Electric Car Insurance

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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

We take your safety seriously

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4200+

Cashless Garages

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Jet-Speed

Claims

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Upto 50%

No Claim Bonus

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98.31%

Claim Settlement Ratio

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24/7

Around The Clock Assistance

Note: The above data is till 1st April, 2024

What is Electric Car Insurance?

With the world going green to protect the environment, electric cars have become need of an hour. They are the future of four-wheelers as they save fuel costs and also keep the environment clean. Today, electric cars have become popular as many people are opting for these environment-friendly vehicles. However, before driving a vehicle on Indian roads, just like any other car, there is a mandatory requirement for car insurance for electric vehicle too.

The Motor Vehicles Act of 1988 requires every electric car to carry valid electric car insurance coverage when driving on Indian roads. Just like a driving license is necessary, so is car insurance for every car owner.

Similar to the car insurance policy for petrol and diesel cars, the EV car insurance policy offers financial protection to your vehicle against liabilities such as accidental damage, fire, natural calamities, riots, theft of the insured vehicle and third-party injuries or damages to their property. For instance, if you are involved in an accident, and your car causes physical injury to another individual, you will incur a financial liability for the injury that your car caused. The EV insurance policy will take care of this financial liability. It will compensate the individual for the financial loss if your car is damaged and needs repairs, the e-vehicle insurance policy will pay for the repair costs.

Depending on the type of electric auto insurance policy you choose, if you suffer a covered loss, the EV car insurance policy will pay compensation for the financial loss that you suffer. The insurance for EV cars will, thus, secure you financially and also take care of the mandatory requirement of driving the car.

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Key features of car insurance from Kotak

Discover the exciting Car Insurance Features that go the extra mile for your safetyimage

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Cashless servicing.

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

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NCB discounts & entitlements

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

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Premium discounts

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

Additional Kotak car insurance features

We believe in going above and beyond for your safety. Check out our new additional featuresimage

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Affordable premiums

Get coverage with affordable premiums

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Optional Add-on

Range of add-ons for wider coverage

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Third-party liability

Coverage against third-party bodily injury, death and property damage

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Own Damage Cover

Coverage of Rs.15 lakhs against accidental deaths and permanent disablements

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Personal accident cover

Coverage of Rs.15 lakhs against accidental deaths and permanent disablements

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Easy cashless claims

Network of 4000+ garages for easy cashless claims

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Claim TAT

Quick settlement of claims, jet-speed style

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No Claim Bonus

Enjoy up to 50% NCB and reduce your premiums

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Round-the-clock assistance

We are at your service, 24/7

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Policy purchase

Online issuance and renewals

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Documentation

Zero paperwork needed

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Add-ons available

24x7 Roadside Assistance, Daily Car Allowance, Engine Protect, Depreciation Cover, Return to Invoice, Consumables Cover, Tyre Cover, Loss of personal belonging, Key Replacement, NCB Protect & Switch On/ Switch Off (METER)

Why Do You need car insurance?

Car insurance is your safety net on the roads. Explore more why you need itimage

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Legally mandatory

Firstly, a car insurance policy is mandated by law. The Motor Vehicles Act of 1988 requires every car to be insured under a valid third-party coverage before you take it for a spin. So, to comply with the legal requirements and avoid penalties, car insurance becomes a must.

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Coverage against third party liabilities

Third-party liabilities occur if your car physically hurts or kills another individual or causes third-party property damage. These contingencies are covered under the policy. Get coverage up to the legal liability for claims related to bodily injury, death or property damage as per the governed rules and regulations of Motor Vehicle Act. To know more about difference between third-party and comprehensive car insurance click here

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Coverage against man-made and natural calamities

A comprehensive car insurance plan covers both man-made and natural calamities. Enjoy coverage against damages suffered due to earthquakes, lightning, flood, hurricanes, storm, landslide, fire, riots, strike, explosion, etc.

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Theft cover

If your car is stolen, you not only lose an asset, but also incur a considerable financial loss. This loss is covered under a comprehensive car policy and you get compensated for the loss suffered.

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Add-ons Covers

Comprehensive car insurance plans allow a range of add-ons that enhance the coverage. You can get 24/7 assistance in the case of emergencies, nullify the effect of depreciation on the claim, get the original invoice value of the car in the case of theft or total loss and more. Choose one or more add-ons and get to enhance the cover and make your policy more inclusive. Know more about comprehensive car insurance in India and add-ons here.

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Compensation for financial loss

If your car suffers a damage, you might incur a considerable financial outgo on its repairs. In the case of a theft, the loss is considerable as cars come expensive. Third-party liabilities might also amount to a sizeable financial strain. A comprehensive car insurance policy takes care of these contingencies and compensate you for the loss that you might suffer.

