Own Damage Bike Insurance

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Kotak Bike Insurance Policy in 2 Minutes
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Quick and hassle-free claim process

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We take your safety seriously

4200+

4200+

Cashless Garages

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Claims

Upto 50%

Upto 50%

No Claim Bonus

99%

99%

Claim Settlement Ratio

24/7

24/7

Around The Clock Assistance

*The above data is till 30th September, 2023

What is own damage insurance for your bike?

The own damage insurance meaning is quite clear from its name. The policy covers only own damages, i.e., the damages that the bike might suffer due to natural, accidental or man-made causes. Moreover, if the bike is stolen, then also the two-wheeler's own damage insurance policy pays a claim for the loss that you suffer.

Hence, the own damage insurance meaning includes coverage of the bike against natural and man-made calamities like fire, riots, earthquakes, storms, floods, etc. Moreover, the policy goes on to cover the theft of the bike.

The two-wheeler's own damage insurance policy can be taken if you already have an existing third-party liability insurance policy.

You can even extend the scope of your own damage cover by adding add-ons. Add-ons are optional coverage features that are available at an additional premium. Add-ons help enhance the claim payout and come to your aid in bike-related emergencies.

Key features of Two Wheeler Insurance from Kotak

Discover the exciting bike Insurance Features that go the extra mile for your safetykey-features

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Cashless servicing.

Kotak General Insurance has to tie up with 4000+ cashless garages network across India to provide its customers access to cashless servicing. You just have to take your vehicle to the nearest network garage for repair and the insurance company will take care of the expenses incurred.

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NCB discounts & entitlements

No-claim bonus is a discount rewarded to policyholders for each claim-free policy year, typically starting at 20% for the first year and reaching a maximum of 50% for the next five consecutive claim-free years. This bonus is transferable and can be applied to a new vehicle purchase.

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Premium discounts

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

Why Do You Need a Bike Insurance Policy?

Bike insurance is your safety net on the roads. Explore more why you need itwhy-car-insurance

Mandatory

Third-party liability insurance is mandatory under The Motor Vehicles Act, of 1988 and every owner of the bike must buy the mandatory third-party liability policy or else they would be subjected to legal actions. Hence, you need a bike insurance policy to fulfil the legal requirement and to avoid penalties.

Cover against natural and man-made calamities

A comprehensive two-wheeler insurance policy covers natural and manmade calamities that might result in significant repair costs or total loss of your bike. You can get coverage and financial protection against such disasters under bike insurance.

Cover against third-party damage

Bikes are prone to accidents in comparison to cars. Your bike might injure a third party or damage their property thereby raising legal third-party liabilities. Such third-party liability may drain you financially in the absence of a bike insurance policy. You will 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.

Cover for thefts of your bike

A bike insurance policy covers you if your bike has been stolen or lost and gives a lump sum financial compensation for the same. This can help you to buy a new bike for your conveyance needs. Know more about the surprising things covered by motor insurance.

Features of our various Bike insurance policies

See what makes our bike insurance policies stand out!various-features

Kotak Two Wheeler Protect - OD Only covers the cost of repair in case of damages caused to your bike or loss incurred due to theft.

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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.

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Wear, tear & general aging of vehicle

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

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Depreciation or consequential losses

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

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Vehicle used otherwise

Does 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

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

Benefits of buying your own damage bike insurance plan:

The benefits of having your own damage two-wheeler insurance policy are many. These benefits are as follows –

1. The policy covers your bike’s damages and pays for the considerable financial loss that you might suffer.

2. The add-ons available under your own damage cover help you enhance the scope of the policy and get higher claims.

3. You can earn a claim bonus for every claim-free year and enjoy attractive premium discounts.

4. You can opt for other discounts that the policy offers to make the premium affordable

5. You get complete peace of mind knowing that theft or damage to your bike will be compensated by the insurance company.

Who should buy their own damage bike insurance?

