Policybazaar has launched specialised electric vehicle insurance policies tailored for Tesla owners in India. This development follows Tesla’s official entry into the Indian market with the Model Y electric SUV. Policybazaar, as the official insurance partner of Tesla in India, offers multiple plan options in collaboration with leading insurers such as HDFC Ergo, ICICI Lombard, Reliance General Insurance, and New India Assurance.
The plans are designed to meet the unique needs of electric vehicles, including features like:
Battery Protection Cover
24×7 Roadside Assistance
Zero Depreciation
Consumables Coverage
Return to Invoice Protection
According to Amit Chhabra, Chief Business Officer – General Insurance, Policybazaar.com, “Tesla’s arrival marks a new chapter for India’s EV journey. With increasing adoption of electric mobility, we aim to make EV insurance more efficient and customer-friendly by offering tailor-made plans for Tesla owners.”
Insured Declared Value (IDV): ₹55,94,550
Premium: ₹73,714 (including 18% GST)
Features:
Zero depreciation
Accidental damage cover (1 year)
Theft, natural calamities, man-made damage
Third-party cover (3 years)
Fire and explosion protection
24×7 roadside assistance
Cashless repairs at 65 garages
95% claim settlement rate
IDV: ₹55,94,550
Premium: ₹1,21,186
Additional Benefits:
5-day repair guarantee
Repair warranty
Free pick-up & drop
Free car wash & cabin vacuum
93 cashless garages
IDV: ₹52,85,582
Premium: ₹2,70,408
Key Features:
99% claim settlement rate
Spot claims up to ₹20,000
Overnight repair service
76 cashless garages
IDV: ₹64,49,550
Premium: ₹81,200
Benefits:
Zero depreciation
Zero paperwork claims (up to ₹1 lakh)
Self-video claim support
24×7 roadside assistance
74 cashless garages (Delhi NCR)
IDV: ₹64,49,550
Premium: ₹1,35,935
Included Services:
Free pick-up & drop
Free garage services
Repair guarantee
Paperless & self-video claims
93 cashless garages
IDV: ₹59,91,621
Premium: ₹3,03,233
Top Features:
99% claim settlement
Spot claims up to ₹20,000
Overnight repairs
76 cashless garages
Policybazaar’s exclusive Tesla-specific plans highlight its commitment to the electric mobility revolution in India. With Tesla Model Y variants priced between ₹59.89 lakh and ₹67.89 lakh (ex-showroom), the insurance aggregator is making tailored, feature-rich insurance more accessible for EV customers.
Tesla owners can compare plans online, understand the features that best suit their usage, and benefit from a seamless claims experience backed by reputed insurers.
Conclusion
Policybazaar’s launch of customised insurance plans for Tesla owners marks a significant step forward in India’s evolving electric vehicle (EV) ecosystem. By partnering with top insurers like HDFC Ergo, ICICI Lombard, Reliance General, and New India Assurance, Policybazaar is offering tailored, comprehensive coverage suited to the unique needs of Tesla vehicles. With features such as zero depreciation, roadside assistance, battery protection, and return-to-invoice cover, Tesla customers now have access to competitive and convenient insurance solutions. As Tesla accelerates its India expansion, Policybazaar’s EV-focused insurance offerings are poised to support and safeguard the growth of electric mobility in the country.