{"uin":"IRDAN115CPPR0007V01202425","name":"ICICI Lombard IAR Policy - IRDAN115CPPR0007V01202425","url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425","insurer":{"slug":"icici-lombard-general-insurance","name":"ICICI LOMBARD General Insurance Company Limited","url":"https://indiainsurances.com/insurer/icici-lombard-general-insurance"},"line":"general","category":"other-general","category_name":"Other general insurance","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"ICICI Lombard IAR Policy is a business property policy with Material Damage and Business Interruption cover, and Machinery Loss of Profit and other optional covers. It has four named plans: IAR Supreme, IAR Platinum, IAR Edge and IAR Diamond.","analysis":{"state":"machine","analysed_at":"2026-10-20 06:41:18.057649+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["PLAN A- IAR Supreme","PLAN B- IAR Platinum","PLAN C- IAR Edge","PLAN D- IAR Diamond"],"display":"PLAN A- IAR Supreme; PLAN B- IAR Platinum; PLAN C- IAR Edge; PLAN D- IAR Diamond","note":null,"quote":"The plans under ICICI Lombard IAR Policy are named below, You can opt any of the below as per your business requirement and policy wordings will be shared accordingly: ... PLAN A- IAR Supreme ... PLAN B- IAR Platinum ... PLAN C- IAR Edge ... 4 PLAN D- IAR Diamond","sources":[{"clause":null,"heading":"Introduction","page":1,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20449#c-introduction"},{"clause":"1","heading":"PLAN A- IAR Supreme","page":1,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20449#c-1"},{"clause":"2","heading":"PLAN B- IAR Platinum","page":1,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20449#c-2"},{"clause":"3","heading":"PLAN C- IAR Edge","page":1,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20449#c-3"},{"clause":"4","heading":"PLAN D- IAR Diamond","page":1,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20449#c-4"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"not-stated","value":null,"display":null,"note":"The wording defines Period of Insurance by reference to the Schedule and does not print a fixed policy term.","quote":null,"sources":[],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"The insured must forthwith give notice of loss or damage to the Company and within 30 days after the loss or damage register the claim and submit claim-related documents with the claim form.","display":"Forthwith notice; within 30 days to register the claim and submit documents","note":null,"quote":"On the happening of any loss or damage, the Insured shall forthwith give notice thereof to the Company via: Toll-free no.: 1800 2666, Email ID: customersupport@icicilombard.com, on our website: https://coclaims.icicilombard.com/claimstracker/CommercialClaims/ccplandingpage.aspx.and shall within 30 days after the loss or damage, or such further time as the Company may in writing allow in that behalf register the claim and submit claim related documents as provided below along with claim form.","sources":[{"clause":null,"heading":"E.CLAIM PROCESS","page":50,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-e-claim-process"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Claim bill / Claim Form duly filled up","Photographs / Video of damaged property/item under claim","Document/s in support of admissibility of the claim, for instance, Service Engineer’s Report, Fire Brigade Report, etc.","FIR / Final Police investigation report wherever applicable","repair/ replacement quotation, invoice and payment proofs for each and every item as claimed","documents substantiating the quantum & value of the items under claim","Offer for retention of salvage, if any","KYC / NEFT Details as per AML guidelines","Invoice copy / Goods Receipt Note / Monetary Claim on carrier / Damage Certificate","Any other document which may be specified by the surveyor post completion of initial survey"],"display":"Claim form/bill, photos or video, admissibility documents, FIR/police report where applicable, repair or replacement proofs, quantum/value proof, salvage offer, KYC/NEFT and other surveyor-specified documents","note":null,"quote":"Submit the following required documents to the assigned CSM/Surveyor- Claim bill / Claim Form duly filled up, Photographs / Video of damaged property/item under claim, Document/s in support of admissibility of the claim, for instance, Service Engineer’s Report, Fire Brigade Report, etc., FIR / Final Police investigation report wherever applicable, For items which are to be repaired or reinstated, repair/ replacement quotation, invoice and payment proofs for each and every item as claimed, For items which are under claim & not to be repaired or reinstated, documents substantiating the quantum & value of the items under claim, Offer for retention of salvage, if any, KYC / NEFT Details as per AML guidelines, Invoice copy / Goods Receipt Note / Monetary Claim on carrier / Damage CertificateAny other document which may be specified by the surveyor post completion of initial survey.","sources":[{"clause":null,"heading":"E.CLAIM