ICICI Lombard Car Insurance Renewal Online – Steps, Benefits & Cost

Introduction

Renewing your car insurance on time is crucial to ensure uninterrupted protection for your vehicle and to stay legally compliant under Indian motor laws. ICICI Lombard Car Insurance Renewal Online offers a quick and convenient way to extend your policy without paperwork, long queues, or delays. Whether your policy is about to expire or has just expired, renewing online helps you retain benefits like No Claim Bonus (NCB) and avoid penalties, all from the comfort of your home.

In this guide, we’ll walk you through the step-by-step renewal process, key benefits of renewing online, and factors that determine the cost of renewal for ICICI Lombard car insurance in 2025.

Why Renew Your Car Insurance on Time?

Timely renewal of your car insurance policy ensures:

• Continuous financial protection

• Legal compliance on Indian roads

• Retention of No Claim Bonus (NCB)

• Eligibility for add-on benefits

• Access to efficient claim support

Renewing late or allowing a policy lapse can lead to loss of NCB and higher costs.

Step-by-Step Guide to Renew ICICI Lombard Car Insurance Online

Renewing your car insurance online with ICICI Lombard is fast and user-friendly:

1. Visit the ICICI Lombard Renewal Page

Go to the official ICICI Lombard motor insurance renewal section on the website or mobile app.

2. Enter Required Policy Details

Provide your policy number or vehicle registration number to retrieve the current policy details.

3. Review Existing Coverage

Check your previous coverage, including IDV (Insured Declared Value), add-ons, and premiums.

4. Select or Modify Coverage

You can continue with your existing coverage or enhance it with additional covers such as zero depreciation, engine protection, etc.

5. Check Renewal Premium

Based on the coverage and add-ons selected, view your renewal premium instantly.

6. Make Secure Online Payment

Use safe payment options like debit/credit card, net banking, or UPI to complete the renewal.

7. Download Renewed Policy

Once payment is successful, you’ll receive the renewed policy documents instantly via email or on the app.

Benefits of Renewing Car Insurance Online

• Easy and Convenient

Renew your policy anytime, anywhere—no paperwork or physical visits needed.

• Saves Time

Complete the entire process within minutes.

• Secure Transactions

Online platforms use secure payment gateways for all transactions.

• Retains No Claim Bonus (NCB)

Renewing before expiry helps safeguard your accumulated NCB and reduces future premiums.

• Customisable Coverage

You can choose add-on covers during renewal to enhance protection based on your needs.

• Instant Policy Issuance

Renewed policy documents are issued instantly, so there’s no waiting period.

Cost of ICICI Lombard Car Insurance Renewal

The renewal premium varies based on several key factors:

1. Insured Declared Value (IDV)

IDV is the current market value of your car; a higher IDV means higher premiums.

2. Age of the Vehicle

Older cars may have lower IDV but can still attract higher premiums due to depreciation and risk factors.

3. No Claim Bonus (NCB)

A higher NCB reduces your renewal premium significantly if you maintain a claim-free policy year.

4. Add-On Covers

Adding optional covers like zero depreciation, roadside assistance, and engine protection increases the premium.

5. City of Registration

Premiums may vary based on your city or region due to varying risk profiles.

Example Renewal Premium (Indicative)

(Actual figures may vary)

• Hatchbacks: ₹4,000 – ₹8,000

• Sedans: ₹6,000 – ₹12,000

• SUVs: ₹8,000 – ₹15,000

These costs depend on IDV, add-ons selected, NCB, and other personal factors.

Tips to Lower Renewal Cost

• Renew before the expiry date to preserve NCB

• Avoid unnecessary claims to retain benefits

• Choose add-ons based on actual needs

• Compare renewal quotes online

• Maintain a clean driving record

Frequently Asked Questions (FAQs)

Q.1. Can I renew my ICICI Lombard car insurance after expiry?

Yes, you can renew after expiry, but additional inspection may be required and NCB could be affected.

Q.2. Will I lose my No Claim Bonus if I renew late?

If you renew within the grace period (usually 30 days), NCB may still be preserved. After that, it may be forfeited.

Q.3. How long does online renewal take?

Online renewal usually takes only a few minutes.

Q.4. How can Square Insurance assist with ICICI Lombard renewal?

squareinsurance helps users compare renewal options, calculate premiums, select suitable add-ons, and renew ICICI Lombard car insurance online with expert guidance.

Q.5. Can I alter my coverage during renewal?

Yes, you can upgrade your coverage and add optional covers when renewing your policy online.

Conclusion

Renewing your ICICI Lombard car insurance online is quick, secure, and cost-effective. With the ability to compare coverage, retain No Claim Bonus, and customise add-on options, online renewal ensures continuous protection and peace of mind.

Note

For easy policy comparison, quick renewals, claims assistance, and POSP opportunities, download “Square Insurance POS – Apps on Google Play” and manage all your insurance needs digitally from one trusted platform.