Zurich Kotak Bike Insurance

Zurich Kotak (formerly known as Kotak) bike insurance offers comprehensive coverage for two-wheelers against various unforeseen events. The policy provides protection against losses or damages caused by a range of factors, including accidents, theft, natural calamities, fire, self-ignition, and other man-made hazards. The standard coverage of this two-wheeler insurance policy can be customised and enhanced by opting for various add-ons available at an additional premium.

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Zurich Kotak Bike Insurance Policy - Key Features

Categories Key Features
Two-Wheeler Network Garages 4200+
Claim Settlement Ratio (CSR) 98.0%
Personal Accident (PA) Cover Up to ₹ 15 Lakh
Customer Support Available 24x7

*Disclaimer: The information in this table is for general reference only. For specific policy features, please refer to the Zurich Kotak bike insurance policy document.

Why Choose Zurich Kotak Bike Insurance Policy?

Check out the compelling reasons to buy Zurich Kotak two-wheeler insurance policy:

  • Offers easy and quick bike insurance online purchase and renewal process online.
  • Enjoy the benefits of cashless repairs at more than 4200 network garages across India.
  • Get your two-wheeler insurance claims settled at a fast speed.
  • The customer support team is available 24*7 to help you solve any doubts or queries.
  • Customise your insurance needs with a variety of add-ons, such as zero depreciation cover or roadside assistance cover, to match your specific needs.
  • Save up to 50% on own-damage policy renewal premiums with a No Claim Bonus for maintaining a claim-free record.

Types of Zurich Kotak Bike Insurance Policy

Zurich Kotak General Insurance, formerly known as Kotak, is a joint venture between Kotak and Zurich Insurance Company Limited. Initially, the company was wholly owned by Kotak . However, in June 2024, Zurich Insurance acquired a 70% stake in Kotak General Insurance Company Limited, becoming the majority shareholder.

Check out the different types of bike insurance policies offered by the insurer:

  1. Two-Wheeler Protect - OD Only

    The Two-Wheeler Protect - OD Only policy covers damages to your own bike and is available only if you already have a valid third-party liability insurance policy for your bike. The OD bike policy covers the losses arising due to theft or burglary. This type of policy is commonly known as own-damage bike insurance policy.

  2. Long-Term Two-Wheeler Secure - Liability Only

    The Long Term Two-Wheeler Secure-Liability Only policy offers coverage only for third-party liability. This plan is valid for a duration of three years and does not cover damages to your own bike. Hence, it is termed as a third-party bike insurance policy.

  3. Long-Term Two-Wheeler Secure

    This comprehensive bike insurance plan by Zurich Kotak General Insurance provides complete protection for your two-wheeler by covering damages to your own bike as well as any third-party claims and their property. This policy is valid for three years, and you also have the option to enhance your coverage with add-ons.

  4. Long Term Two-Wheeler Secure Bundled

    The Zurich Kotak bundled bike insurance policy provides a combination of two different coverages for your vehicle. It includes three years of protection for third-party liability and one year of coverage for damages to your own bike. Notably, the bundled plan is specifically designed for new bikes or scooters.

  5. Long-Term Two-Wheeler Secure Liability Only - 5 Years

    This bike insurance policy is focused solely on third-party liability and is available for five years. It covers damages or losses you cause to other people and their property. This policy is also available only for the new two-wheelers.

Zurich Kotak Bike Insurance Policy Coverage

  • Inclusions
  • Exclusions

The policy will compensate the insured for any damage sustained by the insured vehicle due to any of the following:

  • ✅Damage or loss caused by lightning, fire explosion, or self-ignition.
  • ✅Coverage against damage or loss arising due to theft, burglary, or housebreaking.
  • ✅Provides protection against man-made disasters like terrorism, riots, strikes, etc.
  • ✅Covers damage to the insured bike from natural disasters such as earthquakes, floods, hurricanes, storms, typhoons, etc.
  • ✅Provides coverage against accidental damage.
  • ✅Damage or loss caused whilst in transit by waterway, road, rail, elevator, lift, or air.

Zurich Kotak two-wheeler insurance does not cover the following situations:

  • ❌No compensation for regular wear, tear, or depreciation with age.
  • ❌Losses due to mechanical breakdowns or failures are not covered.
  • ❌No coverage for accidents if the driver is under the influence of alcohol, drugs, or any intoxicating substances.
  • ❌Damages are not covered if the driver does not have a valid driving license at the time of the accident.
  • ❌Any indirect or consequential losses are excluded from coverage.
  • ❌Damage to tyres and tubes is not covered unless the bike is also damaged.

*Disclaimer: The inclusions and exclusions listed above are for informational purposes only. For complete details, please refer to the policy document.

