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  • Overview
  • Types of EV Car Insurance
  • Policy Download
  • EV Car Insurance Add-On's
  • Buy / Renew EV Car Insurance
  • Ev Car Insurance Features and Benefits
  • How to Claim Ev Car Insurance
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Electric Car Insurance Overview

Embrace the future of mobility with confidence, knowing that your eco-friendly journey is protected. As the world shifts towards sustainable transportation, we at Shriram General Insurance understand the unique insurance needs of electric car owners. Our specialized policies offer comprehensive coverage and tailored solutions for your electric vehicle, ensuring a smooth and worry-free ride. Safeguard your green investment today with our reliable electric car insurance plans.

Overview
What is Electric Car Insurance?

What is Electric Car Insurance?

Electric car insurance is a type of insurance policy that covers electric cars. It provides monetary security in the event of accidental damages, burglary, or damage to the covered electric vehicle due to natural or manmade calamities.

The insurance policy considers the unique characteristics of EVs, such as their design, battery packs, and charging framework. Due to higher initial expenses incurred while buying electric vehicles, particularly expensive battery technology, electric car insurance is critical for EV owners. In the case of an accidental damage to your vehicle, EV insurance ensures the expense of repairing or replacing are covered under the insurance coverage.

Why Do Electric Cars Require Specialised Insurance?

Electric cars require specialised insurance due to their unique characteristics. Unlike conventional vehicles, electric cars use advanced battery technology, which can be expensive to repair or replace in case of damage.

Standard insurance policies may not fully cover the high costs associated with electric vehicle components. Specialised insurance for electric cars provides tailored coverage that considers the specific needs of these eco-friendly vehicles. By buying insurance specifically designed for electric cars, owners can ensure adequate financial protection.

Key Features of Shriram Electric Car Insurance

When it comes to protecting your eco-friendly ride, Shriram General Insurance offers comprehensive electric car insurance with a range of key features that ensure peace of mind and hassle-free coverage. Here are the top features of Shriram Electric Car Insurance:

Pocket-friendly Premium

Shriram General Insurance understands the value of your money, and that's why we offer affordable insurance plans. With minimal documentation requirements, you can easily get your electric car insured without breaking the bank.

Superfast Claim Registration

Filing a claim is made simple and convenient with Shriram Electric Car Insurance. The online claim process is easy and efficient, ensuring quick processing.

Extensive Add-on Options

To enhance your electric car insurance coverage, Shriram offers a wide range of exclusive add-ons. Customize your policy with add-ons like Key Replacement, Invoice Return, and Consumables covers for comprehensive protection tailored to your vehicle's needs.

Comprehensive Plans

Shriram Electric Car Insurance provides all-around protection with comprehensive insurance coverage. This includes protection against third-party liabilities, damages to your electric vehicle, theft, fire, natural disasters, and more.

Coverage for Third-Party Liabilities

If your car is involved in an accident resulting in damages to a third-party property, Third-party car insurance shall cover such losses. It also covers bodily injury or death of a third-party.

Quick Claim Intimation Process

You can raise your claims quickly through our website or My SGI app, making it a hassle-free experience.

  • How To Buy Insurance Online for Electric Cars
  • How To Renew Insurance Online for Electric Cars

Purchasing insurance for your electric car from Shriram General Insurance's website or MySGI app is a simple and quick process. Follow these clear steps to buy electric car insurance online:

01

Visit our website or MySGI mobile app.

02

Provide the necessary information about your electric car.

03

Select the ideal electric car insurance plan based on your specific requirements.

04

Make the payment online to receive your policy instantly.

Renewing your electric car insurance with Shriram General Insurance is quick and convenient. Follow these step-by-step instructions to renew your electric car insurance online:

01

Visit the Shriram General Insurance website or mobile app (MySGI), and log in to your account.

02

Choose the policy for renewal and confirm your electric car details.

03

Select the ideal coverage based on your needs.

04

Pay the premium online for instant policy renewal.

Electric Car Insurance: What's Not Covered?

While electric car insurance provides comprehensive coverage for various risks, policyholders must know about certain exclusions. Electric vehicle insurance may come with the following exclusions

Own Damage

If the car owner does not have a comprehensive insurance plan, any damages to the electric vehicle will not be covered. It is essential to opt for comprehensive coverage to ensure protection against own damages, including accidents and collisions.

Alcohol-Impaired Driving

Driving under the influence of alcohol or drugs is not covered by electric car insurance. Any damages or liabilities arising from accidents caused by drunk driving will not be eligible for coverage.

Driving Without a Licence

If the driver does not possess a valid licence at the time of the accident that caused the damage, the insurer will not provide coverage. Driving without a valid licence is illegal and will result in the denial of insurance claims.

Consequential Damage

The insurer will not cover any loss or damage to the electric vehicle that did not occur due to direct contact with another vehicle or object while on the road. Damages resulting from indirect causes or events will not be covered.

Intentional Negligence

If the electric vehicle owner intentionally ignores the damage to their car, and it worsens before they decide to get it fixed, the insurer will not provide coverage for the damage. The vehicle owner will have to bear the cost of repair or replacement out of pocket.

