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Your scooter simplifies your daily commute. But did you know that you need to insure it?
The Motor Vehicles Act, 1988 mandates the requirement of a scooty insurance policy on your beloved two-wheeler. So, whether you have a scooty or a scooter, invest in a two-wheeler insurance policy and secure your ride against unforeseen contingencies.
A scooter insurance policy is one that covers the financial losses that you might suffer if you are involved in an emergency related to your vehicle. For instance, if your vehicle gets damaged in an accident, the scooty insurance policy will cover
the cost of repairing your two-wheeler.
Scooter insurance plans in India are primarily of two types –
A third-party insurance for scooty is the basic cover which is mandated under the Motor Vehicles Act. The plan undertakes your financial liability if your scooter
causes financial loss to any third party.
Comprehensive plans have a wider scope of coverage. They cover the mandatory third-party liability and also extend coverage for the damages that your scooter might suffer.
Here are some of the salient features of an insurance policy for scooty or scooter in India –
Find the best scooty insurance plans with comprehensive coverage for your bike. Buy a 125cc scooter insurance plan online in a few clicks.
The scooty insurance price depends on a lot of factors. Here’s a look at the factors and how they affect the scooter insurance cost –
Scooter insurance plans are available online and you can buy them with a few clicks of your computer or even your Smartphone. To buy scooty insurance,
visit Kotak General Insurance and buy the most suitable plan for your beloved bike.
Simply enter the details of your bike like the registration number, make and model, registration date, type of policy you want and a few other information. Get the policy quotes and buy insurance for scooter within minutes. It is a simple and hassle-free
process and your scooter gets insured instantly.
No lengthy documentation. Buy scooty insurance online and insure your ride.
As mentioned earlier, the scooty insurance third-party price is determined by the IRDAI and is regularly reviewed. After the latest review, the third-party scooter insurance cost, effective from 1st June 2022, is as follows –
Note – The aforementioned cost of third-party insurance for scooty does not include GST. A GST of 18% will be added on the third party scooty insurance premium.
The online scooter insurance 3rd party premium might change as the IRDAI reviews the premiums annually. The premium might increase or decrease based on the review.
The premium is the bare minimum premium for covering your financial liability against third parties when using your scooter. Check out the premium vis-à-vis the engine capacity of your scooter and buy the policy.
The premium for a comprehensive scooter insurance policy is higher compared to the third-party policy. The reason is simple. Comprehensive plans
offer wider coverage; hence the premiums are higher. The premium for the comprehensive cover consists of the third-party premium and the own damage premium. Moreover, if you opt for add-ons, the premiums for the same are added to arrive at the
final premium amount.
Of course it does! You can get complete coverage against scooter-related emergencies when you invest in a comprehensive scooter insurance policy.
Coverage under a scooty insurance policy is available for the following types of financial contingencies –
A scooty insurance policy has the following exclusions –
Add oncover mean additional coverage features that you can add to your scooter insurance policy for
a comprehensive protection. Here are the add-ons that you can get with Kotak scooter insurance plans –
Filing a claim for your scooter insurance policy is quite simple with Kotak General Insurance. Here are the
steps for easy claim settlements –
With so many options available, wondering how to choose a scooter insurance policy?
Wonder not! Here are some tips on how to select the best scooty insurance policy for your vehicle –
Whatever the model of your scooty or scooter, find a suitable insurance plan for it.
Kotak Scooter Insurance policy is available for the following brands –
Yes, under the provisions of the Motor Vehicles Act of 1988, every scooter in India should be insured under a valid third-party liability insurance policy. Besides being mandatory, the coverage also offers financial security in case of losses due
to your scooter. So, scooters need insurance in India.
No, a comprehensive scooter insurance plan is not mandatory in India. The mandatory coverage is the third-party liability insurance policy. A comprehensive plan is recommended because it offers a wider scope of coverage. A comprehensive policy covers
the third party's legal liability and also covers the theft or damage to your scooter.
The cost of a scooter insurance policy depends on multiple factors. These include the type of policy that you choose, the make and model of your scooter, registration date and location, add-ons selected, no claim bonus available, etc. These factors
are taken into consideration, and then the insurance cost is determined.
A scooty insurance policy covers all scooters and scootys that you buy for personal use.
The right insurance company will be the one which fulfils the below-mentioned parameters –
a. It offers a comprehensive scope of coverage.
b. It offers a range of add-ons to choose from.
c. There are attractive premium discounts.
d. The premium rates are low,
e. The company has a wide network of cashless garages
f. The claim process is simple, quick and convenient
g. Kotak General Insurance fulfils all these criteria and can prove to be the right insurance company for your scooty.
If you buy a new scooter or scooty, you can buy third-party coverage for 5 years. Many companies also offer long-term plans that offer both third-party and own damage cover for 5 years. So, you can buy insurance for 5 years for new scooters or scootys.