Kotak Mahindra Two Wheeler Insurance Plan 2024, Benefits, Features, Buy, Renew Details, Review

Kotak Mahindra Two Wheeler Insurance Plan 2024- Bicycle insurance or bike protection is a protection contract that covers you against harms to your bike because of mishaps, normal/man-made fiascos, fire, and robbery. The strategy likewise gives inclusion against bicycle related outsider liabilities like harm to someone else’s vehicle/property or wounds/demise of an outsider. You can purchase protection for 2 wheelers to cover bikes, bikes, mopeds, and so on.

At the point when you purchase bicycle protection online through our cell phone application or site, you can browse different bicycle protection plans in view of your prerequisites and guarantee your bicycle in practically no time. Additionally, you get moment bike insurance statements to know the installment and plan your buy. On account of a Complete Strategy, you can pick a reasonable Guaranteed Pronounced Worth (total protected) from the given reach.

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Kotak Mahindra Two Wheeler Insurance Plan 2024

Kotak Mahindra general insurance agency incepted in 2015, during the year Kotak Mahindra got 6 lakhs expense and caused a case measure of 26 Lakhs. Since it is a beginning year it is very normal to cause a case measure of in excess of a premium. It has settled the case in 6 months or less. Kotak Mahindra insurance agency focused on giving protection claims demonstrates the dependability of the organization. As Kotak is settled in Kotak Life coverage organization endeavoring to find lasting success in Kotak General Insurance Agency.

Kotak Mahindra is special in offering productive support to the clients. Kotak Mahindra General Insurance Agency Restricted is one of the quickest developing general insurance agency in India. This organization is the 100 percent auxiliary of Kotak Mahindra Bank Restricted. In the year 2015, November, Kotak Mahindra General Protection got its IRDA ‘Endorsement of Enlistment’ to start business as an Indian general insurance agency. Presently it becomes one of the main general safety net providers in India.

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Kotak Mahindra Two Wheeler Insurance Plan

Details Kotak Mahindra Two Wheeler Insurance Plan

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About Kotak Mahindra Bike Insurance

Kotak Mahindra General Protection is one of the quickest developing general insurance agency in India. It was consolidated in December 2014 and began its work as a safety net provider subsequent to accepting its IRDA “Endorsement of Enrollment” in April 2015. It has effectively contacted great many individuals by conveying bicycle protection, vehicle protection, and a few different items in this brief period. The organization has denoted its presence among one of the main insurance agency in India, which targets contacting countless client portions carefully with the best nature of bicycle protection and other related administrations at reasonable rates.

Kotak Mahindra has its base camp situated in Mumbai and 18 branches spread all over India. has given work to in excess of 350 individuals across India. It is a 100 percent auxiliary of Kotak Mahindra Bank Ltd. It takes care of the requirement for monetary security and insurance against life’s vulnerabilities. Kotak Mahindra offers an assortment of protection going from health care coverage to bicycle protection. It endeavors to contact an enormous number of individuals with the best quality bicycle protection items and arrangements.

Also Read-Director And Officers Liability Insurance Plan 

Types of Two-wheeler Insurance Plans

Kotak Bike Well conceived Plan: This is an exhaustive protection plan for your bike. The arrangement covers every one of the harms to the guaranteed vehicle emerging out of man-made, regular catastrophes or on the other hand in the event that the vehicle experienced an impact. The arrangement gives inclusion to the monetary liabilities to the “Outsider” as well as “Own Harm” of the safeguard’s bicycle.

There are 3 variations accessible for this plan in light of the residency.

  • Kotak Bike Well conceived Plan-This is an exhaustive bike protection plan which offers outsider risk inclusion as well as own harm inclusion for your own bicycle.
  • Kotak Bike Long haul Secure-5 years-This is a long term complete strategy for your bike wherein you get a long term inclusion of outsider liabilities along with long term inclusion for your bicycle’s own harm.
  • Kotak Bike Long haul Well thought out Plan-This is a complete bike protection plan which can be taken for a residency of 2 or 3 years wherein there would be own-harm inclusion alongside outsider obligation inclusion for the whole residency.
  • Outsider Obligation Protection Outsider risk Bicycle protection primarily covers every one of the costs coming in light because of any unintentional harm, injury, or passing to an outsider where the safeguarded vehicle is to blame. This plan doesn’t cover the bicycle’s own harm.

