Please find below find approved response from ICICI Lombard on the crisis of E20 fuel. Request you to circulate the same all the media have done the stories and ask them to remove, balance the headline and add our response in the same.
ICICI Lombard Clarifies Motor Insurance Coverage with E-20 Fuel Usage
ICICI Lombard General Insurance reaffirms that motor insurance policies remain fully valid by the use of E-20 fuel. We further clarify that we do not treat usage of E-20 fuel in older vehicles as a negligence and we consider E-20 fuel program as a progressive environment friendly step .
Our insurance policies are designed to cover accidental damages, theft, personal accident for owner-drivers and co-passengers, as well as third-party liabilities, depending on the covers opted by the insured.
Claims are admissible based on the occurrence of insured perils such as vehicle accidents or theft. The type of fuel used in the vehicle such as Petrol, Diesel, CNG & so on is not a determining factor in claim admissibility. Accordingly, if a claim is admissible with conventional fuel, it is equally admissible with E-20 fuel and ICICI Lombard does not reject claims merely on the basis of fuel usage.
We remain committed to our ethos of customer trust and centricity.
