EV insurance supports sustainable mobility while ensuring your vehicle remains financially protected against unexpected risks.

Bajaj General Insurance offers various EV policies, including liability-only or comprehensive plans.

Under the Motor Vehicles Act, 1988, it is mandatory for electric vehicles to have third-party insurance.

For every claim-free year, get up to 50% discount on own damage premium.

With EV insurance coverage, enhance your protection with add-ons such as Motor Protector Cover.

Electric car Insurance or two-wheeler insurance offers compensation upon disability or death of the owner-driver.

Enjoy seamless digital claims processing and settlement support with the Electric Vehicle Insurance Policy online.

Protects your EV against damage caused by floods, cyclones, storms, and other natural disasters.

During accidents, third-party liabilities can lead to significant financial and legal burdens. However, with liability coverage under your EV insurance policy, you will receive protection against third-party liability, as per court-awarded compensation and policy limits.

With rising vehicle theft in India, having theft protection is essential. EV insurance offers compensation up to the insured declared value (IDV) if your EV is stolen, helping you recover financially from such unfortunate incidents.

Sometimes your electric vehicle can get damaged while being transported, towed, or shipped. But if you have the in-transit damage protection, you will get compensation for repair costs, as per your policy terms.

Unexpected natural or man-made calamities can strike at any time. This is the reason a comprehensive EV insurance covers your EV against damages resulting from floods, storms, fire, as well as riots, strikes, and vandalism.

If the owner or driver suffers disability or death after an accident, this coverage offers a lump-sum payout as compensation. It helps victims and their families get financial assistance for income loss or medical expenses.

Safe driving will be rewarding for drivers. If you maintain a claim-free policy period, you can earn NBC of up to 50% on your own-damage premium at renewal. It helps you get cost-effective coverage.

Whether you are purchasing electric two-wheeler Insurance or four-wheeler insurance, before selecting coverage, assess your vehicle’s features and repair costs. If your EV has higher repair costs, a comprehensive policy is suitable for all-around protection.

In India, an electric car’s battery costs up to ₹6 lakh, while for two-wheelers, it’s ₹1 lakh. Therefore, whenever you buy Electric Vehicle Insurance online, include a battery protection add-on to avoid high expenses.

The Insured Declared Value (IDV) of your EV represents its current market value. Thus, to get the best Electric Vehicle Insurance in India, ensure your IDV is equivalent to your EV’s market value.

Having a wide network of cashless garages will make your claim settlements more convenient and less financially stressful. Therefore, purchase an electric vehicle insurance policy with a good number of cashless garages near your location.

Any unexpected claim rejection can cause significant distress during emergencies. Thus, if you want to get hassle-free emergency assistance, always verify the claim settlement ratio and customer support of your insurer.

Instead of selecting your EV insurance policy based solely on the lowest premium, verify the coverage benefits across providers. Remember, comprehensive protection with a high premium will reduce your financial burden in the future.

To avoid surprises during claims, you should assess your policy exclusions. In most cases, EV insurance does not cover depreciation, intentional damage, or expenses arising from illegal activities. Thus, always read your policy documents carefully.

The Insurance Regulatory and Development Authority of India (IRDAI) mandates a 15% discount on the Third-Party premium portion of EVs. Hence, before getting an EV insurance coverage, check if your insurer is offering this benefit.

With online management of your policy, you can avoid the hassle of frequent branch visits and easily manage policy documents. At Bajaj General Insurance, you can easily make claims and renewals with our dedicated app.

With the growing age of your car, its market value declines due to wear and tear, which reduces IDV. This is why older cars typically have lower car insurance premiums.

If your EV is registered in a location with higher accident or theft rates, you will typically have higher premiums. Thus, people in urban areas generally pay more premiums.

The lithium-ion battery accounts for roughly 40% to 60% of an EV's total value. Therefore, EVs with high battery capacity often attract greater replacement costs, resulting in a higher premium.

The driving history or the policyholder’s age determines the Electric Vehicle Insurance quotes and premiums. For example, a 20-year-old with less than a year of experience pays a high premium.

Due to offering wider protection, the premium rate of a comprehensive EV policy is more than that of standalone or third-party policies, which provide limited coverage to your EV.

Including add-ons, such as motor protector cover, zero depreciation cover, or consumables cover, can increase your electric vehicle insurance premium rates while enhancing your coverage protection.