Depreciation Rates for Different Parts of a Bike

Here are the depreciation rates for different parts of the two-wheeler:

  • Nylon, Plastic, and Rubber Parts (e.g., airbags, batteries, tyres, and tubes): Subject to 50% depreciation
  • Glass Parts: No depreciation applies
  • Fiberglass Parts: Subject to 30% depreciation
  • Paint Materials: Subject to 50% depreciation
  • Other Components (including wooden parts): Depreciation rates will be as specified in the policy document.

Depreciation Based on the Age of the Bike

Take a look at the depreciation rates of the two-wheeler on the basis of its age:

Age of Two-Wheeler Depreciation Rate (%)
From 0 to 6 months 0%
From 6 months to 1 year 5%
From 1 year to 2 years 10%
From 2 years to 3 years 15%
From 3 years to 4 years 25%
From 4 years to 5 years 35%
From 5 years to 10 years 40%
More than 10 years 50%

*Disclaimer: The depreciation rates highlighted in the table above are only for reference purposes. Please check the policy document to know the exact terms and conditions.

Personal Accident (PA) Coverage for Bike Owners

Zurich Kotak bike insurance offers a personal accident cover of up to ₹15 lakh for the owner/driver of the two-wheeler. The benefit amount is paid in case of permanent and total disability of the owner/driver or death due to an accident. The payout is based on the following scale:

Type of Injury Compensation Percentage
Loss of one limb or one eye vision 50%
Death 100%
Loss of both eyes, both limbs or one eye and one limb 100%
Permanent total disability due to any other injuries 100%

Important Points to Consider Under Personal Accident (PA) Cover

Zurich Kotak General Insurance will provide Personal Accident compensation only for any one condition included in the table above, and the maximum liability of the insurance company for any policy period will not extend ₹15 lakh. Moreover, the insurer will not provide compensation if the death or injury is caused by intentional self-harm, suicide, pre-existing physical issues, or accidents occurring while the driver is under the influence of alcohol or drugs.

How to Buy/Renew Zurich Kotak Bike Insurance?

Listed below are the steps for buying or renewing your Zurich Kotak Bike Insurance policy through the official website of Policybazaar Insurance Brokers Private Limited:

  • Step 1: Visit Policybazaar.com, hover over the 'Insurance Products' section, and pick 'Bike Insurance' from the dropdown menu.
  • Step 2: Enter your bike's registration number and click 'View Prices'. In case of unavailability of the registration number, simply choose 'Bought a New Bike' to proceed.
  • Step 3: Choose the appropriate details related to your bike, like model, city, variant, RTO, etc., then click on 'View Plans'.
  • Step 4: Browse through the list of plans and select the Zurich Kotak bike insurance plan that best fits your requirements.
  • Step 5: Opt for either third-party coverage or comprehensive coverage.
  • Step 6: If you want extra protection, consider adding add-on covers like roadside assistance cover, zero depreciation cover, engine protection cover, or others that might suit your needs.
  • Step 7: Complete the payment process using your preferred payment method. Once your payment is successful, the policy document will be sent directly to your registered email ID.

How to File a Zurich Kotak Bike Insurance Claim?

Zurich Kotak bike insurance claims under different scenarios can be filled by following the steps below:

  1. For Theft Claim

    The steps to follow to raise a theft claim are as follows:

    • Step 1: Inform about the incident to the closest police station and obtain the First Information Report (FIR).
    • Step 2: Share the copy of the FIR with your two-wheeler insurance provider.
    • Step 3: The insurance company will appoint a surveyor to analyse the case.
    • Step 4: Notify the Regional Transport Office about the theft incident.
    • Step 5: Gather and submit the required documents to file a claim.
    • Step 6: If your bike remains untraceable for one month, get an 'untraceable report' from the police to finalise your bike insurance claim.
  2. Accident Claim

    The following are the steps to raise an accidental claim:

    • Step 1: Notify your insurance provider about the accident and fill out the claim form available on their website.
    • Step 2: A surveyor will visit the accident site to assess the extent of damages or losses caused to the insured vehicle.
    • Step 3: Proceed further by submitting the supporting documents.
    • Step 4: In case of a cashless claim, the insurer pays the repair bill directly to the authorised network garage for repairing those damages. In case of a reimbursement claim, send your damaged bike to any of your nearest garages. Here, you have to pay the repair bill upfront, and the insurer will refund the same later directly into your bank account.
  3. Third-Party Claim

    Here are the steps to follow to file a third-party claim:

    • Step 1: Brief the accident details to your bike insurance company.
    • Step 2: Submit any court summons to the insurer.
    • Step 3: Complete, sign the claim form, and submit it
    • Step 4: Provide all required documents to the insurer.
    • Step 5: The Tribunal court will review the case and make a decision accordingly.