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Personal accident cover

If your car is stolen, you not only lose an asset, but also incur a considerable financial loss. This loss is covered under a comprehensive car policy and you get compensated for the loss suffered.

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Peace of mind

Comprehensive car insurance plans allow a range of add-ons that enhance the coverage. You can get 24/7 assistance in the case of emergencies, nullify the effect of depreciation on the claim, get the original invoice value of the car in the case of theft or total loss and more. Choose one or more add-ons and get to enhance the cover and make your policy more inclusive. Know more about comprehensive car insurance in India and add-ons here.

Types of Electric Vehicle Insurance in India plans by Kotak

There are two main types of electric vehicle insurance plans that are available in the Indian market. These electric vehicle insurance types are as followsimage

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Comprehensive car insurance

As the name suggests, a comprehensive policy is one that offers an all-inclusive scope of coverage. The policy covers the mandatory third-party legal liability as well as the damages that the insured car might suffer. So, if your car is damaged due to a natural or man-made calamity, the comprehensive policy will bear the financial loss that you have suffered.

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Third party insurance

This policy covers the basic legal mandate of third-party financial liabilities. If your car causes physical injury, death or property damage against any third party, the policy will cover the financial loss that the third party has suffered. However, damages suffered by your own car are not covered under this type of electric vehicle insurance policy.

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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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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.

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Vehicle without valid license

Please keep in mind that we do not cover damage to/by a person who is not licensed to drive the vehicle or had an invalid license.

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Nuclear risk or war

We do not cover damage due to nuclear risk or war. We do, however, cover all other risks as mentioned in our Terms and Conditions of Service

Car insurance coverage

What is covered under car insurance policy by Kotak

Kotak car insurance policy covers the following types of contingencies and compensates you for the loss suffered

imageThird-Party Cover

The third party cover is mandatory per law. As such, Kotak car insurance covers third party liabilities that you might incur. Get coverage up to the legal liability for claims related to bodily injury, death or property damage as per the governed rules and regulations of Motor Vehicle Act.

imageOwn Damage Cover

If your car is damaged due to natural or man-made calamities, the financial loss incurred is covered under the Kotak car insurance plan. The car insurance covers both partial damage and total loss of the vehicle

The calamities covered include the following

  • Natural calamities – earthquake, flood, storm, tempest, cyclone, hurricane, lightning, subsidence, landslide, etc.

  • Man-made calamities – Fire, explosion or implosion, riots, malicious acts, strike, etc.

imageTheft Cover

If someone steals your car and you can’t trace it back, the financial loss suffered is also covered under the Kotak car insurance plan. The Insured Declared Value is paid in a lump sum so that you are duly compensated for the loss suffered.

imagePersonal Accident Cover

Kotak Car insurance allows you the option to add the personal accident cover to your policy. The cover gives additional protection against accidental deaths and permanent total disablements with a sum insured of Rs.15 lakhs. If the driver or owner dies in an accident or becomes permanently disabled, a lump sum benefit is paid.

imageAdd-on Cover

A range of add-on covers are offered by Kotak car insurance plans. These add-ons are available at minimal additional premiums and they help in enhancing the scope of coverage of the policy. You can enhance the claim payout or enjoy additional protection with the add-ons that Kotak car insurance offers.

imageCashless claim settlements

Under comprehensive plans you can get cashless claim settlements on repairs if you take your car to a networked garage

What is not covered under car insurance policy by Kotak

To best enjoy all your inclusions, you must also learn about the exclusions. It’s ideal to have every piece of information before you buy Car Insurance online or offline. Here is a list of all the exclusions from our car insurance policy

  • Loss/Damage to the vehicle/accessory/accessories arising by the following will not be covered:

  • Normal wear and tear and general aging of the vehicle

  • Depreciation or any consequential losses(* Unless separately covered by add ons)

  • Optional add-ons

  • Vehicle being used otherwise than in accordance with limitations as to use

  • Mechanical/electrical breakdown

  • Any contractual liability

  • Damage to/by a person driving the vehicle under the influence of drugs or liquor

  • Damage to/by a person driving the vehicle without a valid license

  • Damages due to nuclear risk or war

imageCancellation Grid

In case you would like to cancel your car insurance policy within a year, we will retain a portion of the premium as specified below

Period

% of Annual Premium

Not exceeding 1 month

20%

Exceeding 1 month but not exceeding 2 month

30%

Exceeding 2 months but not exceeding 3 months

40%

Exceeding 3 months but not exceeding 4 month

50%

Exceeding 4 months but not exceeding 5 months

60%

Exceeding 5 months but not exceeding 6 months

70%

Exceeding 6 months but not exceeding 7 months

80%

Exceeding 7 months but not exceeding 8 months

90%

Exceeding 8 months Full Annual Premium

Full Annual Premium

imageAdd-ons available with Car Insurance Policy by Kotak

Add-ons are available under comprehensive Kotak car insurance policy. These add-ons in car insurance allow additional coverage and are optional in nature. The range of add-ons in Kotak car insurance are as follows:

% of Annual Premium

Period

Consumables cover

Consumables are one-time items used in repairs of the car like nuts, bolts, screws, lubricants, etc. The cost of these consumables is covered under the add-on which is otherwise excluded from coverage.

