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EV Commercial Insurance for All

Commercial Electric Vehicle Insurance

Revenue Loss Protection Cover

Towing Expense Cover

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What is Health Insurance

There are multiple advantages of choosing Bajaj Allianz as your electric commercial vehicle insurance partner for below reasons

  • ✓   Peace of mind

  • ✓   Quick claim settlement

  • ✓   Cashless claim service

  • ✓   Large garages network

  • ✓   Enhance digital experience

  • ✓   Comprehensive coverage

  • ✓   Specialized EV helpline

LEARN WHY YOU SHOULD AVAIL ELECTRIC COMMERCIAL VEHICLE INSURANCE


EV insurance is mandatory and required protection for your vehicle and for your time and financial protection and get the edge with us for:

Financial Protection

Financial security

Buying an EV commercial insurance policy offers financial security. The insurance company is liable to pay for the incurred loss or damage as per the policy condition.

Abiding by the Laws

Enhanced insurance coverages and services for your EV

We are with you anywhere anytime for your EV with our specialized roadside assistance services such as- Dedicated EV helpline, Out of Energy towing, On-site Charging, Pickup & Drop, Minor Repair, Accommodation & Legal Assistance etc.

Peace of Mind

Faster claim settlement

Our quick and best in industry claim process with vast network garages gives you a reach for best in class claim experience and services.

Abiding by the Laws

Compliance with the law

As per the Motor Vehicles Act, 1988, third-party insurance is compulsory. Having an electric commercial insurance policy will help you to remain on the secure side of the law.

Peace of Mind

Peace of mind

Get peace of mind with specialized EV insurance with comprehensive coverage, services, claim experience, dedicated helpline and many more

NOTE DOWN THE FEATURES & BENEFITS OF OUR ELECTRIC COMMERCIAL VEHICLE INSURANCE

When your business includes electric vehicles, repairs are bound to take place. An electric commercial vehicle insurance has some of the following noteworthy features that you should know about:

  • ✓   Wholistic coverage
  • ✓   Breakdown services
  • ✓   Third party liability from person/property
  • ✓   To cover legal mandate
  • ✓   Vehicle damage protection
  • ✓   Passenger legal and personal accident covers
  • ✓   Cashless claim process
  • ✓   Network garages access
  • ✓   NCB continue benefit
  • ✓   Tax paid receipt
  • ✓   Security for both, the driver, and the owner.

Here are some policy features that Bajaj Allianz’s commercial EV policy specialises at:

Feature

Benefits offered by Bajaj Allianz’s EV policy

Quick purchase journey

Takes less than 3 minutes

Claim facility

Cashless claims

Claim settlement ratio

98%

On-the spot settlement

Available through Caringly Yours app

Customer support

Round-the-clock 24-by-7 support

Type of vehicles covered

E Cabs, E Taxies, E Cart, E Rickshaw, E Auto etc.

Additional coverage

Personal accident cover, third-party liability cover, variety of addons, coverages for own driver, pessengers etc.

Cover for damages to third parties

No limit for personal injuries; however, up to ₹7.5 lakhs for property or vehicle damage.

WHAT IS COVERED AND NOT COVERED IN COMMERCIAL ELECTRIC VEHICLE INSURANCE?

  • Inclusions
  • Exclusions

Accidents & collisions

Theft

Fire

Natural disasters

Personal accidents

Third-party damages

Towing facility

1 of 1

Damages due to electrical or mechanical failure

Damage to tyres and tubes unless the vehicle insured is damaged at the same time in which case the liability of the company shall be limited to 50% of the cost of replacement.

Driving under the influence of alcohol or other intoxicating substances

Consequential loss

1 of 1

 

COMMERCIAL ELECTRIC VEHICLE INSURANCE COVERAGE YOU CAN CUSTOMISE

Add-ons are additional features that are available on an optional basis. Here are some add-ons that you can choose to enhance the coverage of the comericial electric vehicle insurance:

  • Zero depreciation

    Zero-depreciation : As the vehicle gets older, gradually it also loses its value in the market. So, any older vehicle has low pricing in the market when compared to any vehicle launched recently. Having a zero depreciation add-on nullifies the depreciation associated with the electric commercial vehicle. So, in the case when you file for an EV claim, you will receive the complete value of the vehicle and the spare parts.

  • 24X7 Roadside Assistance

    24X7 Roadside assistance : We offer spot assistance across the nation for varying situations. You can easily get in touch with customer support, they will assist you throughout the process and not leave you in distress.

  • Consumable expenses

    Consumable expenses : On one hand the operating costs of running an electric vehicle is pocket-friendly. However, in case of damage is incurred to the electric vehicle right from replacing the spare parts to servicing it is slightly on the higher side. Having a suitable cover to deal with any such incident is proven to be financially helpful.

 

REMEMBER THE ESSENTIALS WHEN BUYING AN ELECTRIC COMMERCIAL MOTOR INSURANCE POLICY

Getting the right policy for your commercial EV is critical to providing comprehensive coverage.