Lapsed Insurance Plan

Maintaining active and continuous insurance coverage is crucial. If the electric vehicle insurance policy expires and it is not renewed on time, insurers will not provide any coverage. Any incidents or accidents occurring during the lapsed period will not be covered.

Insurance Coverage Options for Your Electric Car

Your electric car is a valuable asset, and protecting it with the right insurance coverage is essential. At Shriram General Insurance, we offer a range of comprehensive insurance options tailored to your needs.

Comprehensive Electric Car Insurance Policy

Comprehensive Electric Car Insurance Policy

Our comprehensive electric car insurance plan provides all-inclusive protection for your eco-friendly vehicle. It covers damages from accidents, theft, natural disasters, fire, and third-party liabilities specific to electric cars. With this policy, you can enjoy peace of mind knowing that your electric car and your financial interests are well-protected.

Third-Party Electric Car Insurance Policy

Third-Party Electric Car Insurance Policy

As mandated by law, our third-party electric car insurance policy safeguards you from financial and legal liabilities arising from injuries or property damage to third parties. Having this coverage is essential for responsible driving and ensures that you are protected from unforeseen expenses due to third-party claims.

Own Damage Cover for
                                                                                                                           Electric Cars

Own Damage Cover for Electric Cars

Our Own Damage (OD) coverage offers comprehensive protection for your electric car against damages caused by unforeseen mishaps such as accidents, theft, natural disasters, and man-made calamities. You have the flexibility to purchase OD insurance along with your Third-Party Shriram Car Insurance policy at an additional rate, providing complete coverage for your electric vehicle. If you already have Third-Party (TP) liability car insurance, you also have the option to opt for a standalone OD-only cover car insurance policy for your electric car.

How to File a Claim for an Electric Car Insurance?

Shriram General Insurance makes the process of rasing claims online for your electric car insurance simple and hassle-free. Follow the below mentioned steps to submit your claim.

  • Step 01
  • Step 02
  • Step 03
  • Step 04
Step1

Visit the Shriram General Insurance website or download the MySGI app to access your account.

Step2

Select the policy to raise the claim for your electric car insurance and provide details about the damages.

Step3

Upload the necessary soft copies of documents required for quick and efficient claim registration.

Step4

Once you have completed the claim registration process, Shriram General Insurance's customer support team will guide you through the claims process.

Alternatively, you can also call us on 1800-300-30000/1800-103-3009 to raise the claim against your car insurance policy. Our customer support team will guide you through the car insurance claim process.

Add-ons for Electric Car Insurance

Electric car insurance can be further enhanced with a variety of add-ons, offering additional protection and benefits to electric vehicle owners. Here are some valuable add-ons to consider:

Choosing the right add-ons for your electric car insurance can significantly enhance your coverage and ensure comprehensive protection for your valuable eco-friendly vehicle. Evaluate your needs and preferences, and consider adding these valuable extensions to your policy for a worry-free and enjoyable driving experience.

Depreciation Waiver

Depreciation Waiver

With this add-on, you can avoid the impact of depreciation on your electric car's parts during a claim. It ensures you receive the full claim amount without factoring in depreciation, allowing for better cost coverage.

Daily Expense Reimbursement Cover

Daily Expense Reimbursement Cover

If your electric car undergoes repairs after an accident, this add-on covers the cost for alternate transportation, so your daily routine is not disrupted.

Motor Protection Cover

Motor Protection Cover

In case of an accident, we shall provide you with an advocate to defend you against the police and proceedings of in the court of judicial magistrate.

Consumables Cover

Consumables Cover

It covers the replacement cost of consumable items in your electric vehicle, such as lubricants and engine oils, during an accident or repair.

Personal Belongings Cover

Personal Belongings Cover

This add-on provides coverage for personal belongings damaged or stolen from your electric car during an unfortunate event. It safeguards your valuables, offering financial assistance for replacement or repair.

Emergency Transport and Hotel Expenses Cover

Emergency Transport & Hotel Expenses Reimbursement Cover

This add-on compensates for transportation and accommodation expenses if your electric vehicle breaks down far from home. It offers peace of mind during unforeseen situations, ensuring you reach your destination comfortably.

Key Replacement Cover

Key Replacement Cover

Losing or damaging your electric car keys can be stressful. This add-on covers the expenses of replacing or repairing your lost or damaged keys, saving you from significant inconvenience and expenses.

Engine Protector Cover

Engine Protector Cover

This add-on extends coverage to protect your electric vehicle's motor against damages due to water ingression or oil leakage. It safeguards one of the most critical components of your EV.

Steps to Download Your Electric Car Insurance Policy

With Shriram General Insurance, accessing and downloading your electric car insurance policy is quick and convenient. Follow these simple steps to get a copy of your policy document:

Steps to Download Your Electric Car Insurance Policy

Step 01

Visit the Shriram General Insurance website or download the MySGI app to log in to your account.

Step 02

Once logged in, navigate to the policy section and select the electric car insurance policy you want to download.

Step 03

Look for the option "Download Car Insurance Policy Online" and click to initiate the download.

How to Calculate Electric Car Insurance Premiums?