Depreciation cover

Depreciation is not covered under car insurance. In the case of claim, the cost of depreciation is deducted from the cost of repairing or replacing the parts. However, with the Depreciation Cover add-on, depreciation gets covered. It is not deducted from the claim amount and the claim payout is higher.

Engine Protect

The engine suffers a damage due to water seepage or water logging, the add-on would cover such damages and pay for the repair or replacement of the damaged engine are one-time items used in repairs of the car like nuts, bolts, screws, lubricants, etc. The cost of these consumables is covered under the add-on which is otherwise excluded from coverage.

Return to Invoice

If the engine suffers a damage due to water seepage or water logging, the add-on would cover such damages and pay for the repair or replacement of the damaged engine are one-time items used in repairs of the car like nuts, bolts, screws, lubricants, etc. The cost of these consumables is covered under the add-on which is otherwise excluded from coverage.

24X7 Roadside Assistance

If the engine suffers a damage due to water seepage or water logging, the add-on would cover such damages and pay for the repair or replacement of the damaged engine are one-time items used in repairs of the car like nuts, bolts, screws, lubricants, etc. The cost of these consumables is covered under the add-on which is otherwise excluded from coverage.

Tyre Cover

This add-on allows 24X7 assistance in the case of emergencies or when the car breaks down in the middle of the road. You can get assistance for flat tyres, fuel refill, jump starting the battery, etc.

Daily Car Allowance

In the case of a claim, when the car is under repairs, the add-on pays a daily allowance which you can use to cover the cost of alternate transportation.

NCB Protect

In the case of a claim, when the car is under repairs, the add-on pays a daily allowance which you can use to cover the cost of alternate transportation.

Loss of Personal Belongings

This add-on covers the financial loss that you might suffer if personal belongings are stolen from the insured car.

Key Replacement

This add-on covers the financial loss that you might suffer if personal belongings are stolen from the insured car

Add–ons available with car insurance policy by Kotak

Customize your coverage with our amazing add-ons - they're like bonus features for your car protection!image

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Consumables Cover

Consumables are one-time items used in repairs of the car like nuts, bolts, screws, lubricants, etc. The cost of these consumables is covered under the add-on which is otherwise excluded from coverage.

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Depreciation Cover

Depreciation is not covered under car insurance. In the case of claim, the cost of depreciation is deducted from the cost of repairing or replacing the parts. However, with the Depreciation Cover add-on, depreciation gets covered. It is not deducted from the claim amount and the claim payout is higher.

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Engine Protect

If the engine suffers a damage due to water seepage or water logging, the add-on would cover such damages and pay for the repair or replacement of the damaged engine are one-time items used in repairs of the car like nuts, bolts, screws, lubricants, etc. The cost of these consumables is covered under the add-on which is otherwise excluded from coverage.

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Return to Invoice

Covers purchase invoice price of the vehicle in-case of Total Loss/Constructive Total Loss

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Tyre Cover

This add-on allows 24X7 assistance in the case of emergencies or when the car breaks down in the middle of the road. You can get assistance for flat tyres, fuel refill, jump starting the battery, etc.

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24X7 Roadside Assistance

This add-on allows 24X7 assistance in the case of emergencies or when the car breaks down in the middle of the road. You can get assistance for flat tyres, fuel refill, jump starting the battery, etc.

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Daily Car Allowance

In the case of a claim, when the car is under repairs, the add-on pays a daily allowance which you can use to cover the cost of alternate transportation.

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NCB Protect

In the case of a claim, when the car is under repairs, the add-on pays a daily allowance which you can use to cover the cost of alternate transportation.

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Loss of Personal Belongings

This add-on covers the financial loss that you might suffer if personal belongings are stolen from the insured car.

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Key Replacement

This add-on covers the financial loss that you might suffer if personal belongings are stolen from the insured car.

