Kotak Mahindra Pay As You Drive Insurance

The Kotak Pay as You Drive is an additional cover offered under Kotak comprehensive car insurance that allows you to get a discount on own damage renewal premium. Also known as Kotak Meter (Switch On/ Switch Off) car insurance, this add-on is ideal for car owners who drive their cars less frequently.

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About Kotak Meter Switch On/Off Add-On

The Kotak Meter (Switch On/Switch Off) Cover allows the policyholder to switch off the OD cover when not using the car. When the vehicle is under use, the cover can be switched on back again.

For the number of days the switch is off and the car is idle, you will get a discount on own damage premium on the next year's car insurance renewal. This add-on only applies to damage sustained by the car during an accident. The third-party, theft and fire cover will work like a standard comprehensive car plan.

However, if you claim your accident cover (OD) in your policy period, you will not be eligible for next year's discount.

How Does Kotak Meter Switch On/Off Add-on Works?

Using this add-on, a policyholder can switch on the car insurance when it's in use and switch it off when it's not. Here is how this add-on works:

Purchase the Kotak comprehensive car insurance policy along with the Pay as you drive add-on
Download and install Policybazaar mobile app from Google Play or iOS store.
Log in to the app with your registered phone number
When you are not driving your car, simply switch off the meter button on the app
For the number of reward days, the switch is off, you will receive a discount.
Redeem the discount while renewing your car policy next year from Policybazaar.com.

For every continuous 24-hour period (OD cover) is off, you will be rewarded with 1 bonus day. The discount offered under this add-on is as follows:

Reward Days (Switch off)	Discount on accident cover (OD cover)
20 - 60	15%
61 - 120	25%
121 - above	40%

How to Buy Kotak Meter Switch On/Off Add-On?

Follow the steps mentioned below to purchase a Kotak pay as you drive additional cover:

Visit Policybazaar.com and select “Car Insurance”, from the homepage
Enter your car number in the given form and proceed with quotes
Enter your vehicle details such as RTO, model, make, variant, registration year
Fill in the given registration form
You will now find a list of car plans, out of which you will have to choose the Kotak comprehensive car plan that offers a Pay as you drive add-on.
Go through policy details and select the plan along with add-on covers
Now pay the policy premium via desired payment mode

After the payment, your Kotak Mahindra car insurance and the Pay as you drive add-on will be issued.

FAQs

Q1. Will I get covered if I switch off the accident cover from the app?

Ans: When the OD cover on the app is switched off, any accidental damages to your car will not be covered. However, theft, fire and third-party damage covers of the comprehensive policy will be active.
Q2. Who should buy the Kotak Meter car insurance add-on?

Ans: If you are an occasional driver who takes out their car much less, this add-on will suit you as you can switch it off when you aren’t driving. This way, you can save on your next year’s renewal premium.
Q3. How much discount can I receive with this add-on?

Ans: The discount percentage depends on the days your OD switch was off. You may receive a 40% discount on your premium based on the reward days. Moreover, for every 24 hours your OD cover was off, you will receive a 1-day bonus.