Kotak Motor Insurance

A comprehensive motor insurance plan for your vehicles.

Get motor insurance that fits your needs & Budget

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Get motor insurance that fits your needs & Budget

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Instant policy with zero paper-work

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Quick and hassle-free claim process

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4/5

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We take your safety seriously

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4000+

Cashless Garages

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Jet-Speed

Claims

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Upto 50%

No Claim Bonus

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99%

Claim Settlement Ratio

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24/7

Around the clock Assistance

* The above data is till 31st March, 2023

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Premium FeaturesComprehensive Plan

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Own Damage Plan
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Cashless repairs

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No claim bonus up to 50%

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Coverage to electrical/non-electrical accessories

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Coverage to bi-fuel systems

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Damage to third party property

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Third party’s death or injury

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Zero Depreciation cover add-on inbuilt

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Extra coverage with optional add-ons

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Standard Features
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Car damage

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Theft coverage

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Personal accident cover

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Car damage due to natural disasters

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Car damage due to man-made calamities eg: riots

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Car damage due to fire

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Kotak Motor Insurance

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Supreme Offerings

Awesome covers,added security awaits you

Amazing thingsAwait in your policy

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Electrical accessories

Insuring your vehicle’s every need and providing comprehensive plan that covers all electrical/non-electrical accessories.

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Fire

Don’t let fire damage to your car ruin your life. Stay protected against any loss and get compensated for damages caused by fire.

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Self ignition

Get compensated for losses incurred from combustion that occurs without the use of an external heat source.

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Natural disasters

When disaster strike, we’ve got you covered. Get protected from the effects or damages due to natural disasters.

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Personal accident

Get comprehensive coverage to protect yourself and your loved ones from unpredictable events such as accidents.

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Explosion

Keeping your property safe & covered from the damages caused by rapid nuclear or chemical reactions.

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Wear, tear & general aging of vehicle

We do not cover any damages due to normal wear and tear and general aging of the vehicle

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Depreciation or consequential losses

Our coverage does not include depreciation or consequential losses (unless they are separately covered by add-ons).

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Vehicle used otherwise

We do not cover any damage caused by the vehicle being driven otherwise than in accordance with the limitations on its use.

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Mechanical/Electrical breakdown

Any damage or loss that occurred due to mechanical or electrical breakdown is not covered by us.

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Any contractual liability

You are not covered under our insurance policy for any contractual liability if you are found to be responsible for the damages.

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Influence of drugs or liquor

We do not cover damage to/by a person who is driving under the influence of drugs or alcohol.

Generous Benefits

We say,
Why settle for less!image

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In case of a breakdown, we’ve got you covered with towing, repairs and more when you need it most.

Generous Benefits

We say,

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Road side assistance
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In case of a breakdown, we’ve got you covered with towing,repairs and more when you need it most.

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The perfect coverage for your dream car

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For entry segment vehicles
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For premium vehicles
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For luxury vehicles

The perfect coverage for your dream car

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For entry segment vehicles

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For premium vehicles

Kotak Motor Insurance
Reviews & Ratings

Look what they have to say

Kotak Motor Insurance
Reviews & Ratings

Look what they have to say

We are very happy if you are satisfied with our service and products. Let's read pure reviews from customers who bought our products.

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Car Insurance

Entire process starting from claim registration to the completion was very speedy and smooth. After claim registration I did not need to talk or remind the company. It was my first experience of its kind which I felt wonderful. Thanks Kotak General Insurance!

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Bike Insurance

It was a smooth experience. Will surely recommend my friends for Kotak. Thank you it was a good experience.

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Car Insurance

The overall process was very smooth and professional. Minimal documentation and process. Liked the Professionalism and proactiveness of the employees in Kotak. Thanks for the support.

Need Help? Head over to our learning centre

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    Important Traffic Rules To Follow To Ensure Safety While Driving

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    Questions Regarding Motor Insurance Policies

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    What is Anti Theft Device and its Impact on Car Insurance Premium

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Motor Insurance

So, Stay Informed about Motor Insurance

What is Motor Insurance?

