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Kotak Mahindra General Insurance Company Stand Alone Own Damage Bike Insurance Policy
Kotak Mahindra is a subsidiary of Kotak Mahindra Bank and is one of the top general insurance companies in India. Kotak Mahindra was established to service the growing market of India’s non-life insurance segment. Kotak Mahindra Company wants to build on its customer segment and geographies by offering a range of non-life insurance.
Kotak Mahindra General Insurance Company Stand Alone Own Damage Bike Policy
Insurance firms sell standalone Own Damage Insurance coverage for vehicles that only have third-party insurance. The money you pay for own damage insurance is called an own damage premium. The premium price is determined by the type of vehicle you own, its age, and the city of registration.
Benefits of buying Stand Alone Own Damage policy from Kotak Mahindra General Insurance Company
How to purchase Stand Alone Own Damage Policy from Kotak Mahindra General Insurance Company
Coverage of Stand Alone Own Damage Policy in Kotak Mahindra General Insurance Company
Standalone own damage cover for the bike also offers coverage in a variety of situations protecting the policyholder for up to ₹15L. Every claim-free year, Standalone own damage cover offers insurance holders NCB as rewards for good and safe riding habits. Various add-on covers offer standalone own damage insurance to further strengthen the standard two-wheeler insurance policy.
Exclusions under Stand-Alone Own Damage Policy in Kotak Mahindra General Insurance Company
Frequently Asked Questions
If you have entered the incorrect bike model and variant, do not worry, it can be rectified, but some rectifications such as cubic capacity rectification could lead to a change in the amount quoted as your premium. In case you have entered
RTO stands for Regional Transport Office, and every vehicle is registered in an RTO. Generally, the initial 4 characters of your vehicle number denote the RTO. For example, MH 01 denotes Mumbai (South) RTO, UP 33 denotes Raebareli RTO, TR 01 denotes Agartala RTO.
Yes, the premium for your bike insurance is calculated by keeping a number of factors in mind and the city in which the bike is registered is one of the factors.
Your bike registration date will be printed on your vehicle’s registration certificate.
Of course, yes, insurance is mandatory for new as well as old vehicles as per Motor Vehicle Act, 1988.