How is third-party car insurance premium determined?

The premium depends on the vehicle category, applicable tariff or regulatory rules and the policy selected. Obtain a current quote for the specific vehicle.

Can I upgrade from third-party to comprehensive insurance?

You can explore comprehensive insurance or suitable own-damage cover, subject to insurer eligibility, inspection requirements where applicable and the terms of the new policy.

ICICI Lombard Third-Party Car Insurance

ICICI Lombard Third-Party Car Insurance | Coverage & Benefits

Third-Party Car Insurance Overview

ICICI Lombard Third-Party Car Insurance provides cover for eligible legal liabilities arising when the insured car causes injury, death or property damage to another party. Third-party motor insurance is generally mandatory for cars used on public roads in India. This policy type does not provide own-damage protection for the insured car. Coverage limits, exclusions and claim conditions are governed by applicable law and the issued policy.

Liability protection for third-party claims

Expert Review of Third-Party Car Insurance

Third-party insurance is designed to meet legal liability requirements rather than pay for damage to your own car. Before purchasing, verify the vehicle details, policy period, premium and any applicable personal accident cover requirements. If you also need protection against theft, fire or accidental damage to your own vehicle, compare a comprehensive policy or a suitable standalone own-damage policy.

Pros

Provides the third-party liability cover generally required for cars used on public roads in India.
Covers eligible third-party bodily injury and death liabilities under applicable law.
Can be a simpler option for owners primarily seeking third-party liability protection.

Cons

Does not cover accidental damage to the insured car itself.
Does not provide own-car theft protection under third-party-only cover.
Optional own-damage benefits are not part of this policy type.

About ICICI Lombard (Insurer Profile)

ICICI Lombard

Key Insights

Founded

2001

ICICI Lombard was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.

Claims Experience

97.9% CSR, calculated as a 3-year average

ICICI Lombard settles 97.9% of all claims it receives, demonstrating strong credibility.

Contact Details

1800 2666

Headquarters: ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhi Vinayak Temple, Prabhadevi, Mumbai - 400025, India

Third-Party Car Insurance Features and Benefits

Third-party bodily injury

Covers eligible legal liability for bodily injury caused to a third party by the insured vehicle.

Subject to applicable law and policy terms.

Third-party death liability

Provides cover for eligible legal liability arising from the death of a third party in an insured motor incident.

Claim assessment follows applicable legal procedures.

Third-party property damage

Covers eligible liability for damage caused to third-party property.

Applicable limits and legal provisions govern the claim.

Legal liability protection

Provides protection against covered third-party motor liability claims under the policy.

Policy conditions and exclusions apply.

Policy documentation

The issued policy schedule records vehicle details, policy period and applicable cover.

Check all details when the policy is issued.

Own-car damage not covered

Damage to the insured car itself is not covered under a standalone third-party-only policy.

Consider comprehensive or standalone own-damage cover if required.

What Third-Party Car Insurance Does Not Cover (Exclusions)

Conditions or treatments that the policy clearly says it will not cover.

Damage to the insured car is not covered by third-party-only insurance.
Claims outside the scope of insured third-party legal liability are not payable under this cover.
Policy exclusions, legal restrictions and claim conditions specified in the issued documents apply.

Disclaimer: For illustration purposes only - exact terms are in the policy wording.

What's missing in Third-Party Car Insurance

Own-damage protection must be arranged separately if the owner wants cover for damage to their own car.
Confirm whether the required personal accident cover applies and whether it is already held separately.
Check the policy schedule for property damage limits and any applicable sub-limits.

Insurer

ICICI Lombard plans and claim process

Third-Party Car Insurance FAQs

What does ICICI Lombard Third-Party Car Insurance cover?

It covers eligible legal liability for third-party injury, death and property damage caused by the insured vehicle, subject to applicable law and policy terms.

Does third-party car insurance cover damage to my own car?

No. Third-party-only insurance does not cover damage to your own car. Consider a comprehensive or suitable standalone own-damage policy for that protection.

Is third-party car insurance mandatory in India?

Third-party motor insurance is generally legally required for cars used on public roads in India. Confirm that your policy is valid for the vehicle and intended use.

Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official ICICI Lombard website before purchasing.