Motor Insurance Two Wheeler InsuranceElectric Bike Insurance

Electric Bike Insurance

A comprehensive electric bike insurance to Protect your Electric Bike & Electric Scooter

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We take your safety seriously

6500+

Cashless Garages

Jet-Speed

Claims

Upto 50%

No Claim Bonus

24/7

Around The Clock Assistance

Note: The above data is till 1st April, 2025

What is an Electric Bike Insurance?

Electric two-wheeler insurance is an insurance policy offered to protect two-wheelers running on electricity. The coverage provided includes both electric bike insurance as well as electric scooter insurance. Just like any other motor insurance , the policy typically covers third-party liability, potential damages, and losses to the vehicle arising from accidents, natural calamities or fire.

In recent years, e-bikes and scooters have turned out to be a sustainable alternative to regular fuel-driven bikes. Given its widespread adoption and the rising popularity of electric vehicles, insurance for e-bikes has become the need of the hour. If you own an electric bike or scooter, you need to have an electric bike insurance in place to continue driving on the path of protection, especially in India, where it is mandatory to have electric two-wheeler insurance by law. So before you set out riding on your new EV, remember to get a secure insurance for your e-bike.

Key features of two-wheeler insurance policy

Cashless servicing

Get your bike repaired at authorised network garages without paying upfront. The insurer settles the approved repair bill directly with the garage, ensuring a smoother and more convenient repair experience.

No Claim Bonus (NCB) Discounts & Entitlements

For every claim-free policy year, you earn an NCB that reduces your two-wheeler insurance renewal premium. The longer you ride without making a claim, the higher the discount you receive.

Premium discounts

Enjoy lower premiums if you maintain a good riding record, install approved safety devices, or opt for long-term two-wheeler insurance policies.

AAI members discount

Members of the Automobile Association of India (AAI) can benefit from additional discounts on their two-wheeler insurance policy by presenting valid membership proof.

Cashless servicing

No Claim Bonus (NCB) Discounts & Entitlements

For every claim-free policy year, you earn an NCB that reduces your two-wheeler insurance renewal premium. The longer you ride without making a claim, the higher the discount you receive.

Premium discounts

Enjoy lower premiums if you maintain a good riding record, install approved safety devices, or opt for long-term two-wheeler insurance policies.

AAI members discount

Members of the Automobile Association of India (AAI) can benefit from additional discounts on their two-wheeler insurance policy by presenting valid membership proof.

Types of plans for electric bike insurance

Comprehensive bike insurance

A comprehensive bike insurance plan offers wider coverage by combining third-party liability with own-damage protection. It covers repair or replacement costs if your electric bike is damaged due to accidents, theft, fire, or natural calamities. This option is suitable for those who want broader financial protection and reduced out-of-pocket expenses during unforeseen events.

Third-party bike insurance

Third party bike insurance plan covers your legal liability if your electric bike causes injury, death, or property damage to another person. It is mandatory under Indian law for electric two-wheeler that exceed prescribed speed and power limits. However, it does not provide any protection for damage to your own bike in case of an accident or other loss.

Own damage bike insurance

The own damage bike insurance plan specifically covers damage to your electric bike caused by accidents, theft, fire, or natural disasters. It does not include third-party liability on its own and must be purchased along with an active third-party policy. It is ideal for those who already have third-party cover but want added protection for their vehicle.

Premium Features

Comprehensive Plan

Own Damage Plan

Bike damage due to natural disasters

Bike damage due to man-made calamities eg: riots

Bike damage due to fire

Damage to third party vehicle

Damage to third party property

Third party’s death or injury

Theft coverage

Personal accident cover

Zero Depreciation cover add-on inbuilt

Extra coverage with optional add-ons

No claim bonus up to 50%

Cashless repairs

What's covered?

Fire

Don’t let fire damage to your bike ruin your life. Stay protected against any loss and get compensated for damages caused by fire.

Natural disasters

When disaster strike, we’ve got you covered. Get protected from the effects or damages due to natural disasters.

Third-party damage

We’ll cover you for all third-party damages caused due to a road accident or any other mishap involving your two-wheeler. You are protected against accidents and mishaps on the road.

