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ICICI Lombard Commercial Vehicle Insurance

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ICICI Lombard Commercial Vehicle Insurance

ICICI Lombard Commercial Vehicle Insurance is a specialised motor insurance solution designed to protect vehicles used for business, logistics, transport, and commercial operations across India. Whether you own a truck, goods carrier, pickup, tractor, taxi, three-wheeler, or a fleet of commercial vehicles, ICICI Lombard offers strong financial protection against accidents, theft, third-party liabilities, and natural disasters.

Backed by the trusted ICICI brand and known for its fast claims process, digital convenience, and extensive garage network, ICICI Lombard is one of the most preferred insurers among commercial vehicle owners and fleet operators.

Commercial Vehicle Insurance Plans#1

Plan Type

Comprehensive

Claims Settled

97%
₹ 6100 buy
Addons
  • IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
  • Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
  • Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
    • 3 more
Claim Benefits
  • 50% Advance PaymentInsurer offers up to 50% advance payment (excluding GST), for losses exceeding 1 Lac, on claims at any garage. Share the final bill after repair to claim GST amount.
  • Spot Claims Upto Rs. 50,000Just upload photos or video of the damage & the insurer will transfer the estimated repair cost up to Rs. 50,000. Once your car is repaired, share the final bill with your insurer.
#1 Rs 5773/- per annum is the price for third-party commercial vehicle insurance for Mahindara Alfa PAX DX registration year 2020. The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. The comprehensive commercial vehicle insurance prices mentioned above are for a 5 year Mahindara Alfa PAX DX registration year 2020. These quotes are from mentioned from lowest to highest price. policylegit does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of policylegit. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

Plan Type

Third Party

Claims Settled

97%
₹ 5773 buy
#1 Rs 5773/- per annum is the price for third-party commercial vehicle insurance for Mahindara Alfa PAX DX registration year 2020. The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. The comprehensive commercial vehicle insurance prices mentioned above are for a 5 year Mahindara Alfa PAX DX registration year 2020. These quotes are from mentioned from lowest to highest price. policylegit does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of policylegit. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

About ICICI Lombard General Insurance Company Limited

ICICI Lombard General Insurance Co. Ltd is a leading IRDAI-regulated private general insurance company in India, promoted by ICICI Bank in collaboration with Fairfax Financial Holdings.
 After the merger with Bharti AXA General Insurance, ICICI Lombard further strengthened its presence in the commercial and corporate insurance segment.

What Is ICICI Lombard Commercial Vehicle Insurance?

ICICI Lombard commercial vehicle insurance provides mandatory third-party liability cover along with optional own-damage protection for vehicles used for commercial purposes.

The policy helps:

  • Fulfil legal requirements under the Motor Vehicles Act
  • Protect business vehicles from financial losses
  • Safeguard income from accidents and downtime
  • Reduce legal and third-party liability risks

Commercial Vehicles Covered by ICICI Lombard

ICICI Lombard insures a wide range of commercial vehicles, including:

  • Goods carriers and transport trucks
  • Light, medium & heavy commercial vehicles
  • Pickups and mini trucks (Tata Ace, Bolero Pickup, Dost, etc.)
  • Commercial cars and taxis
  • Passenger vehicles and staff transport vans
  • Three-wheelers (goods & passenger)
  • Tractors and agricultural vehicles
  • Fleet vehicles for logistics and transport companies

Types of ICICI Lombard Commercial Vehicle Insurance Policies

1. Third-Party Commercial Vehicle Insurance

  • Mandatory as per Indian law
  • Covers injury, death, or property damage to third parties
  • Does not cover damage to the insured vehicle

2. Comprehensive Commercial Vehicle Insurance

  • Covers third-party liability + own vehicle damage
  • Protection against accidents, theft, fire, floods, riots
  • Recommended for daily-use commercial vehicles