To calculate the premium for electric car insurance, the primary factor taken into consideration is the Insured Declared Value (IDV). The IDV represents the current market value of the electric vehicle and is determined by considering the car's price at the showroom, including any accessories, and adjusting for depreciation per the guidelines of the Insurance Regulatory Authority of India (IRDAI).

Other factors that can influence the premium for electric car insurance include:

To get an accurate premium estimate for electric car insurance, it is recommended to use an Electric Car Insurance Premium Calculator provided. The calculator can provide an instant quote by inputting relevant details about the electric vehicle.

1

Vehicle Make and Model

The brand, make, and model of the electric car play a role in determining the premium. High-end electric vehicles may have higher premiums due to their higher replacement and repair costs.

2

Age of the Vehicle

Older electric cars may have lower IDV due to depreciation, which can result in lower insurance premiums.

3

Location

The location where the electric car is primarily driven can impact the premium. High-traffic areas or regions with a higher risk of theft or accidents may have higher premiums.

4

No Claim Bonus (NCB)

If the electric car has a history of no claims during previous policy terms, the policyholder may be eligible for a No Claim Bonus. It allows a policyholder to enjoy a discount on the premium during policy renewal. You get up to 50% for not raising claims for 5 consecutive years.

5

Add-ons

Opting for add-on covers such as Zero Depreciation, mandatory Personal Accident Cover, Roadside Assistance, etc., can increase the premium but offer enhanced coverage and benefits.

Documents Required for Electric Car Insurance Claim at Shriram General Insurance

When filing an electric car insurance claim with Shriram General Insurance, you will need to submit the following documents:

Registration Certificate

A copy of the electric car's Registration Certificate (RC) is required for claim processing.

Driving Licence

A valid Driving License of the driver is necessary to verify their eligibility to drive the electric vehicle.

Claim Form

The claim form must be duly filled and signed by the policyholder. This form serves as an official request for claim settlement.

Registration Certificate

A copy of the electric car's Registration Certificate (RC) is required for claim processing.

Driving Licence

A valid Driving License of the driver is necessary to verify their eligibility to drive the electric vehicle.

Frequently Asked Questions (FAQs)

These are some of the most frequently asked questions regarding Electric Car Insurance.

Does Shriram Electric Car Insurance offer specialized add-ons?

Several factors impact the insurance premium of electric vehicles, including the vehicle's make and model, location, Insured Declared Value (IDV) and year of manufacture.

In the event of a total loss of an insured electric car, how does Shriram General Insurance determine the appropriate compensation, considering depreciation?

How does Shriram General Insurance handle insurance claims involving electric cars?

Shriram General Insurance handles such claims in a standard manner, assessing the extent of damage and liabilities based on the policy coverage and circumstances of the accident.

Which is the most ideal car insurance for electric cars?

Currently Independent Financial Advisor(IFA) with tax status as Individual can get empanelled.

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Shriram General Insurance provides a range of coverage options for Electric Cars, tailored to meet varying needs and offer comprehensive protection. So, whether you need basic coverage or more extensive protection, Shriram General Insurance has a solution to suit your needs.

Comprehensive Coverage

Shriram General Insurance's Comprehensive Insurance for electric cars is the go-to option for vehicle owners looking for all-inclusive protection. This policy covers various aspects of electric car insurance, combining third-party liability, own damage coverage, and optional add-ons. With this comprehensive policy, you can rest assured that your vehicle has protection against a wide array of accidents and perils.

Comprehensive Coverage

Key Features of Comprehensive Coverage for electric cars

Third-Party Liability

This covers you against any legal liabilities arising from injury or damage to a third party due to an accident involving your vehicle.

Own Damage Coverage

Own Damage (OD) coverage is essential for protecting your EV from damages resulting from unforeseen incidents such as accidents, theft, natural disasters, and even man-made events.

  • Coverage for Natural Calamities: Natural disasters like floods, earthquakes, and storms can cause substantial damage to your electric vehicle. Comprehensive coverage extends protection in such cases.
  • Protection Against Man-Made Disasters: From riots to civil disturbances, this policy has you covered in the event of man-made disasters.
  • Theft: If your vehicle is stolen, comprehensive coverage ensures you get compensation for your loss.

Add-ons

Shriram General Insurance provides an extensive selection of add-ons to enhance your Comprehensive Insurance Policy, including Road Side Accident (RSA), Zero Depreciation, Personal Belongings coverage, and more.

Own Damage coverage

The Own Damage (OD) coverage is included in a Comprehensive Insurance Policy but is also available as a standalone product for vehicles already covered by Third-Party insurance. This coverage provides protection for your vehicle against damage resulting from unforeseen events, including accidents, theft, natural disasters, and man-made incidents.

Own Damage coverage

Key Features of Own Damage Coverage for your electric vehicle

Protection Against Accidents

Protection Against Accidents

Accidents can happen anytime, and this coverage ensures that the damage to your vehicle is covered.

Safety Against Fire

Safety Against Fire

Fire incidents can lead to severe damage to your electric vehicle. With Own Damage coverage, you will have financial protection.

Coverage for Strikes and Riots

Coverage for Strikes and Riots

If your vehicle is caught in a strike or riot, this policy will cover you.

