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Protect your drive with

ICICI Lombard
Car Insurance Package Policy

Prices starting @ ₹2,094/year

GET QUOTE This amount refers to the third party rates only

What is Car Insurance?

Car Insurance offers financial protection against theft, accidents, fire, natural/ man-made disasters, or third-party liabilities for your vehicle. In exchange of an annual premium, a package policy saves you from paying hefty repair or replacement costs in case of accidents or third-party claims.

Types of Car Insurance

Stand-Alone own damage private Car Insurance

Covers repairs damage to your own car due to accidents, theft, natural calamities, or man-made events. It is an optional coverage that can be purchased in addition to the mandatory third-party liability insurance for a full coverage.

Third-Party insurance

Covers death of or bodily injury to any person and damage to third-party property caused by your vehicle. It is mandatory by law.

Comprehensive insurance

Combines the mandatory third-party liability cover, the Own Damage (OD) cover, and the personal accident cover.

Why comprehensive Car Insurance matters?

Third-party liability

Meets legal requirements as per the Motor Vehicles Act 1988 

Own Damage & Theft Cover

Protects your car from accidents, fire, flood, malicious act, and theft. 

Lower out-of-pocket costs

Major repair expenses are covered by the policy.

Customisable Add-ons

Add optional covers like Zero Depreciation, Engine Protect Plus, Road Side Assistance and more for enhanced safety.

Benefits of ICICI Lombard Car Insurance cover 

No-Claim Bonus* (NCB)

Get up to 50% discount on premium for every claim-free year. 

Cashless Network

Access our network of 6,800+ nationwide garages for worry-free repairs. 

Custom Add-ons*

Enhance your coverage with add-ons like Engine Protect Plus & Road Side Assistance.  

Instant Claim Settlement*

Enjoy quick payouts via InstaSpect digital process. 

24x7 Support

Prompt Customer Service for fast resolution through the IL Take Care App. 

Personal Accident cover for owner-driver

Pay compensation up to Rs. 15 lakhs for bodily injury/ death sustained by the owner-driver of the vehicle due to an accident. This cover is mandatory for a period of one year.

Car Insurance Add-Ons

Zero Depreciation

No amount will be deducted for depreciation in case of parts replaced on account of damage to the vehicle insured and/ or its accessories.

Road side Assistance

Covers emergency assistance services like Towing on breakdowns/ accidents, Flat Tyre, Battery jump start, Minor Repairs and many more

Consumables Items

Covers expenses incurred on the Consumable Items in the event of damage to the vehicle insured and/ or its accessories. Such Consumable Items will include, nut and bolt, screw, washers, engine oil and the like.

Engine Protection Plus

Covers expenses incurred in repair or replacement due to consequential damages arising out of water ingression/ leakage of lubricating oil leading to loss or damage to Engine Parts, Differential Parts or Gear Box parts

Garage Cash

Pay a daily allowance while your car is being repaired in the garage. Pay the lump-sum amount in the event of Total loss/ Cash Loss/ Constructive Total Loss of the Insured’s vehicle

Loss of Personal Belongings

Covers loss of personal belongings on account of damage to or theft from the Insured vehicle. 

What’s Covered

  • Accidents

    Damage due to accidental external means 

  • Theft

    Coverage for theft of the vehicle. 

  • Third-Party losses

    Covers death of or bodily injury to any person and damage to third-party property caused by your vehicle.

  • Calamities

    Protects against natural disasters like floods, earthquake, cyclones and man-made events like riots or malicious act. 

  • Personal Accident cover for owner-driver

    Pay compensation up to Rs. 15 lakhs for bodily injury/ death sustained by the owner-driver of the vehicle due to an accident. This cover is mandatory for a period of one year. 

What’s Not Covered

  • Wear & Tear

    Wear and tear, and depreciation of the vehicle  

  • Pre-existing Damage

    Any damage that existed before the policy start date.  

  • Illegal Driving

    Damage caused while driving under the influence of alcohol or drugs. 

  • Breakdowns

    Expenses to repair mechanical or electrical breakdown, failures or breakages. 

  • No Valid Documents

    Driving without a valid driving license, Registration Certificate (RC), etc. 

