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Starting at only ₹1.5 per Day*
The Kotak Mahindra two-wheeler insurance claim can be made really easily. All one needs to do is call the insurance company right after the mishap. The company takes care of everything from there. The documents to be submitted are mentioned and can be submitted online. The company offers two kinds of claim settlements – cashless and reimbursement. It is pretty much a straightforward and hassle-free process.
The list of documents required during the Kotak Mahindra claim settlement process is as follows-
In case of theft or accident, a copy of the FIR must also be attached with the above documents.
To make claim on Kotak Mahindra bike insurance online, one needs to call the policy issuer as soon as the mishap happens. Informing the insurance company first-hand makes things easy for both parties. The insurance company can access the damage right away, and the policyholder will be required to submit all the related documents online. Hence, the policyholder can enjoy the claim settlement on time and without much hassle.
The Kotak Mahindra cashless bike insurance claim can be made in the following way –
The Kotak Mahindra reimbursement bike insurance claim can be made in the following way –
The most common mistakes that one must avoid while making a Kotak Mahindra bike insurance claim is as follows –
The Kotak Mahindra no claim bonus refers to the benefit in terms of discounts provided by the company to riders who do not make claims on the insurance during the insurance period. It helps in lowering the premium over the years. The rate of the no claim bonus increases by 5% every year if no claim is made.
The claim settlement ratio (CSR) of the Kotak Mahindra two-wheeler insurance company is 98%, which is considered good.
If the rider makes any claim during the policy period, the no claim bonus becomes zero right away and cannot be claimed.
The FIR copy is needed in cases of theft, robbery or third-party accidental damage. Hence, in the absence of such an important document, the company can reject the claim.
Technically, the policyholder needs to pay only the deductible amount which had been pre-decided while taking the policy. Aside from that, the insurance company pays the network garage directly for the repair work on the insured two-wheeler.
The number of days it takes to settle a claim varies from situation to situation. But generally, claims are squared within weeks of filing with the insurance company.
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