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Zurich Kotak Commercial Vehicle Insurance
Zurich Kotak commercial vehicles insurance covers vehicles, such as trucks, buses, auto-rickshaws, taxis, etc. It protects commercial vehicles against damages caused by accidents, theft, natural calamities, and other unforeseen incidents. Having at least a third-party insurance is mandatory for all commercial vehicle owners as per the Motor Vehicles Act of India.
About Zurich Kotak General Insurance Company (India) Limited
Zurich Kotak General Insurance Company (India) Limited is a joint venture between Zurich Insurance Group and Kotak Mahindra Bank. It is one of the fastest-growing general insurance companies in India.
The company aims to redefine the insurance sector in India with innovative, digital-first solutions tailored to modern needs. It offers customized products and services for motor insurance, health insurance, home insurance, etc.
Key Features of Zurich Kotak Commercial Vehicle Insurance
| Feature | Coverage/Benefit |
| Third Party Coverage | Yes |
| Own Damage Cover | Yes |
| Add-On Covers | Yes |
| 24x7 Claim Assistance | Yes |
| Personal Accident Cover | Mandatory of up to ₹15 Lakh |
Benefits of Zurich Kotak Commercial Vehicle Insurance
Policyholders can enjoy multiple advantages by opting for a Zurich Kotak commercial vehicle insurance plan:
- 4600+ network garages for cashless repairs
- 24/7 Customer Assistance for claims, renewals, and inquiries.
- Super fast and completely digital claim process
- Several add-ons to extend coverage based on business requirements
Types of Zurich Kotak Commercial Vehicle Insurance
Zurich Kotak General Insurance Company (India) Limited offers two types of commercial vehicle insurance policies that are mentioned below:
- Third-Party Commercial Vehicle Insurance: This is a mandatory insurance policy as per the Indian Motor Vehicle Act. A third-party commercial vehicle insurance only covers liabilities arising due to injury or death of any person or damages caused to third-party property.
- Comprehensive Commercial Vehicle Insurance: Unlike a third-party insurance, a comprehensive commercial vehicle insurance is not mandatory as per the law. However, it is strongly recommended as it covers both third-party liabilities and own damages due to theft, accidents, natural calamities, etc.
Coverage under Zurich Kotak Commercial Vehicle Insurance
- All third-party liabilities
- Loss or damage due to fire, explosion, or self-ignition
- Damages caused by theft or burglary
- Losses incurred due to natural disasters like floods, earthquakes, storms
- Any loss or damage caused by man-made events like riots, strikes, and terrorism
- Damages caused by accidents and collisions
- Regular wear and tear
- Electrical and mechanical failures
- Driving without a valid license
- Damages caused while driving under the influence of drugs/alcohol
- Using the insured vehicle for purposes other than permitted use (e.g., private use of a goods carrier)
- Losses due to nuclear risks or war
- Damages outside the geographical limits of India
Zurich Kotak Commercial Vehicle Insurance Add-Ons
Zurich Kotak commercial vehicle insurance can be purchased with the following add-ons to enhance the coverage at an additional premium:
- Zero Depreciation Cover: The zero dep add-on helps policyholders avoid the depreciation cost on the repaired and replaced parts.
- Personal Accident Cover: This is a mandatory cover for the owner-driver of up to ₹15 lakh to cover damages caused in case of injury, death, or disablement.
- IMT 23: It provides coverage for damages caused to uninsured parts, such as tubes, tyres, etc., after deducting depreciation on the replaced and repaired parts.
How To Buy Zurich Kotak Commercial Vehicle Insurance?
Here are the steps to buy and renew a Zurich Kotak commercial vehicle insurance policy online from Policybazaar Insurance Brokers Pvt. Ltd.:
- Visit the homepage of policybazaar.com.
- Select "Commercial Vehicle Insurance"
- Enter your vehicle registration number or click on "I have a brand new vehicle".
- Fill in all the required fields, select the add-ons, IDV, and NCB (in case of renewals)
- All the plans will be displayed. Choose the most suitable Zurich Kotak commercial vehicle insurance.
- Pay the premium and download the policy instantly.
How To File Zurich Kotak Commercial Vehicle Insurance Claim?
Policyholders can use the steps mentioned below to file a Zurich Kotak commercial vehicle insurance claim:
Claim Intimation
Notify the insurer via the website, app, or toll-free number immediately after the incident.
Vehicle Inspection
The insurer will assign a surveyor to assess the damages.
Document Submission
Provide all the required documents, such as claim form, driving license, RC, etc.
Repair and Claim Settlement
Once the verification is complete, the vehicle will be repaired at a network garage and the claim amount will be settled.
Documents Required for Zurich Kotak Commercial Vehicle Insurance Claim
The following documents must be submitted to file a Zurich Kotak commercial vehicle insurance claim:
- Duly filled and signed Claim Form
- Registration Certificate (RC) of the vehicle
- Valid Driving License
- Insurance Policy Copy
- Fitness Certificate
- Invoice or Repair Bills
- FIR Copy (in case of theft, injury, or third-party involvement)
- Load Challan / Goods Receipt (if applicable)
- Permit and Authorization Certificate (for inter-state transport)
Zurich Kotak Commercial Vehicle Insurance FAQs
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Q1. How to download my Shriram commercial vehicle insurance policy?
Ans: You can easily download your Shriram commercial vehicle insurance policy online on the official website of Shriram General Insurance Company or even on insurance broker websites like policybazaar.com. -
Q2. What is the Shriram commercial vehicle insurance price?
Ans: The Shriram commercial vehicle insurance price depends on several factors such as make, model, engine capacity, gross vehicle weight, insurance type, etc. However, the premium for third-party commercial vehicle insurance is solely decided by the IRDAI. -
Q3. Where can I find the Shriram commercial vehicle insurance claim form?
Ans: You can find the Shriram commercial vehicle insurance claim form from the official website of the insurer. Go to the 'downloads' section to download the claim form.
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Q4. What are the steps for Shriram commercial vehicle insurance renewal?
Ans: You can renew your Shriram commercial vehicle online easily from insurance aggregator websites like policybazaar.com. Go to the homepage, select the commercial vehicle insurance tab and fill the required details to instantly renew your commercial vehicle insurance.
Secure your commercial vehicle
Renew via self video inspection
Lowest premium starting ₹ 3,211
Standard T&C Apply.
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