ICICI Two-Wheeler Insurance Review: Best for Safe Drivers

ICICI Two-Wheeler Insurance Review: Best for Safe Drivers

ICICI Lombard's two-wheeler plan is the most valuable options for safe riders due to their premiums and supplementary NCB add-on

Good for

  • Safe riders
  • People looking for a budget plan for their less-powerful bikes

Bad for

  • Riders of more powerful bikes looking for rock-bottom premiums

Editor's Rating


ICICI Lombard's two-wheeler insurance offers competitive rates that are 42% - 60% cheaper than the average Comprehensive plan in India. In addition to competitive premiums that will benefit riders on a budget, ICICI Lombard's plan is also particularly useful for safe riders with a good track record due to its 1 free year of the NCB Protector. This add-on allows the insured to make a claim while keeping a considerable amount of the accumulated NCB.

Table of Contents

Summary of ICICI Lombard Motorcycle Insurance
The Comprehensive plan is 42% - 60% cheaper than the average Comprehensive bike plan offered in India
Offered 5% discount as members of the Recognised Automobile Association (RAA)
2.5% discount if they have an ARAI registered theft device in the vehicle
The cheap premium and NCB Protector add-on make a great pair for safe riders
ICICI Lombard Incurred Claim Ratio: 76%

ICICI Lombard Two-Wheeler Comprehensive Plan Highlights

ICICI Lombard's Two-Wheeler Insurance plan is an affordable option that will be particularly beneficial for safe riders. This is due to its No-Claim Bonus (NCB) rates and related add-ons. In terms of pricing, we found that ICICI's Comprehensive plan costs between 42%- 54% less for powerful bikes like the Royal Enfield Classic 350 and 62%-66% less than average for less powerful bikes like the Hero Honda Splendor. On top of this, the NCB discount offers discounts up to 50% if no claims are made for 5 consecutive years. Furthermore, the insured rider can also get a 5% discount if they are members of the Recognised Automobile Association (RAA) and an additional 2.5% discount if they have an ARAI registered theft device in the vehicle.

Other positives for the plan include coverage and applicable add-ons. The base cover includes personal accidents of up to Rs. 15,00,000. The plan also covers third party liabilities, damage caused by natural disasters, damage caused by man made disasters, and theft. Furthermore, the plan includes add-ons that allows the rider to include different benefits to reduce risk. The most relevant add-on for safe drivers is the NCB Protector. This add-on benefit allows the NCB benefit to be available even if some claims are done during the policy period. Safe drivers can utilise this to their advantage by creating some wiggle room for them in case they have to make a few claims throughout their policy period. Other add-ons include zero depreciation cover and roadside assistance.

Graph showing Average Premiums of Two-Wheeler Insurance

ICICI Motorcycle Insurance Add-Ons

ICICI offers 3 add-ons: Zero Depreciation, Roadside Assistance, and No-Claim Bonus (NCB) Protection. These benefits can be especially useful if you have extra room in your budget and would like to add some peace of mind benefits or want coverage for the depreciation and value your bike and its contents.

Add-OnDescriptionAnnual Cost
Zero DepreciationThis add-on allows you to secure the value of the bike parts as the vehicle and vehicle parts age over timeRs. 441
Roadside AssistanceProvides emergency assistance services in any of the network garages. This includes towing for things like breakdowns, accidents, flat tyres, etc.Rs. 199
No-Cash Bonus (NCB) ProtectionThis add-on allows the insured member to make a claim, but still benefit from the NCB discounts as if you never made a claimProvided for first year 1 claim


ICICI Lombard has certain exclusions, which would stop the rider from receiving a claim payout. Some exclusions include legal issues like driving without a license to more obscure exclusions like loss or damage due to nuclear risks. The full list of exclusions can be found below. You should always read the policy wording to make sure you know what you'll be able to claim for.

General Policy Exclusions

  • Normal wear and tear
  • Depreciation or any consequential loss
  • Driving any vehicles without a valid license
  • Driving under the influence of drugs or alcohol
  • Mechanical or electrical breakdown
  • Loss or damage due to war, mutiny, or nuclear risk
  • Consumables
  • Damage to tyres and tubes unless the vehicle is damaged at the same time, in which case the coverage is limited to 50% of the cost of replacement

Claims & Contact Information

It is recommended that you contact the claims department as soon as you can after an accident. A call representative will walk you through the rest of the steps. It is recommended that you File an FIR at the closest police station in case of third party property damage, bodily injury, or any other reason. You can submit accident claims at ICICI Lomabrd's website (address below), where a staff member will help you through the process.

Contact Information
Claims Assistance and Other Enquiries Toll-Free Number1800 2666
Claims InformationClaim webpage
Branch AddressMultiple locations

ICICI Two-Wheeler Insurance Features and Benefits

There are important features that different insurers provide riders such as third party liability and coverage for theft, which serve as a way to differentiate themselves in the market. While ICICI's two-wheeler plan may be a good fit for some people, it may not be as beneficial for others. Below, we summarised ICICI's main benefits. If you would like to see how it compares to other plans on the market, take a look at our comprehensive guide to the best bike insurance in India.

Personal Accident CoverageUp to Rs. 1,500,000
Damage Related to Fire100%
Natural Disaster Cover100%
Theft or Malicious Acts100%
Third Party Liability100%
Third Party Damage100%
Sahmi Chowdhury

Sahmi is a Research Analyst specialising in credit cards in India. He previously worked in the financial services sector at Brown Brothers Harriman and True Capital Management.