Why choose Kotak for online car insurance

Experience seamless protection and security with usimage

You and Kotak Car Secure have the mutual goal of keeping your car safe and sound. Under any unforeseen circumstances, Kotak car insurance provides all-around protection. With Kotak Car Secure, enjoy enhanced protection that pays for first-party and third-party damage. For any critical or non-urgent circumstance, you can rely on our 24-hour assistance. Get the benefit of a maximum of 50% No Bonus Claim. Get access to Kotak’s cashless garage network across India.

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Time Saving Car Policy

No need to spend hours in buying a car insurance policy for your car. Buy the policy online and get it issued within minutes. Enjoy instant coverage on your car and take it for a spin without worrying about potential financial losses.

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Money Saving Car Policy

Kotak car insurance comes at affordable premiums starting as low as Rs.2094. So, insure your car without burning a hole in your pockets with Kotak Car Insurance plans.

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Effort Saving Car Policy

At Kotak, we believe in issuing your car insurance policy with minimal hassles on your part. You don’t have to make a lot of effort in getting your car insured. Just apply online, fill in the proposal form, pay the premium and that’s it. The policy gets issued with minimal efforts.

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Instant discounts on Car Policy

Kotak offers car insurance discounts for affordability. Get up to 50% off renewal premium with no claim bonus. Opt for a voluntary deductible and approved anti-theft device for extra savings. Join AAI to lower your premium. Claim multiple discounts for an affordable policy.

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24x7 Customer care support for car policy

Need help in buying, renewing or making a claim on your car insurance policy? Kotak’s trusted experts are at your service. Get 24X7 assistance from our customer care department for your queries, complaints and even feedback.

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Trusted and reliable car policy

At Kotak, we believe in issuing your car insurance policy with minimal hassles on your part. You don’t have to make a lot of effort in getting your car insured. Just apply online, fill in the proposal form, pay the premium and that’s it. The policy gets issued with minimal efforts.

Key benefits of buying car insurance online

Kotak General Insurance offers different types of car insurance plansimage

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More Economical

When you compare car insurance online, you will be able to determine which is the best policy for you based on its cost. The only thing to note here is that one should consciously compare similar types of car insurance policies.

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Paperless transactions

Car insurance require you to answer basic questions about yourself and your vehicle. Based on these questions, you can select the insurance coverage you wish to buy for your vehicle. You won't need any paperwork to buy a car insurance online.

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Instant policy

When you buy car insurance offline, processing physical paperwork takes a long time; however, when you purchase a car insurance online, information is processed instantly, and your policy is issued immediately.

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More Convenience

Online car insurance purchases are more convenient than traditional ones. You can buy an insurance policy at one in the morning from the convenience of your home and still have a smooth transaction. Buying car insurance online offers ease.

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Checking the credibility of the insurer is easy

Online research into an insurance provider is more straightforward than offline research. Before buying a new car insurance online, you can check the company's website to learn more about its Incurred Claim Ratio, claim filing process, and claim resolution time. To obtain a clearer picture, you can also read reviews left by current or former customers.

Steps to buy car insurance online from Kotak

Hassle-free insurance at your fingertips with our easy and fast online processimage

Get All-round protection for your precious vehicle in a few steps. We at Kotak General Insurance understand the value of your time and have simplified the car insurance buying process to a few simple steps.

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Click on the "Get a Car Insurance Quote" button on the Kotak Car Insurance Page

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Fill in your car details such as registration number, model, make etc.

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Fill in you personal details and make the payment online.

How to get an online quote for car insurance

See how simple it is to get a car insurance quote with usimage

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Visit kotak general insurance website

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Log in to your Kotak general insurance profile using the OTP sent to your mobile number

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Fill in your details such as car registration number, mobile number and email id (optional).

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Click on the "Get A Quick Quote" button on the Kotak Car Insurance Page and review coverage

How to choose four-wheeler insurance for a new car

Know the essential factors to consider when choosing four-wheeler insurance for a new carimage

Looking for new car insurance?

Here are some tips on how to choose car insurance for new car

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Opt for a comprehensive new car insurance policy.

A new car should have an all-around protection. That is what a comprehensive car insurance policy offers. So, choose a comprehensive car insurance for new cars for an inclusive scope of coverage against possible financial losses.

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Choose a suitable IDV & add-ons.

The Insured Declared Value is the maximum coverage liability that the insurance company undertakes when insuring your car. This is the value that is paid when you suffer a theft or total loss. So, a higher IDV is a better choice as the claim pay out is higher in theft or total loss cases.

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Select suitable add-ons

Make your new car insurance policy more comprehensive with add-ons. Choose suitable add-ons depending on your coverage needs and get wider coverage. Enjoy higher claim pay-outs and better financial security.

