Okaya Bike Insurance

Okaya manufactures electric bikes for eco-conscious riders who prefer efficient urban mobility. While these vehicles provide a sustainable mode of transport, they also face challenges like navigating busy city roads to potential wear and tear. If you own an Okaya bike or are planning to buy one, you must have an Okaya insurance policy, with which you can manage any unexpected costs that may arise related to your bike.

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  • Save up to 85% by comparing plans
    Save up to 85%# by comparing plans
  • 20+ Insurers to choose from
    17+ Insurers to choose from
  • 1.2 Crore+ Bike Insured
    1.2 Crore+ Bike Insured
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No paperwork required! Renew insurance in 60 seconds^

Plans starting at only @ ₹1.3/day*

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About Okaya Bikes

Okaya Electric Vehicles is a part of the Okaya Group. It is a relatively new player in the electric vehicle market, focusing on eco-friendly two-wheelers tailored for urban commuting. Okaya offers a range of electric scooters, including models like the Faast series. The company aims to support India's transition to green energy by providing reliable electric alternatives, making it easier for urban riders to reduce their carbon footprint.

Popular Okaya Bike Models With Bike Insurance Price

Okaya Bike Models (Registration 2024) Zero Dep Cover* (Add-on Cover) Estimated Okaya Insurance Price* (1+5 Bundled Policy)
Okaya Faast F2B STD Ebike (2.5) ₹ 697 ₹ 3,275
Okaya Faast F4 (2.5) ₹ 936 ₹ 3,488

*Disclaimer: Okaya Insurance price may change depending on factors like the insurance provider you choose, the bike model you own, the manufacturing year of the bike, the registration location, and the Insured Declared Value (IDV). Further charges may apply to your insurance policy if you're opting for add-ons .

Okaya Insurance Price Calculator

If you want to get an instant quote on Okaya bike insurance, you can use the online bike insurance calculator available on Policybazaar.com. This tool allows you to compare insurance options specific to your Okaya bike model. Simply enter details such as:

  • The ex-showroom price of your bike
  • Model and variant information
  • RTO location and registration year
  • Claim history (if applicable)

Coverage Under Okaya Insurance Policy

  • Inclusions
  • Exclusions

The following coverages are typically included in an Okaya bike insurance policy:

  • Theft or Total Loss: If your bike is stolen or damaged beyond repair, the policy compensates based on the Insured Declared Value (IDV).
  • Accidental Damage: This covers expenses for repairs due to accidents, including third-party liability. If an accident results in injury to others or damage to property, the policy assists with legal and medical costs.
  • Fire-Related Incidents: Damages due to fire, explosions, or similar incidents are included in the coverage.
  • Natural Disasters: Protection extends to damages from natural events like earthquakes, floods, and storms.
  • Civil Disturbances: Damages from riots, strikes, vandalism, or public disturbances are also covered.

Some incidents and conditions are not covered under an Okaya bike insurance policy:

  • Routine Wear and Tear: Regular maintenance, normal wear, and mechanical breakdowns are excluded, as these are part of standard upkeep.
  • Influence of Alcohol or Drugs: Damages occurring while riding under the influence of alcohol or drugs do not qualify for claims.
  • Invalid Documentation: Claims may be denied if required documents, such as a valid driver's licence, are missing or invalid at the time of the incident.
  • Improper Use or Negligence: Damages resulting from misuse, negligence, or involvement in illegal activities are not covered.
  • Out-of-Coverage Incidents: Incidents occurring outside the policy's geographical scope or after policy expiry are not eligible for coverage.

*Disclaimer: Coverage terms may vary based on the insurer. Reviewing your Okaya insurance policy in detail is essential to understand all terms, inclusions, and exclusions.

How to Buy/Renew Okaya Insurance Online?

If youre looking to buy or renew Okaya bike insurance online, follow these steps:

  • Step 1: Visit Policybazaar.com and go to the "Bike Insurance" section.
  • Step 2: Choose the policy type you need. For renewals, enter your bike's registration number. If you're insuring a new bike, select the "Bought a New Bike" option to proceed.
  • Step 3: Fill in the required details, including your bike's model, variant, and registration information. Providing accurate information helps ensure a smooth and efficient process.
  • Step 4: Browse the available insurance plans. Compare the coverage, benefits, and costs of each plan to find the best match for your needs.
  • Step 5: Select your preferred level of coverage. A comprehensive policy offers extensive protection, while a third-party policy provides basic liability coverage.
  • Step 6: Complete your purchase by making the payment. Once done, the Okaya insurance policy document will be sent to your email address.