Man-Made Disasters

Man-Made Disasters

This policy offers financial coverage for man-made disasters, safeguarding your electric car against events such as strikes, riots, and other human-induced calamities.

Natural Calamities

Natural Calamities

Natural disasters such as floods and earthquakes can cause significant harm to your vehicle. Own Damage coverage extends protection in such scenarios.

Theft

Theft

If your electric car is stolen, this policy ensures you get compensation for your loss.

Third-Party Coverage

In India, it is mandatory to have Third-Party insurance irrespective of type of vehicle. This type of coverage for electric vehicles serves as a crucial shield, protecting automobile owners from liabilities arising due to third-party damages. Shriram General Insurance offers an excellent Third-Party coverage option that comes into play if your vehicle causes harm to another person's property or results in injury to a third party or the death of a third party.

Third-Party Coverage

Key Features of Third-Party Coverage for EV

Third-Party Injury or Death

This component covers legal liabilities arising from injuries or fatalities caused to third parties due to an accident involving your vehicle.

Third-Party Property Damages

If your electric vehicle damages another person's property, this policy ensures you get coverage.

Unlimited Personal Liability Cover

Shriram General Insurance offers personal liability coverage. It means that whatever the court defines and awards as your liability toward a third party due to accidental death or injuries caused by your EV, will be covered under your electric vehicle insurance policy.

Personal Accident Cover

Personal Accident (PA) coverage is a mandatory component by law, providing crucial coverage in the event of accident-caused injuries and death. In our website and app, this insurance will be preselected, offering convenience, but can be deselected if already covered under another insured vehicle.

Personal Accident Cover

Key Features of Personal Accident Cover for your electric vehicle

Coverage for accidental
                                                                                             death

Coverage for accidental death

In the unfortunate event of the insured's death due to an accident, the personal accident cover provides financial compensation to the nominee or beneficiary.

Coverage for permanent
                                                                                                 total disability

Coverage for permanent total disability

In cases where the insured sustains injuries resulting in permanent total disability, the cover offers a lump-sum benefit to help cope with the ensuing lifestyle changes and financial impact.

Coverage for permanent partial disability

Coverage for permanent partial disability

If the insured experiences permanent partial disability following an accident, the policy provides a predetermined payout based on the severity and impact of the disability.

Compensation for temporary total disability

Compensation for temporary total disability

In situations where the insured is temporarily unable to work due to accident-related injuries, the personal accident cover offers a regular income replacement to support the individual during the recovery period.

Optional coverage for
                                                                                     hospitalisation expenses

Optional coverage for hospitalisation expenses

Some policies may include an optional provision for covering hospitalisation and medical expenses incurred due to an accident, providing additional financial relief during therecovery process.

Frequently Asked Questions (FAQs)

What is Comprehensive Coverage for electric cars?

Comprehensive Coverage is a policy offered by Shriram General Insurance that provides all-inclusive protection for electric vehicles. It combines third-party liability, own damage coverage, and optional add-ons to safeguard the vehicle against a wide range of accidents and perils.

What are the key features of Comprehensive Coverage for electric cars?

Key features include coverage for third-party liability, own damage protection against accidents, natural calamities, man-made disasters, theft, and optional add-ons like Road Side Accident (RSA), Zero Depreciation, and Personal Belongings coverage.

Can I purchase Own Damage Coverage separately if I already have Third-Party insurance for my electric vehicle?

Yes, the Own Damage (OD) coverage is available as a standalone product for vehicles already covered by Third-Party insurance. It provides protection for the vehicle against damage from accidents, theft, natural disasters, and man-made incidents.

What does Third-Party Coverage for electric vehicles include?

Third-Party Coverage is mandatory in India and protects vehicle owners from liabilities arising due to third-party damages. It covers third-party injury or death, third-party property damages, and offers unlimited personal liability cover.

What is Personal Accident (PA) coverage and is it mandatory?

Personal Accident (PA) coverage is a mandatory component by law, providing crucial coverage in the event of accident-caused injuries and death. It includes coverage for accidental death, permanent total disability, permanent partial disability, compensation for temporary total disability, and optional coverage for hospitalisation expenses

Is the Personal Accident (PA) insurance preselected in the Shriram General Insurance website and app?

Yes, the Personal Accident (PA) insurance is preselected in the website and app for convenience, but it can be deselected if already covered under another insured vehicle

What are the key features of Personal Accident (PA) coverage under electric vehicle insurance?

The coverage includes protection against accidental death, permanent total disability, permanent partial disability, compensation for temporary total disability, and optional coverage for hospitalisation expenses incurred due to an accident

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If you want to download your Electric Car Insurance Policy, here's what you need to do.

How to download your Electric Car Insurance Policy

Step 01

Go to the Shriram General Insurance website at www.shriramgi.com or open the MYSGI App. Once you're on the homepage, scroll to the top to locate your Shriram General Insurance’s Electric Car Insurance account.

Step 02

Enter your Electric Car Insurance Policy details and then click on the "Download" button. That way, you'll be able to get your policy document.

Note If you prefer, you can also receive your Electric Car Insurance Policy document via Shriram General Insurance’s official email.

Frequently Asked Questions (FAQs)

Queries about downloading Electric Car Insurance Policies from the Shriram General Insurance website/app are addressed here.

