet. The overdependence on fossil fuels has degraded Earth’s environment. With overpopulation, more people are purchasing cars, and the emissions from traditional internal combustion engine (ICE) models are contributing to climate change, ozone depletion, and rising global temperatures.

    Conclusion

    Local governments around the world are adopting ZEVs with increasing ambition. To combat the growing problem of air pollution, authorities are replacing gasoline and diesel-powered trucks and buses with this green technology. A reliable car insurance policy helps protect against the risks of ZEV breakdowns and battery malfunctions. It offers protection against accidents, theft or damage as well.

     


     

    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

  • Launch Control System in Cars

    by Amit Moolya | Feb 13, 2025

    Acceleration plays a crucial role in determining how fast a car can go. The purpose of launch control systems is to enable vehicles to accelerate as efficiently as possible from a standstill. Whether you're at a race track or striving for the best 0-60 mph time on the road, launch control ensures your car delivers optimal power and grip when you press the accelerator. While this technology is most common in high-performance sports cars and racing vehicles, it has gradually made its way into mass-production cars.

    Functions of Launch Control

    Launch control systems are designed to optimise a car’s initial acceleration. Here are the primary functions:

    • Maximising Power Delivery: Launch control helps deliver the right amount of power to the wheels without overloading them, which ensures smooth acceleration.
    • Preventing Wheel Spin: Avoids excessive wheel spin by controlling how power is delivered.
    • Optimal RPM Management: Launch control allows the engine to rev to an optimal RPM (revolutions per minute) before launching, ensuring better performance and control.
    • Ensuring Consistency: It helps drivers achieve consistent starts every time, making it ideal for racing scenarios where reliability is crucial.
    • Improving Grip: The system manages power transfer to the wheels, ensuring better grip and traction from the get-go.
    • Simplifying the Launch Process: It reduces the need for manual intervention by automatically controlling the acceleration process, making it easier for drivers, especially beginners, to execute a fast start.

    How Does Launch Control Work

    Launch control works by managing how the car’s engine and transmission deliver power during the initial acceleration phase. It adjusts the engine's RPM, limits wheel spin and ensures the launches with maximum speed and control. Below is a breakdown of how launch control works:

    • Activating Launch Control

      To activate the launch control, the driver typically selects a specific mode or presses a button located on the dashboard or steering wheel. Some vehicles automatically activate the system when placed in a special performance mode. Once activated, the system sets the engine’s RPM to an optimal level for launching. This RPM is typically lower than the engine’s maximum (redline) but high enough to give the car sufficient power for a strong start.

    • Throttle Control

      When the driver presses the accelerator, launch control takes over, ensuring the throttle opens gradually. This prevents the engine from revving too high and causing the wheels to spin out of control. The car's computer system carefully monitors how much power is sent to the wheels to ensure the car doesn't lose traction. By precisely managing throttle input, launch control helps the car accelerate smoothly without any sudden jerks or spins.

    • Transmission Control

      In cars with manual transmissions, launch control also manages how the clutch engages and how the gears shift. For automatic or dual-clutch transmissions, the system ensures quick and seamless shifts. It also works in tandem with the car’s traction control system, adjusting power distribution if wheel spin occurs, thereby maintaining grip and stability.

    • Launch

      Once everything is set, the driver can simply press the accelerator, and the car launches forward. Launch control ensures that the car accelerates smoothly and with maximum performance. Managing the RPM, throttle, transmission, and traction gives the driver the best possible start and helps achieve faster acceleration without the risk of wheel spin or loss of control.

    What Are the Benefits of Launch Control?

