ICML stands for International Cars and Motors Limited, an Indian automobile manufacturer and a subsidiary of the Sonalika Group. While the company's vehicle production has been limited in recent years, owners of ICML cars, like the Rhino and Extreme, can still get car insurance from various insurance providers. Car insurance for ICML vehicles provides crucial financial protection against damages, theft, and third-party liabilities.
Car insurance for ICML vehicles functions like any other car insurance policy in India, offering options such as third-party liability and comprehensive insurance. The premium for these policies is determined by factors such as the car's model, variant, cubic capacity, and the city where it is registered.
ICML Car Insurance premium rates for the ICML Cars are as follows:
| ICML Car Models | ICML Car Variants | Insured Declared Value | Zero Depreciation | Net Premium |
|---|---|---|---|---|
| ICML EXtreme | SD | ₹5,06,300 | ₹2,217 | ₹29,365 |
| ICML EXtreme | VD | ₹7,10,366 | ₹6,687 | ₹56,156 |
NOTE: The insurance premiums mentioned above are indicative and may vary based on location, driving history, and other factors. Please contact your insurer for an accurate quote.
ICML car insurance policies are categorized into several types to suit the needs of vehicle owners, with some being legally mandatory while others offer enhanced protection.
Third-party car insurance is a type of policy that is legally mandatory in India for all vehicles, including ICML cars. It covers the policyholder's legal and financial liabilities if their car causes death, bodily injury, or property damage to a third party. The policy does not cover any damages to the insured ICML car itself.
A comprehensive car insurance plan offers a more complete level of protection by combining both third-party liability and "Own Damage" coverage into a single policy. It covers not only the damages to others but also damages to your ICML car from accidents, theft, fire, and natural disasters. This policy is highly recommended as it provides peace of mind and protection for your own vehicle investment.
Own damage car insurance is a type of policy, which is not mandatory, can be purchased as a standalone cover to protect your own ICML vehicle. It provides financial coverage for damages caused to your car due to various events such as accidents, fire, theft, or natural calamities. The policy can be bought separately if you already have a third-party policy, offering a flexible way to insure your vehicle.
Inclusions in a comprehensive ICML car insurance policy generally cover a wide range of situations to provide extensive financial protection for the vehicle and its owner. Here are some of the key inclusions:
The policy covers the cost of repairs for your ICML car in case of an accident or collision, whether minor or major.
It protects you from financial and legal liabilities if your car injures or damages a third party.
The policy provides a payout if your ICML vehicle is stolen or suffers significant damage from a fire.
It includes coverage for damage caused by floods, earthquakes, riots, and other natural or man-made disasters.
The insurance provides a lump-sum compensation to the owner-driver in case of permanent disability or death due to an accident.
While a comprehensive car insurance policy for an ICML vehicle provides broad coverage, there are specific situations and types of damages that are typically excluded. Being aware of these exclusions is crucial to understanding the policy's limitations.
The policy does not cover gradual damages to the vehicle from regular use and aging, such as worn-out tires or a depreciating value.
Damages and liabilities are not covered if the driver was under the influence of alcohol or drugs at the time of an accident.
Claims are rejected if the person driving the ICML vehicle at the time of the incident did not have a valid driver's license.
The policy excludes damages or failures caused by mechanical or electrical breakdowns, which are typically considered maintenance issues.
Any damage incurred while the car is being used for illegal activities or purposes not specified in the policy is not covered.
Add-ons for ICML car insurance are optional covers that can be purchased to enhance the protection of a standard comprehensive policy. Here are the add-ons for ICML car insurance:
Zero Depreciation Cover: This add-on allows you to get the full cost of repairing or replacing parts without any deduction for depreciation, which is ideal for new ICML cars.
Engine Protection Cover: It specifically covers damages to the engine and its parts from issues like waterlogging or oil leaks, which a standard policy does not include.
Roadside Assistance: This provides 24/7 support for emergencies like a flat tire, battery jump-start, or towing, ensuring you are never stranded with your ICML vehicle.
Return to Invoice Cover: In case of total loss or theft, this add-on ensures you get the original on-road price of your ICML car, not just its depreciated value.
No Claim Bonus (NCB) Protection: This add-on safeguards your accumulated NCB discount, allowing you to make a claim without losing the valuable discount on your next premium.
When getting ICML car insurance, choosing a platform like Coverfox offers several distinct advantages that simplify the process and provide added benefits.
Coverfox allows you to instantly compare car insurance quotes from over 40 insurers, ensuring you find the best plan and premium for your specific ICML model.
The entire process, from getting a quote to receiving the policy, is online, paperless, and instant, saving you time and effort.
You can easily add various useful covers like Zero Depreciation, Engine Protection, and Roadside Assistance to your comprehensive policy, tailoring the plan to your needs.
Coverfox has a network of cashless garages, allowing you to get your ICML car repaired without paying upfront, with the insurer directly settling the bill with the workshop.
For any assistance, feel free to contact our support team at help@coverfox.com or call us on 022 4897 1018.
Filing a claim for your ICML car insurance involves a clear, step-by-step process to ensure a smooth and timely settlement. Whether it's for an accident, theft, or third-party damage, following the correct procedure is essential.
Immediately notify your insurance company about the incident involving your ICML Rhino to register the claim.
Lodge a First Information Report (FIR) at the nearest police station for any major incident involving the vehicle.
A surveyor from the insurance company will inspect the damaged car to assess the extent of the loss.
Get your car repaired at a network garage for cashless service or a non-network garage for reimbursement, and submit all necessary documents.
The insurer will verify the documents and surveyor's report, then either directly pay the garage or reimburse you for the approved amount.
Yes, car insurance is legally mandatory for all vehicles, including ICML cars.
Premiums depend on your car’s model, age, location, and chosen coverage.
You can compare quotes online from top insurers to find the best price.
Use online comparison tools to check coverage, premiums, and benefits side-by-side.
You’ll need your car’s registration, driving license, identity proof, and address proof.
Yes, buying and renewing ICML car insurance online is quick and convenient.
Yes, inspection is required if the ICML's car policy is expired.
Yes, it is possible at the discretion of the insurance company. A NCB (No Claim Bonus Certificate) is mandate in this case.
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