Ola Electric Scooter Insurance

A comprehensive insight into Ola electric scooter insurance. Check the coverages, exclusions, and calculate the premium for your Ola electric bike.
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Ola Electric Scooter Insurance
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3 mins
09-November-2023

As the automotive landscape in India evolves towards sustainability, Ola Electric has emerged as a frontrunner with its revolutionary electric scooter. Beyond the joy of eco-friendly commuting, protecting your prized possession with the right insurance is paramount. In this comprehensive guide, we delve into the intricacies of Ola electric insurance, exploring its unique features, premium calculation methods, and types of insurance plans.

About Ola electric insurance

Ola Electric's foray into the electric scooter market, brings not only an eco-conscious commuting choice but also a distinctive insurance offering. Ola insurance is tailor-made to safeguard your Ola electric scooty, ensuring peace of mind on every ride. Let us explore the essential aspects that make Ola Electric insurance a standout choice for riders across India.

How to calculate the premium for Ola electric insurance

Calculating the insurance premium for your Ola electric scooty is a crucial step in ensuring comprehensive coverage. Factors such as the scooter's model, manufacturing year, and your location play a role in determining the premium. Ola insurance provides a user-friendly online premium calculator tool that simplifies this process, allowing riders to get an instant quote based on their specific details. This transparency empowers users to make informed decisions and choose a premium that aligns with their budget.

Types of car insurance plans for Ola electric scooters

Ola Electric offers a range of insurance plans tailored to meet the diverse needs of the bike owners. The two primary types are:

Third-party insurance: This is a mandatory insurance plan that covers damages or injuries caused to third parties in case of an accident involving your Ola bike. While it fulfils legal requirements, it is recommended to opt for a more comprehensive plan for enhanced coverage.

Comprehensive insurance: As the name suggests, this plan provides a more extensive coverage spectrum. It not only includes third-party liability but also covers damages to your Ola bike caused by accidents, theft, natural calamities, and more. The comprehensive insurance plan is ideal for those seeking holistic protection for their electric scooter.

Inclusions of Ola insurance policy

Ola Electric's insurance policy comes with a host of inclusions, ensuring that you are covered in various scenarios. Some of the key inclusions are:

Accident coverage: Comprehensive protection against damages arising from accidents, ensuring your Ola bike is restored to its former glory.

Theft coverage: In the unfortunate event of theft, Ola insurance steps in to compensate for the loss, providing financial relief to the owner.

Third-party liability: Coverage for damages or injuries caused to third parties, meeting the legal requirements for scooter owners in India.

Natural calamities: Protection against damages caused by natural disasters such as floods, earthquakes, and cyclones, safeguarding your Ola vehicle in unforeseen circumstances.

Exclusions of Ola insurance policy

While Ola Electric Scooty’s insurance policy offers comprehensive coverage, it is essential to be aware of the exclusions to avoid any surprises. Some common exclusions include:

Rider's negligence: Damages caused due to the rider's negligence, such as riding under the influence of alcohol or violating traffic rules.

General wear and tear: Gradual wear and tear of the scooter over time, which is a natural part of vehicle ownership.

Illegal activities: Damages incurred while engaging in illegal activities or using the Ola vehicle for purposes prohibited by law.

Add-ons for Ola electric scooter insurance

For riders looking to enhance their coverage, Ola Electric offers a range of add-ons that provide extra layers of protection to your vehicle. Some noteworthy add-ons include:

Zero depreciation cover: Ensures that you receive the full claim amount without any deduction for depreciation on the scooter's parts.

Roadside assistance: Offers assistance in case of breakdowns or emergencies, providing services like towing, fuel delivery, and flat tyre assistance.

Personal accident cover: Provides financial coverage in case of accidental death or disability of the rider, offering additional security to the scooter owner.

In the dynamic landscape of electric scooters, Ola electric scooty stands out as a beacon of sustainability and innovation. Complementing this exceptional ride with comprehensive insurance coverage is a prudent choice for riders seeking a holistic and secure ownership experience. So, commute with Ola electric scooter and ride confidently with Ola insurance.

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T&C Apply. *Premium indicated is exclusive of taxes for third party coverage of two-wheeler up to 75 CC. Premium may vary based on the specification of the vehicle.