    Launch control offers several advantages, particularly when it comes to performance and driving safety. Below are the key benefits:

    1. Improved Acceleration

      • Faster Starts: The main benefit of launch control is that it helps cars achieve faster acceleration from a standstill. By controlling the engine’s RPM and throttle, it reduces the chances of losing time due to wheel spin or poor traction.
      •   Consistent Results: With launch control, the car’s performance is more predictable, allowing for consistent acceleration every time. This is particularly important for racers or those trying to achieve the best lap times.
    2. Better Control

      • Enhanced Control: By managing power distribution and wheel spin, launch control ensures tyres maintain a grip on the road, even on slippery or uneven surfaces.
      • Reduced Driver Error: For less experienced drivers or those unfamiliar with high-performance vehicles, it minimises the risk of overpowering the car or losing control during the launch phase.
      • Smoother Gear Shifts
      • Automatic Gear Shifting: For automatic transmissions, launch control allows for faster and smoother gear shifts, ensuring that the car accelerates with minimal delay or hesitation.
      • Less Stress on the Driver: In manual transmission, launch control can make it easier for drivers to manage the clutch and gear changes, especially in stressful racing or performance environments.
    3. Minimised Wear and Tear

      • Less Stress on the Car: Launch control reduces the strain on the car’s engine, transmission, and tyres by preventing sudden surges of power, which, in turn, may lead to damage or excessive wear. The system ensures a controlled application of power.
      • Protecting the Drivetrain: With a properly executed launch, the drivetrain components experience less stress compared to a poorly executed start. It results in better durability and fewer repairs.

    Conclusion

    Launch control is an essential feature in modern performance cars, especially for drivers who want to achieve the best possible acceleration and performance. By optimising engine power, managing wheel spin, and ensuring seamless gear shifts, it significantly enhances driving performance and control.  While enjoying the advanced technological features of the launch control system, it's equally important to ensure your car is fully covered by comprehensive insurance. Make sure to get the best four-wheeler insurance to protect your vehicle and enjoy these advanced features with peace of mind.

     


     

    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

  • Essential Guide to Third Party Car Insurance

    by Nitin Vishwakarma | Feb 11, 2025

    Accidents can happen to anyone, regardless of their driving skills. You never know when a two-wheeler will pass you on the wrong side of the roadway. You also never know when a pothole will cause your car to jolt and damage its components while you are going at a steady speed. A car insurance policy is there to protect against all of these risks. This motor insurance policy is broadly classified into three types (viz., third-party liability insurance, comprehensive coverage, and standalone own damage cover), out of which today we will explore the most basic coverage, third-party liability insurance.

    What is Third-Party Liability Cover?

    Third-party insurance, or basic cover or liability coverage, is mandatory for vehicle owners. It comes into play if your insured car damages someone’s property due to a collision or injures someone outside the insured vehicle in an accident.

    It is crucial to note that a third-party liability insurance plan does not cover any losses or damage to the covered vehicle. You cannot extend policy coverage by adding a rider to your basic liability coverage. 

    How does Third-Party Liability Cover Work?

    Suppose you were driving from home to work one day. A pedestrian appears out of nowhere at the intersection as you prepare to make a turn. Before you applied the brakes, your car collided with that person, causing him major injuries. You rush to the hospital to help him receive rapid treatment while simultaneously completing the necessary paperwork. The hospital hands you a bill for Rs 6,00,000. In this situation, after analysing the claim, the insurer will cover the medical expenditures. 

    How to Claim for Third-Party Car Insurance?

    If you have injured someone or damaged the person’s property, here is how to file a third-party car insurance claim.

    • Call your insurer and tell them about the situation. Ensure that you notify them within the specified timeframe. 
    • Next, contact the police station under whose jurisdiction the accident occurred. File an FIR there, and keep a copy.
    • Go to your insurer's website to fill out the claim form. Upload all required paperwork.
    • Following the claim submission, the insurer will appoint a surveyor to examine the degree of the third party's loss and, based on that, prepare and submit a report to the claims department.
    • After the claims department evaluates the submitted report and finds it satisfactory, they will settle the claim amount. 

    Features of Third-Party Liability Coverage

    Listed below are the significant features of third-party liability coverage. 

    • Lower premiums: Since this policy provides the bare minimum of coverage, the premiums are significantly lower than those for standalone own damage and comprehensive insurance.
    • Instant cover: Like any other policy, you must simply visit your insurer’s website, enter car-related information, such as registration number, make and model, and finally make the payment. Following these procedures, you will immediately receive a soft copy of your insurance document at your registered email ID.
    • Limited coverage: As previously stated, the policy does not cover damage or theft of insured vehicles.

