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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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How To Buy or Renew Electric Car Insurance

  • 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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