Zurich Kotak Electric Car Insurance

Key Features of Zurich Kotak Electric Car Insurance

Here are the features and benefits of a Zurich Kotak EV insurance policy:

Types of Zurich Kotak EV Insurance Policies

Zurich Kotak General Insurance Company offers the following three types of car insurance for electric cars:

1. Third Party (TP) EV Insurance

   It financially & legally protects you against third-party injury/death or property damages due to an accident involving your insured EV.

2. Standalone Own Damage (OD) EV Insurance

   The own-damage (OD) policy covers damages to your EV from accidents, fire, theft, natural disasters, man-made acts, etc. You can opt for an OD plan with your existing TP policy.

3. Comprehensive Electric Car Insurance

   A comprehensive EV policy covers third party liabilities as well as own damages.

Zurich Kotak EV Insurance Premium Calculator

Here are third-party insurance prices for electric cars, which are set by the Insurance Regulatory and Development Authority of India (IRDAI) based on the battery capacity (kWh) of EVs:

*Disclaimer: (These prices set by IRDAI may change. For the most recent rates, visit the official website of IRDAI.)

On the other hand, you can use the car insurance premium calculator to know the estimated premium for a comprehensive plan for your EV.

Add-On Options Under Zurich Kotak EV Insurance

Zurich Kotak electric car insurance has the following add-on options that you can opt for with a comprehensive policy by paying an additional premium amount:

1. Battery Protect Cover: The battery protect add-on cover with your Zurich Kotak EV insurance helps cover the repair or replacement costs of your EV's battery if it gets damaged due to accidents, water ingression, or short circuits.
2. Zero Depreciation Cover: The Zero Depreciation cover financially protects you by covering the depreciation deducted from the value of the replaced or repaired car parts in case of an own damage claim.
3. Return to Invoice (RTI) Cover: It compensates you for the original invoice amount (ex-showroom price, registration fees & road tax) of your EV in case of a total loss, which is if it is stolen or damaged beyond repair.
4. Consumables Cover: It covers the replacement cost of screws, nuts & bolts, grease, etc., after an accident involving your EV.
5. Roadside Assistance (RSA): The RSA in car insurance add-on with your Zurich Kotak EV insurance policy will offer emergency assistance in case of a car breakdown scenario on the road. Services under this add-on include minor repairs, flat tyres, towing, spare keys, etc.
6. Tyre Protection Cover: It covers the repair and replacement of your EV's tyres or tubes in case of an accidental damage.
7. Key & Lock Replacement Cover: It covers the cost of replacing your EV's lockset and keys if they are lost, stolen or damaged.

Why Should You Consider Zurich Kotak EV Insurance?

Here are top reasons to choose Zurich Kotak electric car insurance for your EV:

• High Claim Settlement Ratio of 98%
• 2300+ authorised network garages, with cashless repairs.
• Customisable EV coverage and add-ons.

How to Buy or Renew Zurich Kotak EV Insurance?

You can buy Zurich Kotak electric car insurance for your EV or renew it by following these steps:

• Visit the 'Car Insurance' page on Policybazaar.com, and provide your EV registration number and other details.
• From the list of quotes shown, choose 'Zurich Kotak EV insurance.'
• Select the necessary add-ons and proceed to review your policy coverage and the final premium price.
• Pay the premium amount online using debit/credit cards, UPI, or net banking.
• Upon the completion of payment, you will receive your Zurich electric car insurance policy via email.

Zurich Kotak EV Insurance Claim Process

Filing a claim under Zurich Kotak electric car insurance is a simple process that involves the following steps:

1. Intimate the Insurer

   As soon as an accident occurs, inform the Zurich Kotak General Insurance Company through their helpline number, mobile app, or website to initiate the claim process.

2. Survey & Inspection

   The insurer will then assign a surveyor to inspect your EV and evaluate the extent of damage or loss.

3. Document Submission

   Provide the essential information and documents to the surveyor like:

   • Your EV insurance policy copy
   • Incident details
   • Filled & signed claim form
   • Police FIR (for theft and 3rd party claims)
   • Your EV's registration certificate
   • Driving licence of the owner or driver (at the time of the incident)
   • Aadhar & PAN Cards
   • Estimate of the repairs
   • Cancelled cheque (in case of a reimbursement claim)

4. Repairs & Claim Settlement

   After verifying the documents, the insurer will ask you to take your EV to an authorised network garage for repairs on a cashless basis, and the insurer will settle the claim directly. If you opt for a non-network garage and pay from your pocket for the repairs, the insurer will process your reimbursement after verifying the repair bills.

Zurich Kotak Electric Car Insurance FAQs