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Claim the applicable discounts

As mentioned earlier, Kotak’s comprehensive car insurance policy allows a range of premium discounts that can reduce the new car insurance price. So, look for these discounts and claim the ones which are available for your car. If you had a previous car whose no claim bonus has been accumulated, transfer the bonus to the new car and get a discount on the new car insurance price.

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Check new car insurance price

Compare the new car insurance price across different policies. Choose the new car insurance policy that offers the most competitive rate of premium without compromising on the coverage. For instance, Kotak offers affordable policies for your new car with a comprehensive scope of coverage.

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Check the networked garages

Networked garages allow you to avail of the cashless claim facility. So, the wider the network of such garages, the better. Check the list of networked garages in your area to know which garage would serve the purpose when you suffer a claim.

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Know the claim settlement process

You need to follow the claim settlement process for a quick claim settlement. So, check the claim settlement process of the insurance company. Also, look for a policy that has a streamlined process and simplifies the claim experience, just like Kotak does.

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Check the Claim Settlement Ratio

Lastly, check the Claim Settlement Ratio of the insurance company as it indicates the percentage of claims that the company has settled. A high ratio is a better choice since it fosters trust on the insurer. For instance, Kotak has a Claim Settlement Ratio of 97% which shows that the company settles most of its claims and can be trusted for your new car insurance.

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How to buy insurance for a new car

We'll walk you through buying insurance for your new carimage

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Click on the "Get a Car Insurance Quote" button on the Kotak Car Insurance Page

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Fill in the required details such as registration number, model, make, etc.

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Fill in you personal details and make the payment online.

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Kotak Car Insurance Reviews & Ratings

Look what they have to say

Kotak Car 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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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.

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Car Insurance

Very satisfying first experience with Kotak. Likely to renew the policy with Kotak.

How car insurance premium is calculated

Let's talk about how car insurance premiums are calculatedimage

How car insurance premium is calculated?

Know the process for the car insurance premium calculation? Want to know how much your car insurance cost would? You can use the car insurance premium calculator to find out.

The car insurance premium calculator is an online tool that is easy to use. It gives you the exact amount of car insurance premium and helps you buy the policy too.

To use the car premium calculator, you just have to enter a few details. These details are as follows –

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The type of policy that you want

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The make, model and variant of your car

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The registration date of the car

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The registration location

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Claim history, i.e., whether you made claims in the previous years or not.

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Available no claim bonus, if you did not make claims in the previous year

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The add-ons that you add to the comprehensive policy

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The discounts that you can avail

The car insurance premium calculator uses these factors in premium calculation. Here’s how these factors affect your car insurance premium

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Type of policy selected

The car insurance premium depends on the type of policy that you choose. Comprehensive car insurance plans are dearer than third party liability plans since they offer a wider scope of coverage.

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Make, model and variant

The make, model and variant of the car determine the cost of the car which, in turn, affects the premium.

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Registration date/age of the car

The registration date of the car indicates its age. As the car gets older, its value depreciates. That is why the car insurance premium is lower for older cars compared to newer ones.

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Registration location

Registration location also has a bearing on the car insurance premium. This is because the probability of damage and the cost of repairs at metro cities is higher compared to non-metro cities. Insurers divide Indian cities into tiers and the car insurance premium is higher for cars registered in Tier 1 cities compared to those registered in Tier 2 cities.

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Previous claims

The claim history is assessed when calculating the car insurance premium. This is because the claim history determines the no claim bonus which allows a premium discount.

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Add-ons selected

The claim history is assessed when calculating the car insurance premium. This is because the claim history determines the no claim bonus which allows a premium discount.

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Applicable discounts

The claim history is assessed when calculating the car insurance premium. This is because the claim history determines the no claim bonus which allows a premium discount.

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Coverage tenure

Lastly, the coverage tenure also affects the car insurance premium calculated. Long-term car insurance plans, like 3-year third party liability plans or bundled plans, cost a higher amount of premium compared to annual plans. So, enter the correct details in the car insurance premium calculator to work out the premium payable for your car insurance policy either when you buy the plan or when you renew it.

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Factors affecting four-wheeler insurance premium

Understand the key factors that affect your four-wheeler insurance premiumsimage

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Coverage type

The cost of four-wheeler insurance varies based on the chosen coverage. Different plans have different premiums, and your choice determines your payment. Comprehensive plans are pricier as they provide broader coverage compared to third-party plans.

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Car type

The car's value, coverage, and insurance premium are influenced by its make, model, and fuel version. Lower-priced cars have lower premiums, while higher-priced cars have higher premiums. The car's Insured Declared Value (IDV) and premium are determined by its make and model.

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No claim bonus

The no claim bonus determines the discount that you can get when renewing your four-wheeler insurance policy. The higher the bonus the higher the discount and lower the premium that you have to pay.

