ICICI Lombard Car Insurance Renewal

Renew your car insurance policy with ICICI Lombard General Insurance. Check the benefits and the ICICI Lombard Car Insurance renewal process.
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3 mins
06-June-2024

A vital part of vehicle ownership is renewing your car insurance policies in time. It ensures that you stay adequately covered in case of any unforeseen events on the road. With competitive rates and comprehensive coverage, ICICI Lombard Car Insurance is an excellent choice for anyone looking to renew their car insurance policy. The ICICI Lombard Car Insurance renewal process is a quick and hassle-free process.

Read on to know about the ICICI Lombard car insurance renewal process, its benefits, and the documents required.

Features of ICICI Lombard Car Insurance renewal

Here are some of the core features that make ICICI Lombard car insurance beneficial.

Features

Specifications

Own damage cover

Covers damages caused to the insured vehicle from accidents, floods, earthquakes, storms, riots, and fire.

Third-party insurance

Covers damages caused by the insured vehicle to a third person, or their vehicle or property.

Theft

Cover loss incurred if your car gets stolen.

Personal accident cover

Up to Rs. 15 lakh for the owner-driver in case of accidental injury, disability, or death.

IL Take Care App

Use the app to get instant policy issuance or raise claims.

Cashless garages

Avail cashless claim services at any of the 6,100+ garages across India.

No Claim Bonus (NCB)

Up to 50% for five consecutive claim-free years

Roadside assistance

Benefit from 24x7 roadside assistance across India in case of any breakdown or emergency.


Benefits of ICICI Lombard Car Insurance renewal online

Here are the benefits of renewing the ICICI Lombard Car Insurance policy online.

Convenience: Renewing your car insurance policy online is quick and easy. Plus, you can renew your policy from anywhere and at any time.

Instant renewal: Use the IL Take Care app that enables instant policy issuance. You can also use the app to raise claims and get quick approvals.

Secure payment: ICICI Lombard provides a secure and encrypted payment gateway, ensuring that your sensitive information is safe and protected.

Essential tips to renew ICICI Lombard car insurance online

Renewing your ICICI Lombard car insurance online can save you time, effort, and money. Here are some essential tips to renew your ICICI Lombard car insurance online:

Compare insurance policies:

Before renewing your car insurance policy, you must compare policies from different insurers to ensure that you get the best policy at the most affordable price.

Renew before policy expiry date:

Ensure that you renew your policy before the expiry date to avoid paying penalties and losing the benefits of the policy. ICICI Lombard allows policy renewal up to 90 days before the policy's expiry date.

Submit accurate information:

When renewing your policy online, ensure that you provide accurate information to avoid any discrepancies that might affect your policy.

Select the best IDV:

Choose the best Insured Declared Value (IDV) for your vehicle. ICICI Lombard offers different IDV options that range from 5% to 25% of the vehicle's purchase price.

Opt for add-on covers:

ICICI Lombard offers a range of add-on covers to customise your car insurance policy. Choose the add-ons that fit your needs and budget to enhance your coverage.

Discounts and offers:

Keep an eye out for discounts and offers that can help you save money. ICICI Lombard offers discounts for safe driving, No Claim Bonus (NCB), and other factors.

By following these tips, you can ensure a hassle-free and cost-effective renewal of your ICICI Lombard car insurance policy.

Steps to renew ICICI Lombard four-wheeler insurance

Follow the below ICICI Lombard Car Insurance renewal process to get your policy renewed easily.

  • Visit ICICI Lombard's official website and click on the 'Renew' button
  • Enter your 17-digit policy number and click on 'Renew Policy’
  • Check and verify the details of your policy and click on 'Proceed to Payment’

Make your payment using your preferred payment method.

ICICI Lombard Car Insurance policy renewal - Offline process

If you prefer to renew your policy offline, you can do so by following the below steps.

  • Visit the nearest ICICI Lombard branch or call the customer care number
  • Provide your policy details and verification information to the representative
  • Check and verify the details of your policy
  • Make your payment through any of your preferred payment methods

Documents required for ICICI Lombard car policy renewal

You need to provide the following documents to renew your ICICI Lombard Car Insurance policy:

  • A copy of your previous car insurance policy
  • Your car registration certificate
  • A copy of your driving licence
  • A recent passport-sized photograph

You can also buy the ICICI Lombard Car Insurance policy online through Bajaj Finance Insurance Mall.