3. Standalone Own-Damage Policy

4. Fleet Insurance

  • Ideal for businesses owning multiple vehicles

Centralised policy management and simplified renewals

Coverage Benefits of ICICI Lombard Commercial Vehicle Insurance

A comprehensive policy typically covers:

  • Accidental damage and collisions
  • Theft and total loss
  • Fire, explosion, and self-ignition
  • Natural calamities (floods, earthquakes, cyclones)
  • Man-made risks such as riots and vandalism
  • Legal liability towards third parties

Optional Add-Ons for Enhanced Protection

ICICI Lombard offers useful add-ons to strengthen coverage:

  • Zero depreciation cover
  • Engine & gearbox protection
  • Roadside assistance
  • Consumables cover
  • Return to invoice (for eligible vehicles)
  • Personal accident cover for driver, cleaner & passengers

Factors Affecting ICICI Lombard Commercial Vehicle Insurance Premium

The premium depends on:

  • Vehicle type, size, and load capacity
  • Insured Declared Value (IDV)
  • Vehicle age and model
  • City, RTO zone, and route type
  • Nature of commercial usage
  • No Claim Bonus (NCB) eligibility
  • Coverage type and selected add-ons

Digital & Online Services by ICICI Lombard

ICICI Lombard provides end-to-end digital services for commercial vehicle owners:

Cashless Garage Network

ICICI Lombard has a large nationwide cashless garage network, enabling:

  • Faster repairs
  • Reduced paperwork
  • Lower vehicle downtime
  • Smooth claim settlement

ICICI Lombard Commercial Vehicle Claim Process

The claims process is simple and transparent:

  1. Register claim online, via app, or helpline
  2. Vehicle inspection and claim approval
  3. Repair at cashless garage or reimbursement option
  4. Fast claim settlement

This ensures minimal disruption to business operations.

Why Choose ICICI Lombard Commercial Vehicle Insurance?

Trusted ICICI brand
Strong claim settlement record
Wide cashless garage network
Digital-first policy management
Flexible coverage & add-ons
Suitable for single vehicle owners and fleet operators

Customer Experience & Market Reputation

ICICI Lombard commercial vehicle insurance is appreciated for:

  • Reliable claims handling
  • Transparent policy wording
  • Strong service support
  • Easy online access and renewals

Conclusion

ICICI Lombard Commercial Vehicle Insurance is a reliable and business-friendly solution for protecting transport and logistics vehicles in India. With comprehensive coverage options, digital convenience, and a strong claims ecosystem, ICICI Lombard helps businesses stay legally compliant and financially secure.

Whether you own a truck, pickup, taxi, tractor, or a large fleet, ICICI Lombard offers the protection your commercial vehicle needs to keep your business moving.

ICICI Lombard commercial vehicle insurance kya cover karta hai?

ICICI Lombard commercial vehicle insurance third-party liability ke saath own damage bhi cover karta hai. Isme accident, fire, theft, natural calamities aur riots jaise risks cover hote hain.

ICICI Lombard mein kaunse insurance plans available hain?

ICICI Lombard mainly do types ke plans offer karta hai:
Third-party insurance (mandatory)
Comprehensive insurance (full protection)

ICICI Lombard insurance ke key features kya hain?

Is policy ke major features hain:
No Claim Bonus (NCB)
Personal accident cover (₹15 lakh tak)
Cashless garage network
Add-ons available
Towing facility

ICICI Lombard commercial vehicle insurance ka claim kaise karein?

Claim process simple hai:
Insurer ko inform karein
Surveyor inspection karega
Documents submit karein
Claim approve hone ke baad settlement hota hai

Claim ke liye kaunse documents required hote hain?

Generally yeh documents chahiye hote hain:
RC (Registration Certificate)
Driving License
Claim form
Policy document
FIR (agar zaroori ho)
Repair bills

ICICI Lombard insurance mein kaunse add-ons milte hain?

Popular add-ons include:
Zero Depreciation Cover
IMT 24 / IMT 23
Engine Protection
Consumables Cover
Yeh add-ons claim amount ko significantly improve karte hain

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