Kotak Commercial Vehicle Secure - Passenger Carrying Vehicle Insurance

Kotak Commercial Vehicle Secure - Passenger Carrying Vehicle Insurance
When you have passengers in your vehicle, you are responsible for them. Make sure you're always prepared with our comprehensive Passenger Carrying Vehicle Insurance Plan.
Key benefits

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: If you happen to get injured while driving, mounting into, dismounting from, or travelling as a co-driver in the insured vehicle, Kotak Commercial Vehicle Secure has you covered. This protection is also extended to other passengers travelling in the car, 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 more 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



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.

Features
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 recognized 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 Commercial Vehicle Secure, your car is in safe hands

Optional Covers
Choose from a range of optional add-ons that are customized to your needs, and provide you with enhanced protection. Ensure maximum protection for your car by selecting the following add-ons that are
available at an additional premium:

Roadside Assistance
Depreciation Cover
Consumables Cover
Engine Protect
Return to Invoice

Waiting Period/Exclusions
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:
Normal wear and tear and general aging of the vehicle
Depreciation or any consequential losses
Vehicle being used otherwise than in accordance with limitations as to use
Mechanical/electrical breakdown
Any contractual obligations
Damage to/by a person driving the vehicle under the influence of drugs or liquor
Damage to/by a person driving the vehicle without a valid license
Damages due to nuclear risk or war
Damages to tyres and tubes unless the vehicle is damaged at the same time, in which case the liability of the company shall be limited to 50% of the cost of replacement
Damage caused by overloading or strain of the insured vehicle
Damage to any bridge and/or via duct and/or to any road and/or anything beneath by vibration or by the weight of the insured vehicle and/or load carried by the insured vehicle