Get Road Side Assistance service on Car Insurance, along with cashless services across 3300+garages.
Escape expenses arising from natural and man-made calamities with comprehensive coverage
Increase your knowledge on car maintenance, car models, car accessories and lots more
A Flexible health insurance plan for your family to suit your needs
An enhanced Sum Insured, designed to supplement your existing health
Worldwide coverage against Accidental Death and Permanent Total Disablement (PTD)
Secures International Travelers against unexpected medical and non-medical expenses
Gives peace of mind to Senior Citizens traveling abroad against medical and non-medical expenses
Secures and relieves Frequent Fliers from unnerving, medical and non-medical expenses
Covers medical and non-medical expenses for students studying abroad
Shield your home structure and
/or contents against naturals
calamities and man-made

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Do I need an add on cover if I have zero depreciation cover?

Do I need an add on cover if I have zero depreciation cover?

Mr. Amitabh Jain (Head – Motor Underwriting & Claims) answers questions posed by Mr. Girish Kalra (VP- Corporate Communication, ICICI Lombard) on the need for add-on cover if zero depreciation cover is availed of.

Q (Mr. Girish Kalra – VP – Corporate Communication, ICICI Lombard): I have already purchased a zero depreciation cover for my vehicle. Do I still need to buy an add-on cover for covering Hydrostatic Lock?

Ans. Yes. The Zero depreciation policy only covers depreciation of parts in the Own Damage portion. It does not cover consequential losses.

Q (Mr. Girish Kalra – VP – Corporate Communication, ICICI Lombard): Is there a specified time when I need to buy add-on cover for Hydrostatic Lock, or can I buy it anytime and from anywhere?

Ans. It is advisable that it is bought along with the policy or when the policy is renewed. But, there are options available wherein it can be bought even later.