    Third-Party Liability Cover Premium

    You may not be aware that the insurance regulator (IRDAI) determines the premium for liability coverage based on the car’s displacement size. The insurer can only set the rate for the own damage portion of the four-wheeler insurance. Here are the latest rates. 

    Premium for Single-Year Policy

    Cubic Capacity of the Engine 

    Car Insurance Premium

    Up to 1000 CC

    Rs 2094

    Above 1000 CC but less than 1500 CC

    Rs 3416

    Over 1500 CC

    Rs 7897

     

    Premium for 3-Year Policy 

    Cubic Capacity of the Engine 

    Car Insurance Premium

    Up to 1000 CC

    Rs 6521

    Above 1000 CC but less than 1500 CC

    Rs 10,640

    Over 1500 CC

    Rs 24,596

     

    Premium for Single-Year Policy for Electric Cars

    Cubic Capacity of the Engine

    Car Insurance Premium

    Less than 30 KW

    Rs 1780

    Above 30 KW but less than 65 KW

    Rs 2904

    Over 65 KW

    Rs 6712

     

    Premium for 3-Year Policy for Electric Cars

    Cubic Capacity of the Engine

    Car Insurance Premium

    Less than 30 KW

    Rs 5543

    Above 30 KW but less than 65 KW

    Rs 9044

    Over 65 KW

    Rs 20907

    Exclusions of Third-Party Liability Cover

    • The policy does not reimburse medical costs if an insured car driver sustains an injury. Such medical bills are covered under the personal accident component of your comprehensive cover. 
    • If the insurer comes to know that at the scene of the incident, you were driving under the influence of alcohol/drugs, no claim will be accepted.
    • The insurer might reject the claim if the insured car driver is a minor or a lunatic.

    Conclusion 

    Third-party liability coverage is required to drive legally in India. However, this policy does not cover the insured vehicle or its driver and passengers. Thus, experts recommend opting for comprehensive or enhanced third-party liability coverage with own damage insurance and a few riders.

  • Complete Guide to Car Insurance Theft Coverage

    by Nitin Vishwakarma | Feb 11, 2025

    If you’re thinking — does car insurance cover theft — the answer is yes. Now, let us see what type of insurance policy covers the theft of the vehicle.

    What’s covered by a car insurance policy?

    Car insurance policies are of two categories: comprehensive and third-party liability coverage.

    As the name suggests, a third-party liability plan offers coverage for damages to third parties. These plans have a limit on how much the insurer will pay to the third party. You will not receive coverage if your car gets stolen.

    A comprehensive policy covers theft of the vehicle, accidents, third-party liabilities, own damage cover, etc. Some comprehensive car theft insurance policies offer the following benefits in case your car is stolen —

    • Daily allowance for Car Theft: If your car gets stolen, the insurer may provide you with the cost of hiring a rental car for a certain period, as mentioned in your policy document.
    • Courtesy/Hire Car: Some insurers even provide a replacement courtesy/hire car within 24 hours after the vehicle is reported stolen.
    • Partial Theft Coverage: In case some parts or accessories are stolen, you can get them replaced without losing your no-claim bonus.

    Steps to file a claim if your car is stolen

    Here's how to file a claim in case your car gets stolen.

    • File an FIR

    You are immediately required to file an FIR upon discovering the theft of your vehicle.

    • Contact Your Insurer

    Notify your insurer and submit the duly filled claim form along with a copy of the FIR.  

    • Inform the RTO

    The next step is to notify the Regional Transport Office (RTO) to avoid legal issues if the car is misused. You have to provide the RTO with the vehicle’s Registration Certificate, FIR copy, your driver's license, and a copy of the insurance claim form that you submitted when making a claim.

    • Documents required

    You must keep certain documents ready. The list below will be handy.

    1. Copy of FIR
    2. Copy of the RC of the vehicle
    3. A duly filled and signed claim form
    4. Photocopy of your driving license
    5. Copy of your car insurance policy document
    6. Original keys of the car
    7. Duly signed RTO Transfer Forms 28-30
    8. In the case of ongoing car loan, NOC and Form 35 from the financer

    Conclusion

    Car theft insurance can be covered by a comprehensive car insurance plan. It will also provide other benefits like allowances for hiring a rental vehicle and coverage for partial theft. By following certain simple steps, like filing an FIR, contacting your insurer, informing the RTO, and also keeping the necessary documents at hand, you can navigate the claims process efficiently.

