Comprehensive Policy Kotak General Insurance

4.5

Paybima Rating

Policy Wording

Policy Brochure

Claim Form

People usually spend their hard-earned money on their dream bike or car. It's not just a pride possession but also a responsibility for the owner. It is obvious for people to try their best to protect their vehicles against unforeseen situations on the road. One such solution is a comprehensive motor insurance policy. Kotak Mahindra offers a comprehensive motor insurance policy that provides maximum coverage to your motor vehicle.

Under the Motor Vehicles Act of 1988, it is mandatory to have a minimum of third-party liability insurance for your motor vehicle. However, having a comprehensive policy simply means you cover both the legality and the necessity of your vehicle. Read on as we discuss all the essential aspects of the Kotak Mahindra Motor Insurance Comprehensive Policy.

Highlights of Kotak Private Car-Bike Comprehensive Policy

Enjoy all-around protection for your beloved car

Get coverage from natural disasters and man-made calamities

Get a long list of add-ons to choose from

Enjoy a seamless cashless claim settlement at over 4400 garages

Get all your insurance related queries answered

Wish to Enhance Your Coverage? Take a look at the Riders Available with the Kotak Mahindra Motor Insurance Comprehensive Policy

Add-ons or riders are the additional coverage for your motor vehicle. Kotak Mahindra Motor Insurance Comprehensive Policy offers several add-ons to choose from. Check the list to make an informed decision:

Add-On Covers	Details
Depreciation cover	With a depreciation cover, the depreciation value of your vehicle is no longer calculated at the time of claim settlement
Key replacement	Losing a key will no longer be a burden on you with the key replacement add-on. Your insurer will cover the cost of a new key
Engine protection	The engine is usually not covered in the base policy. So, with an engine cover, you get protection for your vehicle's engine as well
Roadside assistance	In case of an emergency on the road, your insurer will be there to help. All you need is a roadside assistance add-on!

Kotak Mahindra Motor Insurance Comprehensive Policy: Highlights

It is essential to review the claim settlement ratio, network garages, and add-ons of a motor vehicle insurance policy. Here are the highlights of the Kotak Mahindra Motor Insurance Comprehensive Policy:

Particulars	Details
Policy Name	Kotak Mahindra Motor Insurance Comprehensive Policy
Insurance Company	Zurich Kotak General Insurance
Coverages	Own damages Third-party liability Accidental cover
Network Garages	4400+
Personal Accident Cover	If the accidental death or disability of the owner/driver
Add-ons	Depreciation cover Roadside assistance Engine protection Key replacement
Claim Settlement Ratio	96.76% as released in FY 2024
Suitable For	Cars Two-wheelers Commercial vehicles
Online Support	24/7

Features and Benefits of the Kotak Mahindra Motor Insurance Comprehensive Policy

Kotak Mahindra Motor Insurance Comprehensive Policy provides 360-degree insurance protection for your motor vehicle. Read on the various features and benefits of the policy for more clarity:

Customise With Add-ons

Kotak Mahindra Motor Insurance Comprehensive Policy offers a range of add-ons to choose from. These add-ons provide additional coverage to your vehicle insurance policy. Depending on your needs, you may choose the add-ons.

All-round Vehicle Insurance

A comprehensive motor insurance policy is an all-around protection for your vehicle. It covers both own damages to the insured vehicle and third-party damages. Whether caused by an accident, disaster, fire, theft, or other events, the insurance policy covers the resulting losses and damages.

A Financial Cushion

Getting a vehicle repaired can be quite expensive at times. It can impact your savings. However, when you have a motor insurance policy, you no longer have to worry about the expenses. Your insurance provider is there to cover the expenses.

High Claim Settlement Ratio

Zurich Kotak General Insurance has a high claim settlement ratio of 96.76%. Such a high claim settlement ratio shows that your chances of successful claim settlement is quite high. The company also focuses on quick claim resolutions.

Cashless Garages

With a network of cashless garages at 4400+ locations, Zurich Kotak General Insurance offers hassle-free cashless services. You no longer have to pay out of your pocket. Your insurer will directly settle bills with the garage.

At an Affordable Price

Zurich Kotak General Insurance aims to make motor insurance an affordable deal for many people. So, the premiums charged are quite affordable.

Max Life Insurance Smart Wealth: What is Covered?

The list below provides a detailed overview of the policy's coverage. These conditions are covered by your insurer and are hence termed as inclusions of the policy. These are:

Own Damages

Damages to the insured vehicle are covered under the policy. In case of an accident, fire, theft, or natural disaster, your insurer will cover the cost of repairs. In the event of a total loss of the vehicle, compensation is paid to the policyholder.

