Electric Bike Insurance
A comprehensive electric bike insurance to Protect your Electric Bike & Electric Scooter
Instant policy with zero paper-work
Quick and hassle-free claim process
We take your safety seriously
4200+
Cashless Garages
Jet-Speed
Claims
Upto 50%
No Claim Bonus
98.31%
Claim Settlement Ratio
24/7
Around The Clock Assistance
Note: The above data is till 1st April, 2024
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 liabilities, 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 got to have 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 from Zurich Kotak
Discover the exciting bike Insurance Features that go the extra mile for your safety
Types of Two-Wheeler Insurance plans by Zurich Kotak
Know the diverse range of our Insurance Plans and find the perfect one that suits your driving needs
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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
Get comprehensive coverage to protect yourself and your loved ones from unpredictable events such as accidents.
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 calamities
We safeguard your vehicle against all man-made disasters such as theft, burglary, strikes and riots. We keep your vehicle safe & protected always.
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.
Vehicle without valid license
Please keep in mind that we do not cover damage to/by a person who is not licensed to drive the vehicle or had an invalid license.
Nuclear risk or war
Does not cover damage due to nuclear risk or war. We do, however, cover all other risks as mentioned in our Terms and Conditions of Service.
Which Electric Scooters need Insurance?
It is recommended to insure your favourite electric scooter against any possible occurrence, be it natural or man-made. According to the Motor Vehicle Act 1988, if your vehicle has above 250W of motor power and exceeds the speed of 25 km per hour, it is necessary to have a third-party insurance on your electric scooter. There are a host of electric rides available in India that require e-scooter insurance for road use. Zurich Kotak offers electric scooter insurance for renowned brands like Ampere, Ather, Bajaj, Bgauss, Hero Electric, Okinawa, Ola, TVS, and many others. Possessing an e-scooter insurance keeps you secure from accidents, mishaps, or unpredictable events, including theft. Given the fact that e-scooters are not immune to such occurrences, it is always better to secure them with an electric scooter insurance policy against every disaster coming your way.
Benefits of purchasing Insurance for Electric Bike
Superior savings: An e-scooter insurance is considered to be the most efficient way of saving significant expenses of maintenance, damages, repair, and replacement. Moreover, purchasing the e-bike insurance online can maximise your savings as you end up paying lower premiums against your e-bike insurance policy.
Comply with the legal norms: As mentioned earlier, it is mandatory in India to have an electric bike insurance cover for your e-bike. This e-bike insurance policy helps you abide by the law and saves you the trouble of paying hefty fines.
Keeps you secure financially: Any unpredictable event can cost you a fortune without an e-scooter insurance. Avoid incurring a heavy sum during such situations by ensuring that your ride is covered under the e-bike insurance policy.
Third-party Insurance Premium Rates for Electric Bike
Now onto the most crucial question of them all! What is the determining factor for calculating electric bike premium? To determine electric bike premiums, various factors are taken into account including kilowatt capacity, make, model, and age. The Insurance Regulatory and Development Authority of India (IRDAI) regulates third-party electric bike premiums and electric scooter premiums. It considers the e-bike’s kilowatt capacity to calculate the third-party insurance premium rates. The premiums for electric bikes and electric scooters in India are as follows:
TWO-WHEELERS WITH KILOWATT CAPACITY (KW) | PREMIUM RATE FOR 1-YEAR POLICY (in ₹) | PREMIUM RATE FOR LONG-TERM POLICY (5-YEAR) (in ₹) |
Less than 3 kW | ₹ 457 | ₹ 2,466 |
More than 3 kW but less than 7 kW | ₹ 607 | ₹ 3,273 |
More than 7 kW but less than 16 kW | ₹ 1,161 | ₹ 6,260 |
More than 16 kW | ₹ 2,383 | ₹ 12,849 |
How to buy the right Electric Bike Insurance Policy
Buying electric bike insurance for your e-bike might seem like a daunting task, but it is actually not if you know what it entails. Before you decide to buy the plan, make sure that you compare the e-scooter insurance prices and opt for the one best suiting you. When looking for e-bike insurance policies online, you ought to consider buying an electric bike insurance plan with extensive coverage against all third-party liabilities, damages, and unforeseen events. It also helps to understand the inclusions and exclusions of the insurance policy before finalising on the plan. Zurich Kotak is one of the most trusted e-bike insurance available online offering the best coverage and services at a reasonable price range. So the next time you’re looking for e-bike insurance online, leave your worries aside and opt for Zurich Kotak.