Motor insurance is an insurance policy that protects vehicle owners from incurring any financial losses that may have arisen due to damages caused to their vehicle. The damages caused to the vehicle could be due to accidents, theft, or any natural or man-made calamity. A motor insurance policy provides coverage to all types of vehicles, whether a private car, two-wheeler, or any commercial vehicle.

Having a motor insurance policy becomes necessary for every vehicle on the road to avoid any financial setbacks due to the damages caused to the vehicle. The insurance company agrees to pay the repairing cost of the damages to your vehicle in return for the regular premium paid towards the motor insurance policy. In case of total loss such as theft or a situation where the damage to your vehicle is beyond repair, the insurance provider pays the entire assured sum of the car.

Motor insurance policy that includes third party liability also pays for any damages caused by your vehicle to the third-party person or property.

Types:


Types of Motor insurance policies by Kotak


Car insurance:

This type of motor insurance covers the cost of damage that occurred to a car owned by an individual. Our comprehensive motor insurance plan for a private car, Kotak Car Secure, is designed to provide extensive coverage to private cars for both own damage and third-party liability.

Two-wheeler insurance:

This type of motor insurance is applicable for all two-wheelers, such as bikes and scooters. Our comprehensive Long Term Two-Wheeler Policy provides coverage for third party liability and own damage insurance for two-wheelers along with Personal Assistance cover for the driver-owner.

Passenger carrying vehicle insurance:

Passenger carrying vehicle insurance covers commercial vehicles that transport passengers from one place to another. Our motor insurance policy for passenger-carrying vehicles provides coverage for own damage, third party liability insurance, and personal accident cover to all the passengers if the passengers are limited to the carrying capacity.

Goods carrying vehicle insurance:

This type of motor insurance policy covers any damages to vehicles that are used for the transportation of goods. Our Kotak Commercial Vehicle Secure is a comprehensive truck insurance plan that provides complete protection to your vehicle and third-party liability. It ensures coverage to all electrical, non-electrical accessories, and bi-fuel systems of the vehicle.

Miscellaneous vehicle insurance:

Miscellaneous vehicle insurance is a type of motor insurance for all other commercial vehicles such as tractors, construction vehicles, etc. Our miscellaneous vehicle insurance plan covers everything from tractors and excavators to shovels, grabs, mobile rigs, and more.

Features:


Key Features of Kotak Motor Insurance

Kotak Motor insurance caters to your needs by providing top-notch features that give you benefits in multiple ways throughout your Motor insurance journey.

Cashless Servicing:

Wherever your long drives take you, our extended network of garages will allow you to enjoy hassle-free cashless service across the country.

NCB Discounts & Entitlements:

Are you worried about losing your No Claim Bonus (NCB) if you switch your insurance policy? There is no need to worry, as you can retain your NCB benefits (as per your expiring policy) when you choose to shift your insurance policy from another insurer to Kotak General Insurance.

Premium Discounts:

Get an additional discount (as per the tariff) on your premium when you opt for Voluntary Deductible in addition to Compulsory Deductible.

AAI Members Discount:

If you're an active member of a recognized Automobile Association of India (AAI), you can enjoy an additional discount on your insurance premiums.

Optional Covers


Optional Covers of Kotak Motor Insurance

By selecting your top choices from the available range of optional covers, you have an opportunity to build a motor insurance policy that caters to your personal needs. For extended protection and to secure your vehicle under dynamic circumstances, you can choose from any of the given additional covers.

1. Depreciation Cover

Secure the depreciation value of your motor in case of total loss with our depreciation cover. With this cover, you can claim the maximum amount of your vehicle without any deduction for depreciation.

2. Consumables Cover

With consumables cover, you get compensated for the replacement of consumable items like lubricants, engine oil, brake oil, power steering oil, AC gas, nuts, bolts, grease, etc. This cover saves you from having to pay out of your own pocket for these consumables.