PROCESS","page":50,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-e-claim-process"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["faulty or defective design and/or materials and/or workmanship, inherent vice, latent defect, gradual deterioration, deformation or distortion or wear and tear","interruption of the water supply gas electricity or fuel systems or failure of the effluent disposal systems","collapse or cracking of buildings","corrosion, rust, extremes or change in temperature, dampness, dryness, wet or dry rot, fungus, shrinkage, evaporation, loss of weight, pollution, contamination","larceny","acts of fraud or dishonesty of the Insured or any one acting on his behalf to obtain any benefit under the policy","any willful act or willful negligence on the part of the Insured or any person acting on his behalf","war invasion act of foreign enemy hostilities or warlike operations (whether war be declared or not) civil war","nuclear weapons material","TERRORISM EXCLUSION ENDORSEMENT (NMA2920)","PROPERTY CYBER AND DATA ENDORSEMENT","Communicable Disease Exclusion","Money, cheques, stamps, bonds, credit cards, securities of any description, jewelry, precious stones, precious metals, bullion, furs, curiosities, rare books or works of art unless specifically mentioned as insured by this policy.","property in transit other than within the premises specified in the Schedule","mechanical or electrical breakdown or derangement of machinery or equipment."],"display":"Main exclusions include defective design or wear and tear, utility interruption, collapse/cracking, corrosion and gradual conditions, larceny, fraud, wilful act, war, nuclear, terrorism, cyber/data, communicable disease, certain excluded property, transit outside premises and mechanical/electrical breakdown.","note":"Coverage under optional covers is excluded unless the applicable optional cover is bought.","quote":"faulty or defective design and/or materials and/or workmanship, inherent vice, latent defect, gradual deterioration, deformation or distortion or wear and tear ... interruption of the water supply gas electricity or fuel systems or failure of the effluent disposal systems ... collapse or cracking of buildings ... corrosion, rust, extremes or change in temperature, dampness, dryness, wet or dry rot, fungus, shrinkage, evaporation, loss of weight, pollution, contamination ... larceny ... acts of fraud or dishonesty of the Insured or any one acting on his behalf to obtain any benefit under the policy ... any willful act or willful negligence on the part of the Insured or any person acting on his behalf ... war invasion act of foreign enemy hostilities or warlike operations (whether war be declared or not) civil war ... nuclear weapons material ... TERRORISM EXCLUSION ENDORSEMENT (NMA2920) ... PROPERTY CYBER AND DATA ENDORSEMENT ... Communicable Disease Exclusion ... Money, cheques, stamps, bonds, credit cards, securities of any description, jewelry, precious stones, precious metals, bullion, furs, curiosities, rare books or works of art unless specifically mentioned as insured by this policy. ... property in transit other than within the premises specified in the Schedule ... mechanical or electrical breakdown or derangement of machinery or equipment.","sources":[{"clause":"2.1(a)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-2-1-a"},{"clause":"2.1(b)","heading":"Damage caused by or arising from","page":4,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-2-1-b"},{"clause":"2.1(c)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-2-1-c"},{"clause":"2.1(a)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-2-1-a-2"},{"clause":"2.1(b)(i)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-2-1-b-i"},{"clause":null,"heading":"ICICI Lombard General Insurance Company Limited","page":5,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-icici-lombard-general-insurance-company-limited-5"},{"clause":"6","heading":"Data Processing Media","page":8,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-6"},{"clause":null,"heading":"1.1. EXCLUDED PROPERTY","page":10,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-1-1-excluded-property"},{"clause":"6(ii)","heading":null,"page":25,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-6-ii"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"For a query or grievance, the insured may first contact the Company branch office, call 1800-2666, or use the Grievance Redressal section on www.icicilombard.com. If the resolution is not satisfactory, the insured may approach IRDAI through Bima Bharosa or IGCC, or the Insurance Ombudsman.","display":"First contact branch office, 1800-2666, or Grievance Redressal on www.icicilombard.com; then IRDAI/Bima Bharosa or Ombudsman if not satisfactory","note":null,"quote":"For resolution of any query or grievance, Insured may contact the respective branch office of the Company or may call toll free no.1800-2666 or may approach us at the sub section “Grievance Redressal” on our website www.icicilombard.com (Customer Support