The icici lombard motor insurance policy is comprehensive vehicle insurance. as governed by the indian motor trafiff.it covers you for.
Loss or Damage to your vehicle:
Provides cover for any loss or damage to your vehicle or the accessories due to.
Natural calamities: fire, explosion self ignition or lighting earthquake, flood,typhoon, hurricane, strom tempest,inundation , cyclone, hailstrom,frost landslide rockslide.
Man made Calamities: Burglary,theft,riot,strike,malicious act, accident by external means, terrorist activity and damage in transit by road, rail inland waterway , lift, elevator or air etc.
Personal Accident Cover:
the motor insurance provides compulsory personal accident cover for individual owners of the vehicle while driving. you can also opt for a personal accident cover for passengers.
The party Legal Liability
Covers for leagal liability due to accidental damage fro
any permanet injury death of a person.
any damage caused to the property.
Additional Covers
Electrical/non electrical accessories can be coverd e.g for lights music system, seat coverss. etc
you can also cover your bi fuel system such as CNG.
What Does the ICICI Lombard Motor insurance policy cover?
Choose the right Medicare plan
If you're 65 or older, Medicare covers the bulk of your medical expenses. But it still leaves some big gaps, and it doesn't cover prescription drugs. You must act fast -- between November 15 and December 31 -- to decide how you'll pay for your prescriptions in 2010. You can pick a medigap policy and a Part D prescription-drug plan to supplement Medicare, or you may choose an all-in-one Medicare Advantage plan that provides medical as well as prescription-drug coverage through a private insurer.
It's particularly important to analyze all of your options this year, as most insurers are raising premiums and increasing out-of-pocket costs. For example, average premiums for Part D plans are increasing by 7% in 2010, to $30 per month, and average premiums for Medicare Advantage plans are jumping by 22%, to $39 per month. For some, these price hikes will be a bitter pill to swallow because there will be no cost-of-living adjustment in Social Security benefits in 2010 to offset the additional cost. Switching to a new plan could save you money and provide better coverage.
Choosing a Part D plan. Premium increases are only part of the picture. More than 60% of Part D plans will charge an annual deductible in 2010 ($310 is standard) before covering any drug costs. That's up from 45% of plans that charged a deductible in 2009, according to the Kaiser Family Foundation. And fewer Part D plans will provide coverage in the so-called doughnut hole, which begins after you spend $2,830 on prescriptions in 2010 and extends until your total drug costs for the year reach $6,440. Within that gap, you generally have to pay all of the bills yourself. The plans that do provide some coverage in the doughnut hole pay only for generic drugs.
Be sure to check how each Part D plan treats your specific medications: Co-payments are rising, and many insurers are changing their pricing tiers. For example, you could end up with higher out-of-pocket costs if your insurer moves your drug from, say, a "preferred" category with lower co-payments to a "nonpreferred" category that requires higher co-pays. Ask your doctor now whether you can switch any of your drugs to a generic or lower-cost medication. Beware: The Part D policy with the best deal for brand-name drugs may not be the best deal for generics.
This year's premium increases are just the latest in a steady stream of price hikes. Premiums for AARP MedicareRx Preferred, the most popular Part D plan, have risen by 50% since 2006, according to Avalere Health, a health-care consulting firm. Humana Enhanced, also a popular plan, has increased premiums by 180% over the same period.
Medicare Advantage. If the combined premiums for Medicare Part B, a Part D prescription-drug plan and a medigap policy are too much for you to handle, consider switching to an all-inclusive Medicare Advantage plan. Nearly 90% of Medicare beneficiaries will have access in 2010 to a Medicare Advantage plan that charges nothing beyond the cost of Medicare Part B (which is usually deducted from retirees' monthly Social Security checks).
But these plans also have their drawbacks. Many are boosting premiums and increasing co-payments for doctor's visits, hospital stays and prescription drugs. You may have to pay significantly more out of pocket for certain types of expenses, such as chemotherapy, than you would if you stuck with traditional Medicare supplemented by a medigap policy.
If you are already enrolled in a Medicare Advantage plan, you should have received an annual notice of change that outlines any differences in your plan's coverage and costs from 2009 to 2010. To find out about prices and coverage for plans available in your area, as well as customer-service ratings, go to www.medicare.gov/mppf to use the Medicare Options Compare tool.
Many people are concerned that some Medicare Advantage plans will leave the business if Congress passes a health-care-reform plan that cuts back on subsidies to private insurers. If your plan shuts down, you may switch to another Medicare Advantage plan or move back to traditional Medicare. If you do, insurers must offer you medigap plans A, B, C, F, K or L regardless of your health. However, if your Medicare Advantage plan sticks around but you decide you want to switch back to traditional Medicare, the price of a new medigap policy may be based on your health.
LIC Plans
India’s No.1 Most Trusted Service Brand L.I.C.
Contact for advice on LIC India’s policies and Investment options.
LIC has varieties of Policies to match everyone’s need along with flexible payment options. (Like Monthly, Quarterly, Half yearly and Annually).
Plans:-Endowment plans, Childrens Plan, Money Back Plan, Pension Plan, Health Plan, ULIP Plan and many more.
Get LIC’s Life Insurance Plans and Save On Tax!, Protect Your self and your family.
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Life insurance business grows 12.8%
The life insurance industry recorded 12.85 per cent growth in new business premium during the first half of the financial year even though private players saw a drop in sales of new policies.
This was despite a 1.75 per cent decline in premium from sale of new life insurance policies in September, when the industry mopped up Rs 8,006 crore first-premium income, according to data released by the Insurance Regulatory and Development Authority (Irda).
More India business stories
The growth was largely on account of a 35.21 per cent rose in Life Insurance Corporation's (LIC's) first-premium income, which rose to Rs 25,814 crore. For LIC, individual single-premium policies generated a premium income of Rs 7,879 crore, a third of the total first-premium income. In addition, group single-premium policies accounted for 40 per cent (Rs 9997.79 crore) of the premium collected from new policies. The remaining Rs 7,937 crore came from individual non-single premium policies such as unit-linked plans and term covers.
In contrast, private players, which did not sell single-premium policies, reported a 14.67 per cent drop in first-premium income (see table). Individual non-single premium policies accounted for 77 per cent, or Rs 10,285 crore, of the new business premium collected by private players in the first six months of the financial year.
"The rate of commission in the single-premium policy business may be less but since the ticket size is large, agents can make good money," said IDBI Fortis Managing Director and Chief Executive Officer GV Nageswara Rao.
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Also, the average ticket size of a single-premium product is three times that of a regular policy. Agents prefer to sell regular policies so that they can earn commission for the subsequent years until the policy is alive.
Private insurers do not promote single-premium policies partly as expenses in such policies are capped at 2 per cent of the premium.
http://sify.com/finance/life-insurance-business-grows-12-8-news-life+insurance-jkybuhgeaba.html
ICICI Lombard Motor Insurance
Motor insurance is mandatory for your vehicle.this is one of the reasons why we take it for granted.We invest very little time to check the insurance documents given to us, or to study the details of the cover, or to even check on the company issuing the policy to us. But all this can make a difference, in case an unfortunate incident does take place with your vehicle. Its not only difficult to commute, but you also have the added hassles of making sure that your vehicle is repaired, and coordinating with the insurance company to settle your claim.
That's where you all appreciate the thoughtful convenience that you will find at every turn with ICICI Lombard.
Be it the advantage of lighting fast claims service, to the cashless settlement that ensure very limited out of pocket expenses for you. And our call centers will not only register your claims, but also provide emergency assistance to you. So make sure that you dont have to do without your vechicle for longer than its absolutely necessary.
