Ola Electric Scooter Insurance

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Ola Electric Scooter Insurance

Home / Two-wheeler Insurance / Ola Electric Scooter Insurance

Ola Electric entered the Indian electric scooter segment with its impressive range of vehicles, including the cool-looking Ola S1 and Ola S1 Pro. If you have purchased or thinking of buying one of this fantastic electric scooters, you should insure it with an insurance plan that offers wide-ranging benefits. Here are the details of Ola Electric bike insurance and the benefits of online electric bike insurance.

About two-wheeler insurance for Ola Electric scooters

The purpose of insuring your electric scooter is to protect yourself against financial loss arising from third-party liabilities and damages incurred by your scooter. Therefore, it is important to choose Comprehensive Insurance since it comes bundled with third-party bike insurance (Third-party Liability Plan) and Own Damage (OD) cover. The latter provides financial security against damages arising from accidents, natural and man-made calamities, fire, etc. It also covers vehicle theft and damages beyond repair (total loss). You should also consider adding add-on covers to enhance the base plan’s coverage.

Get insurance for Ola Bike Models/Variants: Ola S1 and S1 Pro Insurance

Types of bike insurance plans for Ola Electric scooters
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Here are the main types of bike insurance plans for Ola Electric scooters.

Third-party Bike Insurance Policy
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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.

Comprehensive Bike Insurance Policy
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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.

Inclusions: What’s covered in Ola Electric bike insurance?

Here are the coverage details of the Comprehensive Plan for Ola Electric scooters.

Note: It is mandatory to buy the Personal Accident (PA) cover separately when you purchase or renew the insurance plan. It offers financial protection to the policyholder in case of death or disability caused by accident.

Exclusions: What’s not covered in Ola bike insurance?

Here are the exclusions under the Comprehensive Bike Insurance Plan for Ola Electric scooters.

Add-ons for Ola Electric bike insurance

Here are the add-ons that you can purchase with the Comprehensive Plan for Ola Electric scooters subject to availability.

Why ACKO?
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Here is why you should insure your Ola Electric scooter with ACKO bike insurance.

Administrative Hassles

Affordable plans
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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.

Sum Insured

Instant claim settlement
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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.

Easy Claims

Quick claim process
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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.

ACKO’s claim process

Here are the steps you need to follow to register your claim with ACKO.

ACKO shall settle minor claims within a few hours. As for significant damages, our support team will help you with the process for a smoother experience.

Frequently asked questions
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Here are some commonly asked questions about Ola Electric bike insurance.

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How to buy bike insurance from ACKO for my Ola Electric scooter?

Ours is an online platform; hence, you need not fill out paperwork or submit physical documents to insure a two-wheeler. All you need to do is visit our website or download our mobile application and provide a few details of your scooter. You can choose the type of insurance plan for the Ola Electric scooter and pay the premium online to insure your electric scooter instantly.

Which is the most suitable two-wheeler insurance for Ola Electric scooters?

For wide-ranging benefits and wholesome insurance coverage, it is better to choose Comprehensive Insurance since it includes the mandatory Third-party Liability Plan and Own Damage (OD) cover. You also can select valuable add-ons to further increase the coverage of the base plan.

What documents are required to insure my Ola electric scooter from ACKO?

At ACKO, you don’t have to submit physical documents to insure your Ola electric scooter. The process is completely paperless.

Can I purchase two-wheeler insurance for a brand new Ola Electric scooter from ACKO?

Yes, you can buy bike insurance for a brand new Ola Electric scooter from ACKO. Visit our website or mobile app, and select a quote on a brand new two-wheeler. Select the plan as per your needs, pay the premium and get your brand new Ola Electric scooter insured at ACKO.

Two-wheeler insurance for other Ola bike models
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ACKO General Insurance Limited

2nd Floor, #36/5, Hustlehub One East, Somasandrapalya, 27th Main Rd, Sector 2, HSR Layout, Bengaluru, Karnataka 560102

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CIN: U66000KA2016PLC138288

IRDAI Registration No: 157

Category: Non-Life Insurance

The use of images and brands are only for the purpose of indication and illustration. ACKO claims no rights on the IP rights of any third parties. The ratings are derived from reviews and feedback received from Google and Facebook users on their respective platforms. | *Save Rs. 45,000 has been calculated on IDV of 20,00,000, 0% NCB and select add-ons. Amount saved is in comparison to Acko's F&U filing. Product name: Private Car Policy - Bundled | UIN: IRDAN157RP0014V01201819 |

Trade logo displayed above belongs to ACKO Technology & Services Pvt Ltd and used by ACKO General insurance Limited under License. For more details on risk factors, terms, conditions and exclusions, please read the policy wordings carefully before concluding a sale.

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