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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
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.
Claim Benefits
#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. Policybazaar 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 Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
#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. Policybazaar 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 Policybazaar. 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
- Covers damage to your commercial vehicle only
- Requires an active third-party insurance 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:
- Buy commercial vehicle insurance online
- Instant policy issuance
- Online renewal with NCB protection
- Policy download and duplication
- Endorsements and updates
- Digital claim registration and tracking
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:
- Register claim online, via app, or helpline
- Vehicle inspection and claim approval
- Repair at cashless garage or reimbursement option
- 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.
What is comprehensive and third-party policy in terms of commercial vehicle?
In commercial vehicle insurance a third-party insurance covers any damage to a third party that is except your vehicle, and the driver. On the other hand, a comprehensive policy covers the insured vehicle itself (including damage or loss due to accidents, fire, theft, natural events, etc.) as well as third-party liabilities.
What is a passenger carrying vehicle?
A passenger carrying vehicle is a commercial vehicle which charges passengers for the privilege of driving them - often in the form of buses or coaches. Examples are buses, vans, taxis and the like.
What is meant by Goods carriage vehicle?
A goods vehicle is a commercial road vehicle used for transporting goods. These may include trucks, lorries, pick-up vans, tempos and so forth.
What is a miscellaneous and special vehicle type?
Vehicles, which can not be easily placed into the groups of "passenger taking" or "goods taking" vehicles are classified as miscellaneous and special vehicles. Considering a case of the same, such vehicles may comprise ambulances, cinema vans, special purpose vehicles (SPVs), construction site vehicles and/or similar types.
My commercial truck has been in an accident, what should I do?
If your commercial vehicle gets into an accident:
- Engine off (if safe) and make sure all persons are well guarded.
- Assess for injuries and call medical help if required.
- Photograph/videotape the accident scene: vehicle damage, road conditions, skid marks, etc.
- Inform the police (Log an FIR if necessary – in particular where there is injury to a third-party or damage to property).
- Contact your insurance company promptly (you may only have 24-72 hours to report) and go through their claim procedure.
- Have all relevant documents in place: Vehicle registration, policy papers, driving licence, FIR/incident report and photos.
How to get the mobile van repaired in case of damage for my commercial vehicle?
You can have the vehicle serviced at a workshop at any of your insurer’s authorised or network garages (which typically tie-up for cashless claims). If the car is not drivable, have it towed in accordance with your policy. It is a good idea to check with your auto insurer before you start major repairs, to prevent the denial of a claim.
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