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Auto Rickshaw Insurance
Auto rickshaw insurance is same as Auto rickshaw insurance, It provides protection for your vehicle such as those involved in transportation, logistics, delivery services, and construction.
Auto Rickshaw Insurance Plans#1
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Claim Benefits
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
#1 Rs 5773/- per annum is the price for third-party commercial vehicle insurance for Mahindara Alfa PAX DX registration year 2020. The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. The comprehensive commercial vehicle insurance prices mentioned above are for a 5 year Mahindara Alfa PAX DX registration year 2020. These quotes are from mentioned from lowest to highest price. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
#1 Rs 5773/- per annum is the price for third-party commercial vehicle insurance for Mahindara Alfa PAX DX registration year 2020. The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. The comprehensive commercial vehicle insurance prices mentioned above are for a 5 year Mahindara Alfa PAX DX registration year 2020. These quotes are from mentioned from lowest to highest price. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
What is Commercial Vehicle Insurance?
A Commercial Vehicle Insurance is a motor insurance policy to cover for damage and loss caused to and by a commercial vehicle. Owner of the vehicle and driver who drives the vehicle. This could include damage and losses in situations as accident, collisions, fires, theft, natural calamities, etc. it is mainly for all type of business to buy a commercial vehicle insurance for their vehicles, such as for auto rickshaws, cabs, pickups, trucks, tractors, school buses, commercial vans, jcb, harvester and amongst other.
What is Auto rickshaw Insurance?
Auto rickshaw insurance is same as Auto rickshaw insurance, It provides protection for your vehicle such as those involved in transportation, logistics, delivery services, and construction. Auto rickshaw insurance typically includes coverage options such as liability coverage for property damage and bodily injury, physical damage coverage for the Auto rickshaw itself, cargo insurance for transported goods, and additional coverage options tailored to the specific needs of the business. Obtaining Auto rickshaw insurance is essential to mitigate risks, comply with legal requirements, and protect businesses from financial losses associated with accidents.
Why do you need Auto rickshaw Insurance?
- Legal Requirement: In most jurisdictions, having valid Auto rickshaw insurance is a legal requirement for operating a Auto rickshaw for purposes. If you do not take it can get you loss the legal requirements in penalties, fines. Auto rickshaw insurance ensures that you meet the legal obligations and maintain the necessary coverage to protect your business.
- Financial Protections: Auto rickshaw insurance provides financial protection for your business in case of accidents, damages, or theft involving your Auto rickshaws. The insurance coverage helps cover the costs of repairing or replacing your Auto rickshaws, as well as any property damage or bodily injuries caused to others in an accident.
- Liability Third party Coverage: Auto rickshaw insurance includes liability third party coverage, which protects your driver and other person with business from potential legal claims and lawsuits resulting from accidents involving your Auto rickshaws. If your driver causes an accident and causes bodily injury or property damage to another party, the liability insurance coverage can help you cover the legal expenses, settlements, or judgments that may arise.
- Business Continuity: Auto rickshaw insurance helps ensure the continuity of your business operations. If your Auto rickshaws are damaged or out of service due to accidents or other covered events, insurance coverage can assist in repairing or replacing the vehicles
- Compliance with Contracts and Requirements: Many contracts and agreements with clients, vendors, or business partners may require you to have specific levels of insurance coverage. Auto rickshaw insurance ensures that you meet these contractual obligations, allowing you to maintain business relationships and seize opportunities.
- Protecting Employees and Assets: Auto rickshaw insurance not only covers the Auto rickshaws themselves but also provides protection for your employees and business assets. If your driver is injured in an accident while driving or operating a Auto rickshaw, the insurance can provide coverage for medical expenses, lost wages, and other related costs.
Auto rickshaw insurance is mandatory for protecting your business, complying with legal requirements, and mitigating financial risks associated with operating Auto rickshaws. if it is there when you run your vehicle with liabilities'. It's important to work with insurance professionals or insurance providers who specialize in Auto rickshaw insurance to customize a policy that suits your specific business needs.
Why choose a Auto rickshaw Insurance Policy from policylegit.com?
- Usually online policies are often 30% to 80% cheaper than the offline agent policy and plans. This is because insurance companies are able to reduce their overheads and eliminate agents’ commission while selling online policy. Also from us you can directly compare insurance plans according to your requirement and get the best offer with saving your money.
What's covered in Auto rickshaw Insurance?
Accident - Damages caused to the Auto rickshaw in case of an accident.
Theft - Loss or damage to the Auto rickshaw due to theft.
Fire- Damages caused to the Auto rickshaw due to a fire.
Natural Calamities - Damages caused to the Auto rickshaw due to any natural calamity
Personal Accident - If there is an accident of the Auto rickshaw, leading to an injury or death of the owner or paid driver.
Third Party Losses - Any damages caused by the
vehicle to a third party person or any property.
