Kotak Mahindra Third-Party Bike Insurance

Kotak Mahindra Third-Party Bike Insurance is effective for consumers who want to have bike insurance, offering both personal accident cover and third-party legal liability cover. The bike insurance is similar to other available bike insurances. However, it offers diverse protection plans within a restrictive budget. Therefore, it is suitable for consumers who demand insurance that will not require paying high premiums. Furthermore, the insurance offers additional security to the insured if any damage occurs to a third party bike involving the policyholder’s bike.

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Kotak Mahindra Third-Party Bike Insurance vs Comprehensive Bike Insurance

 

Features

Kotak Mahindra Third-Party Bike Insurance

Comprehensive Bike Insurance

Requirement

It is a mandatory cover.

It is an optional cover.

Coverage Duration

The plan provides a cover for 1, 2, or 3 years as desired by the policyholder.

One can opt for up to 5 years of coverage.

Add-on Covers

No add-on covers are available.

Add-on covers such as roadside assistance, zero depreciation, and others are available.

What Is Covered Under the Kotak Mahindra Third-Party Bike Insurance Plan?

The bike insurance plan covers the following things:

  • Cover for partial or total loss or damage:Kotak Mahindra third-party bike insurance policy offers protection for the partial or total loss of a third party vehicle due to collision.
  • Personal accident cover:The cover includes both driver and owner of two-wheeler as beneficiaries. The cover is offered in case the rider suffers any injury in an accident.
  • Kotak Mahindra bike insurance third party cover:The cover is offered to bear costs if the owner or diver of the bike incurs accidents that make the third party the victim. In that context, the insurance cover helps to bear the expenses for legal action.
  • Premium:The policyholders are required to pay annual premiums. However, they would not be required to pay an increased premium as per the revisions of Kotak Mahindra third party cover bike insurance liability rate if they opt for insurance of 2 or 3 years tenure.
  • Multiple-tenure:To offer more feasible third party bike insurance, Kotak Mahindra has set policy tenure for either 1, 2, or 3 years.
  • No-claim bonus:The policyholders can claim attractive bonuses based on their past claim history and overall policy management.
  • Additional discounts: The active members of the Automobile Association of India (AAI) can get additional discounts on the insurance plan.

What Is Not Covered Under Kotak Mahindra Third-Party Bike Insurance Plan?

The following incidents are excluded from the Kotak Mahindra Third-Party Bike Insurance policy:

  • Damage of car due to war, nuclear risk, or mutiny

  • Damage of car due to depreciation, ageing, or consequential loss of the vehicle

  • Damage while drunk driving or without a valid license

  • In case the two-wheeler is used beyond its limitations

Expert’s Verdict

Kotak Mahindra Third Party Bike Insurance is effective for bike owners who want to buy a helpful but cost-effective policy. It ensures key necessities of the rider, such as individual protection in the form of the personal accident cover and third-party liability protection. The policy offers these benefits at considerable premiums. However, it will not offer additional benefits to enhance the coverage for ensuring higher protection.

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 Third-Party 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