Personal accident

A comprehensive bike insurance policy also offers personal accident cover of up to 15 lakhs for the owner/driver of the bike. The benefit under the PA cover is paid in case of death or permanent total disablement of the owner/driver in an accident.

Theft

You should never have to worry about anything when it comes to protection from theft. Because two-wheelers are easy targets for thieves, we'll cover it all for your bike.

Man-made events

We safeguard your vehicle against all man-made events such as theft, burglary, strikes and riots. We keep your vehicle safe & protected always.

What is not covered?

Wear, tear & general aging of vehicle

Does not cover any damages due to normal wear and tear and general aging of the vehicle

Depreciation or consequential losses

Coverage does not include depreciation or consequential losses (unless they are separately covered by add-ons).

Vehicle used otherwise

Does not cover any damage caused by the vehicle being driven otherwise than in accordance with the limitations on its use.

Mechanical/Electrical breakdown

Any damage or loss that occurred due to mechanical or electrical breakdown is not covered by us.

Any contractual liability

You are not covered under our insurance policy for any contractual liability if you are found to be responsible for the damages.

Influence of drugs or liquor

Does not cover damage to/by a person who is driving under the influence of drugs or alcohol.

E-bike Insurance Add-On Covers

Depreciation cover

This add-on ensures that the claim amount is settled without deducting depreciation on replaced parts. It allows you to receive a higher payout during repairs, as the insurer bears the depreciation cost on eligible components.

Return to Invoice

Under this cover, the insurer pays the difference between the original invoice value of your e-bike and its Insured Declared Value (IDV) in case of total loss or theft. This helps you recover an amount closer to the purchase price.

Consumables cover

This add-on pays for the cost of consumable items such as nuts, bolts, screws, lubricants, and similar materials required during repairs, which are usually not covered under a standard policy.

Engine Protect

Engine protection covers repair or replacement expenses if the engine is damaged due to water ingression or leakage, which is generally excluded under basic coverage.

Why choose Zurich Kotak for bike insurance ?

Time-Saving Bike Policy

Bike insurance can be purchased or renewed online in just a few minutes. The process is fully digital, removing the need for paperwork or physical visits.

Cost-Efficient Coverage

Policyholders benefit from competitive pricing, long-term policy savings and No Claim Bonus advantages for maintaining a claim-free record.

Effortless Policy Management

Online renewals and access to cashless repairs at authorised network garages make it easier to manage claims and keep coverage active without unnecessary delays.

Instant Discount Benefits

Additional savings are available for AAI members, vehicles fitted with anti-theft devices and riders with a safe driving history.

24x7 Customer Support

Round-the-clock assistance is available for claims, renewals and general queries, ensuring timely support whenever required.

Trusted & Consistent Service Standards

Zurich Kotak is recognised for its structured claim handling processes and focus on reliability, helping riders feel more confident about their insurance decisions.

Factors to consider while buying the best electric bike insurance

Coverage scope

Ensure the policy includes both third-party liability and own-damage protection. A comprehensive electric bike insurance plan should cover accidents, theft, fire, and natural disasters.

Battery and EV component protection

Electric bikes include specialised parts such as lithium-ion batteries and control systems. Confirm that your electric two-wheeler insurance provides coverage for these EV-specific components.

Premium vs benefits comparison

Compare the cost of electric bike insurance with the benefits offered under the policy. A lower premium should not result in reduced or inadequate coverage.

Policy exclusions

Carefully review the exclusions listed in the policy document, such as mechanical breakdown or normal wear and tear, to avoid unexpected issues at the time of claim.

Add-on availability

Choose suitable add-ons, such as zero depreciation or roadside assistance, based on your riding pattern and usage requirements.

Claim settlement and network garages

Before purchasing electric bike insurance online, review the insurer’s claim settlement process and check the availability of cashless network garages.

Tips to reduce electric bike insurance premiums

Maintain a claim-free record: Avoid making minor claims. A clean claim history helps you earn a No Claim Bonus, which reduces your renewal premium.

