Kotak Mahindra is a private insurance company in India. company has 15 million customers with 232 branches in India. company has 99,275 agents in 167 cities in India. Under the name, the company offers various insurance products like Motor, marine, travel, PA. Etc.

Stand Alone Own Damage Private Car Policy in Kotak Mahindra.

The Insurance Regulatory and Development Authority of India (IRDAI) established Stand Alone Own Damage (SAOD) on September 1, 2018. The liability of a third party is not covered by the policy. A stand-alone own damage policy protects you and your car from a variety of damages. This coverage covers damages and losses resulting from collisions, theft, and fire.

Benefits of buying Stand Alone Own Damage policy from Kotak Mahindra.

Own damage refers to damage to your vehicle, and it covers the cost of repairs. Theft, collision, accident, natural calamities, and burglary housebreaking are also get covered under this policy. Covers like add-on coverage and a no-claim bonus discount are included in the policy. When you choose Kotak Mahindra SAOD vehicle insurance, you will receive easy and quick claim reimbursements. For its services, the company was recognized among the one the best in India.

How to purchase Stand Alone Own Damage Policy from Kotak Mahindra?

Step 1. Go to the online website of https://quickinsure.co.in/

Step 2. Click on car insurance

Step 3. Enter your REGISTRATION no. According to your RC

Step 4. You will find a quotation for car insurance from Kotak Mahindrasinsurance and other insurers.

Step 5. You can select the quotation Kotak Mahindrasand fill out the proposal form.

Coverage of Stand Alone Own Damage Policy in Kotak Mahindra.

The Kotak Mahindra stand-alone own damage coverage protects your car from accidents and collisions. Your financial losses get covered up to the same amount.

 Theft of your also get is covered under the SAOD policy up to the vehicle's IDV amount.

In short car's whole loss gets covered.

Situations such as fire and explosions are unavoidable, and the Kotak Mahindra SAOD Policy helps in obtaining coverage and ensuring that these damages are covered.

 The Kotak Mahindra SAOD insurance protects the insured from man-made disasters such as riots, vandalism, and terrorism.

 The Kotak Mahindra SAOD policy provides personal accident coverage of up to Rs 15 lakh in case of death of the owner-driver

The insured person receives coverage for accidental injuries, as well as medical and hospitalization expenditures, under this plan.

Exclusions under Stand-Alone Own Damage Policy in Kotak Mahindra.

a) A person can claim his compensation amount only up to the policy tenure date. After the expiry of the policy, the loss won't be covered.               

b)If an insured person driving the car under the influence of alcohol or any other intoxicating substances, then he is not liable for the claim.               

c)If a vehicle is driven by an insured person without having a driving license, then the claim gets rejected.

d)If an insured person violates the car manufacturer's guidelines for use of the car, then also he is not liable for the loss.            

e)A loss arising out of an accident or event that was deliberate is also not getting any coverage.  


Q. What does stand-alone mean in insurance?

A. SAOD is a policy that protects against damages to yourself, and your insured vehicle. It is to cover a specific risk or a cost.

Q. Is own damage insurance the same as comprehensive?

A. No both are different. comprehensive insurance covers both own damage and third party, but SAOD covers only own damage.

Q. Is third-party damage covered in the Stand Alone Own Damage car policy of Kotak Mahindra?

A. No. SAOD policy does not cover third parties liabilities.it only covers damages to yourself and your car.

Q. Is own damage insurance policy mandatory in India?

NO.own damage car insurance policy is not compulsory in India. third party car insurance is mandatory in India.

Q. Where can I buy a Stand Alone Own Damage Car policy in Kotak Mahindra?

A. Visit www.quickinsure.co.in and select the private car option on our website. Enter your vehicle number and get the quote from Kotak Mahindra. You can pay the amount directly to the company and you will receive the pdf of your policy at your email address within minutes.

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