Yatri E-Rickshaw Insurance

Buying a Yatri e rickshaw insurance policy can protect your three-wheeler from unforeseen losses arising out of road accidents, theft, natural calamities etc. It will also protect you against any third party liability arising out of the insured electric rickshaw. Yatri e-rickshaw insurance falls under the category of a commercial vehicle insurance and is mandatory as per the Indian Motor Vehicles Act, 1988 for business owners to ply on Indian roads.

Model	Yatri Third Party Premium
Yatri Electric	₹4,487

Disclaimer*: The Yatri e rickshaw insurance price for multiple variants depends on factors like coverage required, IDV of the vehicle, add-ons required, etc.

Reasons to Buy Yatri E Rickshaw Insurance Policy

Here are some of the common reasons to buy a Yatri e-rickshaw insurance policy:

Legal Requirement: It is legally compulsory for all e-rickshaw owners to have a valid commercial vehicle insurance policy to legally ply on Indian roads.
Personal Accident Cover: An e-rickshaw insurance policy also offers a personal accident cover for the owner-driver of up to ₹15 lakhs
Accidental Protection: A Yatri e-rickshaw insurance policy compensates and provides cover against damages sustained by the insured vehicle due to road accidents, theft, and other unforeseen disasters.
Easy to Purchase: It is very simple to purchase a commercial vehicle insurance policy online on Policybazaar.com for Yatri e-rickshaw.

Types of Yatri E Rickshaw Insurance Policy

The two types of Yatri e rickshaw insurance policies offered in India are:

Third Party Yatri E Rickshaw Insurance Policy: A third-party commercial vehicle insurance policy covers a policyholder for accidental losses sustained by a third party due to the insured e rickshaw. This policy covers damages to third party person or property, including death and injury of the third party.
Comprehensive Yatri E Rickshaw Insurance Policy: A comprehensive commercial vehicle insurance policy covers the policyholder for losses sustained by the insured e-rickshaw due to uncertain incidents like theft, road accidents, fire, strikes, etc. The comprehensive Yatri e rickshaw insurance policy also covers any third party damage caused due to the insured vehicle.

Coverage Under Yatri E Rickshaw Insurance Policy

Inclusions
Exclusions

Losses caused due to riots, strikes or other manmade acts
Damages caused due to cyclones, landslides, rockslides or any other natural disaster
Any damage arising out of theft or burglary of the insured e rickshaw
Damages caused to the insured vehicle due to fire, explosion or ignition
Any damage arising out of third party liabilities such as third party property damage, injury or demise of third party
Any damage arising out of external means such as a road accident

Damages arising out of general wear and tear
Any damage sustained by the insured vehicle outside the prescribed geographical scope of cover of the e-rickshaw insurance policy
Any damage caused to the insured e rickshaw when the driver was drunk
Losses arising out of the mechanical or electrical breakdown of the insured vehicle
Any damage caused to the insured e rickshaw when the driver was not carrying a valid driving license
Losses sustained by the insured vehicle as a result of a contractual liability
Any loss to the insured e rickshaw due to civil war or nuclear peril

Add-Ons with Yatri Insurance

Policyholders can include the following add-ons with their commercial vehicle insurance:

Accessories Add-on Cover: This add-on helps to cover damages caused to electrical and non-electrical fittings of an e-rickshaw. The accessories add-on cover for commercial vehicle is beneficial to protect the additionally-fitted parts, such as fog lamps, music system, etc.
IMT 23: With the IMT 23 add-on, policyholders can extend the coverage of a standard e-rickshaw insurance policy and cover uninsured parts, such as bonnet, mudguards, bumpers, sidepart, paintwork of a damaged section, etc.
Zero Depreciation Cover: With this add-on, the insurer will not deduct the cost of depreciation on the repaired and replaced parts while settling an accidental claim. The zero depreciation add-on for commercial vehicle covers full cost of the damaged parts except for tyres, tubes and battery costs which are covered at 50% costs.
Personal Accident Cover: The personal accident cover is a compulsory add-on that protects damages caused to the owner-driver. It offers compensation of up to ₹15 lakh to cover death, disablement, or injury caused to the owner-driver.

How to Buy Yatri E-Rickshaw Insurance?

Follow the steps mentioned below to buy or renew a Yatri E-Rickshaw insurance online:

Go to policybazaar.com and choose 'commercial vehicle insurance'.
Fill out the form with the vehicle details, such as make, model, manufacturing year, etc., and click on submit.
Choose the IDV, NCB, and add-ons, and then choose from the available plans.
Select the policy, cross-check all the details, and pay the premium. The policy will be sent to the registered address immediately.

How to File a Yatri Insurance Claim?

Policyholders can easily file a claim for their Yatri e-rickshaw using the steps mentioned below:

Inform the Insurance Provider: Intimate the commercial vehicle insurance company about the accidental claim you wish to file.
Damage Inspection: A surveyor will be assigned to assess the damages incurred to or by the insured e-rickshaw.
Document Submission: Submit all the important documents to file your claim.
Repair and Settlement: Once the surveyor approves and verifies the documents, the insured vehicle will be sent to a network garage. After the e-rickshaw is repaired, the claim will be settled.

Documents Required to Raise A Claim Under Yatri E Rickshaw Insurance

Here are the documents that you should keep handy to raise a Yatri e rickshaw insurance claim with your insurer:

Duly signed claim form
Commercial vehicle insurance papers
Copy of vehicle's Fitness Certificate
Copy of Registration Certificate
Repair bills and estimates
Valid driving license
Copy of Police FIR

FAQs

Q1: Does e-rickshaw require insurance?

Ans: Yes. As per the motor laws of India, it is mandatory for all e-rickshaw owners to have a commercial vehicle insurance policy for their three-wheeler to legally ply on the roads of India.
Q2: Can I purchase e-rickshaw insurance online?

Ans: Yes. You can compare the prices of various e-rickshaw insurance plans on broker websites like Policybazaar.com and buy the most suitable one online.
Q3: Will my Yatri e-rickshaw cover the passengers and driver?

Ans: Yes, the owner-driver is covered under a Yatri e-rickshaw insurance with the mandatory personal accident cover. An e-rickshaw insurance policy also covers every licensed passenger.
Q4: Will I need any documents to renew my Yatri insurance policy?

Ans: No. You will not require any document while renewing your Yatri e rickshaw insurance policy from Policybazaar.com.
Q5: How can I reduce the Yatri e rickshaw insurance price?
Ans: You can lower your Yatri e rickshaw insurance price by following these tips:
- Retaining your NCB discount
- Comparing three-wheeler insurance plans before purchasing
- Installing an ARAI approved anti-theft device in your e rickshaw
- Not purchasing unnecessary additional covers