Kotak Mahindra Car Insurance

Kotak Mahindra Car Insurance has come up with varied and various benefits that can cater to the needs of different individuals. Have a look at below to know more about its features and benefits.

• Cashless servicing – If your insured car faces any loss or damage, you can repair your car in one of the network garages of the company and thus you can avail of the cashless and seamless facility with this insurance plan. And moreover, Kotak Mahindra has more than 1000 network garages spread all over the country. So, it is very easy to find the suitable one within your vicinity.

• Comprehensive coverage – This policy has presented almost every feature and benefit that caters to an insured person. From third party liabilities to personal accident cover, everything is available under the policy. Apart from that, you can cover the electrical and non-electrical accessories and bi-fuel systems. You can also avail yourself of other India Motor Tariff endorsements by paying a little extra premium.

• NCB benefit – If you want to shift your policy from Kotak Mahindra to another insurer, you can avail of the No Claim Bonus (NCB) Benefit as per your expiring policy.

• Multiple discounts – This plan also offers you the opportunity to earn an additional discount on your premium if only you have opted for Voluntary Deductible in Addition to Compulsory Deductible that is subject to a tariff of the plan. On top of that, if you are a member of a recognized Automobile Association of India (AAI), you are eligible to get extra discounts.

• Cover for any total or partial loss or damage to the vehicle – If your car is damaged or lost due to any natural calamities such as flood, volcanic eruption, explosion, lightning, earthquake, cyclone, tempest, etc. or by any man-made hazards such as riots, strike, malicious activity, terrorist activity, etc. this policy will be there to reimburse your financial loss.

• Personal accident cover – As an inbuilt cover, if he/she suffers an injury due to an accident, the plan offers cover for the owner driver while driving the vehicle including mounting into or dismounting from or traveling in the insured vehicle as a co-driver. The plan also allows you to avail of an optional cover for other passengers and drivers that maintains the limit of carrying capacity of the vehicle, excluding the driver.

• Third party liability cover – With this plan, you are eligible to avail of the cover for the third party liabilities as this plan offers coverage for the third party property damage arising out of an accident and also covers bodily injury, including death incurred due to an accident.

• Hassle-free claim process – Kotak Mahindra Car Insurance offers you a hassle-free claim process. Less paperwork is to be done during the same procedure and the claim can be registered promptly and seamlessly.

As the insurance market is flooded with lots of general insurance companies, it really becomes difficult for the policy-seeker to find an ideal one that can cater to his/her needs. But while evaluating the companies during the selection process, if you can keep in mind a few parameters, it becomes easier to find an ideal one. To make things easier for you, after evaluating all the potential parameters, it has been found that Kotak Mahindra Car Insurance is a good choice for you. Here are the reasons for that.

Claim Settlement Ratio – You buy a car insurance plan so that it can help you in your most needed times. For that, the claim settlement ratio plays a pivotal role as it reflects the company’s credibility. According to the IRDA Annual Report, the incurred claim settlement ratio for Kotak Mahindra in the segment of car insurance is 75.66% in the financial year of 2019-2020, which is certainly good and higher than many other general insurers. So, once you have bought a car insurance plan from this company, you can stay relaxed.

Network Garages – If you want to avail of the cashless facility, you need to find a network garage of the company within your vicinity as you cannot travel far with your damaged car. Additionally, you want a garage that can address your needs. For that, the number of network garages matters a lot. Kotak Mahindra has a wide range of network garages spread all over the country that will not only help you to find one within your reach but also the ideal one.

Strong Background – This insurer is a 100% subsidiary of Kotak Mahindra Bank Ltd. Which is one of the most trustworthy and leading private sector banks of India. The company is also popular among its customers and has bagged numerous awards and recognitions, which really puts it in a good and reliable position.

Distribution Network – As of September 2020, Kotak Mahindra has 19 official branches spread across India and 793 reliable and experienced employees. Apart from that, the company is well connected with its consumers through many individual agents, corporate agents, and electronic service providers. So, whenever you need anything from this company, it will always be present at your doorstep with the promise of keeping you safe and protected.

Enhanced Benefits – Keeping in mind the needs of its customers, the company has come up with a bag full of add-on covers, ranging from NCB protection, roadside assistance to key replacement, and many more. So, you can always avail of the flexibility to add the additional benefits to your basic car plan to make it stronger and to stay well protected.

Customer Service – You can easily contact the company by calling on their contact number or by just sending a mail to it. Apart from that, their official website is built with the ‘Customer Support’ tab that will help you to get connected with the company whenever you want. So, their experts are always there for you, just a click away.