Kotak Long Term Two Wheeler Secure Policy

• Loss/damage cover for the vehicle insured
• Cover for Third party liability
• Personal Accident Cover for Owner cum Driver
• No Claim Bonus benefit is available
• Enjoy discounts on premium
• Efficient claims handling
• Hassle-free cashless claims settlement at network garages

Own Damage Cover

Loss or damage to the vehicle insured and/or its accessories are covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner-driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

For death and Loss of two limbs/sight of two eyes/one limb & sight of one eye is covered up to 100%, Loss of one limb or sight of one eye is covered up to 50% and Permanent total disablement from injuries other than the specified ones is covered up to 100%.

This compensation is payable, when the death/injury caused within six calendar months of accidental external and visible means. A maximum of Rs 1 lakh is payable towards personal accident cover during any one period of insurance.

No Claim Bonus

The insured is entitled to receive No Claim Bonus as 20%, 25%, 35%, 45% & 50%. It is offered on policy renewal and it is applicable, in case the policy is renewed within 90 days from the expiry date of the previous policy.

Discount

You can get discount on insurance premiums for becoming a member of a recognized Automobile Association of India.

No additional cover can be attached under this plan.

Following are the conditions that are not covered under this policy:

• Consequential loss
• Depreciation, wear and tear
• Drunken driving
• Vehicle is used outside the geographical area
• Driven by a person other than stated in the driver’s clause
• Vehicle being used otherwise than in accordance with the limitations specified
• Radioactivity from any nuclear fuel or nuclear waste
• War perils, nuclear perils, etc.