Why do I need to have two-wheeler insurance?

As per the Indian Motor Tariff, it is mandatory for all two-wheeler owners to have at least a third party insurance for their vehicle. Though comprehensive insurance is not mandatory, it is recommended to purchase one as it provides extensive coverage - coverage for own-damages sustained by insured’s two-wheeler in addition to incurred third party liabilities.

What is the tenure of Kotak Mahindra two-wheeler insurance policy?

One can opt for short term insurance of 1 year or a long term of 3 or 5 years. However, as per the regulations of IRDA, a new two-wheeler owner is compulsorily required to have third party insurance for 5 years. One can purchase comprehensive insurance for a tenure of 1 year, 3 year or 5 years as per his/her requirements.

What are the benefits of Kotak Mahindra two-wheeler insurance policy?

Kotak Mahindra two-wheeler insurance provides a quick and hassle-free claim settlement with their prompt customer assistance. As Kotak Mahindra has a well developed digital infrastructure, one can opt for paperless renewal without stepping out of their house.

What is the coverage amount for the third party under Kotak Mahindra two-wheeler insurance policy?

Kotak Mahindra third party two-wheeler insurance policy provides compensation up to Rs. 7.5 lakh for property damage. In case of death or bodily injuries of a third party, the amount of compensation is decided by a court of law.

What is IDV? How to calculate it?

The Insured Declared Value (IDV) refers to the maximum amount one can claim from the insurer in case of theft or total loss of the two-wheeler. This amount is calculated after the calculation of the depreciation of the vehicle. However, IDV is calculated separately if any modification of the vehicle is done. IDV is calculated using the following formula: IDV = (Manufacturer’s listing price - Depreciation) + (Accessories or extra fittings if any - Depreciation)

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Kotak Bike Insurance

Key Features:

No Inspection Needed
Immediate Policy Issurance
No Paper work

Top Kotak Mahindra Bike Insurance Plans

PLAN TYPE: Comprehensive

Starting From ₹ 714

Kotak Bike Insurance

PLAN TYPE: Third Party

Starting From ₹ 714

Kotak Bike Insurance

PLAN TYPE: Own Damage

Starting From ₹ 182

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Disclaimer: Actual Premium might vary basis your location, age and number of members

About Kotak Mahindra Bike Insurance

Kotak Mahindra General Insurance is one of the fastest-growing general insurance companies in India. It was incorporated in December 2014 and started its work as an insurer after receiving its IRDA “Certificate of Registration” in April 2015. It has successfully reached out to millions of people by delivering bike insurance, car insurance, and several other products in this short period. The company has marked its presence among one of the leading insurance companies in India, which aims at reaching out to a large number of customer segments digitally with the best quality of bike insurance and other related services at affordable rates.

Kotak Mahindra has its headquarters located in Mumbai and 18 branches spread all over India. It has provided employment to more than 350 people across India. It is a 100% subsidiary of Kotak Mahindra Bank Ltd. It caters to the need for financial security and protection against life’s uncertainties. Kotak Mahindra offers a variety of insurance ranging from health insurance to bike insurance. It strives to reach out to a large number of people with the best quality bike insurance products and solutions.

Kotak General Insurance Company is determined to connect to every individual without letting the geographical boundaries become a matter of concern and thus strives to connect with people digitally. Kotak General Insurance Company offers an array of insurance products such Two-Wheeler Insurance, Car Insurance, Health Insurance etc. that fulfill the different requirements of different individuals. The insurance company ensures seamless purchasing/claim settlement/renewal processes for the different types insurance products it offers to its customers. With this type of performance and improvisation, Kotak General Insurance has won several awards. Kotak General Insurance was honoured with ‘Marketer Company of the Year’ by India Insurance Summit and Awards 2020. The insurance company has bagged ‘ANA ECHO International Awards 2020 (Bronze)’ for its quality of services provided to its customers.

Kotak Mahindra Bike Insurance

Kotak General Insurance Company offers three major types of two-wheeler insurance policies that one can choose from according to their requirements and budget. Three types of two-wheeler insurance policy offered by Kotak General Insurance are Third Party, Standalone Own-Damage and Comprehensive Insurance policy. A two-wheeler insurance policy provides the policyholder legal and financial protection from the uncertainties of driving a two-wheeler. Two-wheeler insurance policy provides protection or coverage for damages to the two-wheeler or third party liabilities that may arise due to an accident or any other mishap.