Can I download my Shriram General Insurance’s Car Insurance Policy using the MYSGI App?

Yes, you can download your Electric Car Insurance policy using the MYSGI App. Simply open the app and follow the steps mentioned above to access and download your Electric Car Insurance policy.

Is there an alternative way to receive my Electric Car Insurance Policy document?

Aside from downloading your policy document, we also offer the option to receive your Electric Car Insurance policy document via email. You can choose this option if it is more convenient for you.

Can I access my Electric Car Insurance Policy online without downloading it?

Yes, once you log in to your Electric Car Insurance account on the website at www.shriramgi.com or the MYSGI App, you can generally view your policy details online without needing to download the entire document. This allows you to access your policy information conveniently.

What should I do if I face any issues while downloading my Electric Car Insurance Policy?

If you encounter any difficulties or technical issues while downloading your Electric Car Insurance Policy, it is recommended to reach out to our customer support. They should be able to assist you and resolve any problems you may be experiencing.

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Electric Car Insurance Add-Ons

Understanding how to enhance your Electric Car Insurance is crucial for ensuring comprehensive coverage. In this page, we'll delve into Shriram General Insurance’s Add-on coverage options, shedding light on how these tailored extras can bolster your Electric Vehicle’s (EV's) protection on the Indian roads.

Electric Car Insurance Add-Ons

Shriram General Insurance Electric Car Insurance Add-Ons

Take a peek at the exclusive add-ons we offer at Shriram General Insurance for electric car owners.

Depreciation Waiver

Depreciation Waiver

This add-on covers the depreciation deduction on replaced parts during a claim for damage to your vehicle. However, your electric four-wheeler must meet certain criteria, including age, claim history, and repair at an garage, to qualify.

Daily Expense Reimbursement

Daily Expense Reimbursement

This cover provides daily expense reimbursement for hired transport when your electric car sustains damage covered by your policy. The reimbursement is available for a set number of days during your insurance period, starting from the day your vehicle goes to the garage for repair.

Personal Belongings

Personal Belongings

This cover reimburses you for the loss or damage to personal belongings inside your electric car. However, there may be exclusions for items such as money or jewellery.

Emergency Transport and Hotel Expenses Reimbursement

Emergency Transport and Hotel Expenses Reimbursement

In the event that your electric car is involved in an accident outside municipal limits, this add-on covers the cost of overnight stays and taxi charges. Please note that documentary proof is required for claims.

Key Replacement

Key Replacement

This cover includes three aspects: key replacement for lost or stolen keys, break-in protection covering lock and key replacement after a break-in, and lockout reimbursement if you're locked out of your car due to key loss or theft.

Multi Car Benefit

Multi Car Benefit

If you own multiple electric cars, this benefit allows you to extend certain add-on covers to all your vehicles, provided they are insured with the same company, meet age requirements, and qualify for loyalty discounts.

Motor Protection

Motor Protection

This exclusive offering of Shriram General Insurance provides a lawyer if your electric car is involved in an accident, to assist with legal matters involving the police or court.

Road Side Assistance

Road Side Assistance

Don't worry about being stranded on the road. If your electric car breaks down during a journey, our coverage includes services such as towing, on-site minor repairs, battery jump-start, tire changes, assistance with lost or locked keys, fuel delivery, and more.

How to choose the right add-ons for your electric car

How To Choose the Right Add-Ons for Your Electric Car

Selecting the perfect add-ons for your Electric Car Insurance requires careful consideration. To make an informed choice, start by assessing your driving habits, budget, and specific EV needs.

Are you a frequent road tripper? Roadside assistance might be invaluable. Tailor your add-ons to align with your EV's unique requirements. If you remain uncertain about whether add-ons are suitable for your needs, don't hesitate to get in touch with our customer support team.

One of our representatives will assist you in finding the right answers, ensuring you strike the right balance between protection and affordability.

Frequently Asked Questions(FAQs)

This section addresses frequently asked queries on the add-ons provided by Shriram General Insurance for electric cars.

What are Electric Car Insurance Add-Ons?

Electric Car Insurance Add-Ons are extra coverage options that you can include in your insurance policy to enhance the protection of your electric vehicle. They provide additional benefits beyond the standard coverage.

Are the costs for Electric Car Insurance Add-Ons included in my premium, or are they separate charges?

The costs for Electric Car Insurance Add-Ons are separate from your base premium. Each Add-On comes with its own premium, and the total premium will include the cost of the base policy plus any selected Add-Ons.

Are there any eligibility criteria for Add-Ons like Depreciation Waiver or Multi Car Benefit?

Yes, some Add-Ons may have eligibility criteria. For example, Depreciation Waiver may require your vehicle to be under a certain age and meet specific repair conditions. Multi Car Benefit may require insuring your alternate cars with Shriram General Insurance and meeting age-related criteria.

How do I add Electric Vehicle Insurance Add-Ons to my policy?

You can add these Add-Ons to your policy when purchasing or renewing your electric vehicle insurance with Shriram General Insurance. Our insurance experts can guide you through the available options.

Do I need all the Electric Car Insurance Add-Ons?

