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Tata Dumper Insurance
Truck insurance is same as commercial truck insurance and lorry insurance, pick up insurance is a specialized type of insurance coverage. It provides protection for your commercial vehicle such as those involved in transportation, logistics, delivery services, and construction.
Tata Dumper 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.
Tata Dumper/Tipper Insurance
Truck insurance is same as commercial truck insurance and lorry insurance, pick up insurance is a specialized type of insurance coverage. It provides protection for your commercial vehicle such as those involved in transportation, logistics, delivery services, and construction. Truck insurance typically includes coverage options such as liability coverage for property damage and bodily injury, physical damage coverage for the truck itself, cargo insurance for transported goods, and additional coverage options tailored to the specific needs of the business. Obtaining truck insurance is essential to mitigate risks, comply with legal requirements, and protect businesses from financial losses associated with accidents.
What's covered in Commercial Tata Dumper and Tipper insurance?
Accident - Damages caused to the commercial Truck in case of an accident.
Theft - Loss or damage to the commercial Truck due to theft.
Fire- Damages caused to the commercial Truck due to a fire.
Natural Calamities - Damages caused to the commercial Truck due to any natural calamity
Personal Accident - If there is an accident of the commercial Truck, leading to an injury or death of the owner or paid driver.
Third Party Losses - Any damages caused by the commercial vehicle to a third party person or any property.
Towing Disabled Vehicles- Any damages caused to the vehicle by the commercial vehicle to the vehicle being towed.
What's covered in Commercial Tata Dumper and Tipper insurance?
Tata dumper and tipper are a vital part of the Indian goods transfering vehicles.
We analyzed over a dozen companies to determine the top Bolero Pickup Insurance Companies based on factors including coverage selections, unique features, and coverage. These are our recommended insurance companies, whether you own a individual bus or a whole fleet of them:-
- RELIANCE GENERAL INSURANCE– Reliance is one of the leading general insurance companies in India. They have huge customer base that includes individuals like you, corporates and SMEs. With 139 offices and more than 28,900+ intermediaries across India, you can easily reach out and enjoy their services at your own convenience. It is also Economic Time’s Best Brands for the Year 2020.
- ICICI LOMBARD GENERAL INSURANCE– ICICI Lombard GIC Ltd. is one of the leading private sector general insurance companies in India with a Gross Written Premium (GWP) of ₹135.92 billion for the year ended March 31, 2020. The company issued over 26.2 million policies and settled over 1.86 million claims as of March 31, 2020.
- TATA AIG GENERAL INSURANCE– Tata AIG General Insurance Company Limited is a joint venture between the Tata Group and the American International Group (AIG). It has an Asset Under Management (AUM) of approx. ₹14,295 Cr (as of September 30, 2020) and a workforce of about 6220 employees present in 200 branches across India.
- SHRIRAM GENERAL INSURANCE- Shriram General Insurance was started as a joint venture between Shriram Capital Ltd. and Sanlam Limited (South Africa), established in 1918 and the Group demutualized in 1998. As of September 2012, the stake of Sanlam Limited (South Africa) has been transferred to Shriram Capital Ltd. The Group’s vision is serving the underserved and creating value at the bottom of the Pyramid. SGI has also been awarded the “Excellence In Growth Award” for 2 consecutive years (2011 & 2012)
- CHOLAMANDALAM GENERAL INSURANCE- Chola MS General Insurance Company Limited is a Joint Venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan. In FY 2020-21, the company achieved a Gross Written Premium (GWP) of ₹43,882 million. Chola MS currently has 132 branches and over 50,000 intermediaries across the country. Chola MS has also been recognized as The Economic Times Best Brands 2020.
- ROYAL SUNDARAM GENERAL INSURANCE- Royal Sundaram General Insurance Co. Limited, is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory and Development Authority of India. It has over 2000 employees with 158 branches across India and its products are distributed through various channels, agents, distribution partners, affinity partners, brokers and online. It is also the first insurer to introduce in-house Motor Assessors (IMAs).
- IFFCO TOKIO GENERAL INSURANCE- IFFCO -Tokio has extensive operations in rural areas and second, third and fourth-tier cities. It is the first private insurance company to establish Bima Kendras (single operation centers), increasing the insurance penetration rate in rural areas to customer’s doorsteps.
- HDFC ERGO GENERAL INSURANCE– HDFC ERGO has been presented an award by ICAI for Excellence in Financial Reporting 2015- 16 under Category IV. It is the 2nd consecutive year, the 4th time of their journey, that they have been awarded for excellence in financial reporting. It is the only award presented in the non-life category this year.
- GODIGIT GENERAL INSURANCE– Go Digit General Insurance Limited was founded in 2016 and is headquartered in Bengaluru, India. Fairfax, a financial holding firm located in Toronto, Canada, has funded Go Digit. Go Digit talks about delivering simplified general insurance solutions to all of its clients and they are on a quest to make the entire insurance experience, from purchasing to filing claims, simpler and easier.
- SBI GENERAL INSURANCE– SBI General Insurance has operations in more than 23,000 National Bank Group branches and more than 5,500 Regional Rural Banks (RRB). The company’s current geographic coverage covers more than 110 cities in India and operates in more than 350 locations through satellite resources.
These top insurance carriers on our list all provide alternatives for insurance coverage, but each firm offers a somewhat different solution. Our professionals would be delighted to accommodate you over the phone to help you determine what is ideal for you, allowing you to pick tailor-made coverage for your Bolero pickup and assure the best prices.
Is Tipper Insurance important?
Yes, commercial vehicle insurance is important for several reasons:
Legal requirement: In many jurisdictions, having commercial vehicle insurance is a legal requirement for vehicles used for business purposes.
Financial protection: Without insurance, businesses would be responsible for bearing these costs out of pocket, which could be financially burdensome or even result in significant losses.
Liability coverage: Accidents involving commercial vehicles can lead to property damage, bodily injuries, or legal claims from third parties. Commercial vehicle insurance offers liability coverage, protecting businesses from potential lawsuits and the associated costs of legal defense or settlement.
Business continuity: If a business heavily relies on its vehicles for operations such as transportation, delivery, or service provision, any disruption or loss of these vehicles can significantly impact the business's continuity. Commercial vehicle insurance helps minimize downtime by providing coverage for repairs, replacements, or temporary vehicle rentals, allowing businesses to resume operations more quickly.
Customized coverage: Commercial vehicle insurance offers tailored coverage options that cater specifically to the risks associated with commercial vehicle use. This ensures that businesses have the appropriate protection for their unique needs, which may not be adequately addressed by personal auto insurance policies.
Peace of mind: Having commercial vehicle insurance provides peace of mind to business owners and operators, knowing that they are protected financially in case of unforeseen events or accidents involving their vehicles. This allows them to focus on their core business operations without constant worry about potential financial liabilities.
Overall, commercial vehicle insurance is important as it helps businesses comply with legal requirements, protects them financially, safeguards against liability claims, ensures business continuity, provides tailored coverage, and offers peace of mind. It is a crucial component of risk management for businesses that utilize vehicles for their operations.
How to choose the right Commercial Vehicle Truck Insurance online?
Choosing the right commercial vehicle insurance online requires careful consideration and evaluation of your business needs. find below some steps to help you in this.
Right Insured Declared Value (IDV): IDV is the value of your vehicle you want to insure, all premiums are dependent on the IDV only while buying or looking for commercial vehicle insurance online or offline please make sure that your IDV is stated correctly.
Service Benefits: Consider services such as 24x7 Customer Support and a Wide Network of Cashless Garages, among others. In times of need, these services matter.
Review Add-Ons: While purchasing the right commercial insurance for your vehicle, consider the add-ons available to ensure maximum benefits.
Claim Speed: It’s the most important aspect of any insurance. Pick an insurance company you know will settle claims quickly.
Best Value: From the right premium and after services to claim settlements and add-ons; pick a motor insurance that conveniently covers everything you think you will need at the best possible value.
Business requirements: Understand your specific business needs and the nature of vehicle usage. Consider factors such as types of vehicle,
Research insurance providers: Look for reputable insurance companies that offer commercial vehicle insurance considering their experience, financial stability, customer reviews, and the range of coverage options they provide.
Compare coverage options: Review the coverage options offered by different insurance providers. Evaluate the types of coverage available, such as liability third party coverage, own damage coverage, comprehensive coverage. depends on each option that aligns with your business requirements.
Evaluate policy features and exclusions: Carefully review the policy features and any exclusions that may apply. Pay attention to deductibles, limits of liability, additional benefits, and any limitations on coverage. Ensure that the policy meets your specific needs and provides adequate protection.
Get multiple quotes: Request quotes from multiple insurance providers to compare prices and coverage. Online insurance comparison websites can be useful in obtaining multiple quotes from different insurers in a convenient manner.
Check for discounts: Inquire about any available discounts that can help reduce premiums. Many insurers offer discounts based on factors such as a good driving record, vehicle safety features, fleet size, or buying multiple fleet policies.
Review customer support and claims process: Consider the quality of customer support provided by the insurance company. Check their reputation for handling claims efficiently and providing prompt assistance when needed.
Read and understand the policy documents: Carefully read the policy documents and any terms and conditions associated with the coverage. Ensure that you fully understand what is covered, any limitations, the claims process, and any obligations or responsibilities you have as the policyholder.
Seek professional advice if necessary: If you have complex insurance needs or are unsure about certain aspects, consider consulting an insurance broker or agent who specializes in commercial vehicle insurance. They can provide expert advice and help you navigate the options available
Make an informed decision: After considering all the factors above, make a well-informed decision based on your evaluation of the coverage, pricing, reputation, and suitability of the insurance provider.
Remember, choosing the right commercial vehicle insurance is essential for protecting your business, assets, and employees. Take your time, compare options, and ensure you have the coverage that meets your specific requirements.
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