Choose the right insured declared value (IDV): Select an IDV that reflects the actual market value of your e-bike. An unnecessarily high IDV increases the premium.

Opt for a voluntary deductible: Agreeing to pay a higher deductible at the time of claim can lower your premium.

Install approved security devices: Anti-theft devices reduce risk and may qualify you for discounts.

Select add-ons carefully: Avoid unnecessary add-ons and choose only those that match your usage and riding conditions.

Renew on time: Timely renewal prevents loss of benefits and helps you retain applicable discounts.

How to Buy Electric Bike Insurance from Zurich Kotak

Click on the "Get A Quick Quote" button on Bike Insurance page.

Fill in your vehicle details such as registration number, model, make etc.

Check quote, fill in your personal details and make the payment online.

Steps to download copy of Bike Insurance Policy

If you cannot locate the soft copy of your bike insurance policy in your email or have misplaced the physical document, you can easily download it online through the Zurich Kotak website. The process is quick and ensures you always have access to your policy when needed.

Visit the Website: Go to the official Zurich Kotak website: https://www.zurichkotak.com/

Select ‘Download Policy Copy’: Click on the ‘Download Policy Copy’ option available under the Login section at the top right corner of the homepage.

Enter Your Details: Provide your policy number along with your registered mobile number or email ID, then click on ‘Get OTP’.

Verify with OTP: An OTP will be sent to your registered mobile number and email ID. Enter the OTP in the required field to proceed.

Download Your Policy: Once verified, your bike insurance policy copy will be displayed. You can download and save it on your device for future reference.

How To raise a claim under Electric Bike Insurance?

Call us on 1800-2120 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.

Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.

You will be required to submit the relevant documents, which may include your Driving License, RC Copy, and Policy FIR Copy, in accordance with the Policy terms and conditions.

An arrangement will be made by us for an inspection, it will be conducted within 24 hours if a claim is reported on a working day, or the next working day if the claim is reported on a Sunday or a public holiday.

The vehicle can then be repaired by the insurer followed by the payment for the same by the insurer.

Submit all bills, payment receipt along with your policy details to us, and we will make the payment within 7 working days of completion of the documentation

Call us on 1800-2120 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.

Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.

You will be required to submit the relevant documents, which may include your Driving License, RC Copy, and Policy FIR Copy, in accordance with the Policy terms and conditions.

The vehicle can then be repaired by the insurer followed by the payment for the same by the insurer.

Submit all bills, payment receipt along with your policy details to us, and we will make the payment within 7 working days of completion of the documentation

Factors affecting electric bike insurance premiums

Insured declared value (IDV)

The IDV reflects the current market value of your electric bike. A higher IDV increases the premium, while a lower IDV reduces the premium but also lowers the claim amount.

Make and model

The brand, variant, battery capacity, and overall cost of the e-bike affect the premium. Expensive or high-performance models generally attract higher insurance costs.

Location of registration

Premiums vary based on the city or region where the bike is registered. Areas with heavy traffic or higher theft rates may lead to increased premiums.

Policy type and add-ons

Comprehensive coverage and optional add-ons raise the premium compared to a basic third-party plan.

No claim bonus (NCB)

A claim-free record helps you earn discounts, which reduce the premium at the time of renewal.

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Bike Insurance glossary

Two-Wheeler Insurance Premium

The bike & scooter premium is the amount paid by the policyholder periodically to the insurance company towards the bike insurance policy

IDV in Two-Wheeler Insurance

The IDV is the maximum coverage amount set by the insurer for a vehicle, based on the manufacturer's price adjusted for depreciation. In case of total loss, it represents the compensation to the policyholder.

Coverage in Two-Wheeler Insurance

Coverage is the amount of risk that is covered for the policyholder through an insurance policy.

NCB: No Claim Bonus in Bike Insurance

The No Claim Bonus is the discount on the own damage portion on the premium offered to the policyholder from the insurance company for responsible driving and not filing bike insurance damage claims during the preceding policy year.

