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Mahindra Jeeto Insurance
All owners should have vehicle insurance that complies with the Indian Motor Vehicles Act, 1988. Failing to have an insurance cover is punishable and makes you liable to pay fine or and imprisonment of up to 3 months. There are two types of Mahindra Jeeto insurance.
Mahindra Jeeto 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.
Third Party Mahindra Jeeto Insurance - This is the basic required insurance. Under this cover you can insure all the losses incurred to third-party liabilities. The first party is the vehicle owner, and the second party is the insurance company. Third party is anyone who is injured/died or whose property is damaged due to your vehicle. Third party Mahindra Jeeto insurance covers all the aspects of third party.
Mahindra Jeeto Comprehensive Insurance - A comprehensive insurance is a complete package that covers the Mahindra Jeeto with a required all-rounded safety. This gives you more assurance than third-party insurance. It covers both third-party and damage to your vehicle. Hence your Mahindra Jeeto will always be protected for any damages to it or in case of a total loss of your vehicle, the Indian requirements. With add on you can also have personal accident cover with comprehensive Mahindra Jeeto insurance.
What is Covered Under the Plan of Mahindra Jeeto Insurance
- Loss due to fire, self-ignition, lightning, explosions or an act of terror
- Loss due to natural calamities like earthquake, storms, hurricane, tsunami etc
- Loss due to accidents like road rail inland waterways lift elevator
- Third-party liabilities
- Loss due to theft or burglary housebreaking
Choose Policy Legit to buy Mahindra Jeeto insurance online.
What is Not Covered Under the Plan of Mahindra Jeeto Insurance?
The Mahindra Jeeto insurance does not cover regular wear and tear electric or mechanical issues
- Driving without a valid driving license
- Purposely inflict damage
- Damage to tyres
- Vehicle used for some illegal purpose
- Loss incurred after the lapse of insurance policy
- Driving under the impact of intoxicants such as alcohol and drugs
- Used outside the Geographical limits
Add on Available with Mahindra Jeeto Insurance
Following are the add ons you can choose for your Jeeto insurance online –
Zero Depreciation Cover
With Mahindra Jeeto insurance you can choose zero depression cover that means that in case your insured vehicle gets damaged in the accident, the insurance provider would compensate you with the entire cost.
To get the claim settlement without any depreciation at the time of claim it is advisable to opt for Zero Depreciation cover. Mahindra Jeeto insurance with this add-on covers the depreciation by insurers at the time of claim and can help you save a lot of amount payable to the dealer in case you raise any claims.
Zero depreciation cover is available upto 5 years mostly but some insurers such as Tata AIG general insurance company and IFFCO general insurance company also offer zero depreciation plans upto 7 years.
IMT23 Coverage
Under the comprehensive insurance, items like bumper, headlights, fender, bonnet parts, tyre tubes, painting, etc. are not covered. IMT23 coverage provides cover for all those excluded items.
Personal Accidents cover
It provides cover to conductor/cleaner/coolie and/or owner-driver as per what you choose according to terms and conditions of the policy.
The price of insurance for a Mahindra Jeeto (a small commercial vehicle) is determined by several factors. These factors are typically considered by insurance companies to assess the risk associated with the vehicle and the driver. Here are the key factors that can influence the price of Mahindra Jeeto insurance:
Factors Affecting Mahindra Jeeto Insurance Price Online
Insurance Coverage Types - The type of insurance affects the price. Comprehensive Mahindra Jeeto insurance coverage covers both your vehicle damage and third-party problems regarding injury to others or damage to their property. This costs more.
Third-party coverage covers only the damage caused to other parties and is further cheaper than comprehensive coverage.
Non Claim Bonus (NCB) - NCB helps you get cheaper Mahindra Jeeto insurance when you don't make any claims. If you’ve made insurance claims before, you can get a No Claim Bonus that reduces your premium cost.
Insurer’s Policies - Different insurance companies have varying rates, which further depends on their policies and claims history itself. As per industry practice, some insurance companies offer special discount packages regarding commercial vehicles like the Jeeto.
Fuel Type - The fuel type can further affect the premium amount of Mahindra Jeeto insurance online. Diesel cars only get higher insurance rates because they make more pollution and create environmental problems in some areas.
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
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- Tractor Insurance
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- Goods Carrying Vehicle Insurance
- Passenger Carrying Insurance
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- E-rickshaw Insurance
- Bus Insurance
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