Kotak Two-Wheeler Third Party insurance policy will take care of the third party liabilities in case of an accident which results in bodily injuries, disability, demise and property damage of the third party. Buying a third party insurance policy is compulsory in India as per the Motor Vehicles Act. If a person is caught driving the two-wheeler without a third party insurance policy he/she can be fined for Rs. 2,000 and/or imprisonment for up to 3 months. This type of two-wheeler insurance policy provides financial and legal assistance in the times of crisis.

Kotak Two Standalone Own-Damage insurance policy provides coverage for the damages to the insured two-wheeler in case of an accident or any other mishap. A standalone own-damage policy offers compensation for the damages to the two-wheeler in case of theft, vandalism, road accident and natural or man-made disasters. Standalone own-damages insurance policy provides financial protection to the policyholder for any damages to the two-wheeler in case of any mishap.

Kotak Two-Wheeler Comprehensive insurance policy provides a blend of third party and standalone own-damage coverage to the policyholder. This type of insurance policy provides coverage for third party liabilities such as bodily injuries, disability, demise or property damage to the third party and also provides coverage for damages to the two-wheeler that may arise during an accident or any other mishap.

You can also purchase add-on covers which further enhance the coverage of the standard two-wheeler insurance. Add-on covers are available with every own-damage cover and can be selected as per your requirements. Make sure to select the right add-ons as they can make a considerable difference in your claim amount if chosen correctly. Some add-ons that Kotak General Insurance offers are Depreciation Cover, Consumable Cover, Engine Protect, Return to Invoice and Garage Cash.Besides the add-on covers Kotak Mahindra also offers a No Claim Bonus for claim-free years for customers with own-damage covers. Moreover, they have a good track record for their claim settlement procedure for being quick, efficient and customer friendly.

Significant Points of Kotak Mahindra Bike Insurance

Features	Coverage
Third Party Insurance- Property Damage	Up to Rs 1 Lakh
Own Damage Cover	Depends on the IDV of the Two-wheeler
Personal Accident Cover	Up to Rs 15 Lakh
Assistance for Claim Settlement	24x7 Helpline Available

Kotak Bike Insurance User Reviews

4.8

Rating based on

447 User reviews

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What users are saying

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Professional Customer Service
Last month, I purchased a comprehensive Kotak Bike Insurance for my new bike from InsuranceDekho. Their team’s helpful and clear communication at every step has earned my trust. I appreciate their commitment to providing reliable services. Thank you!
Read More
V
By Vikrant Makhija
On: June 6, 2024
Zero-Dep, Maximum Satisfaction...
Zero-dep Kotak Bike Insurance Policy from InsuranceDekho is all about maximum satisfaction. It ensured that I am fully satisfied with bike’smy KTM protection, no matter the circumstances.
Read More
M
By Manish Tejeshwar
On: November 22, 2023
Peace of Mind with Legal Cover...
The Kotak Bike Insurance Policy with the third-party coverage offers peace of mind with legal coverage for my KTM bike. It's the right choice for anyone who wants to drive responsibly and ethically.
Read More
N
By Nitish Kumar
On: November 16, 2023
Peace of Mind on the Road
Having access to InsuranceDekho's cashless garages gives me peace of mind whenever I'm on the road. I know I can rely on them for efficient repairs as my Vespa bike is insured with the Kotak Bike Insurance Policy.
Read More
P
By Piyush Goel
On: September 27, 2023
Value for Money
At first, I was skeptical about the cost of Zero Dep insurance, but InsuranceDekho offered me several affordable options. The extra premium that I received from the Kotak Bike Insurance Policy is worth it, especially considering the full coverage it provides for my Ampere bike without accounting for depreciation. I've had a couple of claims, and I'm glad I had this policy in place.
Read More
A
By Ankit Mahajan
On: September 25, 2023
Responsive Customer Support fo...
While buying a bike insurance policy for my Triumph bike, I had some questions while using InsuranceDekho's premium calculator, and their customer support was responsive and helpful in addressing my concerns finally I bought the Kotak Bike Insurance Policy and insured my bike.
Read More
A
By Ashish Chaatpur
On: September 21, 2023
Long-Term Benefits of Comprehe...
I opted for long-term coverage for the Kotak Bike Insurance Policy with InsuranceDekho's comprehensive policy. It came with several benefits, including reduced paperwork and uninterrupted protection for my Vespa bike.
Read More
A
By Anuj Verma
On: September 14, 2023
Peace of Mind in Compliance
Having InsuranceDekho's Kotak Bike Insurance Policy that comes with third-party coverage gives me peace of mind knowing I'm legally compliant and my Ampere bike is financially protected.
Read More
S
By Subodh Shahtri
On: September 12, 2023
Smooth and Convenient Cashless...
My experience with InsuranceDekho's cashless garages has been incredibly smooth and convenient. They truly make car repairs hassle-free. Thanks to the executives who suggested adding this benefit to my pre-existing Kotak Bike Insurance Policy for my KTM bike.
Read More
J
By Jay Arora
On: September 8, 2023
Instant Gratification
As I was looking for a good bike insurance policy for my Amperebike, I came across the InsuranceDekho portal. The instant process of receiving insurance quotes in seconds is unbeatable. InsuranceDekho's Premium Calculator has transformed the tedious process of shopping for bike insurance into an enjoyable experience. I immediately bought the Kotak Bike Insurance Policy and am very happy about it.
Read More

