About Okaya Bikes
Okaya Electric Vehicles is a part of the Okaya Group. It is a relatively new player in the electric vehicle market, focusing on eco-friendly two-wheelers tailored for urban commuting. Okaya offers a range of electric scooters, including models like the Faast series. The company aims to support India's transition to green energy by providing reliable electric alternatives, making it easier for urban riders to reduce their carbon footprint.
Popular Okaya Bike Models With Bike Insurance Price
Okaya Bike Models (Registration 2024) | Zero Dep Cover* (Add-on Cover) | Estimated Okaya Insurance Price* (1+5 Bundled Policy) |
Okaya Faast F2B STD Ebike (2.5) | ₹ 697 | ₹ 3,275 |
Okaya Faast F4 (2.5) | ₹ 936 | ₹ 3,488 |
*Disclaimer: Okaya Insurance price may change depending on factors like the insurance provider you choose, the bike model you own, the manufacturing year of the bike, the registration location, and the Insured Declared Value (IDV). Further charges may apply to your insurance policy if you're opting for add-ons .
Okaya Insurance Price Calculator
If you want to get an instant quote on Okaya bike insurance, you can use the online bike insurance calculator available on Policybazaar.com. This tool allows you to compare insurance options specific to your Okaya bike model. Simply enter details such as:
- The ex-showroom price of your bike
- Model and variant information
- RTO location and registration year
- Claim history (if applicable)
Coverage Under Okaya Insurance Policy
- Inclusions
- Exclusions
The following coverages are typically included in an Okaya bike insurance policy:
- Theft or Total Loss: If your bike is stolen or damaged beyond repair, the policy compensates based on the Insured Declared Value (IDV).
- Accidental Damage: This covers expenses for repairs due to accidents, including third-party liability. If an accident results in injury to others or damage to property, the policy assists with legal and medical costs.
- Fire-Related Incidents: Damages due to fire, explosions, or similar incidents are included in the coverage.
- Natural Disasters: Protection extends to damages from natural events like earthquakes, floods, and storms.
- Civil Disturbances: Damages from riots, strikes, vandalism, or public disturbances are also covered.
Some incidents and conditions are not covered under an Okaya bike insurance policy:
- Routine Wear and Tear: Regular maintenance, normal wear, and mechanical breakdowns are excluded, as these are part of standard upkeep.
- Influence of Alcohol or Drugs: Damages occurring while riding under the influence of alcohol or drugs do not qualify for claims.
- Invalid Documentation: Claims may be denied if required documents, such as a valid driver's licence, are missing or invalid at the time of the incident.
- Improper Use or Negligence: Damages resulting from misuse, negligence, or involvement in illegal activities are not covered.
- Out-of-Coverage Incidents: Incidents occurring outside the policy's geographical scope or after policy expiry are not eligible for coverage.
*Disclaimer: Coverage terms may vary based on the insurer. Reviewing your Okaya insurance policy in detail is essential to understand all terms, inclusions, and exclusions.
How to Buy/Renew Okaya Insurance Online?
If youre looking to buy or renew Okaya bike insurance online, follow these steps:
- Step 1: Visit Policybazaar.com and go to the "Bike Insurance" section.
- Step 2: Choose the policy type you need. For renewals, enter your bike's registration number. If you're insuring a new bike, select the "Bought a New Bike" option to proceed.
- Step 3: Fill in the required details, including your bike's model, variant, and registration information. Providing accurate information helps ensure a smooth and efficient process.
- Step 4: Browse the available insurance plans. Compare the coverage, benefits, and costs of each plan to find the best match for your needs.
- Step 5: Select your preferred level of coverage. A comprehensive policy offers extensive protection, while a third-party policy provides basic liability coverage.
- Step 6: Complete your purchase by making the payment. Once done, the Okaya insurance policy document will be sent to your email address.
Okaya Insurance Policy Add-ons
To enhance your Okaya insurance policy cover, you can use these add-ons:
- No Claim Bonus (NCB) Protection Cover
- Zero Depreciation Cover
- Engine Protection Cover
- Return-to-Invoice (RTI) Cover
- 24/7 Roadside Assistance
- Passenger Assistance Cover
- Personal Accident Cover
- Consumables Cover
How to Claim Okaya Insurance Online?
To file an insurance claim for your Okaya bike, follow these steps:
- Step 1: Contact your insurer immediately after the incident to avoid delays in claim processing. Keep your policy number and incident details ready for smooth claim registration.
- Step 2: Once the claim is registered, an insurance surveyor will inspect the damages to your Okaya bike to confirm coverage and validate the claim.
- Step 3: Gather and submit essential documents, such as your ID, completed claim form, original Okaya insurance policy, and the bike's registration certificate. Photos of the damage can further support your claim.
- Step 4: For cashless claims, you can take your bike to an authorised Okaya service centre. The insurer will settle repair costs directly based on the surveyor's assessment.
- Step 5: If you opt for a non-network service centre, you must pay for repairs upfront and then submit the bills to your insurer for reimbursement.
Okaya Insurance Online FAQs
-
Q. Can I customise my Okaya bike insurance policy?
Ans: Yes. You can enhance your Okaya insurance with add-ons like Zero Depreciation, Engine Protection, and Roadside Assistance to better suit your needs. -
Q. What documents are required for an Okaya insurance claim?
Ans: You typically need your ID, completed claim form, original insurance policy, bike registration certificate, and any relevant photos of the damage. -
Q. How does Okaya insurance renewal work?
Ans: To renew your Okaya insurance, visit Policybazaar.com, enter your bike's details, select the desired coverage options, and make the payment. -
Q. Is a cashless claim facility available for Okaya bikes?
Ans: Yes. If you visit an authorised Okaya service centre, repair costs will be settled directly by the insurer under cashless claim benefits. -
Q. Can I renew Okaya insurance online after it has expired?
Ans: Yes. You can renew expired Okaya insurance online by providing the necessary details, although a vehicle inspection may be required.
^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 is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in