Types of Car Insurance Provided by Kotak Mahindra General Insurance

Having valid motor insurance is a mandatory requirement for every vehicle owner in India. There are multiple motor insurance companies that offer economical four-wheeler insurance plans that you can choose from. One such insurance company offering different types of car insurance plans is Kotak Mahindra General Insurance Co. Ltd. Read further to know more about the car insurance policy provided by the insurance company.

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Above-mentioned prices are for a 7-year-old Maruti WAGON R AVANCE LXI (998 CC) registered in Gurgaon and 15 days before expiry of previous policy

Features of Car Insurance Provided by Kotak Mahindra General Insurance Company

Kotak Mahindra General Insurance Co. Ltd offers a wide range of features with its four-wheeler insurance plans. These features are:

1. Cashless Servicing:

Kotak Mahindra General Insurance Company has more than 1000 network garages across the country that offer the facility of cashless servicing. If your car gets damaged while commuting, you can get it repaired on a cashless basis in these network garages.

2. Voluntary Deductible Discount:

You can also get additional discounts on your insurance premiums when you opt for voluntary deductibles in addition to compulsory deductibles. Discounts are given as per the tariff of the insurance policy.

3. NCB Discounts & Entitlements:

The company allows you to retain your No Claim Bonus (NCB) benefits whenever you choose to shift your car insurance policy from another insurance company to Kotak Mahindra General Insurance Co. Ltd.

4. AAI Members Discount:

If you are an active member of the Automobile Association of India (AAI), then the Kotak Mahindra General Insurance Company will offer you an additional discount on your insurance premium.

Types of Kotak Mahindra General Car Insurance Policy

Kotak Mahindra General Insurance Company offers four types of car policy. Here are brief details of these plans:

1. Kotak Mahindra Liability Only (Private Car) Insurance Plan

The Liability Only (Private Car) insurance plan by Kotak Mahindra General Insurance Company covers the car owner against injuries/damages caused to the third party by the insured car. If the insured car meets with a road accident causing damage to a third party property, this cover will help you compensate them for those damages for up to Rs 7.5 lakh. It also covers any bodily injury, including death, caused to a third party due to an accident involving the insured car.

However, the Liability Only insurance plan does not provide any coverage for the insured vehicle. But since personal accident cover is mandatory for all car owners in India, it will provide compensation to the car’s owner-driver in case of accidental death or disability.

The Kotak Mahindra Liability Only (Private Car) plan is also available as a bundled policy as well as for a tenure of three years for brand new cars.

2. Kotak Mahindra Car Secure Insurance Plan

Kotak Mahindra General Insurance Company offers the Car Secure plan that provides comprehensive coverage to the insured car against damages arising due to natural disasters, manmade disasters, accidents, theft, fire, etc. It offers personal accident cover of up to Rs. 15 lakh for the owner-driver of the car. This comprehensive plan also covers any third-party property damages or injury and death of the third party that may arise during a road accident caused by the insured car.

The Kotak Mahindra Car Secure plan is also available with a policy tenure of 3 years for brand new cars as well as a bundled policy.

3. Kotak Mahindra Car Secure (OD Only) Insurance Plan

Kotak Car Secure-OD Only insurance plan offers own damage cover to the insured car in addition to a third-party liability-only policy. The OD Only plan covers the insured car against damages sustained in case of an accident, fire, natural calamity, theft, etc.

If a policyholder already has a third-party liability-only policy and wishes to cover the insured car, he/she may purchase the Kotak Car Secure-OD Only plan. The OD Only cover is not mandatory like third-party insurance cover. However, it is advisable to purchase it as it provides enhanced coverage as compared to third-party insurance.

4. Kotak Mahindra Compulsory Personal Accident (Owner-driver) Insurance Plan

Kotak Mahindra Personal Accident cover can be bought if a car owner does not have a PA cover already. A personal accident cover provides compensation in case the owner-driver of the car has suffered bodily injuries, permanent disability or death in a road accident.

Currently, under this plan, the owner-driver of the insured car is given a personal accident cover of Rs. 15 lakh by the insurance company.

What Is Not Covered Under Kotak Mahindra General Car Insurance?

There are also certain risks that Kotak Mahindra General Company Insurance excludes from its four-wheeler insurance plans. If you register an insurance claim arising out of these risks, the insurer has the right to reject your claim.

Some of these exclusions under Kotak Mahindra General Car Insurance policy include wear, tear & general ageing of the car, any consequential loss, mechanical & electrical breakdown, any contractual liability, damages due to drunk driving, damages caused while driving without a valid driving license, damages due to nuclear risk or war and the car being used for a purpose other than personal use.

Are There Any Optional Covers Under Kotak Mahindra General Car Insurance?

Yes. Kotak Mahindra General Insurance Company also offers a range of add-on covers that provide enhanced protection to a car owner. These add-ons are available at an additional premium and can be opted for while purchasing a four-wheeler insurance plan.

Some of these add-ons comprise of Zero Depreciation Cover, Consumables Cover, Engine Protect Cover, Return to Invoice Cover, Roadside Assistance Cover, Key Replacement Cover, Tyre Cover, Personal Belongings Cover, and NCB Protect Cover, etc.

Wrapping Up!

Kotak Mahindra Car Insurance Company, with multiple facilities on its four-wheeler insurance policies, offers all-around safety to a car owner. Moreover, its comprehensive Car Secure insurance plan can provide vast coverage during an unexpected situation, such as a road accident. In case you are planning to purchase an insurance plan for your car, make sure to quickly compare all types of car policies on Policybazaar.com and then choose the one that best suits your needs.

Written By: PolicyBazaar - Updated: 02 February 2022
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