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Buy/Renew Ola Electric Bike Insurance

Ola Electric Bike Insurance

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BUY/RENEW OLA ELECTRIC BIKE INSURANCE

Just as your regular scooter or bike requires insurance coverage, so does your Ola electric scooter. Your electric bike insurance can keep your electric two-wheeler financially protected against the possibility of mishaps. Thus, your two-wheeler electric vehicle insurance can keep your finances safe in case you were to face anything adverse involving your electric two-wheeler.

You can choose from at least two types of electric vehicle insurance plans for your EV scooter. Remember that insurance for an e-scooter is as important as insurance for a regular fuel-driven vehicle. The process of purchasing it is also fairly similar to buying any regular vehicle insurance.

Why choose Bajaj Allianz for Ola scooter insurance?

There are several reasons to choose Bajaj Allianz General Insurance, Ola S1 Insurance or any other electric bike or electric car insurance.

  • Cost-effective plans
  • Host of add-ons
  • Fast and hassle-free claims process
  • Instant claim settlement

Ola Electric Scooter Insurance – Inclusions and Exclusions

  • Inclusions

  • Exclusions

Damage or loss due to theft or robbery

Damage caused by natural disasters

Any third-party liability

Self-injury in a bicycle accident

Damage caused by road, air, rail or sea

Other inclusions provided by specific add-ons.

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Normal wear and tear

The driver is impaired if he is driving under the influence of harmful substances

When the vehicle is used for other than its intended use

The damage is caused if the vehicle is used outside the geographical limits

If the vehicle is used for illegal activities

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Types of plans for Ola electric scooters

The types of plans you can buy for your Ola electric scooter can be divided into two main categories. These are

Third-party Liability Plan

Comprehensive Plan

Among them, third party liability insurance for Ola electric scooters protects you from financial liability if you experience a breakdown and cause damage to others or their vehicles. This type of policy is mandatory for vehicles in India under the motor vehicles act, 1988. So, whether your vehicle is electric or petrol based, you should at least have third party liability Ola S1 Pro insurance.

On the other hand, comprehensive insurance for Ola electric scooter is a more comprehensive type of policy. Apart from third party liability, comprehensive insurance for Ola electric scooter will offer other covers like own damage, personal accident and more. Although you are not legally required to get Ola electric scooter insurance, you can. This way you can be more financially secure.

Add-ons for Ola electric bike insurance

Add-ons show how you can upgrade your insurance for Ola electric scooter. Some of the more common add-ons include:

  • Engine protection
  • 24X7 Roadside assistance
  • Outstation emergency
  • Key protection
  • Consumables cover
  • theft or damage to valuable items

Note that if you purchase third party liability only Ola S1 Pro insurance, you cannot add this extra to your plan. If you are looking for this additional cover for your Ola electric bike, you can opt for Ola electric scooter insurance.

How to File a Claim?

You can start by choosing from the many options that insurance providers offer for electric bike insurance.

Some common methods you can apply for are:

  • Call the toll-free number provided by your insurance provider
  • Send an email to the official support email address
  • Make a claim through their website
  • Claim through their Application

For third party Ola S1 insurance, you can receive transactions through a dedicated email channel for third party liability claims.

The process of making an insurance claim for your electric bike is similar to making an electric car insurance claim.

Frequently Asked Questions

Is electric scooter insurance mandatory?

In India, electric scooter insurance is mandatory under the Motor Vehicles Act of 1988. You must have at least third-party liability insurance coverage to legally ride an electric scooter on public roads in India.

What does electric scooter insurance cover?

Electric scooter insurance in India typically covers third-party liability, which includes any injuries or damages you may cause to another person or their property while riding your electric scooter. You can also opt for a comprehensive insurance policy that covers theft, damage to your scooter, and personal accident cover.

What are factors based on which the premiums of electric scooter insurance vary?

The cost of electric scooter insurance in India varies depending on a range of factors, including the value of your scooter, your age and driving record, and the level of coverage you choose.

Where can I get electric scooter insurance?

You can purchase electric scooter insurance from any general insurance company that offers two-wheeler insurance in India. Many insurance companies have online portals where you can compare policies and prices and purchase insurance online. You can also purchase insurance through an insurance agent or a third-party aggregator website.

Disclaimer

I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

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