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Kotak Third party Bike Insurance: All Things Covered

By Vikas Chandra Das
11 October 2022, 12:54 PM

Bikes are fun to ride and a mode of transport. But what happens when it meets with an accident and is damaged beyond repair? Or, what if someone drives away with your bike? Well, if you have a third-party bike insurance policy, then all that is covered. 

Kotak Mahindra General Insurance understands that many customers are looking for a fast and convenient way to insure their vehicles. That's why it offers a wide range of products and services that can be accessed easily online. The company has become one of the leading insurance companies in India and is committed to providing customers with the best possible service.

This blog will explain how Kotak's bike insurance policy works, the coverage that comes with it, what it has to offer, and how much it can help you in case of an unfortunate incident.

Kotak Third-party Bike Insurance

A Kotak two-wheeler third-party insurance policy provides financial and legal assistance in the case of an accident resulting in bodily injuries, disability, death, or property damage to a third party. In India, it is compulsory to have this type of insurance as per the Motor Vehicles Act. If a person is caught driving without it, he/she can be fined INR 2,000 and imprisoned for up to 3 months.

Benefits of Kotak Third-party Bike Insurance

There are many benefits to having Kotak third-party bike insurance.

  • Financial Protection

Perhaps the most obvious benefit is that Kotak can provide financial protection if you are involved in an accident and are found to be at fault. Suppose you cause damage to someone else's property or injure another person. In that case, your Kotak third-party insurance will cover the costs of any repairs or medical treatment that may be required.

  • Peace-of-Mind

Another benefit of Kotak third-party insurance is that it can give you peace of mind when you are out on the roads. Knowing that you are covered in case of an accident can help you relax & enjoy your ride, safe in the knowledge that you are protected.

  • Economical

Lastly, Kotak third-party insurance can often be cheaper than comprehensive cover, so it is worth considering if you are on a tight budget. While it does not cover you for damage to your bike, it can still provide valuable protection against the costs of an accident.

What is Covered by Third-party Insurance?

  • Death or physical harm to a third party.
  • Property damage to third parties covered up to INR 7.5 lakh.
  • Due to the insured car, there has been harm to a third party's vehicle.

What's Excluded from the Third-party Bike Insurance Policy?

  • In the event of an accident, Kotak's third-party policy does not cover the cost of any injury to your car or personal property.
  • In the event of intoxicated or unlicensed driving, liabilities will not be paid.

Given the limited coverage of Kotak's third-party policy, it is advised to have a comprehensive plan of the company.

What is the Claim Process?

For the insurance, you will need to raise a claim, which can be done online and offline.

Within 48 hours of receiving a request, an inspection occurs. Following a positive inspection, the surveyor will provide you with a suggestion online. You will need to sign in to the website & convert your two-wheeler insurance coverage within 48 hours of that recommendation.

If you don't switch your policy within that time range, you'll have to start the procedure over.

​What Things to Consider Before Buying Third-Party Bike Insurance Policy?

When it comes to purchasing Kotak third-party bike insurance, there are a few things you need to keep in mind. Primarily, you must ensure that the company you're purchasing from is reputable and has a good track record. In this case, Kotak has a high reputation for fulfilling the claims submitted by the insured during accidents and needs.

Secondly, you need to ensure that the policy you're purchasing covers you for the things you need. Many policies have a lot of fine print and exclusions, so you need to read the policy carefully before purchasing it. Make sure you understand what's covered and what's not.

If you keep these things in mind, your third-party bike insurance purchase from Kotak General Insurance.

Read more - Why a Bike Insurance Policy from Kotak General Company is a Good Option?

How to Buy Third-party Bike Insurance from Kotak?

If you are looking for third-party bike insurance from Kotak, there are a few things you need to know. First, you will need to have your bike registered with the RTO. Next, you will need to have your bike inspected by a licensed mechanic. Once you have these two things, you can approach Kotak to purchase your insurance. You can visit the official website of Kotak General Insurance and fill in your bike and personal details to wrap up your buying journey.

Documents Required to Buy a Kotak Third-party Bike Insurance Policy

To buy third-party bike insurance in India, you will need to provide the following documents:

  • Your bike's registration certificate
  • Your bike's insurance policy
  • Your driver's license
  • Your identification, such as your passport or Aadhar card
  • Proof of address, such as a utility bill
  • The completed bike insurance application form

Once you have gathered all the documents, you can purchase bike insurance.

For many residents in India, buying a bike is one of the first big ticket items. Recently, we have seen a rise in bike accidents. If a bike crashes due to a third party, the rider may be liable to a great extent. You may often not have enough savings to make up for the losses. 

Read more - All That You Need To Know About a Third-Party Bike Insurance Policy


1. Is third-party bike insurance mandatory in India?

At least third-party bike insurance is mandatory in India as per the government rules.

2. What's the advantage of using Kotak third-party bike insurance?

Kotak's third-party bike insurance policy will only cover injuries or property damage faced by the third party involving your insured two-wheeler. Another big advantage of our third-party bike insurance is that you can claim compensation for medical treatment of your as well as the ones accompanying you on a two-wheeler. The personal accident cover added to your third-party policy will cover your injuries, while the pillion rider will cover the injuries of your companion.

3. Who does insurance cover, the motorcycle owner or the rider?

The motorcycle insurance is meant to cover the rider - the person operating the vehicle. Motorcycle insurance is designed to cover the losses incurred by the rider, such as medical treatment, repairs to the bike and property, or replacement of the bike.

Therefore, a person can have his bike stolen without any financial loss. The reason for the existence of third-party insurance is the careless behaviour of the riders themselves. Motorcyclist accidents have increased considerably in the past couple of years.

4. What are the costs of insuring one's motorcycle?

The cost of insuring a motorcycle depends upon the vehicle, rider, riding style, lifestyle, and, of course, the insurance company! If you own a bike, you will be the one who needs to shop for the insurance. 

5. How can I buy the Kotak third-party bike insurance cover?

You can buy the same on the official website of Kotak.


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