No, you can choose the Add-Ons that best suit your needs and preferences. You have the flexibility to select the specific Add-Ons that provide the coverage you require for your electric vehicle.

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  • Buy Electric Car Insurance Online
  • Renew Electric Car Insurance Online

Electric cars are becoming increasingly popular, and for good reason. They're eco-friendly, cost-effective, and fun to drive. But just like any other vehicle, it's important to protect your electric four-wheeler with the right insurance coverage. The good news is that purchasing and renewing electric car insurance is easier than ever, thanks to online options. This guide will take you step-by-step through the process of purchasing or renewing Electric Car Insurance with Shriram General Insurance. Ensuring your electric vehicle (EV) has the financial protection it needs is a breeze with our simplified 3-step insurance process.

1

Begin by visiting our user-friendly website or mobile app. Select Electric Car Insurance. Then, effortlessly input the following basic details.

  • Mobile number
  • Vehicle’s registration date and number
  • Make and model details
2

Next, it's time to add your personal touch to your insurance. Provide the requested personal information and customise your Electric Four-wheeler Policy by selecting any desired add-ons that enhance your coverage. We believe in putting you in control of your insurance choices, tailoring them to meet your unique needs.

3

Finalise the process by choosing a convenient online payment method, making the payment securely and swiftly. It's the last piece of the puzzle to ensure your EV enjoys comprehensive protection. Our streamlined online payment options make this step a breeze, giving you peace of mind in just a few clicks.

Electric cars are becoming increasingly popular, and for good reason. They're eco-friendly, cost-effective, and fun to drive. But just like any other vehicle, it's important to protect your electric four-wheeler with the right insurance coverage. The good news is that purchasing and renewing electric car insurance is easier than ever, thanks to online options. This guide will take you step-by-step through the process of purchasing or renewing Electric Car Insurance with Shriram General Insurance.
Renew your Electric Car Insurance online in three simple steps.

1

Begin by verifying the accuracy of the following information. Cross-reference it with your EV's Registration Certificate (RC) for seamless renewal.

  • Vehicle’s registration date and number
  • Details of Vehicle Manufacturer and Model
  • Previous Insurance Policy Details (if applicable)
  • Change of Ownership Documents (if applicable)
2

Review your insurance needs and decide whether to enhance your coverage with new options or maintain your current level of protection. We give you the flexibility to customise your policy, ensuring it aligns perfectly with your electric car and your driving requirements.

3

Complete the renewal process swiftly and securely by making an online payment. Our convenient online payment options ensure a hassle-free experience, and in just a few clicks, your EV will be renewed and ready for the road once again.

Benefits of Buying Electric Car Insurance Online

The benefits of buying online Electric Car Insurance are listed below.

Cost savings

Cost savings

When you buy Electric Car Insurance online, you often have access to competitive rates and discounts that might not be available through traditional channels.

Time efficiency

Time efficiency

Online transactions save you time by eliminating the need for in-person visits or lengthy phone calls. You can compare and purchase electric car policies from the comfort of your home.

Ease of comparison

Ease of comparison

Online platforms make it simple to compare multiple insurance providers, their coverage options, and pricing, helping you make an informed decision.

Why Renewing Electric Car Insurance Online Makes Sense

Renewing your Electric Car Insurance online in India offers several advantages.

Convenience

Online renewal allows you to renew your EV insurance from the comfort of your home or workplace, saving you the hassle of visiting a physical insurance office.

Time-saving

It's a time-efficient process. You can complete the renewal process quickly, avoiding long queues and paperwork.

Avoiding lapses in coverage

Renewing online ensures that your coverage remains continuous, preventing potential gaps in protection.

Instant policy issuance

Online insurance providers offer instant policy issuance. You can get your policy document immediately after payment.

No geographical limitations

You can renew your EV insurance from anywhere in India, making it especially convenient if you've relocated or are travelling.

Secure payment options

Online transactions are secure, with various payment options available to suit your preferences.

Factors To Consider When Buying/Renewing Electric Car Insurance Online

Consider the following factors while buying/renewing car insurance online:

Coverage options

Understand the types of coverage available, including third-party liability, comprehensive coverage, and add-on covers like zero depreciation and roadside assistance. Choose coverage that suits your EV's needs.

Insured Declared Value (IDV)

Determine the IDV of your electric car, which is the maximum amount you can claim in case of theft or total loss. Ensure that the IDV accurately reflects your vehicle's current market value.

Policy premium

Compare premium quotes from different insurers. While affordability is essential, don't compromise on coverage quality. Look for a balance between cost and coverage.

Claim settlement ratio

Check the insurer's claim settlement ratio. A higher ratio indicates a better track record of settling claims, which is crucial in case you need to make a claim..

Add-on covers

Evaluate optional add-on covers such as Zero Depreciation, Road Side Assistance, and Consumables Coverage. These can provide extra protection but may increase the premium.

Policy exclusions

Carefully read the policy documents to understand what is not covered. This helps you avoid surprises during a claim.

Network of garages

Ensure that the insurer has a wide network of garages or workshops where you can get cashless repairs in case of damage to your EV.

Online reviews

Look for online reviews and customer feedback about the insurer's service quality and claims settlement process.

