Q1: Is electric rickshaw insurance compulsory?

Ans: Yes, as per the Indian Motor Laws, it is mandatory for all passenger carrying vehicles to have a commercial vehicle insurance policy. You must get an electric e-rickshaw policy.

Q2: What types of auto-rickshaws are covered in a commercial vehicle insurance?

Ans: The commercial vehicle insurance policies for auto-rickshaws are available for both diesel or petrol auto rickshaws and even electric auto rickshaws.

Q3: How is e rickshaw insurance different from normal vehicle insurance?

Ans: An e-rickshaw is used for commercial purposes and must be insured with a commercial vehicle insurance policy to safeguard the insured vehicle, third-party liabilities, and even the passengers.

Compare & Save Up To 85%*on Hero Electric e-Rickshaw Insurance

Renew policy in 2 minutes

20+ Insurers to chose

1.2 Cr+ Vehicles Insured

Brand new vehicle? Click here

Hero Electric e-Rickshaw Insurance

Hero Electric is one of the leading two-wheelers makers in India, apart from many non-commercial electric two-wheelers, the company also manufactures the electric rickshaw model 'Raahii’ under the commercial vehicles segment. As per the Indian Motor Laws, it is mandatory for all vehicle owners to buy a motor insurance policy and legally ply on Indian roads. A Hero Electric e-rickshaw Insurance policy is designed to cover any third-party liabilities and damages caused to the insured vehicle due to several unforeseen circumstances. Read on to know everything about the Hero Electric e-rickshaw insurance.

Model (2019 Registration)	Hero Electric Third-Party Insurance Premium
Hero Electric Raahii	₹4,487

Disclaimer: The Hero Electric Insurance Price may vary as per the engine capacity, IDV, type of fuel, RTO, registration year, etc.

Reasons to Buy Hero Electric E Rickshaw Insurance Policy

Here are the reasons to purchase Hero Electric E Rickshaw policy:

Legal Compulsion: An e-rickshaw insurance is mandatory by the law. Policyholders must have at least a third-party liability insurance policy to cover any third-party person or property damage.
Broader Protection: A comprehensive insurance offers an extra layer of protection and not only helps to cover third-party liabilities, but also covers damages caused to the insured e-rickshaw due to natural calamities, terrorist activities, accidents, thefts, fires, and other malicious acts or unforeseen events.
Easy to Purchase: Buying a commercial vehicle insurance policy for Hero Electric e-rickshaws online is a simple and quick process. It saves time and policyholders can also compare multiple plans to save money.

Types of Hero Electric E Rickshaw Insurance Policy

Hero Electric Third-Party Insurance: A third-party commercial vehicle insurance policy provides coverage against losses or damages incurred to third-party property or person by the insured vehicle. A third-party e-rickshaw insurance policy is also mandatory as per the Motor Vehicle Act, 1988.
Hero Electric Comprehensive Insurance: Purchasing a comprehensive commercial vehicle insurance policy is not legally mandatory but offers a broader coverage for both third-party liabilities and damages caused to the insured e-rickshaw due to any unforeseen circumstances.

Coverage Under Hero Electric E Rickshaw Insurance Policy

Inclusions
Exclusions

Damages caused due to theft, burglary, or housebreaking
Losses or damages incurred due to accident and collision
Losses due to fire, self-ignition, or explosion
All third-party liabilities and legal liabilities

Damages incurred when the driver is drunk.
Any losses or damages incurred when the driver is without a valid license.
Any kind of consequential loss is not covered.
Damages or losses incurred due to contributory negligence.

How to Buy Hero Electric E Rickshaw Insurance Online

Here are the steps to buy a buy Hero Electric e-rickshaw insurance policy online from policybazaar.com:

Select commercial vehicle insurance from the homepage.
Fill in all the required details, such as registration details, make, model, RTO information, details of manufacturing, type of insurance type policy etc.
Choose the relevant add-ons, IDV, and NCB (in case of renewals).
All the available plans will be displayed on the screen.
Check all the details and finalise the policy as per budget and requirements.
Pay the premium and the policy will be mailed to the registered address.

How to File a Hero Electric E Rickshaw Insurance Policy Claim?

Intimate the Insurance Provider: Inform the insured at the toll-free number after the accident.
Surveyor Inspection: The insurance company will assign a surveyor to assess the damages.
Document Submission: After the survey, submit all the required documents to file the claim.
Repair and Claim Settlement: The insured e-rickshaw will be sent to the network garage for repair and the claim will be settled once everything is approved and verified.

Documents Required for Hero Electric E Rickshaw Insurance Claim

Signed and filled claim form
Registration certificate
Driving license
Copy of FIR
Repair estimate
Load challan
Permit of the commercial vehicle

FAQs

Q1: Is electric rickshaw insurance compulsory?

Ans: Yes, as per the Indian Motor Laws, it is mandatory for all passenger carrying vehicles to have a commercial vehicle insurance policy. You must get an electric e-rickshaw policy.
Q2: What types of auto-rickshaws are covered in a commercial vehicle insurance?

Ans: The commercial vehicle insurance policies for auto-rickshaws are available for both diesel or petrol auto rickshaws and even electric auto rickshaws.
Q3: How is e rickshaw insurance different from normal vehicle insurance?

Ans: An e-rickshaw is used for commercial purposes and must be insured with a commercial vehicle insurance policy to safeguard the insured vehicle, third-party liabilities, and even the passengers.