Ola Electric Scooter Insurance

To ride an Ola electric scooter in India, you must insure the scooter with this type of insurance plan since it is mandatory as per The Motor Vehicles Act, 1988. The plan provides financial protection against third-party liabilities that include damages to their vehicle or property or injury/death of a third-party caused by the insured scooter. However, it does not cover damages to your electric scooter.

For wide-ranging benefits and coverage for your electric scooter, you should opt for this plan since it includes both Third-party Liability Plan and Own Damage (OD) cover components. The OD component provides a financial shield against damages to your electric scooter and losses incurred by your vehicle. The policy covers damages due to an accident, man-made or natural calamities (flooding, rioting, etc.), fire and even offers coverage in case of vehicle theft. You also have the option to include add-ons to increase the coverage.

This type of two-wheeler insurance policy provides coverage if the Ola electric scooter gets damaged. However, it does not include coverage for third-party liabilities,

With this add-on, you get the complete claim amount, irrespective of the depreciation costs you may have incurred over the years. 

Typically, a bike insurance policy does not provide coverage if there is any damage to the engine. But, when you have engine protection coverage, you will also get coverage for damage to the engine.

If your Ola electric bike breaks down in the middle of the road, this cover will provide the necessary assistance.

 If the Ola bike keys get lost, stolen, or damaged, the Key Protect Cover will provide financial protection for the repair or replacement costs. 

The Consumables Cover protects you financially if there is any damage to consumables like nuts, bolts, etc of the insured bike.

Even if you have raised a claim in a given year, the No Claim Bonus will still remain intact if you have this add-on.

Being a digital insurance company, we follow the direct-to-customer approach; hence, there are no middlemen. This results in lower operating costs. These savings are passed on to you through low-cost bike insurance plans.

Claims for negligible damages such as dents are settled within a few hours. You can get your electric vehicle repaired at a garage of your choice. For significant damages, our support team shall guide you through the entire process.

Raising a claim against your policy is easy and hassle-free. Visit our website or mobile app to access your account and the policy, answer a few questions, upload pictures of the damaged vehicle to submit your claim.