Policybazaar Unveils Tailored Insurance Plans for Tesla Owners in India

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.

Coverage Options Designed for EVs

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.”

Insurance Plans for Tesla Model Y Rear-Wheel Drive Variant

New India Assurance

• 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

ICICI Lombard

• 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

HDFC Ergo

• 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

Insurance Plans for Tesla Model Y Long Range (All-Wheel Drive)

New India Assurance

• 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)

ICICI Lombard

• 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

HDFC Ergo

• 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 Role in India’s EV Insurance Ecosystem

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.