TATA AIG EV Insurance
A Tata AIG EV insurance policy protects your electric car from any unforeseen damage arising
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Benefits of TATA AIG EV Insurance
Here are some benefits offered under the Tata AIG EV insurance policy:
- Tata AIG EV insurance offers 24x7 roadside assistance services to its policyholders across India.
- The insurance company has 650 claim experts across India that ensure a quick & hassle-free claim process.
- Tata AIG General Insurance Company offers maximum convenience to car insurance purchases, renewals, claim settlement requests, and general queries.
Types of Tata AIG EV Insurance Policy
Tata AIG General Insurance Company offers three types of EV insurance policies. These are:
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Tata AIG Third Party EV Insurance
A third party EV policy covers a policyholder against third-party liabilities, such as injury, death, or property damages arising due to accidents involving the insured electric car. While the compensation in case of third party injury or death is unlimited, for property damage, it is limited to up to Rs. 7.5 Lakh.
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Tata AIG Own Damage EV Insurance
The standalone own-damage EV policy covers any loss or damage to the insured electric car due to road accidents, fire, theft, natural calamities, etc. You can purchase this add-on with an existing third-party insurance for a broader coverage.
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Tata AIG Comprehensive EV Insurance
A comprehensive EV policy by Tata AIG General Insurance Company covers both own damages incurred by the insured car as well as third-party liabilities. The coverage of this policy can further be enhanced by purchasing add-on covers for an extra premium amount.
Tata AIG EV Insurance Premium Calculator
The IRDAI decides third party EV insurance premiums, which are based on the EV's battery capacity. Here are the rates:
| Battery Capacity of the Electric Car |
Third Party Insurance Premiums |
| Below 30 KW |
Rs. 1,780 (approx) |
| Between 30 KW and 65 KW |
Rs. 2,904 (approx) |
| Above 65 KW |
Rs. 6,712 (approx) |
*Disclaimer: (The premium prices mentioned above are set by IRDAI and may change based on recent updates and revisions. Always stay informed about these updates for the latest rates.)
To calculate the premium amount for a comprehensive EV policy, you can use the car insurance premium calculator before purchasing your desired electric car insurance plan. Alternatively, you can use the following formula to calculate your Tata AIG comprehensive EV insurance premium:
EV Insurance Premium = Own Damage Premium – (No claim bonus + discounts) + (Third Party Premium)
Tata AIG EV Insurance Add-Ons
Have a look at the add-on covers available with a Tata AIG comprehensive EV insurance policy:
Zero Depreciation Cover
The Zero Depreciation cover under Tata AIG EV insurance pays for the depreciation amount deducted from the value of the replaced or repaired car parts in case of a own damage claim.
It offers 100% coverage for the EV battery as well as charging equipment. Note that the benefits of the zero dep add-on can be availed only if the insured EV is repaired at the insurer's network garage and the number of such claims is limited to 2 during the policy tenure.
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Return to Invoice Cover
The Return to Invoice cover helps a policyholder get the original invoice value of the insured EV in case of a total loss or theft claim.
These include your EV’s registration fees as well as road tax.
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24x7 Roadside Assistance (RSA)
The RSA in car insurance add-on provides emergency assistance or minor repair services in case of a breakdown on the road.
Services include towing, flat tyre, spare keys, etc.
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Consumables Cover
The Consumables cover covers the cost of consumables that need to be replenished or replaced after an accident involving the insured EV.
These include nuts & bolts, screws, grease, etc.
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Emergency Transport & Hotel Expenses Cover
Under the Emergency Transport & Hotel Expenses add-on, the insurer covers the cost of a taxi hired by the policyholder to return home or to the nearest city as well as an overnight stay in case the insured EV has been involved in an accident.
Daily Allowance Cover
The Daily Allowance cover ensures that the policyholder is paid an allowance to cover the expenses incurred on a hired vehicle while the insured car is getting repaired.
The insurer pays an allowance for a maximum of 10-15 days, depending upon the cause of the electric car insurance claim. Nevertheless, the insurer doesn't pay any allowance if the car gets repaired within three days.
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Key & Lock Replacement Cover
The Key Replacement cover pays for the replacement of the insured EV's keys if they are lost or stolen or damaged.
It also covers the labour cost involved with key or lockset replacement.
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View more Add-ons
How to Buy/Renew Tata AIG EV Insurance?
Follow these simple steps to buy or renew electric car insurance by Tata AIG General Insurance:
Step 1: Visit Policybazaar.com and click 'Car Insurance' from the homepage.
Step 2: Enter your electric car number, or choose 'Brand New Car' in case of a new car.
Step 3: Select your EV details like make, model, variant, RTO, etc., and provide your contact information.
Step 4: Select the expiry date of your car policy and whether you previously made a claim or not.
Step 5: Now, from the list of various quotes shown, select the Tata AIG plan. You can also view coverage details by selecting 'Policy Details.'
Step 6: Choose add-ons you wish to opt for at an additional premium.
Step 7: Make the policy payment securely via cards, UPI, or net banking.
Step 8: Upon successful payment, you will receive your Tata AIG car insurance policy for your EV on your registered email address.
How to File a Claim Under Tata AIG EV Insurance?
Here are the steps to register a claim against your Tata AIG EV insurance policy:
1
Report the Incident
Report the incident to the Tata AIG General Insurance Company by calling their helpline number.
2
Claim Registration
Register your claim with your insurer and receive a claim intimation number.
3
Vehicle Inspection
Upon claim registration, the insurer will assign a surveyor to inspect the damages sustained by your EV and conduct a loss evaluation within 48 hours.
4
Document Submission
Submit the required documents, such as the claim form and your ID & address proofs, to the surveyor.
5
Claim Settlement
After successful verification of documents, the insurer will settle the claim directly with the authorised network garage. In case of a non-network garage, the insurance company will reimburse the amount that you paid out-of-pocket for repairs.
Documents Required to Raise Tata AIG EV Insurance Claim
To file a claim against your Tata AIG EV insurance policy, you need to keep the following documents handy:
- Duly filled & signed claim form
- Your EV insurance policy
- Copies of a valid driving licence and EV's registration certificate
- Claim intimation number received
- Copy of the Police FIR
- No trace report in case of theft of the EV
- Repair bills
- Original keys of the EV
- Duly signed RTO transfer papers (if applicable)
