Commercial Electric Vehicle Insurance

Bajaj Allianz's electric commercial policy covers various electric vehicles such as taxis, passenger autos, and goods trucks. Businesses using electric vans can opt for van insurance, and those with specialized commercial EVs can also avail of coverage. This policy caters to diverse commercial electric vehicle needs

Commercial vehicles have dedicated personnel to drive and look after their maintenance in large organisations. Along with repairs, the electric commercial vehicle insurance policy also covers the injuries to owner-drivers, other paid drivers, and maintenance professionals

With an electric commercial vehicle insurance policy from Bajaj Allianz, businesses can avail the mandatory third-party coverage for injuries and damages as well as own-damage coverage for the insured vehicle. Personal accident cover for the owner-driver is also provided. Since commercial vehicles are driven by dedicated drivers, all-round coverage using a comprehensive policy is of great help

In emergency situations, the commercial electric vehicle policy provides round-the-clock assistance for repairs. It includes facilities like repairs, as well as towing

Choice of add-on covers to increase your commercial EV insurance coverage

*TP Goods Carrying EV Motorised Three Wheelers Premiums starting at ₹ 3,139*

If an accident is caused by your Commercial Electric Vehicle and you are liable to compensate for any injury or death of others then we will pay the exact amount as by court.

If an accident is caused by your Commercial Electric Vehicle and you are liable to compensate for any damage to property of others then we will pay amount upto the SI limit

Damages and losses that arise out of accidents and collisions

Damages and losses to Commercial Electric Vehicle by events like floods, cyclones, earthquakes, riots or vandalism

Damages and losses if your Commercial Electric Vehicle catches fire or explodes

Financial losses when your Commercial Electric Vehicle is stolen

Coverage if your Commercial Electric Vehicle accident results in death or disability of car owner

Not all commercial vehicles can be repaired on-site. Therefore, if these vehicles need to be towed, having a commercial EV insurance policy is beneficial

Please read the policy wordings for detailed inclusions

Any damage caused to the Commercial Electric Vehicle intentionally

Normal wear and tear of the Commercial Electric Vehicle due to usage and depreciation in value is not covered

Any type of illegal activity such as driving without a license, under the influence of alcohol and/or drugs, or using the electric car for criminal activity

Your insurance policy is only valid within India. If your vehicle meets with an accident outside the country, your claim will be rejected.

Losses caused by war or nuclear risks are not covered

Damages due to electrical or mechanical failure refer to the harm or breakdown that occurs in a vehicle's electrical components (like the battery, wiring, or charging system) or mechanical parts (such as the engine, transmission, or brakes)

Damage to tyres and tubes unless the vehicle insured is damaged at the same time in which case the liability of the company shall be limited to 50% of the cost of replacement

Please read policy wording for detailed exclusions

Prevents the depreciation of vehicle parts from lowering the value of your insurance claim. By opting for this cover, you can receive a higher amount of compensation during a claim. In case of an accident, the insurance company covers the depreciation on parts like rubber or fibreglass.

A motor protection cover ensures your commercial EV's motor, the crucial component, is insured against damages and repair costs. While adding this cover may increase your insurance premium, it compensates for motor repair expenses and proves beneficial in the long term, protecting against hefty financial losses

Ensures that the necessary spares and components of your commercial EV are replaced for optimal functioning. This is crucial to avoid financial losses due to breakdowns, especially for vehicles used to transport goods and passengers.

Loss of revenue due to downtime in your business is also compensated for. In a business where the vehicles are critical for its operation, it is a nifty add-on to consider

Commercial vehicles, with their longer operating hours, are more susceptible to breakdowns than private vehicles. In such cases, 24X7 roadside assistance becomes invaluable. This cover ensures that in the event of a breakdown, whether passengers or goods are stranded, help is always available, minimizing financial losses for the business