Limit your speed, not your two-wheeler insurance
Instant bike insurance policy with zero paperwork
Quick and hassle-free claim process
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Premium Features | Comprehensive Plan | Own Damage Plan |
Bike damage due to natural disasters | ||
Bike damage due to man-made calamities eg: riots | ||
Bike damage due to fire | ||
Damage to third party vehicle | ||
Damage to third party property | ||
Third party’s death or injury | ||
Theft coverage | ||
Personal accident cover | ||
Extra coverage with optional add-ons | ||
No claim bonus up to 50% | ||
Cashless repairs | ||
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Cause awesomeness has no ending
Fire
Don’t let fire damage to your bike ruin your life. Stay protected against any loss and get compensated for damages caused by fire.
Natural disasters
When disaster strike, we’ve got you covered. Get protected from the effects or damages due to natural disasters.
Third party damage
We’ll cover you for all third-party damages caused due to a road accident or any other mishap involving your two-wheeler. You are protected against accidents and mishaps on the road.
Personal accident
Get comprehensive coverage to protect yourself and your loved ones from unpredictable events such as accidents.
Theft
You should never have to worry about anything when it comes to protection from theft. Because two-wheelers are easy targets for thieves, we'll cover it all for your bike.
Man-made calamities
We safeguard your vehicle against all man-made disasters such as theft, burglary, strikes and riots. We keep your vehicle safe & protected always.
Wear, tear & general aging of vehicle
Does not cover any damages due to normal wear and tear and general aging of the vehicle
Depreciation or consequential losses
Coverage does not include depreciation or consequential losses (unless they are separately covered by add-ons).
Vehicle used otherwise
Does not cover any damage caused by the vehicle being driven otherwise than in accordance with the limitations on its use.
Mechanical/Electrical breakdown
Any damage or loss that occurred due to mechanical or electrical breakdown is not covered.
Any contractual liability
You are not covered under bike insurance policy for any contractual liability if you are found to be responsible for the damages.
Influence of drugs or liquor
Does not cover damage to/by a person who is driving under the influence of drugs or alcohol.
Generous Benefits
Secure the depreciation value of your two-wheeler in case of parts replaced on account of damage to the insured vehicle and/or to its accessories.
Generous Benefits
We say,
Why settle for less!
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This Diwali, illuminate the importance of car, health and home insurance.
Learn moreSo stay informed about electric bike insurance
A comprehensive electric bike insurance to Protect your Electric Bike & Electric Scooter
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.
What is an Electric Bike Insurance?
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.
Which Electric Scooters need Insurance?
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.
Benefits of purchasing Insurance for Electric Bike
How to Buy Insurance for Electric Bike Online?
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:
What is Covered Under Electric Bike Insurance Policy?
What is NOT Covered Under Electric Bike Insurance Policy?
Third-party Insurance Premium Rates for Electric Bike
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:
TWO-WHEELERS WITH KILOWATT CAPACITY (KW) | PREMIUM RATE FOR 1-YEAR POLICY (in ₹) | PREMIUM RATE FOR LONG-TERM POLICY (5-YEAR) (in ₹) |
Less than 3 kW | ₹ 457 | ₹ 2,466 |
More than 3 kW but less than 7 kW | ₹ 607 | ₹ 3,273 |
More than 7 kW but less than 16 kW | ₹ 1,161 | ₹ 6,260 |
More than 16 kW | ₹ 2,383 | ₹ 12,849 |
Add-ons for Electric Bike Insurance
How to File a Claim for an Electric Bike Insurance?
Inform us by calling on 1800 266 4545 (8 a.m. – 8 p.m.) or sending in the Claim Intimation Form to intimate us about your claim along with your policy details.
Kotak will then verify your documents and conduct a quick inspection of your vehicle within 24 hours (depending on when the claim is submitted).
Based on the type of claim (whether cashless or reimbursement claim), the amount will be settled without any hiccups.
How to renew Electric Bike Insurance?
The process of renewing your electric bike insurance is just as hassle-free as buying one. Here is how you go about the process of policy renewal with Kotak.
How to buy the right Electric Bike Insurance Policy
Buying electric bike insurance for your e-bike might seem like a daunting task, but it is actually not if you know what it entails. Before you decide to buy the plan, make sure that you compare the e-scooter insurance prices and opt for the one best suiting you. When looking for e-bike insurance policies online, you ought to consider buying an electric bike insurance plan with extensive coverage against all third-party liabilities, damages, and unforeseen events. It also helps to understand the inclusions and exclusions of the insurance policy before finalising on the plan. Kotak is one of the most trusted e-bike insurance available online offering the best coverage and services at a reasonable price range. So the next time you’re looking for e-bike insurance online, leave your worries aside and opt for Kotak.
Electric Bike Insurance for EV Models
Filing a claim for your own damage bike insurance policy is quite easy with Kotak General Insurance. Here are the steps that you can take for claim filing –
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Important Blogs on Bike Insurance
As opposed to regular bikes which operate on fuel, electric bikes run on electricity and are considered to be eco-friendly in the long run. You can secure these e-bikes with a third-party insurance policy plan.
E-bikes fall under the category of motorised vehicles and are excluded from any coverage of homeowners insurance.
The cost depends upon the kilowatt capacity of the motor and varies according to the make, model, and age of the e-bike.
Electric bike insurance plans typically fall under two major categories, third-party insurance and comprehensive insurance.
As per the Motor Vehicles Act 1988, it is mandatory to insure your electric bike if it’s running on a motor functioning above 250W and exceeds 25 km/h in speed.
No. You cannot insure your electric scooter without registration if you own one which has a motor operating above 250-watt and exceeds the top speed of 25 kmph.
Look for options available, consider the plans in your desired price range, and choose the policy that fits your budget while offering you a wide range of services and extensive coverage.