Kotak Mahindra Comprehensive Bike Insurance

Kotak Mahindra Comprehensive Bike Insurance offers extensive insurance coverage for bikes and other two-wheelers. It covers various insurance aspects of a two-wheeler. This article compares the policy benefits of the third-party bike insurance offered by Kotak Mahindra General Insurance Company Ltd. with the comprehensive plan. It also mentions various benefits offered by the policy and identifies a list of clauses where the policy does not offer any benefits.

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Kotak Mahindra Comprehensive Bike Insurance vs. Third-Party Bike Insurance

The comprehensive bike insurance and third-party bike insurance offered by Kotak Mahindra General Insurance Company Ltd. are different in various aspects. The following table represents the difference between the both:

Kotak Mahindra Comprehensive Bike Insurance

Third-Party Bike Insurance

Provides coverage for third-party liability and damages incurred by the insured vehicle and person.

Provides coverage to third-party liabilities only.

Protects against damages caused natural or manmade activities.

Doesn’t protects against damages caused by natural or manmade activities.

You can add additional benefits to the comprehensive policy.

You cannot add additional benefits to the third-party policy.

It is not mandated by law.

This type of policy is made compulsory by law.

Because of its vast coverage, the premium costs are high.

Because of its limited coverage, the premium costs are low.

What is Covered under Kotak Mahindra Comprehensive Bike Insurance Plan?

Kotak Mahindra General Insurance Company Ltd. offers three key insurance covers:

  • Third-party insurance cover: Facilitates the protection against the legal liability raised due to the damage of any third-party asset or permanent injury or death of other persons that occurred due to the insured two-wheeler.
  • Loss or damage cover:Facilitates the protection of the two-wheeler and the insured individuals in case the damage occurred due to natural or man-made calamities.
  • Personal insurance cover: Offers insurance up to INR 15 lakhs for the owner-driver. It also offers optional add-on insurance cover for the co-passengers.

What Is Not Covered Under Kotak Mahindra Comprehensive Bike Insurance?

Kotak Mahindra Comprehensive Bike Insurance does not include various covers in case of damage or loss of vehicles. The list of benefits excluded from the insurance cover is mentioned below:

  • The damage or loss occurred due to aging or wearing
  • The damage or loss occurred if the driver was drunk or without a license while driving
  • The damage occurred due to depreciation or any consequential loss
  • The loss or damage occurred due to the influence of war, nuclear risk, or mutiny
  • When the vehicle is used beyond its permissible limitation
  • If only the tyres and tubes are damaged, the policyholders would receive up to 50% of the cost of replacement

Kotak Mahindra Comprehensive Bike Insurance Benefits

Key benefits offered by the Kotak Mahindra Comprehensive Bike Insurance are listed below:

  • It allows policyholders to choose from multiple tenure options available such as 1,2, or 3 years. In addition, Kotak Mahindra comprehensive bike insurance policyoffers low premium rates and various discounts if longer policy tenure is chosen.
  • It does not increase the premium rate at each annual revision if 2 or 3 years tenure is chosen.
  • The policy offers attractive discounts based on the previous claim history of the policyholder.
  • The policy also offers additional discounts if the policyholder is an active member of the Automobile Association of India.

FAQs

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 Comprehensive 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.
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