     


    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the relevant industry. It is advised to verify the relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

  • Guide to Multiple Personal Accident Insurance Plans

    by Nitin Vishwakarma | Feb 11, 2025

    Accidents may occur at any time in life, and it’s impossible to foresee when they will occur. They can cause physical injuries, permanent disabilities, or even death. Such incidents can not only take a toll on mental well-being and cause emotional distress but also lead to financial burdens. Loss of income, medical expenses, and other related costs can add up quickly and take a toll on an individual's financial stability. In such situations, having a safety net in the form of insurance can be a significant relief. Multiple personal accident insurance policies offer a safety net in such circumstances.

    What is Multiple Personal Accident Insurance?

    Multiple personal accident insurance is a type of coverage where an individual purchases more than one personal accident insurance policy. The primary objective of multiple personal accident insurance is to increase the total coverage amount and enhance the financial protection provided to the policyholder in case of an accident.

    For example, suppose an individual purchases a personal accident insurance policy with a coverage of Rs 15,00,000 with motor insurance. In addition, he also purchases a PM Sadak Bima Yojana with a coverage of Rs 2,00,000. In case of an accident that results in permanent disability or death, the individual or the person’s family can make claims under both policies to receive the benefits. However, the total amount claimed cannot exceed the actual loss (policyholder’s life value).

    It is worth noting that multiple personal accident policies usually differ in terms of premium, coverage, and tenure.

    Benefits of Multiple Personal Accident Insurance

    • Increased coverage: Individuals can purchase multiple policies and increase their total coverage amount to meet their specific needs.
    • Higher financial protection: Multiple policies offer increased financial backup to individuals and their families in case of accidents resulting in permanent disability or death. This can help cover medical expenses and compensate for the loss of income.
    • Customised coverage: Multiple policies can offer customised coverage options that cater to the specific needs of the individual. For instance, one policy can provide coverage for accidents occurring while travelling, while the other can provide coverage for mishaps occurring in the workplace.
    • Additional benefits: Some insurance providers cover funeral expenses, hospitalisation expenses, and ambulance charges under multiple personal accident insurance policies.

     


    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the relevant industry. It is advised to verify the relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

  • Understanding Mandatory Car Insurance in India Guide

    by Nitin Vishwakarma | Feb 10, 2025

    The question, 'Why is car insurance mandatory in India?' is a common concern among vehicle owners. According to the Motor Vehicles Act (1988), it is compulsory for all vehicles plying on Indian roads to have a valid car insurance policy. A car owner must have mandatory third-party liability coverage before he/she takes the car out on the road. This coverage offers coverage against damage to a third party’s property or injury to the person.

    Although third-party liability coverage is mandatory, investing in a comprehensive plan is wiser. A comprehensive plan will offer coverage for not only third-party liabilities but also own damage. Look for car insurance online and choose an insurer you can always rely upon.

    Benefits of Car Insurance

    The benefits of car insurance include the following:

    • Coverage against unforeseen circumstances

    Once you have car insurance, you enjoy coverage against possible losses that may result from an accident or any damage to the insured vehicle. A comprehensive insurance policy offers full car coverage. Such a policy entails coverage for damages to your vehicle due to an accident, third-party liabilities, fire, natural calamities, and theft.

    • Accumulate no-claim bonus

    A no-claim bonus is a reward your insurers give you for not making any claims in a policy year. It is a discount on the premium, which increases with every claim-free year and goes up to 50% for 5 consecutive claim-free years. 

    • Covers third-party liabilities

    If a car accident occurs and a third party gets injured, hospital care can be expensive. A third-party liability plan covers the hospital bills of the third party injured in the accident. It will also cover the expenses of the repairs if your car is involved in an accident that results in damages to the property of a third party.

    What will happen if you don't have car insurance?