Tips to Choose the Right Electric Car Insurance Policy

Here are some tips on how to choose a car insurance policyimage

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Choose a comprehensive car insurance plan for wider coverage.

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Choose an electric car insurance that offers the most inclusive scope of coverage

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Look for the widest network of cashless garages that allow easy cashless claims.

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Check the claim settlement process of the insurance company. A company that offers the easiest claim settlement process will be the right choice.

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Choose suitable add-ons so that you can avail the maximum coverage against the electric car insurance.

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Go for a hassle-free policy which is easy to buy, service and claim.

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Ensure that the IDV is high so that you get a higher claim payment in the case of theft or total loss.

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Advantages of renewing car insurance online

Here's why online car insurance renewal is a win for youimage

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Easy and convenient

Renewing car insurance online is very easy and convenient. You can renew the policy from the comfort of your home or office or even on the go. You don’t have to visit the insurance company’s branch for car insurance renewal. It is, thus, convenient. Moreover, no paperwork is required and you can renew in some simple steps making the process easy.

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Instant

Online car policy renewal allows instant coverage. This is because the renewal is done in real time and you can enjoy instant coverage on the car.

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Cost-effective

Renewing online cuts down on the costs of physically visiting the insurance company and renewing the policy. Moreover, you can compare the car insurance quotes across different insurance companies and switch to a company offering a wide scope of coverage at lower rates of premiums.

Steps to renew car insurance policy online from Kotak

Follow these quick steps to renew your car insurance policy and keep your car protected alwaysimage

Your car insurance is just a click away. Visit the Kotak Car insurance page to get your car insurance quote.

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Visit https:www.kotakgeneral.com/renewal and choose the car insurance policy that you want to renew

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Enter your policy number and mobile number and click on ‘Submit’.

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Your policy number will be verified and you will be able to check the details of your existing policy. You can continue to renew renew the existing policy or make changes.Your policy number will be verified and you will be able to check the details of you

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Pay the renewal premium and your policy will be done instantly!

How to renew car insurance for an old car

Renew your old car with ease, we're here to helpimage

With Kotak General Insurance, you can renew car insurance policy by just entering your existing policy number or customer ID on the page. Once your policy number/customer ID is verified, you can make the payment to renew your insurance instantly. Want to renew your car insurance policy? Kotak makes your job easy! Kotak car insurance can be done online in a few simple steps. Read on how –

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Visit https://www.kotakgeneral.com/renewal and choose the car insurance policy that you want to renew.

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Enter your policy number and mobile number and click on ‘Submit’.

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Your policy number will be verified and you will be able to check the details of your existing policy. You can continue to renew, renew the existing policy or make changes.

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Pay the renewal premium and your policy will be done instantly!

Why should you renew car insurance policy without break in

Know the importance of renewing your car insurance to stay coveredimage

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Continuous coverage

Renewing your car insurance policy without a break ensures that you maintain continuous coverage. A gap in coverage is considered as a potential risk and it may result in higher premiums when you decide to get a coverage again.

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Financial protection

Car insurance provides financial protection and stability against unexpected events like accidents, theft or damage to your vehicle. You will have to bear full cost of repair or replacement without insurance which can be substantial.

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No loss of benefits

No-claims bonus or discounts are few benefits that accumulate over time for loyal customers. Renewing your car insurance policy can provide significant savings on your premiums and you can enjoy such benefits.

How to file a car insurance claim at Kotak

Filing a claim has never been this easy – we made sure of itimage

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Call us on 1800 266 4545 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.

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

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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.

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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.

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

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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.

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Call us on 1800 266 4545 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.

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

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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.

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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.

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

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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

List of documents required for filing a car insurance claim

Get familiar with the documents needed for speedy claim processimage

Documents required for car insurance claim

To raise a motor insurance claim under different situations mentioned above, you will require the following documents.

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Registration Certificate (RC) Copy

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Policy Copy

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Policy holder's valid ID proof

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Drivers Driving license

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FIR Copy (In case of theft and TP claim)

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Duly filled Claim form

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Any further requirements will be conveyed basis inspection

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KYC documents required to buy car insurance

Check out the KYC documents required for your car insurance purchaseimage

The KYC (Know your customer) documents required to buy car insurance may vary depending on the insurance company and the jurisdiction you are in. However, here are some common documents that are typically required:

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Identity proof

A valid government-issued identification document is usually required. This can be a passport, driver's license, Aadhaar card or national identification card.
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Address proof

You may need to provide proof of your residential address. Accepted documents may include utility bills (electricity, water, gas), bank statements or a rental agreement.
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Vehicle registration certificate

The insurance company will require the registration certificate (RC) of the vehicle for which you want to purchase insurance. This document proves that you are the legal owner of the vehicle.
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Previous insurance details

If you already have car insurance and are renewing or switching policies, you may need to provide details of your existing insurance, such as the policy number, insurer name, and expiration date.
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Driving license

Your valid driving license may be required to verify your eligibility to drive and insure the vehicle.
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PAN card

In India, you may need to provide your Permanent Account Number (PAN) card for financial transactions and identification purposes.

