Hyundai IONIQ 5 Car Insurance

Get detailed insights into Hyundai IONIQ 5 car insurance, including policy types, key features, benefits, and the claim process. Ensure optimal protection for your vehicle with the right insurance.
Buy/Renew Hyundai IONIQ 5 Car Insurance
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3 min
06-August-2024
The Hyundai IONIQ 5, a popular compact hatchback, is known for its reliability, efficiency, and affordability. Whether you own a new IONIQ 5 or the classic IONIQ 5 Xing, having the right car insurance is crucial for safeguarding your vehicle against unexpected events. With the appropriate Hyundai IONIQ 5 car insurance, you can drive with peace of mind, knowing you're financially protected from accidents, theft, and other damages.

What is Hyundai IONIQ 5 car insurance?

Hyundai IONIQ 5 car insurance is a specialised policy designed to cover the unique needs of this electric vehicle. It provides financial protection against damages, theft, accidents, and other unforeseen events. Having a dedicated insurance policy for your IONIQ 5 ensures you receive tailored coverage that meets the specific requirements of your vehicle.

Why choose Hyundai IONIQ 5 car insurance?

  • Financial protection: Covers repair or replacement costs in case of accidents, theft, or damage.
  • Legal liability: Protects you from third-party claims arising from accidents.
  • Comprehensive coverage: Offers protection against a wide range of risks.
  • Peace of mind: Provides financial security and reduces worries.
  • Specific coverage for electric vehicles: Many insurers offer specialised coverage for electric cars, including battery protection.

Types of Hyundai IONIQ 5 car insurance policies

There are various types of insurance policies available for the Hyundai IONIQ 5. Understanding the differences can help you choose the best one for your needs.

Insurance typeCoverage details
Comprehensive car insuranceCovers damages to your vehicle, third-party liabilities, theft, natural calamities, and personal accident cover.
Third-party car insuranceCovers damages to third-party property and injuries to third-party individuals.
Own damage car insuranceCovers damages to your vehicle only, excluding third-party liabilities.
Zero depreciation car insuranceProvides full claim amount without considering depreciation on parts.


Key features and benefits of Hyundai IONIQ 5 car insurance

Hyundai IONIQ 5 car insurance offers a range of features and benefits:

  • Comprehensive coverage: Protects against a wide range of risks.
  • Zero depreciation: Full claim amount without depreciation deductions.
  • Battery protection: Coverage for the EV battery, a crucial component.
  • Roadside assistance: Help during breakdowns or emergencies.
  • Cashless repairs: Hassle-free repairs at network garages.
  • Third-party liability: Covers damages to third-party property or injuries.

How to buy/renew Hyundai IONIQ 5 car insurance through Bajaj Finance Insurance Mall

Bajaj Finance Insurance Mall offers a convenient platform for you to buy or renew car insurance plans for your Hyundai IONIQ 5. Choose from plans offered by leading insurance partners and buy the policy in just a few clicks. Here’s how:

Step 1

Click on 'Get Quote' to open the online application form.

Step 2

Enter the vehicle type, car registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the 'Get Quote' button below.

Step 3

Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant car insurance policies. You need to update your current policy expiry date here.

Step 4

Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.

Step 5

Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on 'Proceed'.

Step 6

Enter the vehicle owner's name, date of birth, residential address, and contact number. Also, enter the vehicle engine and chassis number (as mentioned in RC) and previous policy details.

Step 7

Recheck your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, or credit/debit card to complete the application process.

Step 8

That’s it. You have successfully secured your Hyundai IONIQ 5 with a car insurance policy.

Car insurance claim process

Cashless claim process:

A cashless car insurance process simplifies the repair of your Hyundai IONIQ 5 car by eliminating the need for upfront payment at a network garage. Here's a step-by-step guide to the cashless car insurance claim process:

  • Inform your insurance company about the accident or incident through phone, website, or mobile app.
  • Provide all relevant details of the incident to the authorities, particularly if it involves accidents, theft, or fire. File an FIR if required.
  • Take photographs of the damages to your insured car and any bodily injuries sustained immediately after the incident to serve as evidence during the claim process.
  • Find the nearest network garage and take your car there for cashless repairs. If your vehicle is stalled due to damage, contact your insurer for towing assistance.
  • Once at the garage, a surveyor from your insurance company will assess the damage. Ensure you have all necessary documents such as your car registration certificate, driving license, and FIR available for inspection.
  • The surveyor will evaluate the claim amount and prepare a report to submit to your insurer. Your insurer will then either approve or reject the claim based on the surveyor's findings.
  • Upon approval, the network garage will proceed with the repairs. Once the repairs are completed, your insurer will settle the bills directly with the garage.

Reimbursement claim process

The reimbursement claim process requires you to initially pay for the repair bills and later seek reimbursement from your insurer. Below is the reimbursement car insurance claim process for your car:

  • Inform your insurance company about the incident and register your claim.
  • Take your car to a workshop or garage of your choice for repairs.
  • A surveyor appointed by your insurer will assess the damages at the garage.
  • The surveyor will prepare and submit a claim report to your insurer.
  • The garage will repair your car and provide you with a bill, which you will need to pay.
  • Submit the original repair bills along with a claim form to your insurance company.
  • Your insurer will review the repair bills and claim form and reimburse your repair costs accordingly.
Hyundai IONIQ 5 car insurance is vital for protecting your investment in this advanced electric vehicle. With comprehensive coverage options and specialized benefits, you can ensure your IONIQ 5 remains protected against various risks. Stay informed about your insurance policy, renew it on time, and follow the correct claim process to enjoy a hassle-free ownership experience.

Frequently asked questions

What does comprehensive car insurance cover for Hyundai IONIQ 5?
Comprehensive car insurance for Hyundai Grand i10 covers damages due to accidents, theft, fire, natural calamities, and third-party liabilities. It also includes personal accident cover for the driver.

What is a No Claim Bonus (NCB)?
A No Claim Bonus (NCB) is a discount on the insurance premium awarded for every claim-free year. It rewards policyholders for safe driving and not filing any claims during the policy period.

Is roadside assistance included in the policy for Hyundai IONIQ 5?
Yes, many Hyundai IONIQ 5 car insurance policies include roadside assistance, providing help during breakdowns, flat tyres, battery issues, and other emergencies.

How do I make a claim if my car is stolen for Hyundai IONIQ 5?
To make a claim for a stolen Hyundai IONIQ 5, inform the police and your insurer, submit an FIR, fill out the claim form, and provide necessary documents.

Can I transfer my existing policy to a new car?
Yes, you can transfer your existing car insurance policy to a new car by informing your insurer and making necessary adjustments to the policy.

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Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, The New India Assurance Company Limited, Cholamandalam MS General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.

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