Why do
you need
Car Insurance?

Mandated by law

Third-party liability insurance is mandatory under the Motor Vehicles Act of 1988. 

Cashless repairs

Enjoy repairs at network garages with no out-of-pocket expenses.

Peace of mind

Financial protection reduces stress and brings security. 

Personal Accident cover for owner-driver

Pay compensation up to Rs. 15 lakhs for bodily injury/ death sustained by the owner-driver of the vehicle due to an accident. This cover is mandatory for a period of one year. 

Third-Party liability cover

Covers death of or bodily injury to any person and damage to third-party property caused by your vehicle.

Things to consider before buying Car Insurance

Claim Settlement Ratio

Choose insurers with a high claim settlement ratio, as it indicates reliability and trustworthiness. 

Customer support 

24x7 quick, responsive service matters, especially during emergencies. 

Network garages

More cashless garages = faster, hassle-free repairs and claims. 

Balanced IDV 

Don’t understate your car’s value. Right IDV will serve you good at the time of claim. 

Tips to avoid Car Insurance claim rejections

Report the Incident on Time

Inform ICICI Lombard right after the incident, as delays can void your claim. 

Hold a Valid License 

No license = automatic claim rejection, no exceptions. 

Use Authorized Garages 

Stick to insurer-approved service centres for quick repairs. 

Disclose all Vehicle Modifications

Always declare any upgrades or changes to your vehicle. 

Know Policy Exclusions 

Understand what’s not covered to avoid invalid Car Insurance claims.

Steps to raise a Car Insurance claim online

In the event of an accident, theft, or third-party damage, reach out to us as soon as possible through any of these ways:
  • Call our 24/7 toll-free number: 1800 2666
  • Use the IL Take Care App – tap File a Claim
  • Register on the ICICI Lombard website
  • SMS CLAIM to 575758

Provide your:
  • Policy/Cover Note Number
  • Vehicle Registration or Chassis Number
  • Incident Details (Was it damage or theft?)

If your car is damaged, complete a video survey using the IL Take Care App:
  • Go to Claims > File a Claim with InstaSpect
  • Share the incident time, date, and location
  • We’ll start a live video survey—ensure good lighting and strong internet
  • Follow the app’s instructions to capture vehicle angles
  • Upload the required documents and e-claim form

Submit documents needed for claim processing. This may include:
  • RC Copy
  • Driving License
  • FIR (for theft)
  • Repair Estimate

The Insurer will assess the damage and verify documents. If everything is in order, the claim will be approved and processed smoothly.

Documents Required when Submitting Your Car Insurance Claim Online

  • Claim form
  • Copy of your insurance policy
  • Your car’s RC
  • Tax payment receipts
  • A copy of the police FIR
  • An estimation of the car repair amount
  • Original repair cost and payment receipts
  • Garage address (where the car was inspected)
  • Claim form
  • A copy of the police FIR
  • A copy of your car’s RC
  • A copy of the driver’s license (DL)
  • A Stamp for the registered vehicle’s original documents.
  • A copy of your Car Insurance policy
  • Theft declaration form from the RTO
  • A copy of the police FIR
  • Forms 28, 29, 30, and 35
  • Tax receipts
  • Subrogation letter
  • The original RC book
  • The previous policy information, such as the name of the insurer, duration, and time of the insurance policy.
  • Claim the discharge voucher together with the revenue stamp signature
  • Items like warranty cards, booklets, and duplicate keys
  • Official RTO intimation concerning theft and vehicle discontinuation.

Understanding insured declared value (IDV)

The Insured’s declared value (IDV) is the maximum amount your insurer will pay you in the event of total loss or theft of your car. The value is based on the manufacturer’s listed selling price and is arrived at by deducting the depreciation of the vehicle. 

How it’s calculated:

IDV = Manufacturer’s listed selling price – Depreciation

( + Accessories Cost of Accessories – Depreciation on accessories, if applicable)

Right IDV will serve you good at the time of claim 

What Affects IDV in Car Insurance?

Car Type

For example, SUVs usually have higher IDV than hatchbacks or sedans.