Personal Accident Cover (if opted)

Personal Accident Cover is usually for the insurer driver. The plan provides coverage of up to INR 15 lakhs for the driver. Below is the table describing the percentage of compensation provided to any losses faced by the insurer.

 The Severity Of The Situation % of Sum Insured payable as a claim
Death100%
Loss of sight of two eyes or two limbs or sight of one eye and one limb100%
Loss of sight of one eye or one limb50%
Permanent Full disablement from other injuries than named above100%

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Key Benefits for Kotak Mahindra Two-wheeler Insurance Plans

Kotak Mahindra offers a wide range of insurance plans that cater to a variety of needs and interests. In this blog post, we’ll take a look at some of the key benefits of two-wheeler insurance plans offered by Kotak Mahindra. We’ll discuss the types of coverage that these plans offer, as well as the different features that make them unique. We’ll also provide tips on how to find the right insurance plan for you and how to make the most of its benefits. So whether you’re looking for basic motorcycle insurance or something more comprehensive, this blog post has everything you need to know.

The following benefits are the ones to consider when making a choice from the list of insurances provided by the Kotak Mahindra Two-wheeler Insurance.

Online Instant Policy

The complete course of issuance of the web-based approach for any bike protection is totally straightforward and moment in Kotak Mahindra. To get your protection given web-based you would have to visit the authority site of Kotak Mahindra Bike Protection, top off every one of the expressed conventional subtleties, pick the arrangement from the rundown offered and you can likewise accumulate from the rundown of additional items.

The approach is given quickly, and the e-strategy record is sent through an email to the distinct email id. The installment can be started utilizing any favored method of online installment modes like charge or Mastercard, net banking, Google Pay, UPI, or through internet based wallets like Paytm and others.

Plan recharging or any improvement of the arrangement, really taking a look at the situation with the protection, starting the cases everything resembles a messy issue on the web.

Hassle-free and High Claim Settlement Ratio

  • The case Bike protection settlement is handled online with no hustle. The bike protection guarantee is carefully empowered and accordingly makes it extremely simple to deal with for the clients. At the point when the clients go in for any cases, it is typically on the grounds that they are in the most upsetting circumstance, so it is remembered to keep the case settlement simple.
  • Then again, in the event of repayment of the relative multitude of costs, you should illuminate the safety net provider in somewhere around 24 hours regarding the mishap or the harm that occurred by sending them clear photos of the harm.
  • The case will be repaid after the right evaluation of the harms. In the event of credit only cases in an organization carport, after you contact the back up plan, they will contact the carport and clear every one of the contribution. The case settlement proportion is 81.70% as of FY19.

Large Network of Cashless Garages

Kotak Mahindra offers a huge scope of credit only carports across India which summarizes to 1300+. You would have to illuminate the guarantor about the harms and take your vehicle to one of the recorded carports in the organization and the costs would be dealt with by the back up plan to the carports straightforwardly.

Wide Range of Add on Covers

Do you need a cover for your phone but don’t know where to start? Or maybe you have a few covers but want to find the perfect one for your phone? Look no further! In this blog post, we will discuss the wide range of covers that are available and help you find the perfect one for your needs. We will cover a variety of different types of covers, from phone cases to screen protectors, so that you can find the perfect solution for your needs. So whether you’re looking for a simple cover to keep your phone safe and protected, or something more elaborate and customized, we have you covered.

  • Outsider Misfortunes Kotak Mahindra Bike Protection covers any outsider risk, for example, harms caused to the outsider vehicle, individual or any property.
  • Cover for the Own Vehicle-The Thorough Bike protection plan covers the outsider obligation as well as harms happened to your own bicycle are likewise covered. Subsequently, complete approach gives full inclusion.
  • Coincidental Harms The Far reaching Bike protection plan covers the harms caused to your bicycle because of unplanned by outside means like marks, scratches, broken parts, and so on.
  • Robbery and Thievery or Housebreaking-In India around 75% of the taken vehicles are bikes. As we pick any of the protection plans presented by Kotak Mahindra, the organization pays for the misfortunes in the event that the bike is taken.
  • Catastrophic events The protection deals with the misfortunes caused to the bike because of any catastrophic event like lightning, flood, typhoon, storm, hurricane, whirlwind, hailstorm, immersion, twister, avalanche or rockslide, seismic tremor, tidal waves, and so on.