Electric Bike Insurance for EV Models
Ola S1
Ather 450X
TVS iQube Electric
Revolt RV400
Bajaj Chetak
Ultraviolette F77
Hero Vida V1
and many more…
Add–ons available with bike insurance policy by Zurich Kotak
Customize your coverage with our amazing add-ons - they're like bonus features for your bike protection!
Depreciation Cover
Zero depreciation is an add-on cover in which the claim amount is paid by the insurance company without considering the factor of depreciation of your bike or scooter
Return to Invoice
Return to invoice add-on pays the difference between the invoice value of your bike or scooter and its insured declared value in the event of total loss or theft.
Consumables Cover
Consumable covers include the cost of consumables such as bolts, screws, nuts, lubricants, etc needed in the repair of your bike or scooter
Engine Protect
Engine protect add-on covers the damages caused to the engine of your bike or scooter due to water logging or water spillage and pays for replacement or repair of the engine of the insured vehicle.
Garage Cash
Garage Cash add-on pays a daily allowance to enable you to meet your daily conveyance cost through hired transport during the period when you bike is under repair.
Personal Accident Cover
PA cover is an optional add-on benefit of up to 15 lacs for death or total and permanent disablement due to an accident. The cover is available only for owner/driver of the bike/scooter. The cover is mandatory unless you have an existing PA cover with a minimum sum insured of Rs.15 lakhs.
Steps to buy bike insurance online from Zurich Kotak
Hassle-free insurance at your fingertips with our easy and fast online process
Get all-round protection for your precious two wheeler in a few steps. We at Zurich Kotak General Insurance understand the value of your time and have simplified the bike & scooter insurance buying process to a few simple steps.
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.
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Zurich Kotak Bike insurance Reviews & Ratings
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Steps to renew bike insurance policy online from Zurich Kotak
Follow these quick steps to renew your bike insurance policy and keep your bike protected always
On-time renewals are beneficial and Zurich Kotak allows you the easy process of renewing your bike insurance policy online.
Visit https://www.zurichkotak.com/renewal and select the type of two-wheeler insurance policy which is due for renewal. For example, if you want to renew a comprehensive two-wheeler insurance policy, then select comprehensive two-wheeler insurance.
Then, fill in your two-wheeler insurance policy number, registration number, chassis number and your mobile number. Now, click on ‘Submit’
The insurance company would then validate your two-wheeler policy number and show the details of your policy on the screen after verification.
Check the details of your policy, choose add-ons if you want to buy any and review the premium of your plan.
Pay the premium and your policy would be renewed instantly with a confirmation on your registered email Id and mobile number. You can pay the premium online through any digital payment mode like credit or debit cards, mobile wallets, net banking UPI, etc.
How to claim Two-Wheeler Insurance online at Zurich Kotak
Filing a claim has never been this easy – we made sure of it
Call us on 1800 266 4545 (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 266 4545 (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
List of documents required for filing a bike insurance claim
Get familiar with the documents needed for speedy claim process
Documents required for bike insurance claim
To raise a bike insurance claim under different situations mentioned above, you will require the following documents.
Registration Certificate (RC) Copy
Policy Copy
Policy holder's valid ID proof
Drivers Driving license
FIR Copy (In case of theft and TP claim)
Duly filled Claim form
Any further requirements will be conveyed basis inspection
Steps to download physical copy of Bike Insurance Policy
Here is your step-by-step guide to access your policy copy
After you buy a policy online, the soft copy of the bike insurance policy is instantly issued and sent to the registered email ID. Thereafter, the physical copy of the bike insurance policy is sent through mail within a few days. If you are unable to find the soft copy of bike insurance policy in your email or if you have misplaced the physical copy, you can download the policy online
Visit our website www.zurichkotak.com
Click on ‘Download Policy Copy’ under Login button on top right-hand corner
Enter the policy number, registered mobile number or the registered email ID and click on ‘Get OTP’
An OTP would be sent to your registered mobile number and email ID. Enter the OTP in the required field and submit
The policy copy would be available for download. You can download it on your system and save it for future use
Bike Insurance glossary
There's always more to know about bike Insurance
The bike & scooter premium is the amount paid by the policyholder periodically to the insurance company towards the bike insurance policy
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 is the amount of risk that is covered for the policyholder through an insurance policy.
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Frequently Asked Questions About Electric Bike Insurance Policy
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 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.