Eco Assure

The Eco Assure Add-On is a unique feature offered by Bajaj General Motor Insurance that focuses on promoting environmentally friendly practices. This add-on is designed to encourage policyholders to adopt greener habits and reduce their carbon footprint. By opting for the Eco Assure Add-On, you not only protect your vehicle but also contribute to a healthier planet.

Key Benefits of Eco Assure Add-On

Eco Assure, offered by Bajaj General Insurance, is a forward-thinking eco car insurance product designed to support India’s shift towards sustainable mobility. Tailored for hybrid, electricand low-emission vehicles, this policy not only covers standard insurance needs but also addresses the unique requirements of green vehicle ownership.

Key features include:

●      Comprehensive Coverage: Protects against own damage, third-party liabilities, theft and natural disasters.

●      Battery Protection: Specialised cover for EV battery repairs or replacement—typically not covered under standard policies.

●      Charging Equipment Cover: Includes compensation for damage to home chargers or portable EV charging accessories.

●      Lower Premiums: Incentivised pricing for eco-friendly vehicles, reflecting their lower risk and reduced environmental impact.

●      Roadside Assistance: Emergency towing and charging support for EVs included in select plans.

●      Paperless Policy & E-documents: Entirely digital process for buying, claiming and renewing—aligned with green principles.

●      Cashless Garage Network: Access to 7,200+ cashless garages, including EV-friendly service stations.

Offered by Bajaj General Insurance, Eco Assure combines innovation, convenience and responsible car ownership. It’s the next step in aligning your insurance with your eco-conscious lifestyle—offering protection that’s future-ready.

Know Eco Assure Better

How is the Carbon Footprint of My Vehicle Calculated?

The carbon footprint is calculated based on the vehicle's usage, including factors such as mileage, fuel type, and driving habits.

Can I Switch to the Eco Assure Add-On Mid-Policy?

Yes, you can opt for the Eco Assure Add-On at any time during your policy period. However, it is recommended to add it at the time of policy renewal for maximum benefits.

Are There Any Additional Costs Associated With the Eco Assure Add-On?

The Eco Assure Add-On may come with a nominal additional premium, but the benefits and cost savings it offers can outweigh the extra cost.

- Environmental Responsibility: By opting for the Eco Assure Add-On, you are taking a step towards reducing your carbon footprint and promoting sustainable practices.

- Cost Savings: With eco-assure you save more when you opt for refurbished parts during repairs in place of new parts as per availability

- Convenience: With paperless documentation and eco-friendly repair options, the Eco Assure Add-On makes the entire process more convenient and efficient.

- Peace of Mind: Knowing that you are contributing to environmental conservation efforts can provide a sense of satisfaction and peace of mind.

By choosing the Eco Assure Add-On from Bajaj General Motor Insurance, you are not only protecting your vehicle but also making a positive impact on the environment. This add-on encourages sustainable practices, offers cost savings, and provides peace of mind, making it a valuable addition to your motor insurance policy. Embrace the change and drive towards a greener future with the Eco Assure Add-On.

Basis of Arriving at Insured Declared Value (IDV) of the Insured Vehicle:

List of products specified in the list above are governed by the Indian Motor Tariff.

The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘Sum Insured’ and it will be fixed at the commencement of each policy period for each insured vehicle.

The IDV of the vehicle (and accessories if any fitted to the vehicle) is to be fixed on the basis of the manufacturer’s listed selling price of the brand and model of the insured vehicle at the commencement of the Policy. The IDV shall change according to the depreciation grid below for each block of one year within the policy period.

The Schedule of Depreciation for Fixing IDV of the Vehicle

The IDV arrived as per the above method may be further adjusted basis various factors such as location, make and model etc, with agreement of the Insured and as captured in the Policy Schedule.

The age-wise depreciation schedule shown above is applicable only for Total Loss/Constructive Total Loss (TL/CTL)/Cash Loss claims.

IDV of vehicles beyond 5 years of age and for obsolete models (i.e. models that manufacturers have discontinued) is to be determined on the basis of mutual agreement between the Insurer and the Insured.

IDV shall be treated as the Market Value throughout the Policy Period without any further depreciation for the purpose of Total Loss (TL)/Constructive Total Loss (CTL)/Cash loss claims.

Basis of Arriving at TL (Total Loss)/CTL (Constructive Total Loss) of the Insured Vehicle

The insured vehicle shall be treated as a CTL if the aggregate cost of retrieval and/or repair of the vehicle, exceeds 75% of the IDV of the vehicle, subject to terms and conditions of the policy.

The liability of the Company shall not exceed the Insured's Declared Value (IDV) of the vehicle in the event of total loss/ constructive total loss/cash loss for the year in which loss has occurred. IDV as on date of loss shall be computed as specified under basis of arriving at Insured Declared Value (IDV)

If a damaged motor vehicle is assessed as being unrepairable and hence a wreck i.e. a ‘total loss’ or ‘write-off’, You shall have the option to retain the wreck and accept a ‘cash loss’ settlement (being the IDV less the assessed value of Salvage based on competitive quotes procured by the Insurer including any submitted by or through the Policyholder).

Note: For the purpose of computation TL (Total Loss)/CTL (Constructive Total Loss) of the Insured Vehicle aggregate cost of retrieval shall mean Company’s aggregate liability as per the terms and conditions of the policy.