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Exclusions of Kotak Mahindra Two-wheeler Insurance Plans

Kotak Mahindra offers a wide range of motorcycle insurance plans that cover a variety of motorcycle types and styles. But what are the exclusions for these plans? In this blog post, we will explore the various exclusions for Kotak Mahindra motorcycle insurance plans and explain how they can impact your coverage. We will also provide tips on how to ensure you’re fully protected when riding your motorcycle, regardless of whether or not you’re covered by a Kotak Mahindra insurance plan.

  • Devaluation/Ordinary Mileage The expense of standard adjusting of the bike to guarantee its smooth run costs are borne by the proprietor of the bicycle. Any bike faces misfortunes because of devaluation or any normal mileage in this way these misfortunes are not canvassed in the Kotak Mahindra Bike Insurance contracts.
  • Mechanical Or Electrical Breakdown-Mechanical or Electrical breakdowns of the protected bike are not covered under Kotak Mahindra Bike Insurance contracts.

How to Apply for Kotak Mahindra Two-wheeler Insurance Policy?

The accompanying basic advances should be followed to apply/buy a Kotak Mahindra Bike Insurance Contract

  • Visit the Kotak Mahindra site Visit the site of Kotak Mahindra Insurance, investigate the accessible plans, pick an arrangement according to your prerequisite, traverse the costs, and settle for the most ideal contract for your bike. You can likewise pick additional items according to your prerequisite.
  • Fill in Your Subtleties to Apply When the determination of the ideal arrangement is finished, you want to fill in the significant conventional subtleties, for example, your name, address, contact number, email-id, and so on.
  • Present Your Archives Your ID Confirmation and a KYC record are the main necessities to be transferred for issuance of the strategy.
  • Installment of Premium Pay your premium for the chose strategy by means of any appropriate mode like net banking, charge/Mastercards UPI, Google Pay, or through web-based wallets like Paytm or others.

When the premium is paid effectively, the Kotak Mahindra e-strategy archive is shipped off your enrolled email id, immediately. No mediator or an insurance specialist should be engaged with the most common way of buying your Kotak Mahindra Bike contract. It tends to be done straightforwardly web based, following the referenced advances, advantageously.

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Kotak Mahindra Two-wheeler Insurance Claim Process

If you’ve been in an accident and your bike has been damaged, don’t worry! You can take advantage of the Kotak Mahindra Two-wheeler Insurance Claim Process. This guide will teach you everything you need to know about filing a claim and getting the compensation you deserve. We’ll cover all the steps involved in filing a claim, including how to collect evidence and make a case for reimbursement. We also provide tips on how to deal with common questions and problems that may arise during the claim process. So if you’ve been in an accident, this guide is for you.

Following are steps to process claims

Illuminate The Back up plan

You want to illuminate the back up plan about the harm and the requirement for the maintenance, in something like 24 hours of the mishap.

Click And Transfer Photographs

You want to click and transfer clear photos of the harm alongside every one of the expected reports, for example, insurance contract record, appropriately filled and marked guarantee structure, driver’s permit, enlistment authentication, duplicate of FIR (if any) and so on to make your case legitimate.

Reviving a Lapsed/Expired Kotak Mahindra Two-wheeler Insurance Policy

the event that you neglect to pay the top notch on time notwithstanding the rehashed updates from the safety net provider organization, then, at that point, your bike strategy could slip by or terminate. In the event that it is inside the effortlessness period, you can basically pay the premium and restore the strategy. In the event that the elegance period has slipped by, you would have to reach out to your insurance agency as your arrangement has passed and can’t be restored. They will rethink the state of your vehicle and deal another statement for the premium of another approach.

Kotak Mahindra Two-wheeler Insurance Reviews

Kotak Mahindra Insurance Agency Restricted is one of the top notch general insurance agency in the country. Mahindra General insurance agency has been one of the quickest developing general insurance agency.

The base camp is in Mumbai and has north of 18 branches all over India. He is a 100 percent auxiliary of Kotak Mahindra Bank Ltd. Kotak Mahindra’s web-based administrations have been exceptional and it always remembers to endeavor through a huge rundown of individuals.

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