3. Engine Protect

Your vehicle’s engine is in a state of constant wear and tear and, hence, it is subject to damage. With an engine protect cover, you can get compensated for consequential losses caused to the vehicle's engine or/and its parts due to incidents like water ingression, leakage of lubricant oil, etc.

4. Return to Invoice

In case of a total loss of your vehicle due to theft or accident, you can get compensated with the insured declared value (IDV) of the car with the help of the Return to Invoice add-on. This add-on cover is not applicable for transfer of ownership cases.

5. Tyre Protection Cover

Your vehicle’s tyres are exposed to incessant struggles as they bear the weight of the vehicle while at the same time surviving the bad road conditions. Hence, it is vulnerable to suffering damage. Using tyre protection cover, you can get compensated for the repair, replacement, as well as labour charges incurred. This cover is valid upto 1.5 years only with tyre serial number.

6. Daily Car Allowance

When your vehicle is under repair for more than two days, you can continue with your customary work and chores using the add-on cover of daily car allowance.

7. Loss of Personal Belonging

There are chances that in the case of accidents, it’s not just your vehicle that faces damage but also personal belongings that were inside the vehicle. With this protection cover, you can be compensated for the loss of personal belongings as per the IDV of your policy.

8. Roadside Assistance

With our 24*7 roadside assistance, you can protect your vehicle from unexpected on-the-road inconveniences. This cover provides you with backup under the following circumstances.

  • Towing due to an accident or breakdown
  • Battery jump start
  • Arrangement/Supply of fuel
  • Emptying of the fuel tank
  • Flat tyre(s)
  • Breakdown support over the phone
  • Taxi benefits
  • Arrangement of keys
  • Message relay
  • Minor repairs

Exclusions


Waiting Period/Exclusions for Kotak Motor Insurance

We at Kotak General Insurance believe in a transparent claims process. Here’s a list of exclusions that are not covered under this Policy.

  • Normal wear and tear and general ageing of the vehicle.
  • Depreciation or any consequential loss
  • Damage to/by a person driving any vehicles or cars without a valid license
  • Damage to/by a person driving the vehicle under the influence of drugs or liquor
  • Mechanical/electrical breakdown
  • Loss/damage due to war, mutiny or nuclear risk
  • Vehicles including cars being used otherwise than in accordance with limitations as to use
  • Wear and tear of consumables like tyres and tubes unless the vehicle is damaged at the same time, in which case the liability of the company shall be limited to 50% of the cost of replacement.

Why choose Kotak for Motor Insurance

As per Motor Vehicles Act, 1988 having a third-party vehicle insurance is mandatory for all vehicles plying on Indian roads. Having an own damage insurance is necessary to protect your vehicle from any damages or any unforeseen incidents. Under any unforeseen circumstances,

  • Enjoy enhanced protection with Kotak Motor Insurance to compensate for both first-party and third-party damage
  • You can rely on our around-the-clock assistance for any minor or major situation
  • Get the benefit of a maximum of 50% No Bonus Claim
  • Get access to Kotak’s 4000+ cashless garage network across India

Key Benefits of Kotak Motor Insurance

DAMAGE COVER

We provide cover for the partial or complete damages to your vehicle caused by any natural calamities (such as; fire, explosion, self-ignition/lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide, etc.) or man-made calamities (such as; burglary, theft, riot, strike, malicious act, accidental external means, terrorist activity, damage in transit by road, rail, inland waterway, lift elevator or air, etc.)

PERSONAL ACCIDENT COVER

The Personal Accident Covers you in case of any injury caused while driving, mounting into, dismounting from, or travelling as a co-driver in the insured vehicle. If any such event happens, the Kotak Motor Insurance has you covered. This protection is also extended to passengers travelling in the vehicle, if the number of passengers is limited to the carrying capacity of the vehicle, excluding the driver.

