What is it?

‘Pay as you use’ is our telematics based car insurance plan that helps you insure your car at really affordable prices depending on your usage.

Why you’re going to love it?

  • car

    Low premiums based on the kilometres you drive.

  • car

    Customisable coverage options.

  • car

    Free telematics device that helps you keep track of your car’s health.

How does it work?

  • You pick a plan, which will be valid for a year, depending on the kilometres you cover; up to 3000, 7500 & 10,000 Km.
  • We will provide you with the telematics device and we’ll even take care of the installation.
  • You can customise your plan with your choice of add-on covers.
  • You can even track your usage, remaining balance and more on the telematics device app.
  • We’ll send you timely reminders to top-up your plan.
  • If you exhaust your balance, you can easily get a top-up by calling our toll free number - 1800 2666
  • You can also renew your plan within the policy period if you exhaust your balance.
Disclaimer: Pay As You Use (Sandbox application no.173) is offered as an experiment under the Regulatory Sandbox proposal valid from 1st February 2020 to 31st July 2020

What is it?

Our ‘Pay How You Drive’ is our telematics based car insurance plan for which the premium is calculated on how you drive. It’s available to those of our existing customers who already have a telematics based car insurance plan. Unlike other plans, your premium for ‘Pay How You Drive’ is calculated based on your driving behaviour. The better and safer you drive, the lesser you pay!

Why you’re going to love it?

  • car

    Low premiums based on how you drive.

  • car

    Customisable coverage options.

  • car

    You receive a weekly summary of your driving behaviour, along with tips to improve your driving score. The better you score, the more you save on your premium.

How does it work?

  • You can opt for this insurance type, at the time of renewal, if you already have ICICI Lombard’s telematics based car insurance.
  • You have to pay your premium on a quarterly basis which will be based on your driving score.
  • Your driving score is based on ICICI Lombard’s algorithm and the inputs from your telematics device.

What is it?

Our Motor Floater is a comprehensive motor policy that gives you the flexibility to secure multiple vehicles in a single policy.

Why you’re going to love it?

  • car

    It’s convenient. You can get your vehicles insured at one time, under the same policy.

  • car

    Easy renewals too. You no longer have to worry about multiple renewal dates.

  • car

    You save money!

  • car

    Even though your vehicles are covered by one policy, No Claim Bonus for each is applied separately.

How does it work?

  • The total premium is calculated by applying the appropriate rate against individual Sum Insured, followed by a floater discount on additional vehicle premium.
  • With every claim, the total Sum Insured of the policy reduces.
  • The total Sum Insured is based on the vehicle with the highest IDV (Insured Declared Value)
  • Sub limit of each insured vehicle depends on individual IDV
  • The policy start date for vehicles is defined separately, as per the expiry of existing OD cover
  • Sum Insured can be reset within the year by paying an additional premium.
Disclaimer: Pay As You Use (Sandbox application no.173) is offered as an experiment under the Regulatory Sandbox proposal valid from 1st February 2020 to 31st July 2020

Thank you