Towing Disabled Vehicles- Any damages caused to the vehicle by the vehicle to the vehicle being towed.
Add-ons available with Auto rickshaw Insurance
NOTE :- Below add-on covers only avail when Opted while buying the policy.
Breakdown Assistance – commonly known as Roadside Assistance-
In this Feature whenever you face a breakdown of your vehicle on the road, due to an accident, flat tires, malfunctioning battery, or more, with selected insurer (If opted) breakdown assistance add-on, you can get the benefit of getting assistance 24x7.
Loss of Revenue-
For many, vehicles are essential for work. This add-on helps to compensate you for any loss of Personal belonging income that could occur while your vehicle is not available when it’s being repaired due to damages.
Additional Towing Expenses-
Any damages caused to the vehicle by the vehicle to the vehicle being towed.
When your vehicle is in an accident, if not in condition it will need to be towed to a garage to be repaired. Under this add-on, the insurer will cover for additional expenses that you might have while your vehicle is being moved from the spot of accident to the nearest garage or place of safety.
Additional Coverages Endorsements Available
Personal Accident Cover -
If you don’t have a Personal accident cover (PA cover), you can include it within your commercial insurance policy plan as having a personal accident cover is mandatory by law. This provides coverage for bodily injury in partially or permanent disability or death of the owner-driver in case of an unfortunate accident.
Legal Liability-
This cover has you protected against any legal liability that arises against you due to an injury caused to your employees / someone who works for you.
IMT 23-
This cover helps cover for losses or damages to lamps, tyres, tubes, mudguards, bonnet, side part bumpers, headlights and paintwork in all cases, even if the vehicle is partially damaged.
Electrical Accessories-
This cover is for those who have fitted any electrical accessory in their vehicle, which is outside fitted and not a part of manufacture, this will cover those accessories.
Non-Electrical Accessories-
If you’ve fitted any non-electrical accessory in your vehicle which is not a part of the manufacturer’s model, this cover helps cover for those accessories during damages and losses.
Special Exclusions & Compulsory Deductibles-
On every loss there will be a certain amount which you will have to pay as your share of the loss called the compulsory deductible. This will help you reduce your premium when buying the policy. This will also cover the loss or damage to lamps, tyres, tubes, mudguards, bonnet, side part bumpers, headlights and paintwork if your vehicle is completely damaged.
Key Features of Commercial Vehicle Insurance (Auto rickshaw Insurance)
|
Key Features |
Benefit |
|
|---|---|---|
|
Damages to Third-Party |
Unlimited Liability for Personal Damages, Up to 7.5 Lakhs for Property/Vehicle Damages |
|
|
Additional Coverage |
PA Covers, Legal Liability Cover, Special Exclusions and Compulsory Deductibles, etc |
|
|
Premium |
Customised as per type of commercial vehicle & number of vehicles to be insured |
|
Liability Only |
Standard Package |
|
|---|---|---|
|
If any damages caused by your commercial vehicle to any third-party person or property |
Yes |
Yes |
|
If any damages caused to any third-party person or property by the vehicle being towed by your insured commercial vehicle |
Yes |
Yes |
|
Loss or damages to own commercial vehicle due to natural calamities, fire, theft or accidents. |
No |
Yes |
Commercial Vehicle Insurance
Commercial vehicle insurance is a type of vehicle insurance policy, giving financial protection to commercial vehicles like trucks, tractors, buses, auto-rickshaws, and others. It covers losses or damages caused to the insured CV due to accident, theft, fire, natural calamities, etc. It also gives financial coverage to third parties involved in accidents for injury, property damage or even death, loss or damage caused by natural calamities, fire, man-made disasters, theft, etc.
Why do you Need Commercial Vehicle Insurance?
Some of the reasons to buy a commercial vehicle insurance policy are given below:
- Legal Obligation: As per the Motor Vehicle Act, third-party commercial vehicle insurance is mandatory to drive any commercial vehicle in India.
- Financial Security: Commercial vehicle insurance also protects your vehicle and business against any adverse situations that may cause a huge financial drain. It also saves you from monetary losses that occur due to unanticipated events, thus giving you a peace of mind alongside financial protection. Commercial vehicle insurance further covers losses occurring to any third party.
Key Features of Commercial Vehicle Insurance
A commercial vehicle insurance policy comes loaded with some salient features. Some of them are mentioned below:
- Comprehensive coverage is provided to both public and private carriers, including special types of goods-carrying vehicles.
- A commercial vehicle insurance plan also covers third party liabilities and provides monetary compensation in case of any injury or an accident.
- A separate mandatory Personal Accident (PA) Cover is also offered to cover the death or bodily injuries of the driver and the owner.
