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Kotak Car Insurance India – Since a car is considered one of your most valuable assets, buying one does not eliminate your responsibility; you also need to avoid the cost of uncertainty and unfortunate life events. Whether it’s a luxury car or a used car, going it alone can mean unexpected expenses that can weigh you down. To protect your precious car from various risks, Kotak Mahindra has come up with car insurance policies that provide complete protection to you and your car.
Kotak Mahindra Car Insurance offers a package full of benefits ranging from no claims bonus, accidental death benefit, personal accident insurance to multiple discounts and more. To better understand the plans, please see below.
Kotak Car Insurance India
Kotak Mahindra car insurance offers various benefits to suit the needs of different people. See below to learn more about the features and benefits.
Kotak General Insurance
Apart from the inbuilt benefits and facilities, Kotak Mahindra Car Insurance offers several additional benefits to choose from as per your requirements to enhance your car policy and provide better protection. And they are like this.
Kotak Mahindra offers two types of car policies to private car owners. These are – Comprehensive Insurance (Kotak Car Secure) and Third Liability Insurance. Here are a few details about the plans.
As a third party alone is not enough to fully protect you and your vehicle from various threats and uncertainties in life, Kotak Mahindra has come up with this Comprehensive Car Insurance Plan to protect the vehicle and its owners.
According to the Motor Vehicle Act 1988, you must have a car if you have third party liability insurance. This is also the basic car insurance plan offered by Kotak Mahindra.
All You Need To Know About Kotak Car Insurance
Since the insurance market is flooded with many general insurance companies, it becomes very difficult for a person looking for a policy to find the right one that meets his needs. However, if you keep certain parameters in mind when evaluating companies in the selection process, it will be easier to find the best one. To make things easier, after considering all the possible parameters, Kotak Mahindra car insurance comes out as a good option for you. Here are the reasons.
Claims Settlement Costs – You bought a car insurance plan to help you when you need it. For this reason, the ratio of settlement of claims, which reflects the reliability of the company, plays an important role. According to IRDA’s Annual Report, the claims settlement ratio of Kotak Mahindra in the motor insurance segment for the financial year 2019-2020 is 75.66%, which is well assured and higher than many other general insurers. So, if you buy a car insurance plan from this company, you can rest easy.
Network garages – If you want to use the free service, you need to find a network garage from a company in your area, because you can’t avoid a damaged car. In addition, you need a garage that will meet your needs. Therefore, the number of network garages is very important. Kotak Mahindra has a wide network of workshops spread across the country, which will help you not only find the one you can afford, but also the one that suits you best.
Strong background – This insurance is 100% under Kotak Mahindra Bank Ltd. which is one of the most trusted and leading private sector banks in India. The company is also very popular among its customers and has won many awards and distinctions, making it a good and trustworthy place.
Car Policy Kotak
Distribution Network – As of September 2020 Kotak Mahindra has 19 official branches spread across India and employs 793 reliable and experienced employees. In addition, the company has a good relationship with customers through many special agents, corporate representatives and electronic service providers. So, whenever you need something from this company, it will always be at your doorstep with the promise of keeping you safe and protected.
Great benefits – Keeping in mind the needs of its customers, the company has created a bag full of additional covers, from NCB protection, roadside assistance to critical replacement and more. Therefore, you can always take advantage of the flexibility and add additional benefits to the basic car plan to be strong and well protected.
Customer Service – You can easily contact the company by calling the contact number or sending an email. In addition, there is a “Customer Service” tab on the official website that will help you contact the company whenever you want. That’s why their experts are always there for you, just one click away.
The Insured Declared Value (IDV) of a vehicle is the maximum amount set by the insurer at the beginning of each insurance period for the insured vehicle. If a vehicle is a total loss, IDV is the compensation paid by the insurer to the policyholder.
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The vehicle’s IDV is calculated based on the manufacturer’s selling price of the vehicle’s make and model at the time of insurance initiation or renewal and is adjusted for depreciation (as per the schedule below). IDV will likely be made for sidecars and/or accessories, if any, fitted to the car but not included in the selling price of the car from the manufacturer.
Kotak Mahindra has left the door open for offline and online car insurance plan buying methods. You can choose any method according to your convenience.
To take advantage of a simple and easy way to buy a car insurance plan online, follow these steps:
Here, click on ‘Request Quote’ and fill the required details like vehicle registration number, mobile number, email id and select your gender. Submit and continue
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Based on the details provided to you, the purchase amount of this car policy will be displayed in front of you.
Pay the money and after successful payment you will get notification by mail or message.
If you prefer to buy your policy online, you can go to your nearest Kotak Mahindra General Insurance branch and the experts there will guide you through the hassle-free purchase process. You can also contact them by e-mail or simply by calling. You will get full guidance on planning your car purchase. Apart from this, you can contact any of their licensed and registered agents for assistance and they have the knowledge to guide you smoothly.
If you face any problem while using above shopping methods, you can also buy car insurance plan from Kotak Mahindra Probus.
Kotak Mahindra Car Insurance
Kotak Mahindra offers free claims and refund procedures to its customers. Let’s take a look at the two claim methods.
Kotak Mahindra has designed the online portal in a user-friendly manner. So, you can easily renew your car insurance policy by following the simple steps below.
Usually, Kotak Mahindra car insurance policy offers 1 year car plan. However, in the case of a liability insurance plan, the policy term may vary depending on the content of the policy. According to the recent IRDA notification, owners of new private cars must purchase a car insurance policy for at least 3 years.
3. The city where my car is registered is in Punjab, but I use it in Delhi. What will happen in this situation?
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In this case, you must pay the insurance in the correct place where your vehicle is registered. You need to register with RTO here.
You can update your profile by visiting the official website of the company. Here, go to the “Service Request” tab and then you will find the “Update Profile” option. By clicking, you can make the necessary changes to your profile.
Yes, you can change your car’s IDV under Kotak Mahindra insurance policy up to a maximum of 10%. However, it would be recommended to use the options suggested by the insurer, because it can affect the amount of the insurance premium.
6. What are the key factors that can affect Kotak Mahindra car insurance premiums?
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In case of a Kotak Mahindra car insurance claim, a customer care representative will schedule a date and time for your vehicle inspection at your convenience.