    If you don't have a valid car insurance policy, you can face severe consequences, including:

    • Suspension of your driving license
    • Legal proceedings may be initiated against you, and you may face severe punishment
    • A heavy traffic fine may be levied if you are caught driving without a valid DL by the traffic police
    • If you are a repeat offender, you may face a penalty in the form of a substantial fine and/or imprisonment
    • If you meet with an accident, you will have to shell out all costs incurred due to third-party liabilities as well as your damage
    • Suspension or cancellation of your vehicle registration
    • You can have your vehicle impounded

    Conclusion

    Based on 1988's Motor Vehicle Act, it is necessary to have insurance coverage for all vehicles traversing the Indian roads. A motor vehicle owner can choose between mandatory car insurance in India and comprehensive coverage. However, a basic third-party liability cover may not offer you the sufficient coverage you need. Hence, opting for comprehensive car insurance will let you enjoy your rides with complete peace of mind. 

     


    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the relevant industry. It is advised to verify the relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

  • Guide to Voluntary Deductible in Car Insurance

    by Nitin Vishwakarma | Feb 07, 2025

    When it comes to car insurance, you've probably heard about the concept of a "deductible.". But what is a voluntary deductible in car insurance exactly? Well, think of it as the amount you agree to pay out of your pocket before your insurer comes in to cover the rest in case of a claim. Unlike deductibles imposed by insurers, which are non-negotiable, voluntary deductibles are something you get to choose based on your needs and financial situation. Opting for a deductible indicates you are willing to take on more risk, which can result in lower premiums, as the insurer sees you as a less risky policyholder.

    Who doesn't like saving money on insurance premiums, right? We do! So, let us explore whether opting for a higher deductible to reduce your premium is a smart financial decision or not.

    Voluntary Deductibles in Car Insurance

    Let’s say you opt for car insurance online and want to know more about voluntary deductibles. The table below will help you understand how the voluntary deductible is calculated.

     

    Voluntary Deductible Discount on Premium

    INR 2,500

    20 per cent on the Own Damage premium of the vehicle, subject to a maximum of INR 750

    INR 5,000

    25 per cent on the Own Damage premium, subject to a maximum of INR 1,500

    INR 7,500

    30 per cent on the Own Damage premium of the vehicle, subject to a maximum of INR 2,000

    INR 15,000

    35% on the Own Damage premium of the vehicle, subject to a maximum of ₹2,500

     

    Please keep in mind that these numbers could vary depending on the insurance company. It's always best to consult your insurer for information regarding deductibles and any associated discounts.

    Why would you want a higher voluntary deductible?

    • Having Confidence in Driving Skills: If you're a confident driver and have a clean record without any accidents or claims, choosing a voluntary deductible in car insurance could be a wise decision. Your low-risk profile reduces the likelihood of needing to file a claim, leading to savings on your premium.
    • Residing in a Safe Neighbourhood: Living in a safe area with lower accident risks can also support opting for a higher voluntary deductible. With fewer chances of requiring to make claims due to the neighbourhood’s low accident rate, selecting a voluntary deductible can be more appealing and result in reduced premiums.
    • Financial Preparedness: If you have sufficient savings or financial stability to cover the increased deductible amount in case of the event of a claim, opting for a higher voluntary deductible may be practical.

    When does a voluntary deductible NOT make sense?

    • Limited savings: If you lack savings to cover the elevated deductible amount, it may not be the most prudent choice.
    • High-risk profile: If you've had accidents before or often drive in accident-prone areas, choosing a voluntary deductible could be risky because it might lead to significant out-of-pocket expenses if you make a claim.
    • Minimal savings: Sometimes, the extra savings from a voluntary deductible may not be worth it, especially when the difference in premiums is minimal.
    • Older vehicle: When you have an older vehicle, insurance costs usually go up. Since the voluntary deductible is a percentage of the premium, it also increases accordingly.

    Conclusion

    Voluntary deductibles in car insurance allow you to customise your car insurance based on your needs and budget. However, don't rush into opting for a voluntary deductible without carefully considering the advantages and disadvantages to ensure it's the best decision for you.

    By consulting with your insurance provider and taking a thoughtful approach, you can make a well-informed decision while optimising your savings.

     


    Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the relevant industry. It is advised to verify the relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

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