Kotak Car Insurance- Settlement Ratio & Claim Process

Due to the increase in the number of road accidents and theft in the country, it is crucial to get your vehicle insured by investing in the best motor insurance plans. With Kotak car insurance policies, it is easy to protect your vehicle against unavoidable circumstances.

Kotak offers a hassle-free car insurance policy that will provide coverage for any loss or damages resulting from any mishap. The car insurance plans offered by Kotak cater to the varying needs of the customers. It offers Own Damage cover, Comprehensive insurance cover, and third-party cover. With a responsive and helpful 24*7 customer support team, the company settles claims in just a few simple steps.

Let’s have a detailed look at Kotak’s car insurance coverage and claim settlement process.

Kotak Car Insurance- Highlights

Feature Value
Founded 2015
Claim Settlement Ratio 99%
Network Garages 40000+
Types of Car Insurance Plans Third-party cover, standalone own-damage, and comprehensive insurance policy
No Claim Bonus Yes
Contact Information 1800 266 4545
Official Website https://www.kotakgeneral.com/motor-insurance/car-insurance

Key Features of Kotak Car Insurance

• Get an instant car insurance policy with zero paperwork involved.
• Quick and hassle-free claim settlement process.
• Kotak has a network of over 4000 cashless garages across the country.
• Policyholders can avail No Claim Bonus.
• Get an Own Damage Cover and Personal Accident Cover of Rs. 15 lakhs each.

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Why do need car insurance?

  • Getting a valid car insurance policy is mandated by law.
  • It provides coverage against third-party liabilities.
  • It compensates for financial loss, in case of theft.
  • It protects against natural and man-made disasters.
  • Kotak provides a range of add-on covers for better protection.

Types of Kotak Car Insurance Plans

Comprehensive Car Insurance-

This is an extensive car insurance plan that pays for all financial losses incurred towards a third-party individual/property and own damages sustained by the insured vehicle. The comprehensive car insurance policy is applicable in the event of road accidents, natural calamities, man-made disasters, lightning, self-ignition, explosion, fire, theft, etc.

Third-Party Insurance-

It is the most basic car insurance plan that is mandated by the law to drive a car in India. Under this plan, the insurance provider is liable to pay for minor injuries, temporary or permanent disability, as well as the death of the third party caused by an accident involving the insured car. The third-party insurance plan by Kotak provides coverage up to Rs. 7.5 lakh.

Standalone Own Damage Car Insurance-

Under this plan, the insured can avail coverage benefits only for the own damages sustained by their car in a road accident, theft, fire, explosion, calamity, or any other mishap. The Standalone own-damage car insurance policy provides the insured with the flexibility to choose their insurance provider.

Add-ons offered by Kotak Car Insurance

  • Policyholders can customize their car insurance plans by availing of the following add-ons that provide better protection.
  • Depreciation Cover
  • Consumables Cover
  • Return to Invoice
  • Engine Protect
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Kotak Car Insurance Claim Settlement Process

Kotak Car Insurance has an impressive track record with a claim settlement ratio of 99%. With 24/7 round-the-clock assistance, policyholders can raise their insurance claim requests in a quick and hassle-free manner.
One can file a car insurance claim with Kotak Car Insurance by following the given steps.
• Inform your insurance provider as soon as the incident occurs and raise a claim request.
• Submit relevant documents such as a copy of driving license, RC, police FIR, valid ID proof, etc.
• Once the claim form is submitted, the inspection process of the insured vehicle will take place.
• If the claim is found admissible and genuine, the insurance providers will settle the claims either through repair or reimbursement.

Note: In the case of non-cashless claims, policyholders are required to pay full repair bills and submit the claim in reimbursement mode.

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