Ola Electric Scooter Insurance

With the revolution in the automobile industry, Ola Electric scooters have embarked on growth with its impressive lineup featuring stylish scooters. If you plan to buy any of these models, you must insure it with the right e-bike insurance policy, which provides extensive coverage and peace of mind.

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Popular Ola Electric Scooters Model with Insurance Price

Ola Electric Scooter Models (Registration 2024)	*Zero-Dep Cover (Add-on Cover)**	*Estimated Ola Electric Scooter Insurance Price (1+5 Bundled Policy)**
Ola S1 – Air (4.0)	₹ 311	3,674
Ola S1 – Pro (8.5)	₹ 1,193	7,333
Ola S1 - Pro 2 Gen STD Ebike (11)	₹ 1,075	7,534
Ola S1 - STD (8.5)	₹ 972	7,256
Ola S1 - X 2KWH (6.0)	₹ 344	4,170
Ola S1 - X 3KWH (6.0)	₹ 377	4,256
Ola S1 - X 4KWH (6.0)	₹ 646	4,112
Ola S1 - X Plus (6.0)	₹ 425	4,382

*Disclaimer: The Ola Electric scooter insurance premium may vary from insurer to insurer. However, it also depends on other factors, like registration location & year, model, variant, IDV, ex-showroom price, add-ons, etc.

About the Ola Electric Scooter

Ola Electric scooters are EVs designed by an Indian electric two-wheeler manufacturer based in Bangalore to make a greener future. The objective is to promote a green environment by reducing emissions. Currently, the company is offering three variants namely Ola S1 Air, Ola S1 Pro, and Ola S1-X, which has made a massive success in the market.

Ola Electric Scooter Bike Insurance Premium Calculator

The Ola Electric Scooter bike insurance premium calculator is an online tool that helps you know the estimated insurance premium for a particular electric scooter model. Policybazaar Insurance Brokers Private Limited gives this as a free tool to find the estimated premium. Here are the details required for doing the calculation:

Bike's brand name, model, and variant
Ex-showroom price
Registration year & city
Year of purchase
Previous claim history

Coverage Under Ola Electric Insurance

Inclusions
Exclusions

Here are the inclusions of an Ola Electric insurance policy:

✅Damages to third-party vehicles or property.
✅Damages to the Ola scooter in accidents.
✅Coverage for third-party demise or injury.
✅Damages due to natural calamities like flooding, earthquakes, etc.
✅Damages from man-made disasters, such as riots, vandalism, etc.
✅Theft of the scooter.
✅Irreparable damages (total loss or constructive total loss)

Here are the exclusions of an Ola Electric insurance policy:

❌Damages sustained in the vehicle while riding without mandatory documents, such as RC of the vehicle, DL of the rider, bike insurance policy and PUCC.
❌Damages due to illegal racing, over speeding, or negligence.
❌Loss due to wear and tear over time.
❌Loss arising due to riding under the influence of intoxicated substances, such as alcohol, drugs, etc.
❌Damages happened to the Ola electric scooter outside specified geographical limits.
❌Loss or damages due to mechanical or electrical failure.

*Disclaimer: The Ola Electric insurance policy coverage is for indicative purposes only. To understand the exact coverage, kindly refer to the policy wordings provided by the insurer.

How to Buy/Renew Ola Electric Insurance Online?

Here are the steps to buy or renew Ola Electric insurance online through Policybazaar.com:

Step 1: Visit Policybazaar.com and click 'Two Wheeler Insurance Online' or 'e-Bike Insurance' from the 'Insurance Products' drop-down menu.
Step 2: To renew, enter your vehicle registration number and click on 'View Prices'. However, if you have a new electric scooter, click 'Bought a New Bike?'.
Step 3: Select all the details asked for in the proposal form.
Step 4: Compare various e-bike insurance plans offered by multiple insurers and choose one along with the required add-ons.
Step 5: Choose between a comprehensive or third-party bike policy.
Step 6: Complete the payment process online, and the insurance provider will send the renewed or new e-bike insurance policy to your registered email ID.

Ola Electric Bike Insurance Add-ons

There are various e-bike add-on covers for Ola Electric scooters. However, buying a 24x7 emergency assistance cover is suggested if your e-scooter breaks down during a journey, such as technical or mechanical failure. Besides this, you must buy zero depreciation cover because it removes the depreciation factor during the replacement or repair of the e-bike's part during the claim settlement.

Here is a list of other popular add-ons that you may look into:

Return to Invoice Cover
Mandatory Personal Accident Cover
No Claim Bonus (NCB) Protection Cover
Passenger Cover

Add-ons for your two wheeler insurance

How to Claim Ola Electric Bike Insurance Online?

To raise an Ola e-bike insurance claim online, follow the below procedure:

Step 1: Inform the insurance provider about the accident.
Step 2: A surveyor will assess the damage, design an assessment report, and send it to the insurance provider for review.
Step 3: Download the claim form, fill it out, then sign it and submit it along with the supporting documents.
Step 4: After reviewing the assessment report, duly filed claim form, and supporting documents, the insurance provider approves the repair request.
Step 5: In case of cashless repairs, send your damaged Ola electric scooter to the authorized network garage for repairs, and the insurer will settle the bills directly with them. On the other hand, for the reimbursement claims, send them to any of your nearest garages and pay the repair bills right away. Later, the insurer will reimburse the amount to a registered bank account.

Documents Required for Ola Electric Scooter Insurance Claims

The following are the mandatory documents required for raising Ola Electric scooter insurance claims:

RC of the electric scooter
A valid DL, PUCC, e-scooter insurance policy documents
Police FIR
Duly filled & signed claim form
Estimated bills for repairs and original bills.

Ola Electric Scooter Insurance – FAQs

Q1. What does Ola insurance cover?

Ans: It safeguards the insured scooter against third-party liabilities and the damages caused to the vehicle by theft, fire, accident, etc.
Q2. Which insurance is better for Ola S1?

Ans: Suppose you are planning to buy a policy for Ola S1. In that case, purchasing a comprehensive plan is suggested, as it will cover the mandatory third-party liabilities along with your own damage coverage. Moreover, you can buy add-ons to enhance the coverage by paying an extra premium.
Q3. Can I buy insurance for my brand new OLA Electric Scooter from Policybazaar.com?

Ans: Yes, you can easily compare and buy the best e-scooter insurance plan from Policybazaar.com. You have to get basic vehicle details and a range of plans. Moreover, the buying process is entirely paperless.

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Written By: PolicyBazaar

Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This 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