Electric cars are inevitably going to be one of the prominent things in the next few years. It means the market will also experience a rise in electric car insurance buyers. Therefore, electric car insurance is formulated to offer financial assistance for unexpected loss or damage sustained by the insured individual’s electric car. Basically, electric car insurance is a legal arrangement between the insurance provider and the electric car owner. It is mandatory in India for vehicle owners to purchase comprehensive electric car insurance for thorough coverage.
If you are found driving without vehicle insurance, the chances of attracting legal penalties increase. Don’t wait for more and buy an electric car insurance policy online easily and quickly from Policychayan. Here, you will get an in-depth understanding of preferable insurance plans in a detailed manner and get to compare various insurance plans by diversified insurers.
Personal Accident Cover
24x7 Roadside Assistance
Cashless repair at a network garage
Add-ons to choose from
NCB discount
An instant policy with zero paperwork
No Claim Bonus
Invoice Cover
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It is advised that car owners should buy a comprehensive insurance policy to avail of better coverage. A policyholder can enhance the coverage with add-ons presented by the insurer by paying an additional sum.
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According to the Motor Vehicle Act, of 1988, in India, it is imperative to purchase an Electric Car Insurance policy. It helps you stay legally protected because if you are caught driving without it, you can lure some problems.
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Electric Car Insurance policy enables you to get the damages fixed quickly. If you have this insurance policy, you don’t need to worry about paying for the expenses that could burn a hole in your pocket.
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The electric car insurance rates can be considerably lower than the possible damage costs, consequently equipping you with the requisite protection without leaving a dent in your bank account.
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What is Covered Under the New E-Vehicle Comprehensive Policy? |
What is Not Covered Under the New E-Vehicle Comprehensive Policy? |
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Covered Under the New E-Vehicle Comprehensive Policy:
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Not Covered Under the New E-Vehicle Comprehensive Policy:
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Here, you can compare a lot of insurance plans hassle-free.
IRDAI is the seniormost body or the supervisor of the insurance domain in India.
IRDAI reckons and announces the electric car insurance rates.
For EVs, the IRDAI has specified a 15% discount on third-party insurance premium rates.
IRDAI has mandated the presence of Electric Car Insurance.
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