Mahindra Insurance

Mahindra Insurance Price

The following table highlights the popular Mahindra commercial vehicles along with their third party insurance premium:

*Disclaimer: The third-party insurance premium mentioned above is fixed by the IRDAI based on the gross vehicle weight. The premium will differ if you choose a comprehensive insurance policy and add-ons.

Reasons to Buy Mahindra Insurance Policy

The reasons to buy a commercial vehicle insurance are given below:

• Legal Obligation: It is mandatory to insure your vehicle as per the Indian Motor Laws with at least a third party insurance. This will not only protect you against third party liabilities but also help you follow the law.
• Easy to Purchase and Renew: You can easily buy and renew your insurance policy online on aggregator websites like policybazaar.com.
• Financial Security: Mahindra auto insurance offers a financial backup as the insurer will be liable to settle the claims.

Types of Mahindra Insurance Policy

• Third-Party Insurance: According to the Motor Vehicle Act, it is mandatory for all vehicle owners to have at least a third-party commercial vehicle insurance. With this policy the insurer only covers the damages caused to third party property or person. No coverage is provided for damages caused to the insured vehicle.
• Comprehensive Insurance: This is an optional insurance that provides coverage against losses or damages incurred to a third-party person or property along with damages caused to the insured vehicle.

Mahindra Insurance: Add-Ons

An add-in is available with an insurance policy at an additional premium. You can include the following add-ons with your insurance policy to extend the coverage:

• Personal Accident (PA) Cover: The PA Cover is a mandatory add-on to buy with your third party insurance policy. As per the IRDAI you must have a PA cover of at least ₹15 lakhs for the individual owner to cover disablement or death of the insured.
• Zero Depreciation/ Bumper to Bumper Insurance: All vehicles are subject to depreciation as per their age and insurance companies deduct a depreciation cost while settling your claims. However, this add-on helps you get a better claim amount as the insurers will not deduct any depreciation costs, in case of an accidental claim.
• Electrical and Non Electrical Accessories: The add-on protects additionally-fitted electrical and non electrical accessories such as fog lights, seat covers, etc and provides coverage in case of any accidents.

How to Buy Mahindra Insurance Online?

This is the era of the internet and e-commerce, where buying an insurance policy is one click away. To buy an insurance online you can follow the steps mentioned below:

• Visit the official website of Policybazaar Insurance Brokers Private Limited and select 'commercial vehicle insurance'.
• Mention the registration number or else fill out all the details like make and model, the RTO information, manufacturing details, insurance type, etc., in case of a new vehicle.
• Choose the insurance from the list available and select any add-ons if required..
• Pay the premium of the policy you wish to buy. Once successful, your policy will be mailed to you.

How to Renew Mahindra Insurance Online?

You can follow the steps mentioned below to renew your existing insurance from aggregator websites like policybazaar.com:

• Step 1: Go to the homepage and choose the 'commercial vehicle insurance' option.
• Step 2: Fill the vehicle registration details and submit the form.
• Step 3: Include the add-ons you wish to purchase and choose the IDV (should be 10% lesser than previous year).
• Step 4: Select the policy you wish to buy from the available options and make the payment.
• Step 5: The renewed policy will be mailed at the registered email address.

How to File Mahindra Insurance Policy Claim?

In order to file a claim against your Mahindra insurance policy, you must follow the steps mentioned below:

• Inform the insurer and file an FIR, if required to register your claim.
• A surveyor will be sent to assess the damages. .
• Submit all the necessary documents to the surveyor.
• Once the documents have been verified and the claim has been approved, your vehicle will be sent for repair.
• After your vehicle is repaired, the insurer will settle the claim..

Documents Required for Mahindra Auto Insurance Claims

• Filled and signed claim form
• Driving license copy
• FIR Copy
• Copy of Registration Certificate (RC)
• Repair estimate
• Load permit and challan permits required