Different businesses have different kinds of requirements. Ensure all your commercial vehicles are insured with our Miscellaneous Vehicle Insurance plan that covers everything from tractors and excavators, to shovels, grabs, mobile rigs and more.
Damage Cover: We provide cover if your car is damaged partially or completely due to any natural calamities (such as; fire, explosion, self-ignition/lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide, etc.) or man-made calamities (such as; burglary, theft, riot, strike, malicious act, accidental external means, terrorist activity, damage in transit by road, rail, inland waterway, lift elevator or air, etc.)
Personal Accident Cover:We provide financial security to owners when they are driving, mounting into, dismounting from, or travelling as a co-driver in the insured vehicle. This protection is extended to paid drivers and other passengers in the car as well, as long as the number of passengers is limited to the carrying capacity of the car, excluding the driver.
Third-Party Legal Liability: In order to keep everybody safe, Kotak Commercial Vehicle Secure provides cover for any damage to third-party property and third-party bodily injury (including death) caused by an accident involving the insured vehicle.
Comprehensive Cover: To provide complete protection, Kotak Commercial Vehicle Secure covers all electrical and non-electrical accessories as well as bi-fuel systems of the vehicle. If you would like to avail of other India motor tariff endorsements, you can do so by paying the required additional premium, if any.
The Kotak Edge: When it comes to keeping your money and your life safe and secure, it pays to go with a reputed company. The Kotak Group has an illustrious history that spans over 3 decades, and is considered to be one of the most trusted brands in the country. With Kotak Commercial Vehicle Secure, your car is in safe hands.
No Claim Bonus: Based on your previous claim history, you are eligible for an attractive No Claim Bonus (NCB). If you do not make any claims in the preceding year or years, you are entitled to an NCB on the Own Damage (OD) section of the policy based on the following table:
Do remember, you will be eligible for the NCB only if the insurance policy is renewed within 90 days of the previous policy’s expiry date.
However, in the case of Military or Paramilitary Personnel working in Forward Areas, the period of 90 days may be extended up to 365 days, depending on the circumstances of each individual case with a declaration in writing by the policyholder that the vehicle was not put to use during the interim period.
Cashless Servicing: No matter where your long drives take you, our network of over 350 garages allows you to enjoy hassle-free cashless servicing across the country
NCB Discounts & Entitlements: Don’t worry about switching insurance agencies. You can retain your No Claim Bonus (NCB) benefits (as per your expiring policy) when you choose to shift your policy from another insurer to Kotak General Insurance
Premium Discounts: Get an additional discount (as per the tariff) on your premium when you opt for Voluntary Deductible in addition to Compulsory Deductible
AAI Members Discount: If you’re an active member of a recognised Automobile Association of India (AAI), you can enjoy an additional discount on your insurance premiums
The Kotak Edge: When it comes to keeping your money and your life safe and secure, it pays to go with a reputed company. The Kotak group has an illustrious history that spans over 3 decades, and is considered to be one of the most trusted brands in the country. With Kotak Car Secure, your car is in safe hands
Cashless Claim Process
Step 1: Call us on 1 800 266 4545 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy
Step 2: Once your claim is registered, our customer support executive will provide you with a Claim Reference Number
Step 3: 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
Step 4: We will arrange for an inspection to be conducted within 24 hours if a claim is reported on a working day, and on the next working day if the claim is reported on a Sunday or a public holiday
Step 5: On cashless facility confirmation, the vehicle can be repaired at a preferred network garage, and the payment will be made directly to the garage
Step 6: You will only be required to pay the deductible as mentioned in the policy, and the depreciation value, salvage, etc., as informed by the surveyor
Step 2: Submit all bills along with your policy details to us and we will make the payment within 7 working days of completion of documentation
What is IDV?
The Insured's Declared Value (IDV) of the vehicle is the maximum Sum Assured fixed by the insurer at the beginning of each policy period for the insured vehicle. If the vehicle suffers total loss, the IDV is the compensation that the insurer will provide to the policyholder.
What should the IDV of my vehicle be?
The IDV of the vehicle is fixed on the basis of the manufacturer's listed selling price of the brand and model of the vehicle proposed for insurance at the commencement of insurance or at renewal, and is adjusted for depreciation (as per the schedule specified below). The IDV of the sidecar(s) and/or accessories, if any, fitted to the vehicle, but not included in the manufacturer's listed selling price of the vehicle is also likewise to be fixed.
What is an endorsement?
An endorsement is written evidence of an agreed change in policy terms.
How long is my insurance cover valid for?
Exclusions: At Kotak Mahindra General Insurance, we value transparency above everything else. Here's a list of what we don't cover under our Kotak Commercial Vehicle Secure Policy, so we can avoid any inconvenience at the claims stage.
Loss/Damage to the vehicle/accessory/accessories arising by the following will not be covered:
Cancellation Grid:In case you would like to cancel your policy within a year, we will retain a portion of the premium as specified below:
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