The own damage bike insurance policy is suitable for every bike owner, especially those who have a new bike. The policy will cover damages to the bike and even theft. So, buy your own damage bike insurance plan if –

1. You have a new bike

2. You have a premium bike

3. You want financial security against damages

4. You want to cover the theft of the bike.

Own damage bike insurance for the old bike:

The own damage bike insurance policy is available for old bikes too. You can buy a policy whether you buy a new bike or a used one.

So, whether you have a brand-new bike or an old one, buy your own damage policy for better coverage.

Add–ons available with bike insurance policy by Kotak

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

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Depreciation Cover

Zero depreciation is an add-on cover in which the claim amount is paid by the insurance company without considering the factor of depreciation of your bike or scooter

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Return to Invoice

Return to invoice add-on pays the difference between the invoice value of your bike or scooter and its insured declared value in the event of total loss or theft.

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Consumables Cover

Consumable covers include the cost of consumables such as bolts, screws, nuts, lubricants, etc needed in the repair of your bike or scooter

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Engine Protect

Engine protect add-on covers the damages caused to the engine of your bike or scooter due to water logging or water spillage and pays for replacement or repair of the engine of the insured vehicle.

Why choose Kotak for online bike insurance

Experience seamless protection and security with uswhy-choose-kgi

You and Kotak bike Secure have the mutual goal of keeping your bike safe and sound. Under any unforeseen circumstances, Kotak bike insurance provides all-around protection. With Kotak bike 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 Bike Policy

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

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Money Saving Bike Policy

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

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Effort Saving Bike Policy

At Kotak, we believe in issuing your bike insurance policy with minimal hassles on your part. You don’t have to make a lot of effort in getting your bike 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 Bike Policy

Kotak offers bike 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 bike policy

Need help in buying, renewing or making a claim on your bike 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 bike policy

At Kotak, we believe in issuing your bike insurance policy with minimal hassles on your part. You don’t have to make a lot of effort in getting your bike 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 bike insurance online

Kotak General Insurance offers different types of bike insurance plansaddons

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Quick & hassle-free

Buying a new bike insurance policy or renewing the old two-wheeler insurance; one by doing it online is quick & hassle-free. You would have to answer a few queries about you and your vehicle, and you will be ready to buy new insurance within a few clicks.

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Instant quote & issuance of policy

You get an instant bike insurance premium quote by clicking on the get quote feature on the website for your vehicle insurance. Due to the digitized buying and renewing process, policy issuance takes place immediately.

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Paperless procedure

Buying a bike insurance policy online helps you avoid the tedious paperwork you go through. You can also download and store the document with a few clicks. The paperless procedure also saves time by eliminating the need to organize documents physically.

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Transparent process

The whole buying and renewing of the bike policy online are so transparent that you always have all the details to make an informed buying decision.

Steps to buy bike insurance online from Kotak

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

Get all-round protection for your precious two wheeler in a few steps. We at Kotak General Insurance understand the value of your time and have simplified the bike & scooter insurance buying process to a few simple steps.

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Click on the "Get A Quick Quote" button on Bike Insurance page.

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

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Check quote, fill in your personal details and make the payment online.

How to get an online quote for bike insurance

See how simple it is to get a bike insurance quote with usdesc

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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 bike registration number, mobile number and email id (optional).

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

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Kotak Bike Insurance Reviews & Ratings

Look what they have to say

Kotak Bike 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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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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Bike Insurance

Timely and hassle-free experience

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Bike Insurance

The cashless claim was seamless and was a overall very good customer experience

Factors affecting two-wheeler insurance premium

Understand the key factors that affect your two-wheeler insurance premiumsfactors

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Make and model of the bike

The make and model of the bike determines its market value. This market value is used to calculate the coverage level of the bike. Premium bikes have higher market values and so their premiums are also high compared to entry-level or cost-effective bikes.