section). However, if the resolution provided by us is not satisfactory you may approach Insurance Regulatory and Development Authority of India (IRDAI) through the Bima Bharosa Portal - https://bimabharosa.irdai.gov.in/ or IRDAI Grievance Call Centre (IGCC) at their toll free no. 1800 4254 732 / 155255. You may also approach Insurance Ombudsman, subject to vested jurisdiction, for the redressal of grievance.","sources":[{"clause":null,"heading":"G.GRIEVANCES","page":51,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-g-grievances"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"perils","label":"What is covered","section":"Cover","meaning":"The events or risks covered.","status":"quote-verified","value":["Material Damage: accidental physical loss or damage to insured property other than by an excluded cause","Business Interruption: interruption or interference in consequence of loss, destruction or damage indemnifiable under Section I","Machinery Loss of Profit and other optional covers, if specifically opted and mentioned in the policy schedule"],"display":"All-risk Material Damage, Business Interruption from indemnifiable Section I loss, and optional Machinery Loss of Profit/add-on covers if opted","note":"Prospectus plan table states Business Interruption and MLOP are optional in Plan A, Business Interruption is mandatory in Plans B and C, and Machinery Breakdown with Business Interruption is mandatory in Plan D.","quote":"Subject to the terms, conditions and exclusions contained herein or endorsed or otherwise expressed hereon, only Section I & II are mandatory other than Machinery Loss of Profit and optional covers specifically opted and mentioned in the policy schedule ... the Insurer will pay to the Insured the value of the property at the time of the happening of its accidental physical loss or damage or at its option reinstate or replace such property or any part thereof in the event of the property insured be accidentally physically lost destroyed or damaged other than by an excluded cause ... if during the period of insurance the business carried on by the insured at any of the premises specified & listed in the Schedule is interrupted or interfered with in consequence of loss destruction or damage indemnifiable under Section I, then the Insurers shall indemnify the Insured for the amount of loss as hereinafter defined resulting from such interruption or interference ... Coverage | Material Damage section is on \"All Risk\" basis with machinery breakdown as an optional section. Business Interruption and MLOP are optional along with various optional covers/clauses that can be opted as per requirement | Material Damage section is on \"All Risk\" basis with machinery breakdown as an optional cover. Business Interruption is mandatory. Optional covers/clauses can be opted as per requirement | Material Damage section is on \"All Risk\" basis with machinery breakdown as an optional cover. Business Interruption is mandatory. Optional covers/clauses can be opted as per requirement | Material Damage section is on \"All Risk\" basis with machinery breakdown as a mandatory coverage. Business Interruption is mandatory. Optional covers/clauses can be opted as per requirement","sources":[{"clause":"A","heading":"INSURING AGREEMENT","page":1,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-a"},{"clause":"Section I","heading":"MATERIAL DAMAGE","page":2,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-section-i"},{"clause":"Section II","heading":"BUSINESS INTERRUPTION","page":13,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-section-ii"},{"clause":null,"heading":"COMPARISON OF VARIOUS IAR PLANS","page":2,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20449#c-comparison-of-various-iar-plans"}],"law":[]},{"key":"deductible","label":"Deductible or excess","section":"Limits and co-pay","meaning":"Amount of each claim you bear.","status":"not-stated","value":null,"display":null,"note":"The policy defines deductible as the amount borne for each loss and says the deductible is stated in the Schedule, but the documents provided do not print the deductible amount.","quote":null,"sources":[],"law":[]},{"key":"cancellation_refund","label":"Cancellation by you","section":"Renewal and rights","meaning":"What you get back if you cancel during the year.","status":"quote-verified","value":"The insured may give 7 days’ written notice to cancel. For a 1 year tenure policy, the refund is 75% up to 3 months, 50% from 3 months to 6 months, 25% from 6 months to 9 months and 0% from 9 months to 12 months; if any claim occurs during the policy, no refund is made.","display":"7 days’ notice; 1-year policy refund 75% up to 3 months, 50% from 3 to 6 months, 25% from 6 to 9 months, 0% from 9 to 12 months; no refund if any claim","note":"The wording prints the refund grid for a 1 year tenure policy.","quote":"The Insured may also give 7 days’ notice in writing, to the Company, for the cancellation of this policy or any section thereof, in which case the Company shall cancel the policy or any section thereof from the