Here are some of the considerations to remember when choosing one:

  • ✓   Policy coverage 

  • ✓   Insured Declared Value 

  • ✓   Add-on covers 

  • ✓   No claim bonus 

  • ✓   Cashless network garages

  • ✓   Deductibles

 

LEARN WHAT IMPACTS THE PREMIUMS OF AN ELECTRIC COMMERCIAL VEHICLE INSURANCE PLAN

Despite similar electric commercial vehicles used by the different branches in your organisation, the premium for each vehicle differs according to the following:

  • ✓   Type of electric commercial vehicle 

  • ✓   Insured Declared Value 

  • ✓   Geographical zone 

  • ✓   Add-on covers 

  • ✓   No claim bonus 

  • ✓   Vehicle age

  • ✓   Vehicle capacity e.g. Kilowatt

  • ✓   Vehicle sum insured

  • ✓   Commercial vehicle class

  • ✓   Passenger carrying Capacity

  • ✓   Gross vehicle weight

  • ✓   Others

SOME OTHER EXISTING SERVICES ARE ALSO AVAILABLE HEREWITH

Time to get a motor insurance: Less than 3 minutes
Tailored add-ons: Enhance protection with list of add ons
No claim bonus transfer: Up to 50%
Claims settlement ratio: 98%
Cashless services: Across 6,500+ network garages
Claims process: Digital - within 20 minutes*
On-The-Spot claim settlement: With 'Caringly Yours' app

Secure your smiles, drive electric and insure the future of transportation today

 

CONSIDER THE DIFFERENT TYPES OF ELECTRIC VEHICLES COVERED

Commercial vehicles that are insured within the policy’s scope are classified into three categories:  

  •  ✓ Electric auto

     

  •  ✓  Electric rickshaw

     

  •  ✓  Electric cart

     

  •  ✓  Electric passenger carrying two wheeler and other vehicle class as applicable in electric category.

     

 

There are two types of electric commercial vehicle insurance policies you can buy, outlined below:

  •  ✓ Commercial vehicle package policy

     

  •  ✓ Commercial vehicle liability only policy (Terms & Condition applicable)

     

 

 

BUY AN ELECTRIC COMMERCIAL INSURANCE POLICY IN MINUTES

Bajaj Allianz helps you get an electric commercial insurance policy in five simple steps:

  •  ✓  Visit Bajaj Allianz’s Commercial Electric Vehicle Insurance Page.
  •  ✓  Mention the type of vehicle to be insured, along with vehicle details.
  •  ✓  Select the policy.
  •  ✓  Choose add-ons, and check the IDV and premium quote.
  •  ✓  Make the payment.

 

Latest statistics you may like to know...
10 Lakh +

EVs registered since FY12

450+

Manufacturing of electric vehicle as on date

15 M +

expected EV sales by 2030

50% +

Approx electric vehicle are of two wheeler and 3 wheeler

SOURCE THE RIGHT DOCUMENTS TO RAISE A CLAIM

The following documents form a part of your insurance claim:

  • ✓   Registration certificate of the commercial EV
  • ✓   Copy of driving license    
  • ✓   A duly signed and filled claim form
  • ✓   Copy of FIR
  • ✓   Tax paid receipt
  • ✓   Commercial EV’s fitness certificate
  • ✓   Original insurance policy papers
  • ✓   Load challan of the electric commercial vehicle
  • ✓   Route permit

FILE A CLAIM FOR YOUR ELECTRIC COMMERCIAL VEHICLE

The first step is to timely notify the insurance company of the loss or the damage. If you have purchased the policy through an agent, you can even notify the agent. Register the claim by calling up a toll-free number provided on your insurance document or by writing an email to the insurance company. You can also fill out an online claim form for the same.

When raising a claim, it is essential to provide accurate details regarding the following:

  • ✓   Date and time of loss/damage
  • ✓   Policy number (for reference)
  • ✓   Location of incident
  • ✓   Description of the incident
  • ✓   Name & contact details of the applicant

DOCUMENTS REQUIRED TO BUY CAR INSURANCE ONLINE

When you buy car insurance online, ensure you have the soft copies of the following documents in hand to seamlessly complete the process in minutes -

  • Details about your vehicle including registration number
  • A valid driver’s licence
  • Completed claim form
  • Bank details
  • Tax receipts
  • Filled insurance forms

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Customer Stories

Average Rating:

 4.67

(Based on 18,050 reviews & ratings)

Siba Prasad Mohanty

The vehicle was used by our Zonal Manager Sir. We appreciate the timely and speedy action initiated by you in getting the vehicle ready for use within short span of time. The action has been appreciated by all. 

Rahul

“A range of options to choose from.”

Being a perfectionist, I prefer the best of everything. I wanted my car insurance policy to be airtight as well. With the add-ons and comprehensive plans,...

Meera

“OTS claims was a blessing in disguise.”

I was in the middle of the road when a mishap happened. With cash crunch, I was looking for ways to get my car serviced without affecting my monthly budget...

Written By : Bajaj Allianz - Updated: 10st  September 2022

Thank You for Your Interest in Bajaj Allianz Insurance Policy, A Customer Support Executive will call you back shortly to assist you through the Process.

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I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

Disclaimer

I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

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