A step-by-step guide to buying car insurance on Bajaj Finance Insurance Mall

Follow the below steps to buy car insurance on Bajaj Finance Insurance Mall.

Step 1: Click on the 'Get Quote’ button at the top of the page to open the online application form.

Step 2: Enter the vehicle type, car registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.

Step 3: Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.

Step 4: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.

Step 5: Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’.

Step 6: Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous policy details.

Step 7: Review your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, credit/debit card to buy the policy.

Ensure that you renew your car insurance policy in time to continue to benefit from the coverage offered by the insurance policy. With a plethora of options available to renew your ICICI Lombard Car Insurance policy, you can enjoy a hassle-free renewal process and stay covered from accidents and damages.

ICICI Lombard car insurance renewal costs per cc

Here's a breakdown of the ICICI Lombard car insurance renewal costs based on the engine capacity (cc) of your vehicle. These are indicative figures for third-party car insurance premiums as set by the IRDAI.

Engine Capacity (cc)

Third-party car insurance renewal cost (in Rs.) (1-year single premium)

Up to 1000 cc

2,094*

1000 cc to 1500 cc

3,416*

Above 1500 cc

7,897*


For precise quotes and personalised premium calculations, it is recommended to visit the ICICI Lombard official website, contact their customer care or visit other insurance platforms.

How to reduce the cost of your ICICI Lombard car insurance renewal?

Reducing the cost of your ICICI Lombard car insurance renewal can help you save money while maintaining adequate coverage. Here are some effective strategies to lower your renewal costs:

  • No Claim Bonus (NCB): Avoid making small claims to accumulate NCB, which offers a discount on your premium for each claim-free year
  • Anti-theft devices: Install ARAI-approved anti-theft devices in your car. Insurers often provide discounts for vehicles equipped with these security measures
  • Policy comparison: Compare different insurance policies and providers to ensure you are getting the best deal. Sometimes switching insurers can provide better coverage at a lower cost.
  • Renewal timing: Renew your policy before it expires to avoid lapses and penalties. Early renewals can sometimes attract lower premiums.

By following these tips, you can effectively reduce your car insurance renewal costs while ensuring that your vehicle remains adequately covered.

Frequently asked questions

Can we renew vehicle insurance online?

Yes, you can easily renew vehicle insurance online. Most insurance companies offer online renewal options that are more convenient and cost-effective than traditional methods.

What to do if vehicle insurance expires?

If your vehicle insurance has expired, you should immediately renew the policy to avoid any legal issues. Some insurance companies may even offer a grace period for renewing an expired policy. You may have to otherwise pay additional fees or penalties if not renewed on time.

Can I apply for vehicle insurance online?

Yes, you can apply for vehicle insurance online. Most insurance companies offer online application processes that are quick, easy, and convenient. You only need to provide a few basic information about the vehicle and the one who needs insurance. You can buy car insurance policy on Bajaj Finance Insurance Mall in just a few clicks.

How do I update my RC details in my insurance policy?

You can update your RC details in your insurance policy by contacting your insurance provider or using their online portal. You will need to provide updated information about your vehicle, your driving history, and any other relevant details.

What is the toll-free number for ICICI Lombard car insurance renewal?

The toll-free number for ICICI Lombard car insurance renewal is 1800-2666.

How do I renew my car insurance online?

To renew your car insurance online, you will need to visit your insurance provider's website. You will need to provide updated information about your vehicle and your personal details to complete the renewal process.

What is the grace period for ICICI Lombard car insurance renewal?

ICICI Lombard offers a grace period of 30 days after the policy expiry date for renewal. This grace period is designed to help policyholders avoid lapses in coverage and additional fees or penalties. However, it is important to renew your policy within this grace period to ensure continued coverage.

What happens if I renew my car insurance after the expiry?

Renewing your car insurance after it has expired can lead to several complications. Firstly, during the lapse period, your vehicle will be uninsured, which is illegal and risky as any damages or accidents will not be covered. If caught driving without insurance, you may face hefty fines or penalties. Additionally, renewing an expired policy might require a vehicle inspection, which can be time-consuming and could potentially lead to higher premiums. You may also lose accumulated benefits such as the No Claim Bonus (NCB), which could result in a higher renewal cost. To avoid these issues, it is crucial to renew your car insurance before it expires.

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