Car Insurance Package from ICICI

CICI Lombard launched a very comprehensive Package Policy for four-wheelers cars which covers Third Party Liability (TPL) for bodily injury and/or death, Personal Accident cover for owner-driver and loss or damage to the vehicle insured (Own Damage or OD). It was by ICICI in their product introduction of Car Insurance package.

ICICI announced that their Motor insurance Policy is governed by the Indian Motor Tariff and it will cover,

• Loss or damage to your vehicle: The policy covers you against any loss or damage caused to the vehicle due to the following natural and man made calamities.
  
  Natural Calamities – Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
  
  Man made Calamities – Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.

• Personal accident cover: The motor insurance provides compulsory personal accident cover of Rs. 2 lakhs for individual owner driver of the vehicle insured while travelling in, mounting or dismounting from the car. You can also opt for a personal accident cover for passengers.

• Third party legal liability: This protects you against legal liability arising due to accidental damages
  - Permanent injury/ death of a person
  -Damage caused to the property.

Basically, it will cover three types of liabilities. About the benefit it introduce that you can get Voluntary Excess discount, Additional discounts, Discount for Anti-theft Devices, Cover yourself and your family, Customise your insurance with additional covers etc.

I think it is better from all. It has more benefit also if you insure your car by it you can take look its Policy Exclusions where the features are available.

Source From : ICICI Bank Car Insurance