Electric Bike Insurance

When the future is EV, why not secure it?

OR

The vehicle of tomorrow needs to be secured today!

Enjoy the ride on the future of mobility with an electric bike insurance. As you go about protecting the environment with your e-bike or e-scooter, Kotak electric bike insurance will secure your vehicle, come what may. Extend the cover of protection on your new electric ride by getting electric bike insurance or electric scooter insurance now.

Electric two-wheeler insurance is an insurance policy offered to protect two-wheelers running on electricity. The coverage provided includes both electric bike insurance as well as electric scooter insurance. Just like any other motor insurance, the policy typically covers third-party liabilities, potential damages, and losses to the vehicle arising from accidents, natural calamities or fire. In recent years, e-bikes and scooters have turned out to be a sustainable alternative to regular fuel-driven bikes. Given its widespread adoption and the rising popularity of electric vehicles, insurance for e-bikes has become the need of the hour. If you own an electric bike or scooter, you got to have electric bike insurance in place to continue driving on the path of protection, especially in India, where it is mandatory to have electric two-wheeler insurance by law. So before you set out riding on your new EV, remember to get a secure insurance for your e-bike.

It is recommended to insure your favourite electric scooter against any possible occurrence, be it natural or man-made. According to the Motor Vehicle Act 1988, if your vehicle has above 250W of motor power and exceeds the speed of 25 km per hour, it is necessary to have a third-party insurance on your electric scooter. There are a host of electric rides available in India that require e-scooter insurance for road use. Kotak offers electric scooter insurance for renowned brands like Ampere, Ather, Bajaj, Bgauss, Hero Electric, Okinawa, Ola, TVS, and many others. Possessing an e-scooter insurance keeps you secure from accidents, mishaps, or unpredictable events, including theft. Given the fact that e-scooters are not immune to such occurrences, it is always better to secure them with anelectric scooter insurance policy against every disaster coming your way.

• Superior savings: An e-scooter insurance is considered to be the most efficient way of saving significant expenses of maintenance, damages, repair, and replacement. Moreover, purchasing the e-bike insurance online can maximise your savings as you end up paying lower premiums against your e-bike insurance policy.
• Comply with the legal norms: As mentioned earlier, it is mandatory in India to have an electric bike insurance cover for your e-bike. This e-bike insurance policy helps you abide by the law and saves you the trouble of paying hefty fines.
• Keeps you secure financially: Any unpredictable event can cost you a fortune without an e-scooter insurance. Avoid incurring a heavy sum during such situations by ensuring that your ride is covered under the e-bike insurance policy.

Buying electric bike insurance can prove to be a hassle, especially for new e-bike or e-scooter owners. However, Kotak cuts down the time and processes the policy instantly in a matter of a few clicks. All you got to do is follow this simple procedure to get hold of your electric bike insurance online:

• Tap on ‘Get A Quick Quote’ to buy the electric bike insurance plan of your choice.
• Fill in your registration details, vehicle details, and personal details as requested.
• Complete the process by making the payment online using any convenient payment method.
• That’s all! Get your e-bike insurance policy issued online and start driving!

• Fire
• Natural disasters
• Third party damage
• Personal accident
• Theft
• Man-made calamities

• Wear, tear & general aging of vehicle
• Depreciation or consequential losses
• Vehicle used otherwise
• Mechanical/Electrical breakdown
• Any contractual liability
• Influence of drugs or liquor
• Vehicle without license
• Nuclear risk or war

Now onto the most crucial question of them all! What is the determining factor for calculating electric bike premium? To determine electric bike premiums, various factors are taken into account including kilowatt capacity, make, model, and age. The Insurance Regulatory and Development Authority of India (IRDAI) regulates third-party electric bike premiums and electric scooter premiums. It considers the e-bike’s kilowatt capacity to calculate the third-party insurance premium rates. The premiums for electric bikes and electric scooters in India are as follows: