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Passenger Bus Insurance
Route bus insurance is a type of commercial vehicle insurance policy to protect Route buses from losses in case of accident, theft, damage due to fire, natural disasters, etc.
Passenger Bus 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 Route Bus Insurance?
Route bus insurance is a type of commercial vehicle insurance policy to protect Route buses from losses in case of accident, theft, damage due to fire, natural disasters, etc. As the safety of students and staff will be of the utmost importance to the bus owner, it is vital to know the different types of insurance available and the benefits of each
Why do you need route bus Insurance?
- Legal Requirement: In most jurisdictions, having valid passanger bus insurance is a legal requirement for operating a passanger bus for purposes. If you do not take it can get you loss the legal requirements in penalties, fines. passanger bus insurance ensures that you meet the legal obligations and maintain the necessary coverage to protect your business.
- Financial Protections: passanger bus insurance provides financial protection for your business in case of accidents, damages, or theft involving your passanger bus . The insurance coverage helps cover the costs of repairing or replacing your passanger bus , as well as any property damage or bodily injuries caused to others in an accident.
- Liability Third party Coverage: passanger bus 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 passanger bus. 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: passanger bus insurance helps ensure the continuity of your business operations. If your passanger bus 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. passanger bus insurance ensures that you meet these contractual obligations, allowing you to maintain business relationships and seize opportunities.
- Protecting Employees and Assets: passanger bus insurance not only covers the passanger bus themselves but also provides protection for your employees and business assets. If your driver is injured in an accident while driving or operating a passanger bus , the insurance can provide coverage for medical expenses, lost wages, and other related costs.
Passanger bus insurance is mandatory for protecting your business, complying with legal requirements, and mitigating financial risks associated with operating passanger bus . 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 passanger bus insurance to customize a policy that suits your specific business needs.
Why choose a Route bus 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 Passanger bus Insurance?
Accident - Damages caused to the Passanger bus in case of an accident.
Theft - Loss or damage to the passanger bus due to theft.
Fire- Damages caused to the passanger bus due to a fire.
Natural Calamities - Damages caused to the passanger bus due to any natural calamity
Personal Accident - If there is an accident of the passanger bus, 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/passangers or any property.
Towing Disabled Vehicles- Any damages caused to the vehicle by the vehicle to the vehicle being towed.
WHY ROUTE BUS INSURANCE IS CRITICAL TO HAVE ALL THE TIME?
Route Bus Insurance or Staff Bus Insurance is important in India as it provide security against any unforeseen misshapen. Also it provides assurance to any damages to vehicle as well as third party losses occurred during an accident.
Most often the Route buses are owned by Route itself or a person can provide a commercial bus to operate for the Route activities only hence requiring a hired driver to drive the vehicle which makes it more important to cover the driver’s insurance as well as students and all third party losses.
THIRD PARTY ROUTE BUS INSURANCE VS COMPREHENSIVE Route BUS INSURANCE
Route buses are one of the most convenient ways of transportation used by the students to commute. The two types of Route bus insurance are listed below:
Comprehensive Route Bus Insurance: Comprehensive Route bus insurance policy is the best for any Route bus as it offers complete protection for any damage or loss incurred to your vehicle as well as protects the interest of the third-party. comprehensive bus insurance is best recommended over third-party liability Route bus insurance.
Third Party Route Bus Insurance: Third Party Insurance provide coverage to the losses occurred to other person or property which was damaged due to the insured vehicle in case of an accident
Key Features of Commercial Vehicle Insurance (Passanger bus 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
