BYD Car Insurance
BYD Car Insurance
Build Your Dreams (BYD) is a Chinese company having a strong global presence in diversified sectors focussing on green technology for the future. It has established its business in the electronics, automobiles, rail transit, and energy domain. BYD Auto has gained significance owing to its manufacture of vehicles committed to zero emissions.
They have introduced the BYD E6 and the BYD Atto 3 electric cars in India. BYD cars are known for their advanced design features, such as the blade battery that has enhanced the performance and cost-effectiveness of their products in the electric vehicles segment.
While electric cars have created a sensation considering their green technology, it is important you take the right initiatives to secure them to the best standards. Purchasing four-wheeler insurance with sufficient coverage is undoubtedly the correct method to ensure financial protection. There are three different four-wheeler insurance plans.
Third-party liability insurance provides financial support for damages to third parties or their properties. It is mandatory by law. Second, stand-alone own-damage car insurance helps cover damages incurred to your own insured BYD car. And finally, comprehensive car insurance provides coverage against third-party liabilities and own car damages.
Therefore, when you buy car insurance, understand the different car insurance policies and find the best one that suits your financial needs.
With technological advancement, you can access different products online, compare comprehensive car insurance plans and choose the appropriate add-on covers at an affordable premium. At Tata AIG, we provide the car insurance premium calculator to determine the premium based on your car type and requirements.
BYD Car Insurance Renewal or Purchase via Tata AIG
While there are different methods to purchase or renew car insurance plans, one of the best ways to get it right is by doing it online. It helps you analyse and purchase the best car insurance plan at a convenient time and space. In addition, you can get the products at a discounted rate.
Moreover, accessing the policy benefits, such as making a car insurance claim and further getting the BYD car insurance renewal done, becomes simple and easy online. Furthermore, the online support is extremely user-friendly, and you may not require external support to understand the four-wheeler insurance plans and their coverage.
At Tata AIG, you can purchase or renew BYD car insurance online in a few simple steps:
Visit our Tata AIG website and navigate to the Car Insurance page under the "All Products" tab.
The system will prompt you to enter your vehicle details. Provide your vehicle registration number.
If you intend to renew BYD car insurance, click "Renew". And if you are looking forward to purchasing a new car insurance policy, click "Get Price".
Further, provide the car and personal details to complete the online application.
Based on your geographical location of usage, driving style, and financial requirements, choose the type of car insurance policy coverage and the add-on rider options.
Ensure to have the appropriate Insured Declared Value(IDV) to have sufficient financial coverage during complete loss or damage to your car. And if it is a renewal, incorporate the No Claim Bonus, if any, to reduce the premium.
The system will provide the BYD car insurance cost after completing the process.
If the displayed BYD car insurance price is affordable and appropriate to your financial needs, you could pay the premium online using any of the comfortable digital payment methods.
BYD Car Insurance Cost - Your Premium Amount
The premium for BYD car insurance in India is defined based on several factors. Understanding these factors will help you determine the right and affordable premium for your BYD car insurance. Purchasing car insurance at an affordable rate is essential to stay insured for the long term.
Here are some of the most common factors that affect your BYD car insurance price:
Insured Declared Value (IDV)- IDV is the most important factor and refers to the maximum compensation that you will receive on your BYD car insurance claim for total damage or in the event of a theft. The higher the IDV, the better the benefits while at a higher premium cost. On the other hand, a lower IDV can reduce the premium but may not provide the required financial coverage.
Type of policy coverage- There are three types of car insurance plans: third-party liability, stand-alone own damage, and comprehensive four-wheeler insurance. The premium will vary based on the type of policy coverage chosen.
Make and model of the car- The car's age, make, and model are significant factors affecting the BYD car insurance premium.
Engine cubic capacity- The engine is one of the significant parts of your BYD car. The premium will be based on its cubic capacity. The higher the cubic capacity, the greater the premium.
Location - The location where you are using your BYD car can affect your car insurance premium.
No-claim bonus (NCB)- No Claim Bonus is a discount offered to your car insurance policy if you have not made any claims in the previous year. It is a discount that reduces the premium for the current year.
Add-on covers- At Tata AIG, we offer a range of add-on covers that enhance financial protection to your basic BYD car insurance policy. You can choose the appropriate ones based on your usage conditions. Although it increases your BYD car insurance cost, the benefits are worth the money spent.