THIRD-PARTY LEGAL LIABILITY

To keep everybody safe, Kotak Motor Insurance provides cover for any damage to third-party property and third-party bodily injury (including death) caused by an accident involving the insured vehicle

COMPREHENSIVE COVER

Your vehicle needs extensive protection that covers damage caused to you as well as the third-party. Hence, Kotak Motor Insurance covers all electrical and non-electrical accessories as well as the bi-fuel systems of the vehicle in its four-wheeler & two-wheeler insurance cover. You can extend the range of your protection by buying add-on coverage at extra premium rates.

ENHANCED PROTECTION

For better coverage, you can choose to enhance your policy by choosing from our range of add-ons that are available for an additional premium.

THE KOTAK EDGE

When it comes to keeping your money and your life safe and secure, it pays to go with a reputed company. The Kotak Group has an illustrious history that spans over 3 decades and is one of the most trusted brands in the country. With Kotak Motor Insurance, your vehicle is in safe hand.

NO CLAIM BONUS

Based on your previous claim history, you are eligible for an attractive No Claim Bonus (NCB). The amount of NCB increases progressively with each claim-free year up to a maximum of 50%. If you do not make any claims in the preceding year or years, you are entitled to an NCB on the Own Damage (OD) section of the policy based on the following table:

(Applicable for one-year policies only)


Period of Insurance% of NCB on OD Premium
The preceding year20%
Preceding 2 consecutive years25%
Preceding 3 consecutive years35%
Preceding 4 consecutive years45%
Preceding 5 consecutive years50%

Register a Claim/Claim Process for Kotak Motor Insurance

Keeping your vehicle safe and secure is important. That’s why we’ve created Kotak Motor Insurance, a comprehensive insurance plan that is your friend on the road.

Cashless Claim Process

Step 1:

Call us on 1 800 266 4545 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.

Step 2:

Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.

Step 3:

You will be required to submit the relevant documents, which may include your Driving License, RC Copy, and Policy FIR Copy, in accordance with the Policy terms and conditions.

Step 4:

We will arrange for an inspection to be conducted within 24 hours if a claim is reported on a working day, and on the next working day if the claim is reported on a Sunday or a public holiday

Step 5:

On cashless facility confirmation, the vehicle can be repaired at a preferred network garage, and the payment will be made directly to the garage

Step 6:

You will only be required to pay the deductible as mentioned in the policy, and the depreciation value, salvage, etc., as informed by the surveyor.

Reimbursement Process

Step 1:

Call us on 1 800 266 4545 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.

Step 2:

Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.

Step 3:

You will be required to submit the relevant documents, which may include your Driving License, RC Copy, and Policy FIR Copy, in accordance with the Policy terms and conditions.

Step 4:

An arrangement will be made by us for an inspection, it will be conducted within 24 hours if a claim is reported on a working day, or the next working day if the claim is reported on a Sunday or a public holiday.

Step 5:

The vehicle can then be repaired by the insurer followed by the payment for the same by the insurer.

Step 6:

Submit all bills, payment receipt along with your policy details to us, and we will make the payment within 7 working days of completion of the documentation

Motor Insurance - Frequently Asked Questions

A motor insurance policy or vehicle insurance is an insurance policy that covers four-wheelers, two-wheelers, and commercial vehicles against any damages arising due to accident, theft, or natural or man-made calamities.

Here are the different types of Motor insurance coverages:

  • Third-Party Liability Only Cover:

    Under this type of car insurance coverage, Cost of repairs/replacement of the damaged vehicle of third parties, cost of hospitalization and treatment of third parties, liabilities arising out of death of third parties are covered

  • Own Damage (OD) Cover

    Under this cover cost of repairs to your vehicle that has been damaged is reimbursed according to the Insured Declared Value fixed at the time of policy purchase less accumulated depreciation.

  • Personal Accident Cover

    Medical expenses of the owner-driver of the car arising due to an accident is covered under this coverage

  • Comprehensive Car Insurance:

    This coverage provides an all-round protection to your vehicle as it includes cover for liability towards third party, damage to your own vehicle and personal accident cover.

