Saturday, December 1, 2007

 
Buy insurance policy online with your ICICI Bank Credit Card and pay premium at interest free installments. to know more.

Motor Plans

Car Insurance

A comprehensive policy that not only covers you against third party but also against accidents, damage, injury and much more.

Car Insurance - Introduction

ICICI Lombard brings to you a comprehensive Package Policy for your four-wheelers, which covers Third Party Liability (TPL) for bodily injury and/or death, Personal Accident cover for owner-driver and loss or damage to the vehicle insured (Own Damage or OD).

Policy Details

Policy Coverage

Our Motor insurance Policy is governed by the Indian Motor Tariff. It covers you for:

Loss or damage to your vehicle: The policy covers you against any loss or damage caused to the vehicle or its accessories due to the following natural and man made calamities.

Natural Calamities – Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.

Man made Calamities – Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.

The rates of the vehicle and its parts are subject to depreciation as per the provided by the Indian Motor Tariff.

Personal accident cover: The motor insurance provides compulsory personal accident cover of Rs. 2 lakhs for individual owners of the vehicle while driving. You can also opt for a personal accident cover for passengers.

Third party legal liability: This protects you against legal liability arising due to accidental damages
- Any permanent injury/ death of a person
- Any damage caused to the property.
to view our Policy Exclusions.

Key Benefits

You can claim towing charges up to Rs 1,500
Cashless claim settlement at all across India.
Avail of the following bonuses and discounts -
No Claim Bonus: If you do not make a claim during the policy period, a No Claim Bonus (NCB) is offered on renewals. This discount can go as high as 50%. (NCB will only be allowed provided the policy is renewed within 90 days of the expiry date of the previous policy.)

Transfer your NCB: You can transfer full benefits of No Claim Bonus when you shift your motor insurance policy from another company to ICICI Lombard.

The discount rate remains the same, provided you show evidence that you are entitled to No Claim Bonus from your previous motor insurance company.
Evidence can be in form of
A renewal notice or
A letter confirming the NCB entitlement from the previous insurer
A written declaration
to view the wordings of the written declaration

Voluntary Excess discount: A further discount on the premium is available if you opt for a Voluntary Excess in addition to the Compulsory Excess. (Compulsory Excess is the amount of loss which the insured has to bear in each and every claim.)

Additional discounts: You can also avail of additional discounts if you are a member of a recognized Automobile Association in India.

ARAI devices: In case you have installed ARAI approved anti theft device in your vehicle, you get a discount of 2.5 % on the OD Premium to a maximum of Rs. 500.

Cover yourself and your family: You can also opt for personal accident cover of Rs. 2 Lakhs for other unnamed passengers in your car. For e.g. your family, relatives, friends etc.

Customise your insurance with additional covers: Electrical and/ or non-electrical items fitted to the vehicle can be insured separately. For example: fog lights, music system, seat covers.

In case of vehicles fitted with bi-fuel system such as Petrol/ Diesel and CNG/ LPG, permitted by the concerned RTO, 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.


Need for Policy

According to a report by IIT Delhi on Traffic Injuries and Fatalities in India, road traffic accidents take a toll of almost 1.2 million people a year and additionally injure or disable between 20 million and 50 million annually
Car Insurance serves as an add-on to the mandatory third-party cover and protects the car owner from financial losses, caused by damage or theft of the vehicle

Motor Claim Procedure

In case of motor insurance claim, you can avail cashless facility for the repair of your car in any of our All India Cashless Garage List. However, If the car is serviced in a garage ouside the purview of our network, then you can claim reimbursement for the same.

In Case of an Accident
Note the number of the other vehicle involved in the accident, if any.
Jot down the names and contact details of witnesses, if any.
Contact our 24X7 call centres. Get your claim number / reference number. Call centre representative will provide you the details of documents required for claim processing and also details of our preferred garage, where cashless repair facility can be availed.
File an FIR at the nearest police station in case of property damage, bodily injury, theft and major damages.

After Registering the Claim
Our customer service manager will contact you within 24 hours of registering the claim.
Submit the copy of documents to the dealer / CSM and get verified with the originals.
Our CSM will get the estimate for the repairs of your vehicle and give spot approval after assessment.
After completion of repair at our preferred garage we will make payment of our share of the loss directly to the garage.
The insured to pay the excess mentioned in the policy and depreciation, salvage etc informed by the CSM.

Maintaining the electrical system of a car is also very essential for trouble free service from the car. The primary purpose of a car battery is to START the engine. Regular upkeep leads to a longer and better engine performance. ICICI Lombard brings you basic steps of preventive maintenance and tips to buying a better battery.

Prevent Corrosion of Battery Terminals

Water levels in the cells should be just above the level of lead plates. During summer, the water level should be checked every week. Deposits of copper sulphate should be removed with hot water or sand or emery paper and apply petroleum jelly later. This helps prevent corrosion.

Terminal upkeep for longer battery life
Be sure to have terminal clamps tight and proper caps on it. Also ensure that the cell’s caps are firm and not cracked or broken. Vents should always be clear for the battery to breathe properly. If one is not using the vehicle for a long period of a month or so then remove the terminals from the battery. This prevents the discharge and prolongs the life of the battery.

Check the alternator

The alternator in the car plays a crucial role in the current system as it recharges the battery and provides current when the engine is running.
If your battery and alternator are working fine, then the starter too should work fine.

Regular servicing

When the car goes for regular servicing, it will be a good exercise to inspect all the wiring and the terminals and circuit system as well as the main fuse box.

Proper Caution: Batteries contain a sulfuric acid electrolyte which is a highly corrosive poison, that will emit gas when recharged and explode if ignited.

When working with batteries, you need to have plenty of ventilation, remove jewelry, wear protective clothing and eye wear (safety glasses), and exercise caution. Whenever possible, please follow the manufacturer's instructions for testing, jumping, installing and charging.

What to look for when buying a new battery?

Battery buying strategy will vary based on climatic conditions. In the colder climates, higher CCA ratings are more important; whereas, in a hot climate, a higher RC ratings are of more importance. Requirement.

CCA Rating: Cold Cranking Amps (CCA)
In hot climates, buying batteries with double or triple the CCA ratings that exceed the OEM requirement is a WASTE of money. However, in colder climates the higher CCA rating the better, due to increased power required to crank a sluggish engine and the inefficiency of the cold battery. As batteries age, they are less capable of producing CCAs.

RC Rating: Reserve Capacity (RC)
The second most important consideration is the Reserve Capacity rating. RC is the number of minutes a fully charged battery at 80 degrees F (26.7 degrees C) can be discharged at 25 amps until the voltage falls below 10.5 volts.] More RC is better in every case! In a hot climate, for example, if your car has a 360 OEM cranking amp requirement, then a 400 CCA rated battery with 120 minute RC with more electrolyte would be more desirable than one with 1000 CCA with 90 minutes of RC.

Fresher the better: NEVER buy a battery that is MORE than SIX months old because it is starting to sulfate.




# posted by ashutosh singh @ 6:46 AM
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