Documents Required for Raising Zurich Kotak Bike Insurance Claims

The documents required for raising different types of bike insurance claims are as follows:

  1. For Theft Claims

    If your bike is stolen, you will need:

    • A signed claim form
    • FIR reporting the theft
    • RC copy of the bike and all original keys
    • Original insurance policy document
    • A 'no-trace report' from the police confirming that the bike cannot be found
    • Driving Licence (DL)
  2. For Accident Claims

    For claims due to accidents, have the following documents ready:

    • Completed and signed claim form
    • Owner's Driving Licence (DL)
    • Original RC of the vehicle
    • Repair invoice and payment receipt (Only invoice is needed if the bike is repaired at a cashless network garage)
    • Copy of the first two pages of the insurance policy
    • Motor Collision Report (MCR) or FIR
    • Original repair estimate
  3. For Third Party Claims:

    For claims involving third-party damages or injuries, you will need:

    • Signed claim form
    • Original driving licence
    • Police FIR
    • RC copy of the bike
    • Current two-wheeler insurance policy document
    • A stamp if the bike is registered under a company name

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Zurich Kotak Two-Wheeler Insurance - Frequently Asked Questions (FAQs)

  • Q1. What is the claim settlement ratio for Zurich Kotak bike insurance?

    Ans: The claim settlement ratio for Zurich Kotak bike insurance is 98.0%.
  • Q2. How do I download my Zurich Kotak bike insurance policy?

    Ans: You can download your Zurich Kotak bike insurance policy by visiting the official website of Zurich Kotak General Insurance or by logging into your account on Policybazaar.com.
  • Q3. How long does it take to settle a claim with Zurich Kotak bike insurance?

    Ans: Zurich Kotak General Insurance processes and settles claims at the earliest to avoid hassles.
  • Q4. What factors influence the premium for Zurich Kotak bike insurance?

    Ans: The premium for Kotak bike insurance depends on factors like the bike's make and model, selected add-ons, coverage duration, type of policy chosen, etc.
  • Q5. Can I buy multiple add-on covers with Zurich Kotak bike insurance?

    Ans: Yes, you can buy as many add-ons as you need from the options offered by Zurich Kotak bike insurance. For the best deals, visit the official website of Policybazaar Insurance Brokers Private Limited and get a long list of valuable bike insurance add-ons to enhance the policy coverage.
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Average Rating
(Based on 8 Reviews)

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Zurich Kotak Bike Insurance Reviews & Ratings

4.5 / 5 (Based on 8 Reviews)
(Showing Newest 8 reviews)
P
Patna, August 18, 2021
great benefits
I was looking for policy for my bike.after seeing many company, i liked the website of policy bazaar.company has given the brief details about their policies on their website. looking at the benefits, i took the Kotak Mahindra two wheeler policy and i bought this policy online without much hassle.
Sanjeev
Ayodhya, June 04, 2021
Good customer expert team
The customer expert team of Policybazaar is best and I had bought a Kotak Mahindra two wheeler insurance policy from them. I am happy that I have got best two wheeler insurance plan.
Prem
Gurgaon, June 04, 2021
Flexibility in buying the plan
It is flexible to know and to buy the kotak Mahindra two wheeler insurance policy from the website of the Policybazaar. I really like it and I can adjust and customize my plan as per my requirement and services. It is easy to do.
Santosh
Ata, June 04, 2021
Bought the additional covers
When I bought the Kotak Mahindra two wheeler insurance policy I had also got the additional covers with the same. Those covers are really nice andup to the mark. It has definitely saved my two wheeler.
Palak
Odagoan, February 10, 2021
Such Quick Comparison
It was so easy to compare two-wheeler quotes on their site. They helped me select add-on covers to enhance my policy and get the best one. I looked for bike insurance comparison and got the policy in just few minutes.
Roma
Laharpur, February 10, 2021
Policy Purchase in Few Steps
Today I bought a TATA AIG two-wheeler insurance plan in 3 simple steps. I paid them the policy premium online and they mailed it to me. TATA AIG car premium is quite affordable and coverage is quite comprehensive. Thank you Policybazaar was solving my problem.
Raju
East Godavari, February 10, 2021
Best two-wheeler plans
Policybazaar is known for easy online comparison of insurance policies. And this is true and I realized it when I bought it online from them recently. I am going to buy all the insurance policies for me any my family from you only.
Deepak
Wadhwan, February 10, 2021
Cashless Health Claims
The insurance company paid my bike repair bills directly as I had comprehensive policy and the repair were done at a network workshop. I am so happy and satisfied customer. Thank You!

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in