Kotak Mahindra Bike Insurance Review : Types, Highlights, Discounts
In today’s post, we will get complete information about Kotak Mahindra Bike Insurance. If you are looking for bike cover for yourself, then you should definitely take a look at Kotak Mahindra Bike cover.
Contents in this Post
Kotak Mahindra Bike Insurance Review
Friends, Kotak Mahindra Bank is considered to be a well-known and very big bank of the private sector. In such a situation, different types of cover are also given by this company.
One of these is Kotak Mahindra Bike Insurance or Kotak Mahindra Two Wheeler Insurance. If you take cover for your vehicle from this company, then you also get to see a variety of features and discounts.
Which you will get to know in today’s post. If we talk about the history of this company, then this company was started in 2014 in the month of December, but this company was given IRDA certificate 2015 in April.
Since then this company has become a well-known bike cover company, and in today’s time thousands of people trust this company and prefer to get their bike insured from this company.
Also read : Navi Bike Insurance Review
Highlights
We all know that Kotak Mahindra Bank or Kotak Mahindra Company has become a well-known and very big company today.
If you take insurance for your vehicle from this company, then you should also know some of its special highlights first. We have told about some special highlights of this company through a chart below-
| Highlights | |
| Network Garages | 1,300+ |
| Claim Settlement Ratio | 82.81% in FY20 |
| Emergency Assistance | Available 24/7 |
| Policies Issued | 18 lakh+ |
| Claim Process | Digitally Enabled |
| Third Party Cover | Available |
Types of Kotak Mahindra Two Wheeler Insurance
If we talk about the two wheeler cover coming by this company, then this company provides two types of insurance to its customers.
Out of which Third Party Liability Insurance and Comprehensive cover are the main ones. These two are discussed in detail below-
Third Party Liability Cover
Friends, like any other company in these companies, it gives third party liability cover. If you do not know, what is Third Party Liability Cover?
Then let us tell you that if you get into an accident while driving, then whose accident has happened, that is, the third person will be covered by this company. If you want to drive your vehicle on the roads of our country, then you must have at least one third party liability insurance.
Comprehensive insurance
This company also provides us with comprehensive cover . In which along with third parties, you are also given a comprehensive cover for your vehicle.
Which you will also be able to add other add on covers. In comprehensive insurance, you also get protection cover against any type of natural disaster.
Features of Kotak Mahindra Two Wheeler Insurance
Friends, if you are looking to take insurance for your car from this company, then you must know some special features of this company. Which we have mentioned below-
- Roadside assistance
- Consumable cover
- Zero depreciation cover
- Engine protection
- NCB Protector
Kotak Mahindra Inclusion and Exclusion
While taking insurance of any company, you need to be aware of the inclusions and exclusions of that company. So that you don’t have any regrets later. We have listed the inclusions and exclusions of this company below-
Inclusion
1. This company gives you cover from any type of fire explosion or lightning or selfie ignition.
2. Even if your car is stolen, these companies give you cover for it.
3. If your vehicle is affected or damaged by any type of earthquake, flood, hurricane, typhoon, hailstone, cyclone etc., then you will be covered for that as well.
4. If your vehicle gets into an accident while driving, and gets damaged. Then you are informed about that too.
Exclusion
1. If any type of tire or tube damage gets done in your vehicle, then this company will not be responsible for it.
2. If you drive a vehicle under the influence of any kind of intoxicant like alcohol, and you get into an accident. Even then this company will not give you any kind of claim.
3. If you do not have a valid driving license and you get into an accident while driving, even then this company will not be responsible at that time.
4. If you happen to be in an accident or damage your vehicle while driving outside the geographical area covered by your insurance, this company will not be responsible for that.
Discount Offer by Kotak Mahindra Two Wheeler Insurance
Friends, like other companies in these companies, also give many discounts. In which the No Claim Bonus is the main one.
What if you don’t know what a No Claim Bonus is? Then let us tell you that if you had taken any type of insurance from this company last year, for which you did not claim any, then you will get a 20% discount on your premium next year.
This exemption can go up to 50% for the next 5 years. For more details see the chart given below carefully-
| 1 Claim-Free Year | 20% |
| 2 Claim-Free Year | 25% |
| 3 Claim-Free Year | 35% |
| 4 Claim-Free Year | 45% |
| 5 Claim-Free Year | 50% |
Conclusion
In today’s time, it is very important to have a valid insurance paper along with other documents of the bike while riding a bike.
This will not only save you from the Police Challan, but will also give you cover for accidents or vehicle damage. And if we talk about Kotak Mahindra Bike Insurance, then this company is considered very good for its cover.
Although the premiums of this company are a bit expensive, if you take your premium from this company, then you will not face any problem in making any kind of claim.
In today’s post, you got information about Kotak Mahindra Bike Insurance. Hope you liked this post of ours today. And choosing a good bike cover for yourself helped.
