Kotak Bike Insurance Policy Renewal Online Explained
Updated On Jul 19, 2021
Read this article to understand how you can renew your bike insurance policy online with Kotak Mahindra General Insurance by following these simple steps and why Kotak is a suitable insurance company to renew your bike insurance.
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Like every other policy, your bike insurance also needs to be renewed regularly. It is mandatory for every bike rider to have a valid bike insurance policy according to the Indian Motor Vehicle Act. However, accidents are unpredictable and there are many situations that can damage your prized two wheels. Therefore, it is wise to renew your policy on time. Kotak Mahindra General Insurance offers a variety of policies to protect your bike against unforeseen events that may occur on the roads and has a seamless online renewal process.
How To Renew Your Bike Insurance Policy From Kotak Mahindra General Insurance?
Every insurance has an expiry date. When it comes to buying a bike insurance policy, you need to select a tenure that is applicable for the policy. You can renew it only after the expiration date. The following are the steps that you can follow to renew your policy online with Kotak General Insurance -
1. Visit the official website of Kotak Mahindra General Insurance and select the motor insurance category.
2. Click on the renew two wheeler insurance option. This will take you to a page where you will be required to provide the details of your bike along with the existing or expired insurance policy.
3. Once you provide all the required details, you will be taken to a page where you can select the type of policy that you need along with the additional covers.
4. Once you pick out the policy, you will be offered an insurance quote.
5. Pay the premium amount. The page will then confirm the payment indicating the successful renewal of your bike insurance policy with Kotak Mahindra General Insurance.
Why Should You Renew Your Bike Insurance With Kotak Mahindra General Insurance Online?
The most convenient way to renew your bike insurance policy is online. With the improvement in technology, most insurance companies have enabled their users to purchase, renew and claim their bike insurance online. In Kotak Mahindra General Insurance, you can renew your bike insurance policy without any hassle on their official website. The following are the points that make Kotak Mahindra General Insurance a suitable company to renew your insurance with -
In Kotak Mahindra General Insurance, you do not have to go through any rigorous documentation processes while renewing your bike insurance policy. The renewal process is simple and can be done within 5 minutes.
No Claim Bonus
This is a discount on the premium that is offered by your insurance provider for every claim-free year. The best part about this discount is that it's transferable when you are switching from one insurance company to another. By renewing your bike insurance at Kotak, you can avail your NCB along with many other discounts on your premium.
When you are involved in an accident, you may need to file an FIR, and also consult a lawyer in case of extensive damage to the third party’s vehicles. Kotak Mahindra General Insurance takes care of the legal obligations arising due to accidents.
This is the most convenient facility offered by any insurance company. Kotak Mahindra General Insurance has over 1,300 network garages. This implies that you can conveniently repair your bike at the nearest network garage without having to pay the repair bills.
Your bike is without a doubt your most cherished possession. Taking care of it and repairing any damage sustained by your bike can be very expensive. If you are involved in an accident after the expiry of your bike insurance policy, your claim will be rejected leaving you uncovered. Accidents of any sort are unpredictable. Therefore, it is always wise to keep yourself covered by regularly renewing your bike insurance policy.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.