Policy terms

Understand the policy terms, including the renewal process, waiting periods, and deductibles. Be aware of any special conditions related to EV insurance.

Customer support

Assess the insurer's customer support services, including their responsiveness to queries and assistance during the claims process.

Policy duration

Decide on the policy duration, whether you want one year or multi-year coverage, keeping in mind the long-term benefits.

No-Claim Bonus (NCB)

If you have a no-claim bonus from your previous policy, inquire about how it can be transferred or utilised to reduce the premium.

Frequently Asked Questions(FAQs)

If you still have questions, check out this FAQ section.

What are the advantages of buying Electric Car Insurance online?

Buying Electric Car Insurance online offers cost savings, convenience, and the ability to compare multiple providers and policies quickly. It also allows for customisation and easy access to policy documents.

What factors affect the cost of Electric Car Insurance?

Several factors influence the cost of EV insurance, including the vehicle's make and model, your driving history, your location, the coverage level you choose, and additional features like safety technology.

Can I change my coverage during the renewal process?

Yes, you can typically make changes to your coverage during the renewal process. It's an excellent time to reassess your needs and adjust your policy accordingly.

What should I do if my Electric Car Insurance lapses?

If your Electric Car Insurance lapses, ensure that you renew it as soon as possible. As per Indian law, it is mandated that all Indian vehicles possess at least Third-Party Insurance while driving.

Is it mandatory to buy Electric Car Insurance?

Yes, it is mandatory to buy Third-Party Car Insurance as per the Motor Vehicle’s Act of 1988.

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Electric Vehicles (EVs) have surged in popularity in recent years as a greener and more sustainable mode of transportation. However, as EV ownership grows, it's essential to consider the specific insurance needs that come with these innovative vehicles. In this page, we will explore the key features and benefits of Electric Car Insurance to help you make an informed decision about protecting your investment.

Electric Car Insurance: Features and benefits

Benefits of Electric Car Insurance

You can enjoy the following benefits if you buy Electric Car Insurance from us.

Cost-effective policies

Cost-effective policies

At Shriram General Insurance, we understand that affordability is a key concern for our customers. That's why we take pride in offering cost-effective insurance policies that provide comprehensive coverage without breaking the bank. Our affordable plans are designed to fit your budget while ensuring you have the protection you need for your valuable assets.

Paperless process

Paperless process

We believe in making the insurance process as convenient as possible. With our paperless process, you can bid farewell to the hassle of filling out endless forms and paperwork. Our digital platform allows you to complete your insurance transactions online, from policy purchase to renewals, making the entire process quick and efficient.

Hassle-free claims

Hassle-free claims

When it comes to claims, we understand that you want a hassle-free experience. That's why Shriram General Insurance goes the extra mile. In the event of a claim, we offer a seamless process from start to finish, providing you with personalised assistance every step of the way. Our dedicated claims team is committed to ensuring that your claim is handled efficiently and with the utmost care.

Quick claim settlement

Quick claim settlement

Time is of the essence when you're dealing with a claim. Our fast claim settlement process ensures that you don't have to wait endlessly to get the compensation you deserve. We have streamlined our claims process to make it as quick and efficient as possible, so you can get back to normalcy without unnecessary delays.

Convenient usage

Convenient usage

Car-related emergencies can occur at any time, day or night, including public holidays. At Shriram General Insurance, we provide the convenience of 20/7 claims assistance. You can make a claim at any time that suits you between 4 a.m. and 12 a.m., ensuring that you're always covered when you need it the most. Whether it's at night or during a public holiday, our team is dedicated to being available to assist you whenever the need arises.

Dedicated customer support

Dedicated customer support

Your peace of mind is our priority. Our dedicated customer support team is available between 4 a.m. and 12 a.m. to assist you with any queries, concerns, or assistance you may require. Whether you have questions about your policy, need help with a claim, or simply want to discuss your insurance needs, our team is just a phone call or message away.

At Shriram General Insurance, we're committed to providing not only cost-effective insurance but also a seamless, hassle-free, and customer-centric experience. Our focus is on your convenience and satisfaction, ensuring that you have the best possible Electric Car Insurance coverage and support when you need it.

Features of Electric Car Insurance

The following are some of the key features of Shriram General’s Electric Vehicle Insurance.

Liability coverage:

Liability coverage is a fundamental aspect of any insurance policy, and EV insurance provides it as well. However, what sets it apart is the potential for higher liability limits, ensuring your assets are adequately protected.

Comprehensive protection:

In addition to EV-specific coverage, Electric Car Insurance offers a wide range of protection, including coverage for theft, strikes and natural disasters. This comprehensive protection ensures that your EV is safeguarded in various scenarios.

Add-on Covers:

Shriram General's Car Insurance goes further by offering a range of customisable add-ons, allowing you to tailor your coverage to your specific needs and preferences. However, you can select add-ons only if you buy a Comprehensive Electric Car Insurance Policy.

Personal Accident (PA) coverage:

Our PA Cover provides a lump sum payout of Rs. 15 lakh in the event of an insured's accidental death, offering financial security to the insured’s family during this difficult time. It should be noted that this coverage is required by Indian law.

Frequently Asked Questions (FAQs)

Do you have further questions? Read ahead to learn answers to common questions regarding our Electric Car Insurance.

