ICICI Lombard Third Party Two-Wheeler Insurance

ICICI Lombard Third-party Two-wheeler insurance is a motor insurance plan that covers you against legal liabilities arising out of an accident. Under this type of two-wheeler insurance policy, if your bike causes injuries to a third party or his surrounding property, then ICICI Lombard will take care of these expenses. According to Motor Vehicles Act of India, it is mandatory to have a third-party liability only policy otherwise, you will be penalised. However, third-party policy only provides protection against loss and damage incurred to the third-party due to an accident. It does not offer any benefit to the owner vehicle, like a comprehensive policy. To know more about third-party liability only policy offered by ICICI Lombard, have a look at the following mentions.

The following are the benefits offered by this motor insurance plan.

Liability To Third-party:

The Company will indemnify the insured in the event of an accident caused by or arising out of the use of the Motor Vehicle anywhere in India against all sums, including the claimant’s costs and expenses, which the insured shall become legally liable to pay in respect of

• Death of or bodily injury to any person so far as it is necessary to meet the requirements of the Motor Vehicles Act.

• Damage to property other than property belonging to the insured or held in trust or in the custody or control of the insured up to the limit specified in the schedule.

Legal Protection:

The Company will also pay all costs and expenses incurred with its written consent.

Based on the nature of claim – The Company may, at its own option

• Arrange for representation at any Inquest or Fatal Inquiry in respect of any death which may be the subject of indemnity under this Policy and

• Undertake the defense of proceedings in any Court of Law in respect of any act or alleged offence causing or relating to any event which may be the subject of indemnity under this Policy.

Personal Accident Cover for Owner-driver:

The Company undertakes to pay compensation as per the scale for bodily injury/death sustained by the owner-driver of the vehicle in direct connection with the vehicle insured or whilst mounting into/dismounting from or traveling in the insured vehicle as a co-driver, caused by violent, accidental, external, and visible means which independently of any other cause shall within six calendar months of such injury result in.