Third-party Damages

Accidents on the road may cause damage to third-party persons or property as well. In such a case, your insurer will cover the required compensation to the third party.

Personal Accident

Accidents not only damage vehicles on the road but can also cause injuries to the driver. Hence, the policy also covers personal accident cover. Compensation is paid to the policyholder in the event of a physical accident or death resulting from an accident.

Kotak Mahindra Motor Insurance Comprehensive Policy: What is Not Covered?

Understanding the exclusion is equally important for motor vehicle insurance. Here are the conditions that are not covered under the Kotak Mahindra Motor Insurance Comprehensive Policy:

Normal Wear and Tear

The general wear and tear of the vehicle parts is not covered under the policy.

Driving Under Substance Use

If the driver is driving under the influence of drugs or alcohol, then the damages to their own vehicle or a third party are not covered.

Using a Vehicle Without Authorisation

Driving without a valid license or authorisation may lead to rejection of the claim.

Accidents Outside Geographical Limit

Kotak Mahindra Motor Insurance Comprehensive Policy covers accidents and damages within Indian boundaries. So, those outside the geographical limits of the insurer will not be covered under the policy.

Mechanical or Electrical Issues

Mechanical breakdown or electrical problems of the vehicles are not a part of the policy coverage.

War Damages

Damages resulting from war or riots are not covered under this policy.

Our Verdict on Kotak Mahindra Motor Insurance Comprehensive Policy

In addition to being a legal requirement, purchasing motor insurance promises financial protection, and peace of mind and promotes road safety. The Bajaj Allianz Motor Insurance Comprehensive Policy is a carefully designed plan that provides tailored protection to meet the needs of every vehicle owner. The comprehensive protection plan addresses both legal and financial liabilities.

If you haven’t done it already, get your motor insurance policy from Paybima today!

Speak to an Advisor

Kotak General Insurance
Insurance Company

Kotak General Insurance Company is a 100% subsidiary of Kotak Mahindra Bank Limited, the fastest-growing bank in India. The company received its licence from IRDA to begin its business in April 2015, and since then, it has created national footprints across India. Kotak General Insurance was formed to service the non-life insurance sector of India. Kotak General Insurance provides value proportion differentiated from other insurance providers through customised products and services by leveraging digital infrastructure and innovation.

Founded In

2015

Number of Claims Incurred

18,575.98

Turnover (GWP)

INR 25,933+ CR

JV Partners

Kotak Mahindra Bank Limited, Kotak Mahindra General Insurance Company Limited &Zurich Insurance Company Limited

Claims Experience

Claims Experience Rating 4.7

Claim Settlement Ratio (No. of claims)

98.31%

Network Garage

4200+

Number of Claims Incurred

18,575.98

Benefits of Kotak General Insurance - Comprehensive Policy


Coverage for Own Car Damages	Available
NCB benefits	For every claim-free year
Convenient Repairs	Easy and quick repairs
Claim Settlement	Fast and hassle-free
Network Garages	Wide network
Add-on covers	Available

Hand-hold by our expert advisor till making the right choice

Meet In Person Talk to an Advisor

70% of customers choose our advisor support for better coverage clarity.

Paybima Trusted by Millions of Customers

4.5

40+ Insurers

Wide range of trusted providers

560+ Advisors

Expert guidance at every step

31 Stores

Personalized service across India

Ask Anything as We Have Answers to Everything in Insurance

Yes, Kotak comprehensive vehicle insurance policy provides prompt roadside assistance service.

Normally, insurance plans are of one year duration. However, now many insurers are coming up with long-term plans including 3-year plans for third-party insurance, which the car owners can avail.

Yes, the Kotak vehicle insurance policy provides No Claim Bonus or NCB when a policyholder does not make any claim during a policy period

Once the policy expires, the insured can avail NCB benefits by renewing the policy within 90 days of the expiry.

Yes, Kotak comprehensive vehicle insurance provides cashless facility to the policyholder.

Yes, with comprehensive car insurance from Kotak Mahindra, you can access various useful add-ons, including zero depreciation, engine protection, roadside assistance, and more. You can customise the coverage as per your needs.

Yes, absolutely. A comprehensive policy not only covers third-party damage but also protects your own vehicle against accidents, theft, fire, and natural disasters. It offers wider protection and peace of mind compared to just basic third-party coverage.

Kotak Mahindra provides cashless claim services through its wide network of garages. You can take your car for repair at any of the 4400+ garages to enjoy a smooth claim process.

No, as per the Motor Vehicle Act, only third-party insurance is legally mandatory in India. However, it is recommended that you opt for a comprehensive policy, as it covers both third-party liabilities and damages to your own vehicle.