You must always compare your electric vehicle insurance policy quotes online before purchasing or renewing it. This process will help you to avoid paying higher premiums for similar benefits.

In case you have maintained a claim-free record for a year, you should apply the NCB discount while renewing your EV insurance. This way you can get a comprehensive at a low rate.

If your EV is equipped with certified anti-theft systems, it means you are at a lower risk of making claims. Therefore, the insurer can offer you additional premium discounts.

Although including add-ons enhances your overall security, it increases your insurance premiums. Thus, you should only choose the add-ons that seem necessary for your electric vehicle in the long run.

If you fail to renew your policy on time, it can result in higher premiums and may require a vehicle inspection. To retain benefits like NCB and avoid additional costs, ensure timely EV insurance renewal.

Voluntary deductible is the amount you agree to pay out-of-pocket for claims. Thus, if you can handle upfront costs or own a low-value EV, opting for high voluntary deductible will help decrease the insurance premium.

Electric motors are sensitive to water or moisture. Therefore, it frequently gets damaged. But with this add-on, you will be protected from the hefty motor damage expenses.

Want to maximise your claim payout without any deduction? Then get this add-on to receive the full claim amount without any depreciation limit on components during reimbursement.

If your EV faces sudden breakdowns or runs out of battery on the road, EV Insurance with Roadside Assistance add-on will offer you comprehensive assistance, including on-spot charging or towing.

Batteries are the most valuable components of an electric vehicle. Thus, this specialised add-on in your EV Insurance for battery protection gives you complete assistance to cover expensive repair costs of your battery.

Since standard policy typically excludes consumables like fuels and items like nuts, bolts, screws, and washers, resulting in out-of-pocket expenses. However, this add-on covers these expenses to get wider protection.

Worried about how to commute when your EV is in service? Then, include this add-on in your electric scooter insurance or car insurance to get transportation costs during the repair period.

Like the rules for standard driving insurance, driving with expired EV insurance can result in fines of ₹2000-₹4000 and even 3 years imprisonment. Thus, renew your policy on time to avoid heavy penalties.

If you do not have an active EV insurance, you will have to pay for repair and replacement costs fully by yourself. This is a timely renewal, keeping you free from any sudden expenses.

For not renewing your policy with EV motor insurance within the given timeline, you can lose your accumulated NCB discount. As a result, your own-damage premium will remain the same.

After a prolonged policy lapse, the insurers will conduct a vehicle inspection, which will significantly delay your insurance protection. Therefore, go for timely renewal for all-around protection without any hassle of additional documentation.

Sudden damage to your EV motor or any unfortunate accidents can occur without any notice. So, renew your policy immediately for uninterrupted protection against any unforeseen events on the road.

With active electric vehicle insurance, you can get protection from financial burden or legal trouble. This way, you can enjoy your sustainable driving journey without any worry.

Policy tenure refers to the duration for which your EV insurance remains valid before requiring renewal. The timeline can be different based on your type of coverage.

When you make an official amendment to your existing EV policy, it means an endorsement. It basically reflects changes, including vehicle details, personal information, nominee information, or additional coverage benefits.

If your EV is stolen or repair expenses are more than 75% of the IDV, it will be considered a total loss. In these circumstances, the insurer will compensate you based on the EV's IDV.

It's an additional time provided to renew your coverage after it passes an expiry date. This period ensures you avoid coverage gaps and inspection hassles.

In case your policy expires and remains unrenewed beyond the grace period, the insurer inspects your EV, known as a break-in inspection. They check your EV's existing damage before reinstating coverage.

Subrogation grants insurers the legal right to recover claim amounts from responsible third parties after settlement on your behalf. It will be useful if a third party refuses to take accountability after an accident.

It represents the percentage of claims successfully settled by an insurer in a policy year. Thus, insurers with higher ratios showcase their efficient claim processing and reliable emergency assistance.

Deductibles represent the amount policyholders pay during claims before the insurer covers the remaining repair expenses. They include voluntary deductibles chosen by you and compulsory deductibles fixed by the insurer.

Claim initiation is the process of notifying your insurer about an accident, theft, or damage. Without the claim initiation, your insurer can start the claim settlement procedures.

The decrease in your Electric Vehicle's value due to age, wear and tear, and usage is known as depreciation. The depreciation rate will influence the claim amount payouts during repairs or replacements.