ICICI Lombard General Insurance

ICICI Lombard's car insurance covers all three formats most Indian car owners need. Mandatory third-party cover, standalone own-damage cover, and the comprehensive plan that bundles both. Premiums are competitive, renewals can be done online up to 60 days before expiry, and claim settlement runs through a digital workflow that includes online intimation, document upload and live tracking.

What is genuinely useful with ICICI Lombard's motor cover is the network of authorised workshops that run digital surveys for faster claim approvals. Some workshops also offer pick-up and drop, which matters when your car is undriveable after a knock. Add-ons like Zero Depreciation, Engine Protect, Roadside Assistance and Return to Invoice can be layered on at a small extra premium. Our advisors at Policywings can tell you which ones are worth the cost based on the age and IDV of your car.

Two-wheeler insurance from ICICI Lombard protects your bike or scooter against accident damage, theft, fire, natural calamities and the legal liability you owe a third party. As with cars, you can pick third-party only, standalone own-damage, or comprehensive. Add-ons are available at reasonable rates.

ICICI Lombard also offers a Long-Term Two-Wheeler Insurance plan that runs for three years on a single policy. The advantage is two-fold. You skip the annual renewal hassle, and you are protected against any third-party premium hikes that IRDAI may introduce during the policy term. For newer bikes that already need a long-term third-party cover by regulation, the 3-year package is often the cleanest option.

ICICI Lombard's health insurance plans reimburse hospital bills or, more often, pay the hospital directly through cashless settlement at one of the 6,500+ network hospitals. Cover typically includes in-patient hospitalisation, daycare procedures, ambulance charges and post-discharge expenses for a defined window.

The flagship Complete Health Insurance plan goes beyond standard hospitalisation cover. It includes maternity benefits, OPD reimbursement and wellness perks like preventive check-ups. For lower budgets, the Aarogya Sanjeevani Policy is a standardised IRDAI plan that covers the basics, and Health Booster works as a top-up on an existing base policy. Senior citizens, frequent travellers and families with young children each tend to need different plan shapes, so talk to a Policywings advisor before you decide.

Travel insurance from ICICI Lombard covers overseas medical expenses, total loss of checked-in baggage, trip delay, trip cancellation and trip interruption. Cover applies on the Single Round Trip Plan for a single journey, or the Gold Multi-Trip Plan if you fly frequently in a year.

Medical evacuation, repatriation and hospital cash benefits are usually included in the international plans. For Schengen visa applications, ICICI Lombard travel insurance generally meets the minimum medical cover requirement of €30,000, useful to know if you are applying close to your travel date.

ICICI Lombard's home insurance protects either the structure of your home, the contents inside it, or both. The policy compensates for losses caused by natural events like floods, earthquakes and storms, and man-made events like burglary, theft and fire. Both owned and rented homes can be covered, with contents insured under the same plan.

One unusually attractive feature is the 50% discount available when you opt for a 10-year structure cover. Long-term home insurance is rarely cheap, so this is worth checking if you have just bought a flat and want to insure it for the duration of a home loan.

For businesses, ICICI Lombard provides a portfolio designed for multi-size and multi-sector firms. Cover lines include group health insurance, group personal accident insurance, public and product liability, marine cargo, fire and special perils, and workmen's compensation. Larger firms can also buy bespoke covers for cyber risk and director and officer (D&O) liability.

The SME segment is where ICICI Lombard's combination of national branch reach and a 24/7 digital claim workflow becomes valuable. A Mumbai-based founder can buy cover for a Bengaluru office without paperwork, and a Bengaluru claim manager can file a Pune-location claim digitally. Policywings handles the placement, renewal and claim co-ordination on your behalf if you want one point of contact.

Beyond the mainstream lines, ICICI Lombard offers an NRI insurance product that protects family and assets in India while the policyholder is abroad. Rural insurance is sold separately and is designed for agricultural assets and livestock. The company also offers a bus insurance plan for inter-state bus operators and passengers.

These niche covers are not high-volume but they fill real gaps. If you are an NRI worried about your parents' home back in India, or a small-fleet operator running buses between two state capitals, these are the policies worth a closer look.