Age & depreciation

As the car gets older, its value depreciates. Older cars = higher depreciation = lower IDV. 

Accessories

Fitted accessories, especially those added after purchase are added to the IDV after applying depreciation 

Make & model

Premium will vary based on how expensive the car is. Premium or luxury car models typically have higher IDVs. 

Registration Location

Ex-showroom prices differ across cities, which slightly impacts the IDV.

How Does Depreciation Affect Your Car Insurance?

Depreciation reduces your car’s market value over time and directly impacts your IDV, which is the maximum claim amount you can receive from your insurer in case of total loss or theft. 

Car Age vs. Depreciation Rate: 

Rate of depreciation for all other parts including wooden parts will be as per the following schedule.

Age Of The Vehicle  % Of Depreciation 
< 6 months  Nil
6 months – 1 year  5%
1 – 2 years  10%
2 – 3 years  15%
3 – 4 years  25%
4 – 5 years  30%
5 – 10 years  40%
> 10 years  50%
Depreciation on Specific Parts: 
Component Depreciation
Glass parts  Nil
Fibreglass Component 30%
Rubber/Plastic/Nylon parts, tyres and tubes, batteries and air bags  50%
Painting  50%*
For Example

If you bought a car in 2022 for ₹15 lakhs → After 1 year @ 10% depreciation → IDV = ₹13.5 lakhs , If total loss occurs, max claim = ₹13.5 lakhs → You bear the rest unless you have Zero Depreciation Cover

Car Insurance Glossary: Terms You Should Be Aware Of

It’s the first report you make to your insurer after an accident. Must be done as soon as possible to avoid claim rejection.

Documents that work as proof of the damage/loss, like an FIR or No-Trace Report for theft claims.

The fixed amount you must pay during a claim, which is set by IRDAI based on your car's engine size.

Percentage of claims paid vs. premiums collected. It indicates the insurer’s financial health.

It’s the process of modifying your existing policy details after it’s issued.

It’s the percentage of claims an insurer settles against claims received. The higher the CSR, the better the chances of your claim getting settled.

Partnered repair centre where the claim is settled by the insurer directly with no upfront cost to you.

Legal liability is the legal responsibility that falls on you to compensate others for injury to, death of any person or third-party property damage caused by your vehicle.

Frequently Asked Questions

An endorsement refers to an amendment to your policy that lets you update personal details, coverage or vehicle information, keeping it aligned with your current needs.

Given how road accidents still are a major issue in India, the Motor Vehicles Act 1988 mandated third-party insurance for all vehicle owners. It aims to promote safe driving, protect the public, and offer financial security to car owners. Driving without it can lead to fines or even imprisonment.

No. Only third-party insurance is legally required. However, it’s advisable to opt for a comprehensive policy as it provides wider financial protection by covering damage or loss from theft, accidents, natural disasters, and more.

For new cars, third-party insurance lasts for 3 years, after which it must be renewed every year.

While add-ons are generally available only with standalone own-damage or package policies, IL Smart Assist is an add-on which ICICI Lombard offers as an exception and can be added to a Private Car Liability (third party) Policy

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A private car package policy covers:

  • Own damage: Repairs/replacement for accidents, fire, theft, disasters.
  • Third-party liability: Legal liabilities for bodily injury/ death of any person, or third-party property damage caused by your vehicle.
  • Personal Accident cover for owner-driver: Pay compensation up to Rs. 15 lakhs for bodily injury/ death sustained by the owner-driver of the vehicle due to an accident. This cover is mandatory for a period of one year.
  • Add-ons: Options like Zero Depreciation, Engine Protect Plus, Road Side Assistance, etc.

With self-uploaded inspection videos, policies are usually issued within hours. Regular inspections may take a few days to a week.

It covers for cost and expenses of personal injury to a paid driver while driving the insured car.

It’s a security device certified by the Automotive Research Association of India. Installing one can help you deter theft and can reduce your insurance premium by 2.5% (a discount on the OD component of premium, subject to maximum of Rs. 500).

You need to transfer the policy to the buyer by informing your insurer and paying a small transfer fee that applies.

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There’s no limit, but multiple claims can reduce your No-Claim Bonus and can increase premiums on renewal.