In addition to these factors, other aspects, such as the driver's gender, age, and driving history, can also affect the BYD car insurance price. At Tata AIG, we provide the online car insurance premium calculator, wherein you will have to provide a few essential details about your vehicle and requirements, after which the application will display the applicable premium cost. It is a simple method to determine the appropriate premium for your BYD car insurance.
Add-Ons for BYD Car Insurance by Tata AIG
Insurance providers offer add-on covers to enhance the financial protection offered by your car insurance policy. Add-on covers provide additional assistance or financial protection during specific scenarios to help you feel comfortable during an emergency.
Including an add-on cover can increase your BYD car insurance price. However, you can ensure to have additional financial assistance to reduce your burden during unexpected scenarios. At Tata AIG, we offer different types of add-on covers. You can analyse these options, evaluate the benefits and choose the most appropriate ones based on your requirements and affordability.
Here is a list of the add-on options available with Tata AIG.
Return to Invoice
No Claim Bonus Protection
Emergency Transport and Hotel Expenses
Loss of Personal Belongings
Repair of Glass Fiber and Plastic Parts
Things Covered and Not Covered under Tata AIG's BYD Car Insurance
The primary purpose of purchasing car insurance is to ensure timely BYD car insurance claim benefits when you need them the most. Therefore, it is essential to understand the inclusions and exclusions to avoid unnecessary claim rejections during an emergency.
Here is a detail about the Tata AIG BYD car insurance inclusions and exclusions.
|Inclusions under Tata AIG BYD Car Insurance||Exclusions under Tata AIG BYD Car Insurance|
|On total damage or car theft, the IDV is the maximum reimbursement benefit provided under the car insurance policy subject to the policy terms and conditions.||Damages incurred to your car due to the driver not having a valid licence.|
|Damages incurred to your car due to natural disasters like earthquakes, cyclones, snowfall, rainfall, etc., in the comprehensive and stand-alone own-damage four-wheeler insurance policy.||Damages incurred to the car for using it outside the Indian geographical borders.|
|Damages or losses to your car caused due to man-made activities such as riots, strikes, terrorist attacks in the comprehensive and stand-alone own-damage car insurance policy.||Damages incurred by the car when the driver is found to be under the influence of drugs or alcohol.|
|Damages incurred to your car during an accident in the stand-alone own damage and comprehensive car insurance policy.||Natural wear and tear of your car due to regular usage, depreciation and expenses incurred towards general maintenance.|
|Damages or losses incurred to your car due to fire such as self-ignition, lightning, explosions, etc., in the comprehensive and stand-alone own-damage car insurance policy.||Damages incurred to your car if the private vehicle is used for commercial usage.|
|Damages or losses incurred to your car due to transit of your car such as using roadways, railways, waterways, etc., in the comprehensive car insurance policy.||Damages or losses incurred to your car due to crash testing or speed racing.|
|Third-party or property damage incurred due to your insured car under third-party liability cover.||Damages caused to your car due to a war-like situation.|
|Medical expenses incurred due to an accident for the owner-driver in the comprehensive car insurance plan.||Replacement of consumables due to general wear and tear can be reimbursed only up to 50%.|
|Specific coverage corresponding to the add-on cover included in the car insurance policy.||Coverage under an add-on when it is not included in the car insurance policy.|
Why is it Important to have Tata AIG for your BYD Car Insurance?
Having a reliable insurance provider is an ultimate necessity for a prompt, smooth, and simple claim settlement process. At Tata AIG, we follow a customer-centric management system to ensure our customers' needs are met with customisable options and prompt service for any assistance. Transparency and integrity with every customer are our priorities.
Here are reasons why Tata AIG should be your car insurance provider.
Long-term experience- We have established a stronghold in the industry for more than 20 years and have a large customer base of nearly five crore customers since inception. We have ensured to develop as one of the most reliable and trustable brands considering the claim benefits and customer service.
Claim Settlement Ratio- We have proudly announced a claim settlement ratio of 98% for the FY 2020 - 2021. It measures the number of claims processed and settled against the number of claims registered.
Online compatibility- We offer four-wheeler insurance policies and the applicable add-ons online. You can read through these product options, analyse the benefits, and compare the premium to determine a suitable product. In addition, you can apply for the BYD car insurance claim online and ensure you get the benefits promptly in simple steps.
