Brand new Bike
ICICI Lombard offers a wide range of add-on covers that you can add to your policy during the purchase or renewal of the policy. Buy these addon covers along with your ICICI Lombard insurance policy and get enhanced insurance coverage for your bike.
This optional coverage reimburses you for the amount of depreciation deducted from the value of parts replaced after being damaged in an accident or other incident. This add-on cover is also called the ‘bumper-to-bumper’ or ‘nil depreciation’ cover.
Every year you go without filing a claim gets you a No Claim Bonus, with which you get a discount on your next year's premium. You lose this discount if you file even one claim. However, with this addon, you can protect your NCB even if you decide to file a claim during the policy period.
If the insured bike is fully damaged as a result of theft or an accident, with this add-on, instead of receiving the IDV as a claim amount, the policyholder is eligible to receive the invoice value of the bike. Want to know more? Get in touch with the experts at Quickinsure today!
With the addition of this Garage Cash add-on cover, you will be able to receive a daily allowance of Rs. 500 for each and every completed day that your two-wheeler is in a garage for repair due to loss or damage, up to a maximum of 14 days. This extra coverage comes in handy when it comes to coping with the time it takes to repair your vehicle.
your bike or scooter breaks down or is involved in an accident, the roadside assistance add-on can cover you for battery jump-starts, towing, flat tire or minor repairs, a hotel stay, or even a taxi journey.
Frequently Asked Questions
Insured Declared Value or IDV of a two-wheeler is the maximum sum assured fixed by insured at the beginning of each policy period of the insured vehicle.
The cost of bike insurance is determined by the engine's cubic capacity, model type, geographical zone, age of the two-wheeler, and the vehicle's IDV (Insured Declared Value).
No. Add-on coverage is available with standalone own damage or comprehensive bike insurance policy, but not with a third-party policy.
You can purchase ICICI Lombard bike insurance add-ons when purchasing the insurance cover or when renewing your bike’s insurance policy.
Unless otherwise stated, a vehicle insurance policyis valid for a period of one year.