By Sudhir Tripathi
On: September 4, 2023
Total Peace of Mind
InsuranceDekho's Comprehensive Coverage for Kotak Bike Insurance Policy provides me with total peace of mind. I know that my Kawasaki bike is protected against a wide range of risks, making my driving experience worry-free.
Read More
P
By Pritish Puri
On: August 28, 2023
Accurate Policy Information on...
InsuranceDekho provided accurate policy information during the renewal of my Kotak Bike Insurance Policy for my Avan bike, giving me confidence in my decision to continue with them.
Read More

By Lokesh Gupta
On: August 24, 2023
User-Friendly Own damage purch...
The policy purchase and renewal process for own damage coverage on InsuranceDekho's Kotak Bike Insurance Policy for my Suzuki bike was user-friendly and hassle-free.
Read More
S
By Shalin Khan
On: August 23, 2023
Prompt Renewal Reminders for P...
InsuranceDekho sent me timely renewal reminders for my Kotak Bike Insurance Policy, ensuring I never missed the deadline. It provided me with peace of mind knowing my Ampere bike was continuously insured.
Read More
C
By Chandar Prashar
On: August 10, 2023
No-Claim Bonus Benefit
I appreciated that InsuranceDekho's own damage policy for my Bajaj bike rewarded me with a no-claim bonus for claim-free years. It incentivizes safe driving and offers a discount on the premium of my Kotak Bike Insurance Policy.
Read More
S
By Surya Singhania
On: August 9, 2023
Worth Every Penny
The extra cost for zero depreciation coverage is worth every penny. The Kotak Bike Insurance Policy saved me from potential financial burdens in case of accidents of my KTM bike, making it an essential add-on to any bike insurance policy.
Read More

By Rahul Shenoy
On: August 7, 2023
Comprehensive Coverage with Ad...
The Kotak Bike Insurance Policy comprehensive policy at InsuranceDekho comes with valuable add-ons that enhance the coverage for my Kawasaki bike even further. It's a complete package for bike protection.
Read More
R
By Ritik Jaiswal
On: July 31, 2023
Wide Network of Trusted Garage...
I was impressed by the extensive network of cashless garages that InsuranceDekho offered with the Kotak Bike Insurance Policy. It gave me peace of mind knowing there was a reliable garage nearby for any emergency for my Kawasaki bike.
Read More
D
By Dirender Srivastav
On: July 25, 2023
Trustworthy Renewal Experience...
InsuranceDekho provided a trustworthy renewal experience for my Kotak Bike Insurance Policy for my TVS. Their attention to detail and commitment to customer satisfaction earned my trust.
Read More
D
By Dilpreet Saini
On: July 21, 2023
Timely Updates
Throughout the own damage claim process for my Bajaj bike, InsuranceDekho provided timely updates on the status of my claim for the Kotak Bike Insurance Policy. I was always aware of the progress being made, which was reassuring.
Read More
B
By Bhupesh Rana
On: July 20, 2023
Affordable and Reliable
I chose InsuranceDekho's Zero Dep car insurance policy because it offered great coverage at an affordable price. The Kotak Bike Insurance Policy has proven to be reliable, and the zero depreciation benefit has saved me from significant out-of-pocket expenses for my Vespa bike. I'm impressed with their service.
Read More
M
By Mridul Kakkar
On: July 18, 2023
Flexible and Customizable Opti...
The premium calculator offered by InsuranceDekho allows for flexible and customizable options. I can easily modify coverage parameters and instantly see how they affect the premium of the Kotak Bike Insurance Policy for my Honda bike. This flexibility helps me tailor the policy to my specific needs.
Read More
G
By Gurmeet Singh
On: July 14, 2023
Cost-Effective Option
InsuranceDekho's third-party policy offered a cost-effective option for my Suzuki car insurance. The Kotak Bike Insurance Policy provided the necessary coverage while being affordable for my budget.
Read More

