Royal Sundaram Electric Car Insurance
Royal Sundaram electric car insurance provides the crucial financial & legal protection to your and your Electric Vehicle (EV).
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Benefits of Royal Sundaram Electric Car Insurance
You get these benefits when you purchase electric car insurance by the Royal Sundaram General Insurance Co. Limited:
- Royal Sundaram EV insurance covers damages to the insured EV from unexpected power surges, water ingress, short circuits, or electrochemical reactions in EV-specific components like inverter assemblies, electric motors, ISG systems & power cables.
- The company has an extensive network of 7,600+ cashless garages, ensuring smooth EV repairs and quick claim settlements.
- With Royal Sundaram electric car insurance, you get faster claim processing through the M‑Chatra app. The company has a high claim settlement ratio (98.6%) for speedy repairs & reimbursement.
Types of Royal Sundaram EV Insurance Policies
Royal Sundaram General Insurance Company offers the following three types of electric car insurance coverage:
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Third-Party (TP) EV Insurance
A third party EV insurance policy covers liability for injury, death, or property damage caused to a third party by the insured EV. Compensation for injuries or fatalities is decided by the Motor Accidents Claims Tribunal (MACT), while property damage is capped at ₹7.5 lakh.
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Own Damage (OD) EV Insurance
Offers protection against losses to the insured EV due to collisions, theft, fire, or natural and man-made calamities. You can buy this policy along with your existing third-party coverage for a wider protection.
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Comprehensive EV Insurance
Combines third-party and own-damage benefits in a single plan. You can further customize the policy with add-ons for enhanced protection.
Royal Sundaram EV Insurance Premium Calculator
The Insurance Regulatory and Development Authority of India (IRDAI) decides the premiums for third-party EV insurance policies, which are based on the battery capacity of the EV. Here's the table that shows third-party electric car insurance premiums.
| EV Battery Capacity |
Premium Rates (Approx) |
| Below 30kWh |
Rs. 1,780 |
| Between 30kWh & 65kWh |
Rs. 2,904 |
| Above 65 kWh |
Rs. 6,712 |
*Disclaimer: Premium rates are regulated by IRDAI and subject to change. Refer to IRDAI's website for the latest updates on premium prices.
For comprehensive EV insurance premium rates, you can either use the car insurance premium calculator or manually compute the amount through the following formula:
Comprehensive EV Insurance Premium= (OD Premium Price – (NCB + Discounts)) + TP Premium
Royal Sundaram EV Insurance Add-On Covers
Zero Depreciation Cover
The zero depreciation cover in car insurance includes coverage for the depreciation on replaced parts, including 100% cover for EV's battery and charger, for up to two claims per policy term only at authorised network garages of the insurer.
Roadside Assistance (RSA)
The RSA in car insurance add-on offers emergency assistance during breakdowns with towing, spare keys, flat tyre fixes, and minor repairs.
Return to Invoice (RTI)
In case of theft or total loss, reimburses the full invoice amount including registration and road tax.
Downtime Protection
Offers compensation for daily commute expenses (like cab fares) while your EV is under repair.
Key & Lock Replacement Cover
The Key Replacement cover covers the cost of replacing the insured EV's lockset and keys if they are lost, stolen or damaged, including the labour cost involved.
Key & Lock Replacement Cover
The key replacement cover pays for replacement of stolen or damaged keys and locksets, including labour charges.
It also covers the labour cost involved with key or lockset replacement.
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Plans starting from @ ₹2,094/year*
How to Buy or Renew Royal Sundaram EV Insurance?
Buying or renewing electric car insurance online offered by the Royal Sundaram General Insurance Company is a hassle-free process. Here are the steps:
- Visit Policybazaar.com and click on ‘Car Insurance.
- Enter your EVs registration number.
- For new cars, select ‘Brand New Car and provide make, model, variant, RTO.
- Enter your contact details.
- Share your previous policy expiry date and claim history (if any).
- Browse quotes and select Royal Sundaram EV insurance.
- Choose any add-ons and review your coverage.
- Pay online via UPI, card, or net banking.
- Your policy will be emailed instantly.
How to File a Royal Sundaram EV Insurance Claim?
Here is the simple procedure to file a claim against your Royal Sundaram EV policy:
1
Inform the Insurer
Report the incident to Royal Sundaram immediately.
2
Register the Claim
Obtain a claim number after registration.
3
Survey & Assessment
An authorised surveyor inspects your EV.
4
Document Submission
Provide necessary documents to the surveyor.
5
Claim Settlement
For network garages, Royal Sundaram pays directly. For others, reimbursement is processed post verification.
Documents Needed For Filing Royal Sundaram EV Insurance Claim
When raising Royal Sundaram electric car insurance claim, you will need the following documents:
- Filled claim form
- Copy of policy document
- FIR (if applicable)
- EV's RC and driving licence
- Identity proof (Aadhaar/PAN)
- Estimate of repairs
- Cancelled cheque (for reimbursements)
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Royal Sundaram Electric Car Insurance FAQs
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Q1: Is battery damage covered under Royal Sundaram EV insurance?
Ans: With the zero depreciation add-on along with your Royal Sundaram electric car insurance, both the EV battery and charger are fully covered.
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Q2: How long does Royal Sundaram EV insurance claim settlement take?
Ans: Royal Sundaram General Insurance Company typically settles claims within 30 days after receiving all required documents.
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Q3: Is electric car insurance mandatory in India?
Ans: A third-party EV insurance policy is mandatory. However, comprehensive coverage is advisable.
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