date of receipt of notice and the Company shall return premium paid by Insured as per the grid below:\nCancellation Period | Refund % for 1 year tenure policy\nUp to 3 months | 75%\nFrom 3 months to 6 months | 50%\nFrom 6 months to 9 months | 25%\nFrom 9 months to 12 months | 0%\nIn case of any claim during the currency of the Policy, no refund whatsoever shall be made for any cancellation of the Policy by the Insured.","sources":[{"clause":null,"heading":"ICICI Lombard General Insurance Company Limited","page":44,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-icici-lombard-general-insurance-company-limited-44"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64VB","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 6","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 17","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"territory","label":"Where it covers","section":"Overview","meaning":"Geographic area of cover: India only, worldwide, or listed countries. 'As stated in the schedule' is not an answer.","status":"not-stated","value":null,"display":null,"note":"The policy refers to premises described or listed in the Schedule, but does not print a geographic territory such as India or worldwide.","quote":null,"sources":[],"law":[]},{"key":"subject_covered","label":"What is insured","section":"Cover","meaning":"The thing or risk this policy covers.","status":"quote-verified","value":"The policy covers the insured’s interest in property at the premises described in the Schedule for the business. It includes Material Damage and Business Interruption sections, subject to the terms, exclusions and schedule.","display":"Interest in business property at the scheduled premises, with Material Damage and Business Interruption sections","note":null,"quote":"covering the interest of the Insured in the property at the premises described in the Schedule for the purpose of this business, to indemnify the Insured in the manner and to the extent stated in the following sections forming part of this Policy of Insurance and shown in the Schedule to the policy. ... Section I – Material Damage Section II – Business Interruption Machinery Loss of Profit Section III - Optional Covers","sources":[{"clause":null,"heading":"PREAMBLE","page":1,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-preamble"},{"clause":"A","heading":"INSURING AGREEMENT","page":1,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676#c-a"}],"law":[]}],"documents":[{"kind":"wording","label":"ICICI Lombard IAR Policy","pages":55,"fetched_at":"2026-10-20 02:48:59+00","source_url":"https://www.icicilombard.com/docs/default-source/default-document-library/2-icici-lombard-iar-policy--policy-wording---commercial.pdf","url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20676"},{"kind":"prospectus","label":"ICICI Lombard IAR Policy - IRDAN115CPPR0007V01202425","pages":37,"fetched_at":"2026-10-20 02:40:21+00","source_url":"https://www.icicilombard.com/docs/default-source/default-document-library/15-prospectus-icici-lombard-iar-policy8c0007ff45fd68ff8a0df0055fcf7d9e.pdf","url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20449"},{"kind":"prospectus","label":"ICICI Lombard IAR Policy - IRDAN115CPPR0007V01202425","pages":34,"fetched_at":"2026-10-20 02:40:27+00","source_url":"https://www.icicilombard.com/docs/default-source/default-document-library/sales-literature_icici-lombard-iar-policy.pdf","url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/20451"},{"kind":"premium","label":"ICICI Lombard IAR Policy - IRDAN115CPPR0007V01202425","pages":null,"fetched_at":"2026-10-20 02:11:04+00","source_url":"https://www.icicilombard.com/docs/default-source/default-document-library/premium-calculator_icici-lombard-iar-policy.pdf","url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/19652"},{"kind":"proposal","label":"ICICI Lombard IAR Policy - IRDAN115CPPR0007V01202425","pages":null,"fetched_at":"2026-10-20 02:28:19+00","source_url":"https://www.icicilombard.com/docs/default-source/default-document-library/proposal-form_icici-lombard-iar-policy.pdf","url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/19713"},{"kind":"claim-form","label":"ICICI Lombard IAR Policy - IRDAN115CPPR0007V01202425","pages":null,"fetched_at":"2026-10-20 02:32:27+00","source_url":"https://www.icicilombard.com/docs/default-source/default-document-library/claim-form_icici-lombard-iar-policy.pdf","url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425/document/19747"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"ICICI LOMBARD General Insurance official website","url":"https://www.icicilombard.com","note":"Website as listed by IRDAI. Not checked: the site blocks automated requests (bot wall) for our crawler on 2026-10-19; we do not bypass walls."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"ICICI Lombard IAR Policy - IRDAN115CPPR0007V01202425 (UIN IRDAN115CPPR0007V01202425), IndiaInsurances, https://indiainsurances.com/policy/icici-lombard-general-insurance/icici-lombard-iar-policy-irdan115cppr0007v01202425-irdan115cppr0007v01202425"}