By Prakshal Shah
On: July 12, 2023
Transparent Policy Terms and C...
I found InsuranceDekho's comprehensive car insurance policy to have transparent terms and conditions. They clearly outlined the coverage, exclusions, and renewal conditions, helping me make an informed decision to purchase the Kotak Bike Insurance Policy for my Jawa bike.
Read More
A
By Annirudh Shah
On: July 11, 2023
Transparent Communication
InsuranceDekho maintained transparent communication throughout the claims process for my Kotak Bike Insurance Policy for my Suzuki bike. They kept me informed about the progress of my claim and provided updates on the estimated settlement amount, giving me clarity and peace of mind.
Read More
H
By Harshiv Kohli
On: July 7, 2023
Reliable Estimates for Budget ...
At InsuranceDekho, the premium calculator provided reliable estimates for budget planning. It accurately projected the premium for the Kotak Bike Insurance Policy, allowing me to incorporate it into my financial planning for my Mahindra bike. The reliability of the estimates helped me assess the affordability of the policy and make informed decisions about my insurance coverage.
Read More
P
By Piyush Sharma
On: July 5, 2023
Coverage for Accidental Damage...
I recently experienced accidental damage to my car, and I must say that my Kotak Bike Insurance Policy's own damage coverage exceeded my expectations. The policy provided comprehensive coverage for the damages to my Kawasaki bike, including repair costs, replacement parts, and even towing services. InsuranceDekho was quick to assess the damage and promptly reimbursed the expenses. I am highly satisfied with the level of coverage offered.
Read More
D
By Dheeraj Acharya
On: June 30, 2023
No Surprises
I was very happy with the zero depreciation Kotak Bike Insurance Policy that I chose from InsuranceDekho for my SWM bike. There were no surprises and I knew exactly what I was getting. I would definitely recommend this company to others.
Read More
S
By Subrahmanya Rao
On: June 28, 2023
Quality Repairs
I was very happy with the quality of the repairs that were done at the cashless garage. My Mahindra bike looks like new and I'm confident that it will last for many years to come. So glad that I took the decision to update this benefit along the Kotak Bike Insurance Policy from InsuranceDekho.
Read More
S
By Sirish Bhandari
On: June 26, 2023
Comprehensive Coverage Tailore...
The comprehensive coverage offered by the Kotak Bike Insurance Policy is customizable to meet my specific needs for my Royal Enfield bike. I can select the level of coverage and add-ons that align with my requirements, ensuring comprehensive protection tailored to my preferences. Happy to have secured my bike from InsuranceDekho under this amazing policy.
Read More
A
By Amrit Pal
On: June 22, 2023

Kotak Reviews

Kotak Mahindra Bike Insurance FAQs

Why do I need to have two-wheeler insurance?
As per the Indian Motor Tariff, it is mandatory for all two-wheeler owners to have at least a third party insurance for their vehicle. Though comprehensive insurance is not mandatory, it is recommended to purchase one as it provides extensive coverage - coverage for own-damages sustained by insured’s two-wheeler in addition to incurred third party liabilities.
What is the tenure of Kotak Mahindra two-wheeler insurance policy?
One can opt for short term insurance of 1 year or a long term of 3 or 5 years. However, as per the regulations of IRDA, a new two-wheeler owner is compulsorily required to have third party insurance for 5 years. One can purchase comprehensive insurance for a tenure of 1 year, 3 year or 5 years as per his/her requirements.
What are the benefits of Kotak Mahindra two-wheeler insurance policy?
Kotak Mahindra two-wheeler insurance provides a quick and hassle-free claim settlement with their prompt customer assistance. As Kotak Mahindra has a well developed digital infrastructure, one can opt for paperless renewal without stepping out of their house.
What is the coverage amount for the third party under Kotak Mahindra two-wheeler insurance policy?
Kotak Mahindra third party two-wheeler insurance policy provides compensation up to Rs. 7.5 lakh for property damage. In case of death or bodily injuries of a third party, the amount of compensation is decided by a court of law.
What is IDV? How to calculate it?
The Insured Declared Value (IDV) refers to the maximum amount one can claim from the insurer in case of theft or total loss of the two-wheeler. This amount is calculated after the calculation of the depreciation of the vehicle. However, IDV is calculated separately if any modification of the vehicle is done.

IDV is calculated using the following formula:

IDV = (Manufacturer’s listing price - Depreciation) + (Accessories or extra fittings if any - Depreciation)

FAQ

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Disclaimer

This article is issued in general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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