Can you explain the "hassle-free claims" benefit in more detail?

With our hassle-free claims process, we take care of every aspect of your claim. It involves minimal paperwork, quick response times, and efficient settlement procedures. Our aim is to provide a convenient and stress-free experience for our customers.

How quickly does Shriram General settle claims for Electric Car Insurance Policies?

We understand the urgency of claim settlements. Shriram General is committed to a fast claim settlement process, ensuring that you receive compensation promptly so that you can resume your normal routine without unnecessary delays.

Is claim filing restricted to specific hours, or can I file a claim at any time?

You can file a claim at any time that suits you. Our "convenient usage" feature allows you to make a claim 24/7, whether it's in the middle of the night or during a public holiday. Furthermore, for any assistance, you can contact our dedicated customer support between 4:00 a.m. to 12:00 a.m.

How can I get a quote for Shriram General's Electric Car Insurance?

Getting a quote for our EV Insurance is easy. You can visit our website, use our online quote tool, or contact our customer support team to request a personalised quote tailored to your electric vehicle and insurance needs.

Can you elaborate on the convenience of the "paperless process" and how it simplifies policy management for electric car owners?

Shriram General's paperless process allows policyholders to handle all insurance-related tasks digitally. This includes purchasing and renewing policies, filing claims, and accessing policy documents online. It simplifies policy management by eliminating the need for physical paperwork and streamlines the entire insurance experience.

In this page, we'll walk you through the entire claim process, ensuring that you're well-prepared in case you need to make a claim. Shriram General Insurance (SGI) is your trusted partner in this journey, and we're here to make the claim procedure as smooth as possible. So, let's dive into the world of SGI’s Electric Car Insurance claims.

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If your Electric Vehicle (EV) is unfortunately involved in an accident, don’t panic, we’ve got you covered. Claiming your insurance with us is just three simple steps away.

Get your Shriram Electric Car Insurance Claim Settlement in 3 Simple Steps

  • Step 1
  • Step 2
  • Step 3
Register your Claim

Register your Claim

  • You can register your claim in three easy ways:

    • Visit the Shriram General Insurance website at www.shriramgi.com.
    • Call us at 1800-300-30000 or 1800-103-3009.
    • Use the MYSGI App.
  • Once you do, our customer service team will get in touch with you and guide you through the Electric Car Insurance claim process.
Submit the Required Documents

Submit the Required Documents

  • Motor and chassis number:

    • You can find the motor number on your vehicle's motor, and the last 6 digits of the VIN (Vehicle Identification Number) are the car's unique serial number, known as the chassis number.
  • Police Complaint

    • If applicable, file a complaint with the police, describing the incident. After that, they'll create an FIR report.
  • Accident details:

    Tell us about the accident, including where and how it happened.

  • Vehicle inspection address

    Give us the address where we can inspect your four-wheeler.

  • Accident Date and Time

    Specify when the accident occurred.

Verification and Claim Settlement

Verification and Claim Settlement

Once we verify your documents and complete the necessary processes, we'll start the payment process and send the funds directly to your account after verification.

Benefits of Our Electric Car Insurance Claim Process

The following are the benefits you can enjoy by claiming Electric Car Insurance with us.

Swift claim resolution

We prioritise quick and efficient claim resolution. Our streamlined processes minimise disruptions to your life, ensuring your claims are handled promptly and hassle-free. Count on us for a speedy experience.

Rapid assessment

Our primary focus is swiftly evaluating your claims. We have a dedicated team committed to ensuring thorough and precise processing of your claims.

Customer contentment

Your satisfaction is paramount. We go above and beyond to make you feel valued in our insurance family. Exceeding your expectations is our pride, ensuring your confidence and peace of mind.

Effortless claims process

Dealing with insurance claims can be stressful, which is why our process is designed to be effortless. We've simplified every step from submission to resolution, offering user-friendly procedures and attentive support to guide you through.

Current claim progress

Transparency is core to our service. We believe in keeping you informed. That's why we provide real-time updates on your claim progress, whether it's assessments, documentation, or settlements. It's our commitment to ensure your peace of mind throughout the claims process.

Frequently asked questions

This section covers a few commonly asked questions regarding Shriram General’s Electric Car Insurance claim procedure.

Is filing an insurance claim with Shriram General Insurance a complex process?

Not at all. We've designed our claims process to be effortless. From submission to resolution, we've eliminated unnecessary complexities to provide a straightforward and user-friendly experience.

What support is available during the claims process?

We offer comprehensive support throughout the claims process. Our team is here to guide you every step of the way, ensuring that you have the assistance you need, when you need it.

Can I expect a hassle-free experience when dealing with insurance claims?

Absolutely. We believe that an effortless claims process is essential for your convenience and satisfaction. Our goal is to make your experience as smooth and hassle-free as possible.

How do I initiate a claim with your insurance company?

You can initiate a claim by visiting our website, calling our dedicated phone lines, or using our mobile app. We provide multiple convenient options for you to get started.

Can I track the progress of my claim?

Yes, we prioritise transparency. You can easily track the progress of your claim, including assessment, documentation, and settlement, through real-time updates provided by our team.

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