Okaya Insurance Policy Add-ons

To enhance your Okaya insurance policy cover, you can use these add-ons:

  • No Claim Bonus (NCB) Protection Cover
  • Zero Depreciation Cover
  • Engine Protection Cover
  • Return-to-Invoice (RTI) Cover
  • 24/7 Roadside Assistance
  • Passenger Assistance Cover
  • Personal Accident Cover
  • Consumables Cover

How to Claim Okaya Insurance Online?

To file an insurance claim for your Okaya bike, follow these steps:

  • Step 1: Contact your insurer immediately after the incident to avoid delays in claim processing. Keep your policy number and incident details ready for smooth claim registration.
  • Step 2: Once the claim is registered, an insurance surveyor will inspect the damages to your Okaya bike to confirm coverage and validate the claim.
  • Step 3: Gather and submit essential documents, such as your ID, completed claim form, original Okaya insurance policy, and the bike's registration certificate. Photos of the damage can further support your claim.
  • Step 4: For cashless claims, you can take your bike to an authorised Okaya service centre. The insurer will settle repair costs directly based on the surveyor's assessment.
  • Step 5: If you opt for a non-network service centre, you must pay for repairs upfront and then submit the bills to your insurer for reimbursement.

Okaya Insurance Online FAQs

  • Q. Can I customise my Okaya bike insurance policy?

    Ans: Yes. You can enhance your Okaya insurance with add-ons like Zero Depreciation, Engine Protection, and Roadside Assistance to better suit your needs.
  • Q. What documents are required for an Okaya insurance claim?

    Ans: You typically need your ID, completed claim form, original insurance policy, bike registration certificate, and any relevant photos of the damage.
  • Q. How does Okaya insurance renewal work?

    Ans: To renew your Okaya insurance, visit Policybazaar.com, enter your bike's details, select the desired coverage options, and make the payment.
  • Q. Is a cashless claim facility available for Okaya bikes?

    Ans: Yes. If you visit an authorised Okaya service centre, repair costs will be settled directly by the insurer under cashless claim benefits.
  • Q. Can I renew Okaya insurance online after it has expired?

    Ans: Yes. You can renew expired Okaya insurance online by providing the necessary details, although a vehicle inspection may be required.

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Written By: PolicyBazaar
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Average Rating
(Based on 793 Reviews)

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Reviews & Ratings

4.7 / 5 (Based on 793 Reviews)
(Showing Newest 10 reviews)
Raghav
Delhi, August 30, 2024
True Saviour
I was riding home late at night when I lost control and hit my bike on something. My bike was severely damaged, but luckily, I had Reliance General Bike Insurance, which helped me get compensation for the repair costs.
Mayur
Ludhiyana, August 30, 2024
Natural Disaster Coverage
My bike was damaged during heavy rains and flooding in my area. I thought I would have to bear the cost, but on contacting the Policybazaar agent, I learned my SBI Bike Insurance covered the damages. The claim process was hassle-free.
Vinay
Agra, August 30, 2024
Quick Response
I had a misfortune incident when someone tried to steal my bike. Luckily, I learned about it, but the bike was damaged in the process. I filed a claim with my insurance, and the Policybazaar team handled everything quickly. The repair costs were covered, and I didn't have to worry about a thing with Digit Two Wheeler Insurance.
Nilesh
Phagwara, August 30, 2024
Simple Process
I recently purchased HDFC ERGO Two Wheeler Insurance through Policybazaar. I must say, the process is really simple and easy. Highly recommended.
Varun
Pune, August 30, 2024
All time Assistance
Working late one night, I had an accident on my return home. I called the bike insurance helpline number, and thankfully, they were available all time. I am really happy that I took the ICICI Lombard Two Wheeler plan through Policybazaar.
Sohail
Thane, August 30, 2024
Good Experience
I am really happy that I purchased TATA AIG Bike Insurance through Policybazaar. I was able to get the full claim when the bike was damaged in an accident. Thank you!
Pankaj
Mumbai, August 30, 2024
Timely Payout
With Kotak Mahindra Bike Insurance, I was able to get the timely payout when my bike was stolen. I could get a new bike without any financial stress.
Bhavesh
Lucknow, August 30, 2024
Covered Repair Costs
I was riding home late at night when I lost control and hit my bike on something. My bike was severely damaged, but luckily, I had Reliance General Bike Insurance, which helped me get compensation for the repair costs.
Nihal
Jharkhand, August 30, 2024
Big Relief
I had an accident when I was returning from my office. My bike was severely damaged. I'm really happy that the insurance covered all the repair costs, and I didn’t have to spend a penny from my pocket.
Rahul
Merath, August 30, 2024
Great Customer Support
I was unsure about the coverage options for my two wheeler but the customer service team at Policybazaar was very patient and helpful in answering my questions. They guided me through the process, and I’m now insured with National Two-Wheeler Insurance. It was a smooth experience from start to finish!

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in