In a cashless claim, the insurer settles repair costs directly with a network garage. However, if you get repairs done at a non-network garage, you have to pay out of your pocket, and the insurer reimburses your claim amount later.

It’s part of the repair costs you agree to pay before insurance covers the rest. Opting for a higher deductible can lower your overall premium.

Up to 4 times, depending on your plan.

No. Since these are standalone add-on cover claims, NCB is not impacted.

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Yes, comprehensive or package policy cover theft of parts or accessories under the “theft” or “own damage” cover.

No, PA cover of Rs. 15 lakhs for owner-driver is mandatory under Indian law. But if you own multiple vehicles, you can avoid duplicate coverage by opting out after the first policy.

No amount will be deducted for depreciation in case of parts replaced on account of damage to the vehicle insured and/ or its accessories.

It’s an add-on that pays a daily allowance while your car is being repaired in the garage or pay the lump-sum amount in the event of Total loss/ Cash Loss/ Constructive Total Loss of the Insured’s vehicle

Yes. Installing an ARAI-certified anti-theft device can get you a 2.5% discount on the OD component of premium, subject to maximum of Rs. 500.

Yes, adding accessories or making modifications increases the car’s IDV, which increases the overall premium amount.

Here’s the formula:

Total Premium = Own Damage Premium – (NCB + Discounts) + Third-Party Liability Premium + Add-on Premium + GST

  • Own Damage Premium: Based on your car’s IDV, age, make, and model.
  • No Claim Bonus (NCB) & Discounts: Bonus discount earned on claim-free years or by opting for voluntary deductibles.
  • Third-Party Premium: Fixed by IRDAI, calculated based on engine capacity (cc).
  • Add-on Premium: On payment of additional premium you can opt for covers like Engine Protect Plus, Zero Depreciation, etc
  • Insured Declared Value (IDV): The Higher the IDV, the higher the premium.
  • Vehicle Make & Engine Size: Luxury cars and bigger engines cost more to insure.
  • Age of the Car: New cars have higher premiums; older cars benefit from depreciation.
  • Location: Urban or accident-prone areas attract higher premiums than rural zones.
  • Past Claims: No-Claim Bonus can reduce your premium at renewal, but only if you’ve had a claim-free year.

The information mentioned herein above is only for consumption by the client and such material should not be redistributed.
ICICI Securities Ltd. ( I-Sec). Registered office - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec acts as a Composite Corporate agent having registration number –CA0113. Corporate Agent of ICICI Prudential Life Insurance Company Ltd, HDFC Life Insurance Company Limited, ICICI Lombard General Insurance Company Ltd, Care Health Insurance Ltd, Star Health and Allied Insurance Ltd, HDFC ERGO General Insurance Company Limited, ManipalCigna Health Insurance Company Ltd, Aditya Birla Health Insurance Co. Limited, Tata AIG General Insurance Company Limited & Go Digit General Insurance Limited. Please note, Insurance related services are not Exchange traded products and I-Sec is acting as a corporate agent to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. Insurance is the subject matter of the solicitation. The advertisement contains only an indication of the cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. ICICI Securities Ltd. does not underwrite the risk or act as an insurer.

*Add-ons are subject to payment of additional premium. 
*Rate of Depreciation for Painting: In the case of painting, the depreciation rate of 50% shall be applied only on the material cost of total painting charges. In case of a consolidated bill for painting charges, the material component shall be considered as 25% of the total painting charges for the purpose of applying the depreciation 
*Instant approval is subject to policy terms & conditions and type of loss/damage. Approval would be subject to physical survey of the vehicle wherever deemed necessary. The insurer reserves the right to conduct a physical survey in accordance with the regulatory prescriptions. This is not applicable for major loss & TP claims.
*No Claim Bonus will only be allowed if the policy is renewed within 90 days of the expiry date of the previous policy and there's no paid/pending claims on the previous policy. It is applicable for own damage section of the policy. Complete transfer of NCB can be done based on NCB reserving letter availed by the customer on the old vehicle provided the insured person remains the same. This will not be over and above the existing NCB in policy. Only either of the two can be taken.

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