Here are the inclusions of the Motor insurance policy:

  • Loss or damage of vehicle due to natural disasters such as earthquake, fire, storm, etc.
  • Loss or damage of vehicle due to any man-made disaster such as strike, riot, vandalism, etc.
  • Loss or damage due to any accidents
  • Loss of vehicle due to theft

Here are the exclusions of the Motor Insurance policy:

  • Damage due to wear and tear
  • Damage due to ageing of vehicle or depreciation
  • Damages caused due to vehicles being used for purposes other than mentioned in the policy document
  • Loss or damage due to driving under the influence of drug or alcohol
  • Damage caused due to mechanical breakdown

IDV (Insured Declared Value) in Motor Insurance is the maximum amount that the insurer agrees to pay the owner on complete loss of the vehicle due to theft or damage beyond repair.

A No Claim Bonus or NCB is the reward given by the insurance companies on the insurance premium at the time of motor insurance policy renewal for not raising any claim during the policy tenure. The No Claim Bonus percentage for every year is given as below:

Age of PolicyNo Claim Bonus Percentage
After 1st year20%
After 2nd year25%
After 3rd year35%
After 4th year45%
After 5th year50%

To initiate the process of Motor insurance claim, you will need the following documents:

  • Registration Certificate of the Vehicle
  • Driving License
  • A valid identity proof
  • Copy of FIR
  • A filled-in claim intimation form

Only the registered owner who holds a valid driving license is entitled to the personal accident cover of the Motor insurance policy. The Personal accident cover is not applicable for vehicles owned by corporate, companies, or any partnership firm. For someone who owns more than one vehicle, the Personal accident insurance cover is valid for only one motor insurance policy.

There are two types of changes that can be done in a motor insurance policy:

  • Non-monetary changes: This includes correcting the vehicle owner's name, address, or contact details. These changes do not require the policyholder to pay any extra premium.

  • Monetary changes: These changes may increase the premium amount, such as addition made in the CNG kit, installing any widgets, etc.

The motor insurance policy is valid for a period of 1 year from the date of purchase or the date of renewal. The policy renewal needs to be done before the policy period ends to ensure coverage of the vehicle at all times and not undergo the process of inspection again. Moreover, to retain the NCB (No Claim Bonus), one must renew the motor insurance before the policy period ends.

  • The primary reason to have a Motor insurance policy is to get adequate coverage. So, try buying a comprehensive insurance policy that provides both own damage insurance and third-party liability insurance.
  • Look for Cashless Garage Network to avoid paying from pocket.
  • Choose deductibles you are comfortable paying, as you would have to bear this amount at the time of the Motor Insurance claim.
  • Choose a motor insurance policy online with an online renewal policy and online claim settlement process.

Higher Motor insurance coverage means a higher premium. To adjust the coverage and the premium amount, take the following steps:

  • Avoid buying all the add-ons except the ones that you need the most
  • Avoid raising small claims as this will affect your No Claim Bonus. No claim bonus helps in reducing the premium amount.
  • Install anti-theft devices in your vehicle
  • Raise your deductibles to pay a lesser premium
  • If you buy a new car, transfer your NCB to the new car

Applying for Motor insurance online helps you with the following factors:

  • Reduces your paperwork to a minimum
  • You can check the credibility of the insurer and buy a genuine motor insurance
  • The process of applying for Motor insurance online is convenient and quick

While making a motor insurance claim, you will just have to pay the deductibles that you have opted for during the purchase or renewal of the motor insurance policy.

You can save money on your comprehensive motor insurance by reducing the premium amount. Here are a few tips to reduce the motor insurance premium

  • Try avoiding small claims
  • Add the add-ons according to your needs
  • Install anti-theft devices in your vehicle
  • Choose a higher voluntary deductible
  • Do not opt for too many modifications in your vehicle
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"Always by your side. Keeping you safe"