Kathmandu. Many insurance companies have taken to the field to attract Tesla owners.
Within days of Tesla’s official entry into India, The Policy Market has launched a special vehicle insurance scheme for Tesla car buyers. Tesla has started booking in India from July 15 and the price of its first car Model Y SUV starts at Rs 59.89 lakh. Delivery of its RWD variant will begin at the end of the third quarter of 2025.
The policy market’s new insurance plans are designed specifically keeping in mind the needs of electric cars such as Tesla. This includes battery protection, technology parts cover and EV specific features. Add-on covers include battery security, zero depreciation, roadside assistance, cover and return-to-invoice.
If a customer buys insurance for the Tesla Model Y with an insured price of Rs 55.95 lakh, the annual premium can range from Rs 40,000 to Rs 2.20 lakh. This will depend on the insurance company and the facilities chosen.
Customers can visit the Policy Bazaar website to compare the insurance of public sector undertakings like HDFC Ergo, ICICI Lamboard, Reliance General and New India Assurance. Also, you can purchase online.
Amit Chhabra, Chief Business Officer, General Insurance, Policy Bazaar, said, “Tesla’s entry marks the beginning of a new era in india’s EV market. Our goal is to make EV insurance simple and affordable. ’
ACKO has partnered with Tesla and has become Tesla’s favorite insurance company. ACKO promises to provide full experience of digital policy and claim processing.
Apart from this, Liberty General Insurance and Zurich Kotak General Insurance have also introduced insurance plans specially designed for electric vehicles. These plans not only cover EV batteries and chargers, but also roadside assistance in case of breakdowns. After Tesla’s entry into India, the market for adaptation products related to EV insurance has been growing rapidly.
