Kotak Mahindra Standalone Own Damage Car Insurance

A Kotak Mahindra Standalone Own Damage car insurance policy provides financial cover for damages to your car caused by natural calamities, accidents, strikes, etc. This policy can be purchased by policyholders who have third-party car insurance and wish to extend coverage to their own car as well.

2327 Cashless garages
Plan starting @ ₹2094^#
98% Claim settlement ratio

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Get Car Insurance starting at only ₹2,094/year ^#

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Key Features of Kotak Mahindra Standalone Own Damage Car Insurance

Categories	Key Features
Own Damage Cover	Yes
Mandatory	No
No Claim Bonus	Yes
Add-on Covers	Offered
Zero Depreciation cover	Yes
PA Cover	Upto Rs. 15 Lakh

Coverage Under Kotak Mahindra Standalone Own Damage Car Insurance

Inclusions
Exclusions

Coverage for electrical/non-electrical accessories is offered
Losses arising out of the fire, self-ignition or explosion are compensated for under this cover
Damages sustained by the insured vehicle due to natural disasters are covered
Car damages arising out of manmade calamities like riots, strikes
Coverage for losses arising out of theft or burglary is included under the OD cover

Wear, tear and general ageing of the insured vehicle
Depreciation or consequential losses are not covered
Mechanical or electrical breakdown of the insured car
Driving under the influence of drugs or alcohol
Any damage sustained by the insured car when the driver was not holding a driving license
Third party liabilities like third party property damage, death or injury to the third party
Damages arising out of nuclear risk or civil war are not covered

Add-ons Under Kotak Mahindra Standalone Own Damage Car Insurance

A Kotak Mahindra own damage car insurance policy can be enhanced by purchasing additional covers at an extra premium. Below mentioned are add-ons offered by Kotak Mahindra car insurance under its OD policy:

Roadside Assistance
Daily Car Allowance
Engine Protect
Depreciation Cover
Return to Invoice
Consumables Cover
Tyre Protection Cover
Loss of Personal Belongings

How to Buy Kotak Mahindra Standalone Own Damage Car Insurance Policy?

Purchasing a Kotak Mahindra OD cover is a pretty easy task if done online. All you need to do is follow the below-mentioned steps:

Visit Policybazaar.com and select ‘Car Insurance’ from the homepage
Now enter your car number on the given form
Select your car’s make, model, variant, registration year and RTO on the next pages
From the given OD car insurance policy, select Kotak Mahindra OD car insurance and check its premium
Select any additional cover that you wish to add to your plan. As soon as you select an add-on, your premium will increase
Pay the final premium amount via the chosen payment method
Once you have paid the premium, your Kotak OD car insurance policy will be issued and mailed to you.

Documents Required to Raise Kotak Mahindra Standalone Own Damage Claim

To raise a Kotak Mahindra standalone own damage claim successfully, you will need the following documents:

Registration Certificate (RC) copy of the vehicle
Own Damage policy copy
Drivers driving license
FIR Copy (In case of theft and TP claim)
Duly filled and signed claim form
Repair bills and estimates of repair

FAQs

Q1. What is the claim ratio of Kotak car insurance?

Ans: Kotak Mahindra car insurance has a claim settlement ratio of 98%.
Q2. Is it compulsory to have Kotak Mahindra standalone own damage car insurance in India?

Ans: Having an own damage car insurance is not mandatory as per the motor laws. However, if you want to get additional cover for your car from unforeseen incidents, it is recommended that you purchase this cover along with the mandatory TP cover.
Q3. How can I reduce my Kotak Mahindra own damage car insurance premium?
Ans: You can reduce your Kotak Mahindra own damage premium by following the tips mentioned below:
- Installing an anti-theft device in your car
- Taking advantage of NCB reward by not raising a claim
- Taking advantage of discounts and deductibles
- Choosing your add-ons very carefully.
Q4. How can I know the status of my Kotak own damage car insurance?

Ans: To know the status of your Kotak Mahindra standalone car insurance policy, you can sign in to your Policybazaar account and find all your policy details in your dashboard.
Alternatively, you can also visit the customer support portal on the insurer’s official website or call their customer support team to know the status of your OD cover.