Kotak Comprehensive Two-Wheeler Insurance Policy
Kotak General Insurance is a fast-growing insurance company that has supported its policyholders during the risks of life. Kotak comprehensive bike insurance helps to cope up with the liabilities arising from accident, damage or theft of the insured’s bike. It takes care of the third party liabilities as well as the damage incurred by the insured’s bike. It provides financial security and peace of mind.
Kotak Comprehensive Bike Insurance vs Third Party Bike Insurance
Comprehensive Bike insurance
Third Party Bike insurance
It provides coverage for the financial liabilities to the “Third Party” as well as “Own Damage” of the insured’s bike.
Third party bike insurance policy provides coverage only for the third party liabilities incurred due to the insured’s bike.
Comprehensive bike insurance comes with a variety of add-on covers. The policyholders can choose add-ons as per his preference.
Third party insurance does not offer any add-on cover.
The comprehensive policy is relatively expensive as it provides extensive coverage to the policyholders.
The third party policy is cost-effective due to its limited coverage.
What All is Covered Under Kotak Comprehensive Bike Insurance Plan?
Kotak comprehensive bike insurance provides coverage for the following aspects.
- Third party liabilities: The insurer provides assistance to deal with financial and legal obligations towards the third party in case of any damage, loss or injury of the third party in a road mishap involving the insured’s bike. The insurer provides compensation which is decided as per a court of law.
- Own damage caused by natural calamities: The insurer covers the damage of the insured’s bike caused due to any natural calamities such as flood, earthquake, landslide etc.
- Own damage caused by man-made disasters: Any damage to the insured’s bike in man-made disasters such as riot, strike, fire, terrorist activities etc. is covered under Kotak comprehensive bike insurance.
- Theft: The insurer covers theft or burglary of the insured’s bike.
What All Is Not Covered Under Kotak Comprehensive Bike Insurance?
Kotak comprehensive bike insurance policy does not provide coverage for the following.
- Normal wear and tear
- Mechanical or electrical breakdown
- Damage caused due to contractual liability
- In case of absence of a valid licence while driving
- Driving under the influence of alcohol or intoxicating drugs.
- In case of willful negligence
- For any damage incurred during war, nuclear risk, mutiny rebellion or any such situation
Benefits of Kotak Comprehensive Bike Insurance
Kotak comprehensive bike insurance provides several benefits to the policyholders which are discussed below.
- The insurer takes care of third party liability and own damage expense on behalf of the policyholder
- Ease of purchase of policy through online portal
- A wide range of add-on options ensuring extensive coverage
- It provides repair and replacement service in the network garages spread all over India.
- Dedicated customer assistance
- Quick and easy claim settlement process
Kotak Bike Insurance User Reviews
Kotak Comprehensive Bike Insurance FAQs
What are deductibles?
Deductibles are the amount that the policyholder had agreed to pay at the time of claim settlement. Deductibles are deducted from the claim amount at the time of claim settlement.
What are the add-on covers offered under Kotak Comprehensive bike insurance policy?
The following add-on covers are offered under Kotak comprehensive bike insurance policy.
- Roadside Assistance
- Consumables cover
- Zero Depreciation cover
- Engine Protect
- NCB Protector
What are the documents required to purchase Kotak comprehensive bike insurance policy?
The following documents are required to purchase a Kotak comprehensive bike insurance policy.
- Valid Photo ID Proof of the applicant such as Passport, Voter ID, Aadhaar card, PAN card etc.
- Valid Address Proof such as Passport, Utility bills etc.
- Copy of valid driving license
- Vehicle registration number and RC certificate
How can I purchase a Kotak comprehensive bike insurance policy?
You can purchase Kotak comprehensive bike insurance policy in the following ways.
- Through its official website
- By calling on its toll-free number 1800 266 4545
- By visiting the nearest branch.
What are the available tenure options for Kotak comprehensive bike insurance plan?
You can choose a tenure of 1, 2 or 3 years for Kotak comprehensive bike insurance plan as per your preference.