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Fuel variant

Bikes are either offered in petrol variant or electric variant. Electric bikes are costlier compared to fuel engines and so, the premiums for electric bikes are higher.

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Type of policy

Third-party coverage is the minimum required for your bike, mandated by law. Its premium, set by the Insurance and Regulatory Development Authority of India (IRDAI), is low and based on the bike's engine capacity. Comprehensive plans, covering both third-party and own damage, have varying premiums depending on the chosen policy, with third-party plans generally having lower premiums than comprehensive ones.

Tips for choosing the best own-damage bike insurance:

Looking for the best own-damage bike insurance coverage? Here’s how to choose the best own-damage bike insurance how-to-choose

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Opt for a higher IDV of your bike, i.e. Insured Declared Value. This will give you a higher claim payout in the case of theft of the bike or if the bike is damaged beyond repair.

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Choose suitable add-ons with the plan to enhance the scope of the policy and get complete protection.

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Look for the discounts available with the coverage. Get as many discounts as possible so that you can lower the premium outgo.

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Check the list of cashless garages of the insurance company. A company that is tied up with the greatest number of cashless garages will be a better pick since you will be able to locate the nearest networked garage easily.

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Understand the claim process of the insurer. The easier the process, the better the policy will be.

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Steps to renew bike insurance policy online from Kotak

Follow these quick steps to renew your bike insurance policy and keep your bike protected alwaysdesc

On-time renewals are beneficial and Kotak allows you the easy process of renewing your bike insurance policy online.

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Visit https://www.kotakgeneral.com/renewal and select the type of two-wheeler insurance policy which is due for renewal. For example, if you want to renew a comprehensive two-wheeler insurance policy, then select comprehensive two-wheeler insurance.

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Then, fill in your two-wheeler insurance policy number, registration number, chassis number and your mobile number. Now, click on ‘Submit’

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The insurance company would then validate your two-wheeler policy number and show the details of your policy on the screen after verification.

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Check the details of your policy, choose add-ons if you want to buy any and review the premium of your plan.

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Pay the premium and your policy would be renewed instantly with a confirmation on your registered email Id and mobile number. You can pay the premium online through any digital payment mode like credit or debit cards, mobile wallets, net banking UPI, etc.

How to claim Two-Wheeler Insurance online at Kotak

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

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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

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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 bike insurance claim

Get familiar with the documents needed for speedy claim processhow-to-choose

Documents required for bike insurance claim

To raise a bike 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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Steps to download physical copy of Bike Insurance Policy

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

After you buy a policy online, the soft copy of the bike insurance policy is instantly issued and sent to the registered email ID. Thereafter, the physical copy of the bike insurance policy is sent through mail within a few days. If you are unable to find the soft copy of bike insurance policy in your email or if you have misplaced the physical copy, you can download the policy online

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Visit our website www.kotakgeneral.com

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Click on ‘Download Policy Copy’ under Login button on top right-hand corner

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Enter the policy number, registered mobile number or the registered email ID and click on ‘Get OTP’

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An OTP would be sent to your registered mobile number and email ID. Enter the OTP in the required field and submit

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The policy copy would be available for download. You can download it on your system and save it for future use

Kotak General Insurance cashless network garages

Our cashless network garages makes roadside assistance a sleek experience at the time of uncertaintywhy-car-insurance

Buying a two-wheeler 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.

Bike Insurance glossary

There's always more to know about bike Insurancefactors

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Two Wheeler Insurance Premium

The bike & scooter premium is the amount paid by the policyholder periodically to the insurance company towards the bike insurance policy

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IDV in Two Wheeler Insurance

The IDV is the maximum coverage amount set by the insurer for a vehicle, based on the manufacturer's price adjusted for depreciation. In case of total loss, it represents the compensation to the policyholder.

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Coverage in Two Wheeler Insurance

Coverage is the amount of risk that is covered for the policyholder through an insurance policy.

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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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