Network of garages- At Tata AIG, we have partnered with a network of more than 7500 garages across India. An extensive network of garages means the customers have a good number of options to choose from and get their vehicles repaired.
Customisable options- We offer three car insurance policies with 12 different add-on covers open for customisation. You can analyse the options and choose only the ones applicable and necessary for your financial needs.
Overview - BYD Cars
Build Your Dreams(BYD) is a leading technology company founded in 1995. They have established themselves as influential in the field of automobiles, electronics, renewable energy, and rail transit. They focus on zero-emission solutions for a green future. In India, BYD electric cars, namely, BYD E6 and the BYD Atto 3, are available at competitive prices.
Here is a brief about these cars.
BYD E6- The BYD E6 is a MUV with a 5-seater capacity having an automatic transmission. It has safety features such as the anti-lock braking system, multi-function steering wheel, etc.,
Some of the key specifications of BYD E6 are:
Battery capacity - 71.7 kWh
Range - 415 km
Maximum power - 93.87 bhp
Maximum torque - 180 nm
Charging time - 1.5 hours(Fast charging applicable)
Boot space - 580 litres
BYD Atto 3- The BYD Atto 3 is an SUV with a seating capacity of 5 passengers. It has safety features such as the ABS with EBD, seven airbags, Electronic Stability Program(ESP), a Tyre pressure monitoring system, and ISOFIX child-seat anchorages. In addition, it has advanced driver assistance systems, lane keep assist, adaptive cruise control, etc.,
Some of the key specifications of BYD Atto 3 are:
Battery capacity - 60.48 kWhRange - 521 km
Maximum power - 201.15 bhp
Maximum torque - 310 nm
Charging time - 9.5-10 hours(Fast charging applicable)
Boot space - 440 litres
BYD Car Models and Price
There are two BYD car models available in India currently, and here is a detail about their prices.
|BYD E6||₹29.15 lakhs|
|BYD Atto 3||₹33.99 lakhs - ₹34.49 lakhs|
The prices may vary depending on the location and dealership. In addition, there may be additional charges such as insurance, road tax, etc.,
Unique Selling Points: BYD Cars
BYD is committed to developing a green future. As a company, they have gained a reputation worldwide, considering their unique selling points.
Developing electric vehicles- The company advocates reducing the contribution to climate change by introducing electric vehicles for public transportation. The BYD E6 and the BYD Atto 3 are highly competitive electric cars in the market today. In addition, their focus on zero-emission transportation helps reduce the carbon emission in electric cars contributing effectively to sustainability.
Worldwide presence- BYD has established a stronghold worldwide by establishing its brand in more than 70 countries. The company's innovative design and commitment to green technology have increased its reputation worldwide.
Blade battery technology- BYD cars like the BYD Atto 3 have been equipped with blade battery technology. The batter has ultra-high charging capability and a high maximum instantaneous discharge power. In addition, it is an ultra-safe battery that has passed the nail penetration test.
ADAS Technology- The Advanced Driver Assistance System that includes forward collision warning, lane keep assist, adaptive cruise control, etc., are some of the unique and key safety features of the BYD cars, such as BYD Atto 3.
Rivals of BYD Cars
BYD has been providing tough competition to companies introducing cars in the electric segment. Some of the rivals of BYD in India are:
Hyundai Kona and MG ZS EV are the top competitors to BYD cars in India.
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
Frequently Asked Question
BYD is What is the actual range for BYD E6?
The mileage for BYD E6 is 415 km for one full charge.
Does the BYD Atto 3 have a petrol variant?
No, the BYD Atto 3 is not available as a petrol variant.
Do electric cars need insurance?
Yes, as per Indian Motor laws, all the different types of vehicles, including electric, CNG, petrol, and diesel, should have car insurance. Third-party liability insurance is mandatory. However, the owners have the option to compare and purchase between the third-party liability, stand-alone own damage, and the comprehensive car insurance policy.
Why is the premium of car insurance for electric cars higher?
Electric cars are expensive in comparison to fuel-powered cars. Therefore, their Insured Declared Value(IDV) is higher, increasing the premium.
Disclaimer: All the prices and other information listed above pertain to a specific city and vehicle model. Since this information is subject to change, it is advisable to check the latest information before purchasing a vehicle or an insurance policy.