Ola S1 Insurance Price & Policy Renewal Online

Ola Electric Mobility is an electric two-wheeler manufacturer in India founded in 2017. Launched in August 2021, Ola S1 turned several heads in the Indian two-wheeler market with its modern design.

Ola Electric Mobility manufactures e-scooters packed with various utility and safety features. Unfortunately, like any other scooter, Ola S1 too is prone to accidents and damages.

As a result, it is vital to go for a responsible insurer like Digit to buy or renew your Ola S1 insurance.

Besides price, there are several other factors to consider while choosing your insurance provider. Digit Insurance brings along many convenient benefits that deem it a favourable option for Ola two-wheeler owners.

• Three Insurance Policy Options - Digit offers three separate insurance policies to choose from.

• Third-Party Liability Two-Wheeler Insurance Policy - This policy provides financial coverage against liabilities arising from third-party damages caused by your Ola S1 in the event of an accident. In addition, this policy financially covers the expenses owing to bodily injuries or the death of any third person involved as well as litigation issues.

• Own Damage Insurance Policy - This standalone policy provides policyholders financial coverage for their two-wheelers against damages from fire, natural disasters, accidents and more. However, it does not cover any third-party liabilities. Hence, existing third-party policyholders can purchase this policy anytime alongside their current one. They do not have to wait till their current policy renewal to purchase this one.

• Comprehensive Two-Wheeler Insurance Policy - Including third-party liabilities, this comprehensive two-wheeler insurance for Ola S1 also covers liabilities caused by unfortunate events like fire, accidents, theft, natural disasters and more. Furthermore, both the other party and you will be able to claim financial support for the damage expenses from Digit.

• Vast Garage Network - Digit collaborates with a vast network of 4,400+ garages across the country. As a result, you will never fail to find an authorised garage near you providing cashless repairs in case you get involved in an accident.

• Convenient Online Procedure - Digit offers a convenient online procedure to buy or claim your Ola S1 insurance online. It enables you to buy a suitable policy and upload your claim documents right from your home at the ease of your smartphone. Similarly, you can also get your Ola S1 insurance renewal online.

• Reliable Customer Service - In addition, Digit works with a reliable customer service team that ensures round-the-clock assistance with your Ola S1 insurance.

• Optimal Clarity - Digit maintains optimal clarity while displaying its various insurance policies on the website. This way, you pay only for the policies you select. Similarly, you get coverage precisely for the policies you choose.

• Different Add-On Policies: Digit offers different beneficial add-on policies to choose from.
  • Return-to-Invoice Cover
  • Consumable Cover
  • Zero-Depreciation Cover
  • Engine and Gearbox Protection
  • Breakdown Assistance
  • Quick Claim Settlement

Furthermore, Digit provides you with exceptionally quick claim settlement services. Here, you can settle your claims in an instant with the help of Digit’s self-inspection directly from your smartphone. 

In addition, Digit lets you adjust your deductible as you deem fit. So, you will be able to reduce your Ola S1 insurance premium by opting for a higher deductible and avoiding small claims. However, a higher deductible can result in increased personal expenses down the line. Hence, it is not wise to compromise on these lucrative benefits by prioritising a lower premium amount.

So, feel free to contact reputed insurers like Digit to know more about your Ola S1 insurance. 

If you want to save yourself the trouble of spending on extensive damage expenses and penalties down the line, enduring the Ola S1 insurance cost now is the only logical option. A good two-wheeler insurance policy brings along plenty of lucrative benefits.

• Own Damage Cover - There can be situations where your Ola S1 incurs heavy damages from an accident, flood or fire. A valid two-wheeler insurance policy can provide you with extensive financial support to take care of the damage repair expenses in such scenarios.

• Penalty/Punishment Protection - The Motor Vehicles Amendment Act 2019 states that you need to mandatorily have your two-wheeler insured by a valid third-party insurance policy. If you fail to do so, you will have to pay a fine of ₹2,000 for the first offence and ₹4,000 for repeating it. It can further lead to licence cancellation.

• Personal Accident Cover - According to the IRDAI (Insurance Regulatory and Development Authority of India), if the vehicle owner loses his life or suffers from bodily injuries in an accident, a valid insurance policy including personal accident cover can provide significant financial support to the owner’s family for their loss.

• No Claim Bonus Benefits - Moreover, a renowned insurer provides you with a bonus for maintaining a claim-free policy term. This bonus ranges from 20-50% of your premium amount. So, it works as a discount on your premium at the time of renewal. Similarly, you too can enjoy no-claim bonus benefits on your Ola S1 insurance policy renewal.

• Third-Party Damage Protection - If you get involved in an accident and your Ola S1 causes damage to third-party property, you will be liable to take care of the third-party damage expenses too. However, if you have a third-party liability policy in play, it can provide financial coverage against losses incurred from third-party damage repair. In addition, your Ola S1 insurance can take care of litigation issues arising from the incident.

As a result, it is crucial to renew or buy your Ola S1 insurance to eliminate possible damage repair expenses and penalties down the line.

Here, Digit Insurance can be a suitable option for renewing or buying your two-wheeler insurance.

Ola S1 comes in two main variants with ten colour options - Midnight Blue, Matt Black, Millenial Pink, Liquid Silver, Anthracite Grey, Porcelain White, Neo Mint, Marshmellow, Jet Black, Coral Glam. Here are some fascinating facts about this model.

• Ola S1 comes with a nominal power of 5.5 KW and peak power of 8.5 KW.

• It flaunts a range of 121 km with a top speed of 90 kmph. 

• Ola S1 has an acceleration of 0-40 kmph in 3.6 seconds and 0-60 kmph in 7 seconds.

• It offers two different drive modes - Normal and Sports.

• Ola S1 has a boot space of 36 litres and a kerb weight of 121 kg.

Ola S1 also offers features like CBS, hydraulic disc brakes, single fork front suspension and mono-shock rear suspension to ensure a safe and smooth ride. However, it is not wise to eliminate the unfortunate possibilities where your vehicle suffers heavy damages. A well-rounded two-wheeler insurance policy can work wonders in such scenarios by providing financial coverage for your liabilities arising from damage repair.

Therefore, it is paramount to opt for a reliable insurance provider while renewing or buying your two-wheeler insurance for Ola S1.