Mahindra E Verito Car Insurance

Safeguard your Mahindra E Verito with the right insurance coverage. Explore comprehensive information on Mahindra E Verito car insurance, including benefits, claim process, and more.
Buy/Renew Mahindra E Verito Car Insurance
Get Quote
3 min
12-August-2024
The Mahindra E Verito is an eco-friendly electric sedan designed for urban commuting with zero emissions. As a pioneer in the Indian EV market, it’s important to protect your Mahindra E Verito with comprehensive car insurance. Car insurance not only covers damages due to accidents but also provides financial protection against theft, natural calamities, and third-party liabilities. A robust insurance policy ensures peace of mind while you enjoy the benefits of electric mobility.

What is Mahindra E Verito car insurance?

Mahindra E Verito car insurance is tailored to meet the unique needs of this electric vehicle. The policy covers a range of risks, including accidental damage, theft, fire, and third-party liabilities. Additionally, it provides coverage for specific electric vehicle components like the battery and charging equipment, ensuring that your vehicle is fully protected.

Why choose Mahindra E Verito car insurance?

Choosing Mahindra E Verito car insurance ensures that you receive coverage specifically designed for electric vehicles, addressing the unique risks associated with EVs. Here are some reasons to consider:

  • Comprehensive protection: Coverage for both standard and EV-specific damages.
  • Battery and charging equipment coverage: Protection for essential EV components.
  • Environmental benefits: Supports your commitment to sustainability by ensuring your EV is adequately protected.
  • Third-party liability: Covers damages to third-party property or injury caused by your vehicle.

Types of Mahindra E Verito car insurance policies

There are different types of car insurance policies available for the Mahindra E Verito:

Insurance TypeCoverage Details
Third-party liabilityCovers third-party injury, death, or property damage.
Own damage insuranceCovers damages to your vehicle due to accidents, fire, or theft.
Comprehensive insuranceIncludes third-party liability and own damage, theft, natural disasters, and fire.
Personal accident coverProvides coverage for medical expenses in case of an accident.


Key features and benefits of Mahindra E Verito car insurance

Here are some key features and benefits of opting for Mahindra E Verito car insurance:

  • Customised EV coverage: Tailored to protect electric vehicle components.
  • Cashless claims: Access to a wide network of cashless garages.
  • Zero depreciation cover: Get full claim amount without factoring in depreciation.
  • 24/7 roadside assistance: Help is just a call away in case of breakdowns.

Car insurance add-ons you can consider

Additional coverage options, known as add-ons, can be purchased alongside a comprehensive car insurance policy for your Mahindra E Verito. Here are some of the add-ons available for purchase:

  • Zero depreciation cover: Ensures full reimbursement for repairs without factoring in depreciation during claim settlements.
  • Engine protection cover: Provides coverage for the repair or replacement of the engine in the event of damages caused by accidents or water ingression.
  • Roadside assistance: Offers aid in emergencies such as breakdowns, flat tires, fuel shortages, or towing services.
  • Return to invoice: Guarantees reimbursement of the invoice value of your car in case of theft or total loss.
  • Personal accident cover: Extends coverage to passengers in the vehicle, providing financial protection in case of accidents resulting in death or disability.
  • No-Claim Bonus protection: Safeguards your accumulated no-claim bonus in the event of a claim, allowing you to retain the discount on your premium.
  • Consumables cover: Covers the cost of consumable items such as engine oil, coolant, nuts, bolts, etc., during repairs.
  • Key replacement cover: Provides coverage for the replacement cost of lost or stolen car keys, including locksmith charges.
  • Invoice price cover: Ensures reimbursement of the invoice price of your car in case of total loss or theft, including registration and road tax.

Car insurance claim process

Cashless claim process:

A cashless car insurance process simplifies the repair of your Mahindra E Verito 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.Top of Form

Documents required in the claims process

Here is the list of documents you may need while filing a claim for your car insurance policy:

  • Copy of the registration certificate (RC) of your vehicle
  • Copy of your driving licence
  • Policy document
  • Description of the incident and photographs of the vehicle (if possible)
  • First Information Report (FIR) in case of theft, injuries to any third party or damage to their property
  • The original keys to the vehicle
  • RTO transfer papers duly signed with Form 28, Form 29 and Form 30
  • No Trace Report from the police in cases of theft of the vehicle
  • The original bills for the repairs of the car to claim the four-wheeler insurance policy
Note: Check with your insurer in case you require more documents depending on the nature of the claim.

Securing Mahindra E Verito car insurance is essential for safeguarding your investment in an electric vehicle. From comprehensive coverage to specialised add-ons, choosing the right policy ensures your vehicle remains protected from unforeseen risks. Renewing your policy on time and understanding the claim process further solidifies your protection, allowing you to drive with confidence and peace of mind.

Frequently asked questions

What does comprehensive car insurance cover for Mahindra E Verito?
Comprehensive car insurance for Mahindra E Verito covers damages from accidents, theft, fire, natural disasters, and third-party liabilities. It also includes coverage for the battery and charging equipment specific to electric vehicles.

What is a No Claim Bonus (NCB)?
A No Claim Bonus (NCB) is a discount on the premium provided by the insurer for each year you do not make a claim on your policy. It can significantly reduce your premium over time.

Is roadside assistance included in the policy for Mahindra E Verito?
Yes, many Mahindra E Verito car insurance policies include roadside assistance, which offers help in case of a breakdown, flat tyre, or battery issues.

How do I make a claim if my car is stolen for Mahindra E Verito?
In the event of theft, you should file an FIR with the local police, notify your insurer, and submit all necessary documents, including the FIR, policy details, and a claim form. The insurer will process your claim based on their investigation.

Can I transfer my existing policy to a new car?
Yes, you can transfer your existing policy to a new car. Inform your insurer about the new vehicle details and they will help with the transfer process.

How is the premium for car insurance calculated?
The premium for car insurance is calculated based on factors such as the vehicle's make and model, age, engine capacity, geographical location, and the type of coverage chosen.

Show More Show Less

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

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.

Premium indicated is exclusive of taxes for third party coverage of four-wheeler above 1,500 CC. Premium may vary based on the specification of the vehicle.

Show All Text