Swaraj Tractor Insurance

Popular Swaraj Tractor Insurance Price

The following table highlights the premium for a Swaraj commercial vehicle insurance:

Disclaimer: The above-mentioned prices are third party insurance premiums, which are fixed by the IRDAI and are subject to change without prior notice. The Swaraj Insurance Price for a comprehensive commercial vehicle insurance will vary as per the engine capacity, RTO, IDV, fuel type, registration year, etc.

Reasons to Buy Swaraj Tractor Insurance Policy

Here are some of the common reasons to buy a Swaraj tractor insurance policy:

• Mandatory by Law: It is a legal requirement to have at least third-party commercial vehicle insurance for your Swaraj tractor. Swaraj tractor insurance ensures legal compliance and provides coverage for any injury or property damage caused to a third party.
• Easy to Purchase: Anyone can conveniently compare, buy, or renew Swaraj tractor insurance online through platforms like Policybazaar.com, as per their budget and needs.
• Financial Protection: Swaraj tractor insurance offers financial support by covering expenses related to third-party liabilities and unforeseen incidents caused to the insured tractor as well in case of a comprehensive policy.

Types of Swaraj Tractor Insurance Policy

There are two types of Swaraj Tractor insurance policies which are mentioned below:

1. Swaraj Third-Party Commercial Vehicle Insurance: A third-party commercial vehicle insurance policy provides insurance coverage against all the damages and losses incurred to third-party property or persons by the insured tractor. In addition to this, it is mandatory by law to have this commercial vehicle insurance for tractors.
2. Swaraj Comprehensive Commercial Vehicle Insurance: Unlike a third-party insurance policy, a comprehensive commercial vehicle insurance is not mandatory by law, but it is recommended as it offers coverage to the insured vehicle and third-party both. Policyholders can also purchase several add-ons to enhance the coverage of a standard commercial vehicle insurance. .

Add-Ons with Swaraj Tractor Insurance

Policyholders can purchase the following commercial vehicle insurance add-ons at an additional premium for their Swaraj tractors to enhance the protection of their standard policy:

• Zero Depreciation Cover: It allows policyholders to get the full claim amount without any deduction for depreciation on parts like plastic, rubber, and glass. The zero-dep add-on is ideal for new commercial vehicles or those that undergo frequent repairs.
• IMT 23 Add-On: This add-on offers coverage for damages incurred by commonly excluded parts such as tyres, tubes, bumpers, etc., after deducting the depreciation costs.
• Accessories Cover (Electrical & Non-Electrical): It protects the damages incurred by accessories like fog lamps, air conditioners, seat covers, and other fittings that were not mentioned under the manufacturer's selling price.
• Personal Accident (PA) Cover: This add-on provides financial support, in case the owner-driver suffers permanent disability or death due to an accident, of up to ₹15 lakhs. It is mandatory for individual owners and offers crucial protection for high-risk commercial driving.

How to Buy Swaraj Tractor Insurance?

To buy or renew a Swaraj tractor insurance online, follow the steps below:

• Visit policybazaar.com and go to the 'Commercial Vehicle Insurance' section.
• Enter the vehicle registration number or select 'I have a brand new vehicle' and click on submit.
• Provide key details like the vehicle type (tractor), make (Swaraj), model, variant, and RTO location.
• Enter the name and contact number, and click on 'View Prices'.
• A list of plans from leading insurers will be displayed.
• Choose the Insured Declared Value (IDV), add-on covers, and other customizations.
• Select the plan that suits your needs and pay the premium amount.
• Once the payment is successful, the policy document will be sent to your registered email address.

How to File Swaraj Tractor Insurance Claim?

Follow the steps given below to file a Swaraj tractor insurance claim:

1. Notify the Insurer: Inform the commercial vehicle insurance company about the accident or damage without delay.
2. File an FIR: File a police report if the incident involves third-party damage or theft.
3. Surveyor Visit: The insurer will appoint a surveyor to inspect and evaluate the damage caused to the Swaraj commercial vehicle.
4. Submit the Documents: Submit all the documents once the surveyor approves the damages.
5. Repair & Claim Settlement: Once the surveyor gives an approval, the vehicle will be sent for repair, and the claim will be settled as per policy terms.

Documents Required for Swaraj Tractor Insurance Claims

• Signed and filled claim form
• Driving license's copy
• Registration certificate's copy
• Copy of FIR
• Repair's estimate
• Load challan (for commercial vehicles)