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Home / Two-wheeler Insurance / Ola Electric Scooter Insurance / Ola S1 and S1 Pro Electric Bike Insurance
Ola S1 and S1 Pro made their much-awaited entry into the Indian electric bike market in late 2021. The stunning appearance, iconic features and impressive specifications of these two scooters make them coveted electric bikes. Nonetheless, driving these electric scooters on Indian roads legally requires buying bike insurance. Read on to learn about Ola S1 and S1 Pro electric scooter insurance. Also, about buying/renewing bike insurance online.
For electric bikes, the following two bike insurance plans are applicable.
This basic plan is mandatory for all electric bike owners in India to possess. It covers injury, damages or property damages incurred by a third party.
This plan offers the coverage of a Third-party Bike Insurance and additionally offers an Own Damage (OD) cover. Apart from these, you can also select add-ons under this plan.
The following situations are covered under a Comprehensive Bike Insurance Plan for Ola S1 and S1 Pro electric scooters.
Accident caused damages, injury or death incurred by a third party
Loss/damage that can be attributed to natural causes like cyclones, floods, earthquakes, etc.
Loss/damage that can be attributed to man-made causes like vandalism, riots, etc.
Theft of the insured electric scooters
Damages to the electric scooters that cannot be repaired
Additional inclusions if you decide to opt for add-ons
Note: Personal Accident (PA) cover provides financial compensation in the event of accidental disability/death to the insured and is mandated by law. However, it is not covered under a Comprehensive Bike Insurance Plan.
The following situations are not covered under a Comprehensive Bike Insurance Plan for Ola S1 and S1 Pro electric scooters.
Damages that result from partaking in illegal racing
Driving under the influence of mind-altering substances
Being found without the possession of valid documents while driving
Not observing traffic rules while driving
Damages that result from mechanical or electrical dysfunction in the insured scooters
Damages the result from the regular wear and tear of electric scooter parts
Damages that come about outside the geographical areas mentioned in the policy document
You can opt for the following add-ons for your Ola S1 or Ola S1 Pro electric scooter under a Comprehensive Bike Insurance Plan.
Roadside Assistance Cover
Bike Engine Protection Cover
Personal Accident Cover
Key Protection Cover
Personal Belongings Cover - Damage/Theft Cover
Zero Depreciation Cover
Outstation Emergency Cover
Disclaimer: The add-ons listed above are subject to availability.
Here are the key reasons why ACKO bike insurance is the best option for an Ola S1 or S1 Pro electric scooter.
Owing to ACKO being a completely digital insurer, direct to customer transactions are possible. This helps us get rid of intermediary operational expenses, allowing us to offer affordable prices on our policies.
Claims raised with ACKO are dealt with speedily. We make sure that claims raised for small damages are settled in just a few hours. And more major damages we try to settle as soon as possible.
When you get your two-wheeler insured for the very first time, insurers usually send a surveyor to examine your vehicle before approving the insurance. However, you can buy bike insurance without going through the hassle of having your vehicle inspected.
Buying bike insurance from ACKO is a completely paperless process. So, you do not need to submit hard copies of any documents to buy or renew your Ola S1 or S1 Pro bike insurance.
The lowest-priced bike insurance plan for Ola S1 and S1 Pro is a Third-party Bike Insurance Plan. However, it offers financial cover only for injuries, death or property damage incurred by a third party. It does not cover damages to your insured electric scooter.
A Comprehensive Bike Insurance Plan offers cover for third-party liabilities and own damage. Although it may cost more than the previous plan, it offers better coverage. That is why we recommend this plan over the previously discussed one.
The policy premium charged for ACKO’s bike insurance is dependent on various factors like the bike’s age, model/make, Insured Declared Value (IDV), etc. Thus, the exact premium payable may vary depending on the bike’s specifications. However, you can refer to ACKO's Two-wheeler Insurance Premium Calculator to get a free quote for your electric scooter.