How to download Your policy copy

Here is your step-by-step guide to access your policy copyimage

Losing your car insurance policy may lead you to pay heavy fines, although you have one. But now, you can immediately download your car insurance policy copy from our website.

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Enter your policy number

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Enter your registered mobile number Or your registered email Id

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Click on Get OTP

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Type the OTP and click on download car insurance policy document

Kotak General Insurance cashless network garages

Our cashless network garages makes roadside assistance a sleek experience at the time of uncertaintyimage

Buying a car insurance gives access to cashless network garages which provides convenience and hassle-free car repairs covered by Kotak General Insurance without the need for upfront payment.

Car Insurance glossary

There's always more to know about Car Insuranceimage

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Insured declared value (IDV) in car insurance

The Insured Declared Value (IDV) is the insurer's maximum coverage for a vehicle during a policy period. It is calculated using the vehicle's selling price and depreciation, and serves as compensation in case of total loss.

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No claim bonus (NCB) in car insurance

The No Claim Bonus is the discount on the own damage portion on the premium offered to the policyholder from the car insurance company for responsible driving and not filing damage claims during the preceding policy year.

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Zero depreciation in car insurance

Zero Depreciation Cover is an add-on wherein the entire claim amount is settled by the car insurance company without factoring in depreciation value of the insured car. This cover is applicable to vehicles that are less than 5 years old.

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RTO- Regional Transport Office

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RTO stands for Regional Transport Office and is a government body responsible for vehicle registration and issuance of driver’s licenses. Also, the RTO in each state is responsible for maintaining the database of its drivers and vehicles.

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Car Insurance - Frequently Asked Questions

Zero depreciation cover helps you protect your car against all physical damages caused to the car without factoring in the element of depreciation. Normally the insurer accounts for depreciation on your car's parts and therefore pay you your claim only after subtracting the amount of depreciation. But, with the Zero depreciation add-on, you get claim amount without deducting the depreciation.

First foremost, you have to apply for a car insurance transfer by paying a transfer fee along with the documents mentioned below:

  • Existing Insured's consent

  • New Customer's Proposal

  • Transferred RC Copy / Sale Proof

  • Inspection of Vehicle (If request received post 14 days of transfer)

  • NCB Recovery, if any

  • Recovery / Refund of ODPA, if any

  • Transfer Fee

  • Then hand over the new policy schedule to the new policy holder.

The IDV is an important factor that decides the price of car insurance. Insured declared value is a fixed value in a car insurance policy at which your car is insured. Few factors that impact IDV are:

  • Car type:

    The value of the car depends upon its type. Generally, there are 3 types - SUVs, hatchbacks, and sedans. You may also find sports car variants or vintage cars. The value of an SUV is higher than a hatchback; similarly, a vintage car though old, has a higher value than most new cars.

  • Variant of the car:

    Same cars of the same brand may have advanced features that place the car at a higher variant. The higher the variant of the car, the more the value of the car, which increases the IDV.

  • Purchase location:

    The on-road price of the same cars varies across different locations. This change in price can change the value of the IDV of the same vehicle at different purchase locations.

  • Depreciation:

    Depreciation is the reduction in the value of the car over the years due to general wear and tear. It is inversely proportional to the value of the car. The higher the depreciation lower is the car’s value.

  • Accessories:

    The car accessories also depreciate over time and are also included in calculating the IDV of your car.

Your car insurance is just a click away.

  • Visit the Kotak car insurance page to get your car insurance online.

  • Click on the “Get Quote” button

  • Fill in the required details such as registration number, model, make etc.

  • Quote for car insurance will be generated basis the details submitted

  • Proceed to submit the proposer details

  • Make the payment

Car insurance policy document will be generated which can then be saved

No matter how much you pay for your car insurance, you can always get a discount on your car insurance premium with

  • No Claim Bonus on Car Insurance:

No claim bonus is a discount that is given to you if you have not raised any claim during the policy tenure. Retaining the no claim bonus helps you to get a higher discount every year on your car insurance renewal.

  • Security measures:

Installing anti-theft or security devices ensures that your car is safe from theft which in turn reduces your premium for car insurance policy.