Types of Vehicles insured in Commercial Vehicle Insurance Policy
Commercial vehicles are an essential mode of transportation and are heavy-duty vehicles used daily to carry out tasks. Some of the most common commercial vehicles are:
- Trucks
- Vans
- Trailers
- Buses
- Taxies
- Coaches
- Carriers
- Shovels
- Tractors
- Cranes
- Mobile rigs
- Bulldozers
These commercial vehicles transport goods within the city/cities and from one state to another, as well as for intercity passenger tours and travel.
Types of Commercial Vehicle Insurance Policies
Majorly two types of commercial vehicle insurance policies are offered in India. These include:
Third Party (TP) Liability Commercial Vehicle Insurance Policy
The Indian Motor Vehicle Act of India has mandated commercial vehicle owners to purchase at least a third-party (TP) liability insurance. A TP policy protects damages caused to any third party property or person. It also provides financial coverage for third party injuries or deaths and also compensates for third-party property damage caused due to the insured commercial vehicle. Since commercial vehicles are heavy-duty vehicles carrying goods that increase their weight, covering them under third party commercial vehicle insurance is an utmost priority.
Comprehensive Commercial Vehicle Insurance Policy
Comprehensive commercial vehicle insurance offers an enhanced protection to your vehicle under any unforeseen circumstances. A comprehensive plan provides protection not only against third party liabilities but also your own commercial vehicle from uncertainties such as accidental damages, fire, theft, flood, earthquake, etc.
Coverage Under Commercial Vehicle Insurance
- Losses due to riots, strikes, natural calamities such as earthquakes, hurricanes, cyclones, etc, are covered
- Damages to the vehicle arising out of fire, self-ignition and explosion
- Partial or total loss to the insured vehicle due to theft, housebreaking, and burglary
- Loss or damage caused to the third-party property, vehicle, bodily injuries and death of the third person.
- Damages arising out of road accidents or collisions are also covered.
- Wear and tear/depreciation of the commercial vehicle.
- Losses incurred during a civil war, nuclear perils.
- Contractual liabilities of the owner/driver of the insured commercial vehicle are also not covered.
- The occurrence of an accident while driving with an invalid driving license or under the consumption of alcohol.
- Using a vehicle in accordance with 'limitations as to use', for instance, a private car is used as a taxi.
- Electrical and mechanical breakdown, breakage or failure of the insured vehicle.
List of Commercial Vehicle Insurance Companies in India 2025
Following is the list of general insurance companies that offer commercial vehicle insurance:
| Insurer Name | Passenger Carrying Vehicle Insurance | Goods Carrying Vehicle Insurance | Miscellaneous Vehicle Insurance |
| Bajaj Allianz Commercial Vehicle Insurance | No | Yes | No |
| Godigit Commercial Vehicle Insurance | Yes | Yes | Yes |
| New India Assurance Commercial Vehicle Insurance | Yes | Yes | No |
| Reliance General Commercial Vehicle Insurance | Yes | Yes | Yes |
| SBI General Commercial Vehicle Insurance | Yes | Yes | Yes |
| Shriram General Commercial Vehicle Insurance | Yes | Yes | No |
| United India Commercial Vehicle Insurance | Yes | Yes | No |
| Zuno Commercial Vehicle Insurance | Yes | Yes | No |
*Disclaimer: The table mentioned above is according to the alphabetical order of the insurance company. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Frequently asked Questions for Commercial Vehicle Insurance
What is the difference between Comprehensive and Third-party policy in Commercial Vehicle Insurance?
A third party insurance covers in commercial vehicle insurance only paid drivers, owner drivers if opted and to others who got injured or damaged from your vehicle like human or property.
What is a Passenger carrying vehicle?
Commercial passenger carrying vehicles help people transport from one place to another. Examples of this include public and school buses, cabs and taxis.
What is a Goods carrying vehicle?
Goods carrying vehicle is used to carry goods to transport from one place to another, it can be private use for business or public goods such as Pick-up trucks and lorries.
What is considered a miscellaneous and special vehicle category?
Vehicle is not used for passenger and goods carrying like crane and tractor and harvester like all machines considered under this category.
What should I do if my commercial vehicle gets into an accident?
You can directly call in the emergency number if any injury or in damaged condition you can call to the insurer contact number mentioned on your policy paper.
Where can I repair my commercial vehicle in case of damages?
Either you can go anywhere if you do not want any cashless facility or you can go to the insurer tie-up service centre where you can get cashless service and get your vehicle.
Explore More Under Commercial Vehicle Insurance
- Commercial Vehicle Third Party Insurance
- Commercial Vehicle Insurance Companies
- Tractor Insurance
- Truck Insurance
- Pick Up Van Insurance
- School Bus Insurance
- Goods Carrying Vehicle Insurance
- Passenger Carrying Insurance
- Auto-Rickshaw Insurance
- E-rickshaw Insurance
- Bus Insurance
- Tempo Traveller Insurance
- Trailer Insurance
- Tipper Insurance
- Heavy Truck Insurance
- Tanker Insurance
- Bulker Insurance
- Taxi Insurance
Tata Ace Insurance
