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Zurich Kotak Third-Party Bike Insurance
Zurich Kotak (formerly known as 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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- Zurich Kotak Third-Party Bike Insurance
Zurich Kotak Third-Party Bike Insurance vs Comprehensive Bike Insurance
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Features |
Zurich Kotak Third-Party Bike Insurance |
Comprehensive Bike Insurance |
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Requirement |
It is a mandatory cover. |
It is an optional cover. |
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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. |
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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 Zurich Kotak Third-Party Bike Insurance Plan?
The bike insurance plan covers the following things:
- Cover for partial or total loss or damage:Zurich Kotak 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.
- Zurich Kotak 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 Zurich Kotak 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, Zurich Kotak 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.
Explore Kotak Mahindra Bike Insurance
What Is Not Covered Under Zurich Kotak Third-Party Bike Insurance Plan?
The following incidents are excluded from the Zurich Kotak (formerly known as Kotak Mahindra) Third-Party Bike Insurance policy:
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Damage of car due to war, nuclear risk, or mutiny
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Damage of car due to depreciation, ageing, or consequential loss of the vehicle
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Damage while drunk driving or without a valid license
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In case the two-wheeler is used beyond its limitations
Expert’s Verdict
Zurich Kotak 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
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Q1. Can the Zurich Kotak Third-Party Bike Insurance policy be purchased online?
Yes, the policy can be purchased through the company website. Interested individuals can visit the site and register themselves. The company personnel will help with other processes to finally purchase the insurance.
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Q2. What are the documents required to purchase Zurich Kotak Third-Party Bike Insurance?
The list of documents includes address proof, date of birth proof, income proof, and identity proof to facilitate the KYC process for the policy purchase. The specific acceptable documents are mentioned on the website and policy brochure.
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Q3. How to raise a claim under my Zurich Kotak Third-Party Bike Insurance?
The policyholders are required to visit the company website and register for the claim. After getting the claim registration number, you can proceed with the further processes of getting the claim amount.
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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^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