While comparing car insurance quotes, buyers generally look for insurance policies that provide maximum coverage at the lowest premium. While this can be a factor but completely depending upon low premiums can be a big mistake. Instead, you must look at

  • The right IDV

  • Better services

  • Claim settlement ratio

Second hand car insurance is available for used cars. You can choose from a third party liability policy or a comprehensive one. Buying old car insurance is similar to buying new car insurance. You just have to go online, provide your car’s details, select the coverage that you need, add add-ons, if required and calculate the premium.

Pay the premium online and the second hand car insurance policy will be issued.

Kotak allows quick and hassle-free purchase of old car insurance. To buy old car insurance for your second hand car, you can simply follow the below-mentioned steps –

  • Visit https://www.kotakgeneral.com/ and select ‘Car Insurance’

  • Enter the registration number of your car and your mobile number.

  • The details of your car will be displayed. If there are any changes, you can do the edits.

  • Check out the old car insurance plans available for your used car and their premium.

  • Select a suitable policy and click on ‘Buy Now’.

  • Fill up the proposal form and pay the premium online

Your policy will be issued instantly.

You should not let your car insurance lapse and renew it immediately if expired. In case you renew it after expiry, the following outcomes may follow:

If you have earned any No Claim Bonus over the last few years of the policy period, you might lose the same.

After your insurance expires, your car is not insured and that may put you and your car at considerable financial and legal risk in case of any.

Having at least third-party car insurance is mandatory by law, so in case you are charged under the law for driving without valid car insurance, you will get fined or face legal implications.

On-time car insurance renewals have multiple benefits. Have a look –

  • When the policy is not renewed on time, the coverage lapses. A lapse means that the coverage stops and any financial loss that you incur is not borne by the insurance company. With on-time car insurance renewals, you can enjoy uninterrupted coverage, without a break. In the case of an accident, theft or third party liability, the coverage will compensate you for the financial loss suffered.

  • Lapsed coverage is also problematic if you are caught by traffic authorities. They might charge a fine or a penalty for not having a valid insurance coverage. With on-time car insurance renewal, you have valid coverage and you can avoid legal hassles.

  • You can retain the no claim bonus that you have accumulated through the previous claim-free years.

  • Timely car policy renewal also eliminates the need of inspection which is usually required if you renew the policy after it has lapsed.

  • Lastly, on renewing car insurance timely, you can enjoy lower premiums since insurers might charge an additional premium if your policy has lapsed and the coverage is not active.

Renewing your car insurance is crucial to ensure seamless protection. At Kotak General Insurance, the renewal of car insurance is quick and hassle-free. It is advised to renew your policy before it expires, though, even if your car insurance policy has expired, all you need to do is enter your existing policy number or customer ID on the online car insurance renewal page. Once your policy number/customer ID is verified, you can make the payment to renew your car insurance instantly

  • To renew your car insurance policy for old cars, click here.

  • Select your desired car insurance plan

  • Enter your previous car insurance policy number

  • Enter your mobile number

  • And you can buy new car insurance for your old car

At Kotak General Insurance, we settle your car insurance claims within 7 days of submitting all your requisite documents. Also, the sooner you raise a claim, the sooner your car will get repaired and the sooner your claim will be settled.

For the car insurance claim process, you would need to 

  • Inform us about the damage

  • Submit the claim intimation form

  • Submit all necessary information

  • We will send a surveyor for inspection within 24 hours.

Losing your car insurance policy may lead you to pay heavy fines, although you have one. But now, you can immediately download your car insurance policy copy from our website

  • Click on the link

  • Enter your policy number 

  • Enter your registered Mobile number

  • Or

  • Your registered email id

  • And Click on Get OTP

  • Type the OTP and click on download car insurance policy document

To get the duplicate car insurance policy offline, you will have to

  • Inform the insurance provider about the loss of papers

  • File an FIR at the nearest police station

  • Need to publish an advertisement in your state newspaper

  • Need to submit an application to your car insurance provider for duplicate papers

  • Get an indemnity bond acknowledged by the notary 

If you have lost your RC book, then you have to register a complaint with the police at the nearest police station. You must provide all the details about how and where exactly you lost your RC card. Then fill in the required forms and mention the registration number of your vehicle, model, your name and address, the chassis number of the vehicle, engine number, etc. The Regional Transport Office then provides an RC extract that can be submitted with other requested documents for filing the car insurance claim.

The cashless claim process in car insurance refers to a smooth way of settling insurance claims. It processes claims without any payment by policyholder for the repair expenses caused due to any damage or accident. To know more watch this video

Car insurance: Cashless claim process

The reimbursement claim process is an alternative to the cashless claim process. In this process, the policyholder pays for the repairs or damages caused due to accident. To know more watch this video

Car insurance: Reimbursement claim process

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