Depreciation Cover in Two-Wheeler Insurance

The Depreciation Cover is an add-on wherein the entire claim amount is settled by the insurance company without factoring in depreciation value of the insured two-wheeler

Own Damage in Two-Wheeler Insurance

Own Damage cover protects the insured two-wheeler against the damages caused due to accidents, and man-made and natural calamities such riots, theft, fire, flood, etc.

Comprehensive coverage in Two-Wheeler Insurance

Comprehensive Two Wheeler insurance covers own and third-party damages, providing financial help for accidents, natural disasters, theft, and more, including third-party liabilities.

Deductibles in Bike Insurance

Deductibles are what you pay during claim settlement. Two types: compulsory (required for every claim) and voluntary (chosen by you). Zero deductibles mean no voluntary payment when getting a bike & scooter policy.

Frequently Asked Questions About Electric Bike Insurance Policy

Questions you may have about Zurich Kotak General Insurance

As opposed to regular bikes which operate on fuel, electric bikes run on electricity and are considered to be eco-friendly in the long run. You can secure these e-bikes with a third-party insurance policy plan.

E-bikes fall under the category of motorised vehicles and are excluded from any coverage of homeowners insurance.

The cost depends upon the kilowatt capacity of the motor and varies according to the make, model, and age of the e-bike.

Electric bike insurance plans typically fall under two major categories, third-party insurance and comprehensive insurance.

As per the Motor Vehicles Act 1988, it is mandatory to insure your electric bike against third-party damages if it’s running on a motor functioning above 250W and exceeds 25 km/h in speed.

No. You cannot insure your electric scooter without registration if you own one which has a motor operating above 250-watt and exceeds the top speed of 25 kmph.

Look for options available, consider the plans in your desired price range, and choose the policy that fits your budget while offering you a wide range of services and extensive coverage.

Electric bikes are fitted with advanced components such as lithium-ion batteries, controllers, and specialised electrical systems. The repair or replacement cost of these parts is generally higher than that of conventional two-wheelers. As a result, the overall risk and claim value increase, which may lead to a comparatively higher premium.

If your e-bike exceeds the prescribed speed and motor power limits under applicable regulations, third-party insurance is mandatory. Even when not legally required, insurance is strongly recommended to safeguard against accidental damage, theft, and third-party liability.

You must carry a valid driving licence, registration certificate, and valid insurance policy details. These documents may be carried in physical or approved digital format as per regulatory guidelines.

Electric bikes do not run on fuel and therefore do not require a pollution under control certificate.

Claims may be declined if the rider does not possess a valid and legally recognised driving licence at the time of the accident.

You can choose from third-party insurance, own-damage insurance, or a comprehensive policy that combines both covers for broader protection.

Insurance is required for e-bikes that fall under the legal definition of a motor vehicle based on speed and motor capacity.

Insurance is mandatory if the electric scooter exceeds specified speed and power limits under motor vehicle regulations.

You can compare plans online by reviewing coverage scope, insured declared value options, available add-ons, premium amounts, and claim support services before making a decision.

It is compulsory for electric bikes that meet the criteria specified under the Motor Vehicles Act. Third-party liability insurance is mandatory in such cases.

A comprehensive policy is generally preferred as it covers third-party liability along with damage to your own e-bike due to accidents, theft, fire, or natural calamities.

The premium depends on factors such as the bike’s insured declared value, make and model, registration location, policy type, and selected add-ons.

Battery damage may be covered if it results from insured events such as accidents or natural calamities, subject to policy terms and conditions

You can visit the insurer’s website, enter your vehicle details, select the desired coverage and add-ons, review the premium quote, and complete the payment digitally.

Claims can be raised for covered losses such as accident damage, theft, or natural calamities, subject to policy conditions.

Add-on covers are optional benefits and can only be purchased along with a valid base insurance policy.

Assess your coverage needs, review inclusions and exclusions, compare premiums, and consider suitable add-ons before finalising the plan.

The overall structure is similar; however, EV policies take into account specialised electric components and battery-related risks.

Yes, such damages are covered under a comprehensive policy, subject to the terms and conditions of the plan.

Electric bikes involve higher repair costs and specialised parts, which increase the overall risk exposure and may result in higher premiums.