Kotak Third Party Bike Insurance

Kotak General Insurance has been successfully providing protection to thousands of people against unforeseen incidents of life. Kotak third party bike insurance policy helps you in fulfilling the mandatory requirements of the law and keeps you protected against third party liabilities as well. With the Kotak third party bike insurance, the policyholders can avoid the expense of any damage to the third party caused by the insured’s bike.

With the online portal, Kotak General Insurance has tried to enhance the experience of its policyholders. It has set up an active help desk service to provide assistance to its policyholders. Kotak third party bike insurance covers the legal and financial liabilities towards the third party.

Kotak Third Party Bike Insurance vs Comprehensive Bike Insurance

The Kotak third party bike insurance policy provides coverage for the following:

• Financial and Legal Liabilities of a Third Party: A third party insurance policy helps the policyholder by taking care of financial and legal assistance in case of property damage of the third party that may occur due to an accident or any other mishap involving the insured two-wheeler. Compensation shall be provided to the third party for the property damage caused in an accident involving the insured vehicle.
• Bodily Injuries of the Third Party: Third-party insurance policy provides coverage for any bodily injuries or disability caused by bodily injuries during an accident or any other mishap. Compensation shall be provided to the third party in case he/she suffers any bodily injuries/disability caused by the injury during an accident or any other mishap.
• The demise of the Third Party: This type of two-wheeler insurance policy provides financial and legal assistance to the policyholder in case of an unfortunate demise of the third party during an accident involving the insured vehicle.

What All Is Not Covered Under Kotak Third-Party Bike Insurance Plan?

The third-party insurance cover gives coverage only for a few situations. Here are some conditions that are not covered under the third party bike insurance policy:

• Damage to the insured two-wheeler caused during an accident or any other unforeseen event.
• Damage to the insured two-wheeler while driving the vehicle without a valid license.
• Damage caused to the insured two-wheeler while driving the vehicle under the influence of drugs, alcohol or other intoxicants.

Key Benefits of Purchasing Kotak Third-Party Bike Insurance

A third party insurance policy is compulsory for every individual who owns a two-wheeler while driving the vehicle in India, as this policy provides basic coverage and can be very useful in difficult times. Mention below are some benefits of purchasing a Kotak Third Party insurance policy:

1. Economic: A two-wheeler third party insurance policy is considered the simplest type of insurance cover for a two-wheeler. Since this type of two-wheeler insurance policy provides basic and limited coverage, these policies are quite affordable. Premiums for such two-wheeler insurance policies are pocket friendly.

2. Financial and Legal Security: The main objective of purchasing a third party insurance policy for your two-wheeler is to ensure financial and legal security in the times of crisis. This type of two-wheeler insurance policy provides protection against third party liabilities such as injuries, demise, disability and property damage of the third party that may occur during an accident or any other mishap.

3. Gives a Sense of Peace of Mind: A two-wheeler third party insurance gives a sense of peace of mind to the policyholder as this policy provides financial and legal assistance to the policyholder in case of any third party liabilities that may arise during an accident or any other mishap involving the insured two-wheeler. Since a third party insurance policy is mandatory according to the Motor Vehicles Act, you drive your two-wheeler legally.