Kotak Mahindra Bike Insurance Claim

Kotak General Insurance Company offers a smooth and transparent claim handling process to its customers. The process to register Kotak Mahindra bike insurance claims is given below:

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Kotak Mahindra Cashless Bike Insurance Claim

The policyholder can file cashless bike insurance claims in the network garages only. You can file a claim for the expenses incurred or seek support in case of an accident or mishap while driving on the road. However, there is a process that you need to follow when registering your Kotak Mahindra Bike Insurance Claim and the details are given below.

List of Documents Required During Claim Settlement

Kotak Mahindra Bike Insurance policyholders can claim to compensate for any damages and loss that occurred while driving the two-wheeler. In that context, they should submit the following documents:

  • A policy copy
  • Kotak Mahindra bike insurance claimforms, signed and duly filled
  • A self-attested copy of the RC or the Vehicle Registration Certificate
  • A copy of the bike license if the damage took place while driving
  • The repairing invoice for the cashless claim
  • The repairing invoice, repairing estimate, and payment receipt for the non-cashless claim
  • Photocopies of identity and address proof of the policyholders

How to File Kotak Mahindra Cashless Bike Insurance Claim?

To register cashless claims, the process to be followed is given below:

  • Inform the Insurer- The individuals who require Kotak Mahindra bike insurance claimfor damage or loss that occurred to their vehicle or third-party asset must inform the company within 24 hours of the incident. They can call or email the customer care department. They can also file the claim from Policybazaar’s website under the Kotak Mahindra Claims Section.
  • Provide Details- They need to fill in details like their name, contact number, policy number, and other details and submit the form.
  • Coordinate- The company personnel will contact the individual and ask for the policy number, bike registration number, bike model number, and other necessary details. They will also ask for the date, time, place, and other details of the incident. On successful registration of claims, they will offer a claim registration number as confirmation.
  • Document Verification- The company personnel will verify all the documents, check the vehicle's condition, and survey the details necessary for the accident. Based on these, the surveyor will estimate the cost of repair and loss.
  • Claim Settlement- Assessing all the information, the company will decide the claim amount considering the deductibles, depreciation, legal and financial liabilities as applicable.

How to Register Kotak Mahindra Reimbursement Bike Insurance Claim?

The process to register reimbursement claims in case of an accident, loss, or damage during the policy term is below.

Step 1: The policyholder must immediately inform the company about the incident on the helpline number. You can also register a claim by visiting the nearest branch office of Kotak Mahindra General Insurance.

Step 2: You can register the claim at the branch office or by phone. On successful registration of claim registration, you will receive a claim reference number.

Step 3: The Insurer will send a surveyor to the place of the incident to verify the incident and estimate the cost of loss or damages that took place. Make sure that you do not move the bike to any garage before the surveyor reaches the place.

Step 4: Once the reimbursement claim is approved, you can move the bike to any garages and get the vehicle repaired at your expense first. The insurer will verify details and expenses that occurred for repairing and disburse the claim amount considering the deductibles and depreciation after approval.

Common Kotak Mahindra Bike Insurance Claim Rejection Reasons

While registering your bike insurance claim, avoid committing the following mistakes:

  • In case of misrepresentation of facts
  • False registration of the claim
  • Driving without a license or being drunk while the mishap took place
  • In case of any act of negligence for the incident or expense claiming process
  • In case of delay or failure to inform the company within 24 hours about the incident

Kotak Mahindra No Claim Bonus

The policyholder will be eligible for a No Claim Bonus (NCB) if no claim has been registered during the policy term. The NCB can reach up to 50% at the maximum limit in the fifth policy year, provided no claim is processed during each of the initial years. The insured person will lose all the benefits offered by the NCB if any claim is filed. Therefore, they should continue filing Kotak Mahindra bike insurance claims in case of extensive damage, or the claim amount is higher than NCB.

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 8 Reviews)

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Kotak Mahindra Bike Insurance Claim 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.
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!
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.
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.
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.

^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 (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis