Zero Depreciation

This add-on covers the cost of replacing damaged parts without any deduction for depreciation. As electric vehicles tend to be more expensive than traditional two-wheelers, this add-on can be particularly useful in ensuring that you are not financially burdened by the cost of repairs.

Pillion Rider Cover (for electric two-wheelers)

Similar to two-wheeler insurance, this feature covers any injuries or bodily damages to the pillion rider.

Battery Damage Protection

As the battery is one of the most expensive components in an electric vehicle, this add-on covers the cost of repairs or replacement of the battery in case of any damage caused by an accident.

Roadside Assistance

This add-on provides assistance in case of a breakdown or emergency on the road. This can include towing, battery jump-starts, and even charging your vehicle's battery if it runs out of charge.

Accessories Cover

This add-on covers the cost of repairing or replacing any accessories that are not included in the standard insurance policy, such as charging cables and other electronic accessories.

NCB Protection

This add-on ensures that you retain your No Claim Bonus (NCB) even if you make a claim on your insurance policy. This can help you save money on your insurance premiums in the long run.

Key Replacement Cover

This add-on covers the cost of replacing lost or damaged keys for your electric vehicle, which can be quite expensive to replace otherwise.

Consumables Cover

It provides cover for consumables spares like nuts, bolts, engine oils and other fluids, bearings and washers, etc. Briefly, the vehicle parts that require regular replacement to ensure optimal performance.

Personal Baggage Cover

Items that are kept in the vehicle, like laptop, mobile phone and are prone to theft are covered, under this add-on cover.

Conveyance benefit cover

The cost of commuting while the vehicle is under repair, post an accident is an Add-On benefit.

Regular wear and tear

Electric vehicle insurance policies do not cover damages that occur due to regular wear and tear.

Mechanical or Electrical breakdown

Insurance companies do not cover repairs or replacement costs for mechanical or electrical breakdowns that are not caused by an accident.

Intentional damage

Damage caused intentionally or due to illegal activities such as racing or driving under the influence of alcohol or drugs is not covered under electric vehicle insurance. This includes instances of reckless driving, leading to an accident.

Riding without a valid license

If the policyholder or the driver does not have a valid driving license, the electric vehicle insurance policy will be deemed invalid, and no claims will be entertained.

Riding outside geographical limits

Electric vehicle insurance policies do not cover damages or accidents that occur outside the geographical limits of the policy. The policyholder must ensure that they have the necessary coverage if they plan to drive outside the policy's coverage area.

Consequential losses

Insurance companies do not cover damages or losses that occur indirectly or as a result of the insured event, such as loss of income due to an accident.

Commercial use of the electric vehicle

Electric vehicle insurance does not cover vehicles used for commercial purposes, such as delivering goods or passengers for hire. A separate commercial vehicle insurance policy is required for such vehicles.

Accident caused due to intoxication

Insurers will exclude all accidents that are caused due to the driver being intoxicated at the time of an accident.

Claim for own damages

• Inform the insurer immediately after the accident and file an FIR with the police (if required)
• Take photographs of the damaged vehicle and submit them to the insurer
• Submit a duly filled claim form along with a copy of the driving License and the RC of the vehicle
• Provide an estimate of the repair costs and any other relevant documents requested by the insurer
• Wait for the surveyor to inspect the vehicle and provide an assessment report
• If approved, the insurer will authorize repairs, and the policyholder will have to pay the deductible or any other amount not covered under the policy
• After completing the repairs, submit the bills and receipts to the insurer for reimbursement.

Claim for theft of the insured vehicle

• File an FIR with the police immediately after discovering the theft and inform the insurer
• Submit a copy of the FIR, the driving License, and the RC of the vehicle to the insurer
• Wait for the surveyor to inspect the vehicle and provide an assessment report
• If the claim is approved, the insurer will provide compensation based on the Insured Declared Value (IDV) of the vehicle
• The policyholder may have to provide additional documents or information requested by the insurer.

Claim for third-party liability

• Inform the insurer immediately after the accident and file an FIR with the police (if required)
• Take photographs of the damaged vehicle and submit them to the insurer
• Provide details of the third party involved in the accident, such as name, contact details, and vehicle registration number
• Submit a duly filled claim form along with a copy of the driving License and the RC of the insured vehicle
• Wait for the surveyor to inspect the vehicle and provide an assessment report
• If the claim is approved, the insurer will provide compensation for the third-party damages and the legal expenses incurred by the policyholder
• The policyholder may have to provide additional documents or information requested by the insurer.