Bajaj Electric Car Insurance

Key Features of Bajaj Electric Car Insurance

The following are the major highlights of Bajaj Electric Car Insurance:

• Specialised cover for EV battery and charger
• Cashless repairs anywhere with 6-month warranty
• Free pick-up and drop for repairs at authorised workshops
• On-the-spot claim settlement through the App
• Digital buying, renewing, and claim process
• PA (Personal Accident) cover for up to Rs. 15 Lakh

Bajaj Electric Car Insurance Add-Ons

You can choose these most valuable adds-on with Bajaj EV insurance when buying or renewing a comprehensive or an own-damage plan:

1. Zero Depreciation Cover

   The Zero Depreciation cover offers financial protection without factoring in the depreciation amount of the replaced or repaired EV parts in case of an own-damage claim.

2. Battery Protect Cover

   It covers the high cost of replacing or repairing the EV’s battery, charger, & electric motor due to accidents, short circuits, or any water-related damage.

3. Roadside Assistance (RSA) Cover

   This add-on provides you 24x7 emergency assistance services, such as flat tyre repairs, towing, fuel delivery, battery jump-starts, spare keys, etc., if your EV breaks down on the road.

4. Invoice Price Cover

   The Invoice Price or Return to Invoice (RTI) cover helps you get your EV’s original invoice amount, which includes its ex-showroom price, registration charges, & road tax, in case of a total loss or theft.

Bajaj EV Insurance Premium Calculator

You can calculate Bajaj EV insurance premium online for a comprehensive policy using the car insurance calculator. Alternatively, to do it manually, here is the formula:

Comprehensive EV Insurance Premium = Own-Damage Premium + Third-Party Premium (set by IRDAI) – (No Claim Bonus + discounts)

Third-party (TP) insurance premiums for electric cars are proposed by IRDAI based on the EV’s battery capacity. The table below highlights these prices:

*Disclaimer: (These rates are fixed by IRDAI and are subject to change. Always refer to the IRDAI website for the latest premium prices.)

How to Buy or Renew Bajaj EV Insurance?

Follow these steps to buy or renew electric car insurance by Bajaj General Insurance:

• Go to Policybazaar.com and click the 'Car Insurance' tab.
• Input your electric car number, or choose ‘Brand New Car’, and provide your vehicle details.
• Select the expiry date of your existing car insurance and declare if you previously made a claim.
• From the list of various quotes, select Bajaj EV insurance, and choose any add-ons (if required) for an additional premium.
• After paying the premium, you will receive your Bajaj car insurance policy for your EV via email.

How to File a Claim Under Bajaj EV Insurance?

Follow these steps to raise your Bajaj electric car insurance claim:

• Claim Registration: Inform Bajaj General Insurance about the unfortunate incident and raise a claim request.
• Vehicle Inspection: After claim registration, your insurer will assign a surveyor to inspect damage to your EV.
• Document Submission: Submit the asked documents like the claim form, your ID & address proofs, etc. to the surveyor.
• Claim Settlement: After verification of documents and claim approval, you can proceed with your EV repairs.
• Cashless Claim: Your insurer will settle the claim directly with the garage and you do not have to pay from your pocket (except deductibles).
• Reimbursement Claim: If you get your EV repaired in a non-network garage, the insurer will later reimburse the amount that you paid for repairs.

Note: For third-party claims, you also need to inform the local Police, file an FIR, and capture the photos or videos of the loss. In case of a major injury or damage to another individual or their property from your insured EV, the Motor Accident Claims Tribunal (MACT) will settle the claim. You should not leave the accident scene in these scenarios or directly settle the case with the third party without informing your insurer.

What are the Documents Required to Raise Bajaj EV Insurance Claim?

Keep the following documents handy while filing your Bajaj EV insurance claim:

• Completely filled & signed claim form
• Your electric car insurance policy
• Copies of your EV's registration certificate & driving licence
• No trace report in case of theft of the EV
• Copy of the Police FIR (in case of third party or theft claims)
• Original repair bills
• Original keys of the EV

Bajaj Electric Car Insurance FAQs