Tata AIG Provides Electric Car Insurance for all EV Vehicles

With the automotive industry rapidly transitioning towards sustainability, electric vehicles (EVs) are becoming the norm. Recognising this shift, Tata AIG has stepped up to provide comprehensive electric car insurance, catering to the unique needs of electric car owners.

While third party car insurance is a mandatory requirement, it is advisable to opt for a comprehensive EV insurance policy for your vehicle. 

What is Electric Car Insurance?

A comprehensive car insurance policy is to provide protection against financial liabilities arising from damages to the vehicle, any damages to a third party and injuries to the owner-driver. Personal Accident also pays in case of death of the insured due to accident while in the insured vehicle. This could be injuries leading to Permanent total disability or death.

Benefits of Purchasing Tata AIG EV Car Insurance

Comprehensive Coverage: Protects against a wide range of incidents, including accidents, theft and natural disasters.

Third-Party Liability: Covers damages to third-party vehicles and property, as well as injury to third parties.

Personal Accident Cover: Provides coverage for the owner-driver in case of accidental death or permanent total disability arising from a car accident while in the insured car.

Roadside Assistance: Offers services like towing, flat tyre change and other roadside assistance for instances when the EV breaks down or runs out of charge.

No Claim Bonus: Rewards policyholders with a discount on the premium for every claim-free year.

Customisable Add-Ons: Allows owners to tailor their policy with add-ons such as zero depreciation cover, roadside assistance cover, etc.

What is Covered Under Tata AIG EV Car Insurance?

Accidental Damage: Covers damage to the vehicle due to accidents, collisions, or external impacts.

Theft: Provides coverage if the electric vehicle is stolen.

Battery Pack Coverage: Includes protection for the EV’s battery pack

Natural Calamities: Protects against damages caused by natural disasters such as floods, earthquakes and hurricanes.

Fire and Explosion: Covers damage due to fire, explosion, self-ignition or lightning.

Third-Party Losses: Includes liability for third-party bodily injury/death and third-party property damage.

In Transit Damage: Provides coverage for damages while the vehicle is in transit by road, rail, inland waterway, lift or elevator.

Add-Ons: A choice of add-ons offers specific, targeted coverage. For instance, an electric surge add-on covers loss or damages like short circuits arising from an electric surge.      

Battery: An optional add-on covers the cost of replacing the EV’s battery.

What is Not Covered Under Tata AIG Electric Car Insurance?

Wear and Tear: Excludes general wear and tear of the vehicle, including ageing, depreciation and inherent mechanical or electrical failures.

Driving Under the Influence: Does not cover accidents or damages resulting from driving under the influence of drugs or alcohol.

Unauthorised Use: Damages incurred during unauthorised use of the vehicle, such as racing or illegal activities or driving without a proper driving licence, are not covered.

Negligence: Excludes coverage for damages due to negligence, such as leaving the vehicle unlocked or keys in the car.

Unapproved Modifications: Damages resulting from modifications not approved by the manufacturer are not covered.

Electrical or Mechanical Breakdown: Does not cover the costs of repairing electrical or mechanical breakdowns that are not caused by an insured peril.

War and Nuclear Risks: Damages caused by war, invasion, acts of foreign enemies, nuclear weapons and radiation are excluded.

Inactive Insurance: If the EV insurance is inactive or lapsed, the claims will be rejected.

<h2> How to Calculate Tata AIG Electric Car Insurance Rates? </h2>

Insured Declared Value (IDV): Reflects the car’s current market value, adjusting for depreciation.

Make and Model: Different models may incur varying insurance costs due to repair expenses.

Vehicle Age: Newer cars may have higher premiums due to their greater worth.

Coverage Type: The choice between comprehensive and third-party liability insurance influences the rate.

No Claim Bonus: Accumulated NCB for no-claims years can reduce the premium.

For precise electric car insurance costs, use Tata AIG’s online calculators or contact their customer service with your vehicle details. You can also use the calculators to determine the best car insurance for electric vehicles based on the premium and the coverage offered.

Further, those who already have an EV insurance policy can do car insurance renewal online with the Tata AIG website in just a few minutes.

Conclusion

As electric vehicles become more prevalent, the need for specialised car insurance policies like those offered by Tata AIG becomes essential. A comprehensive Tata AIG EV car insurance policy ensures that electric car owners can enjoy their sustainable driving experience with complete peace of mind, knowing they are well protected.