MG ZS EV Insurance
MG ZS EV Insurance
Morris Garages, or MG, is a British automobile manufacturer best known for its sports cars. However, in the Indian market, the manufacturer received recognition in the EV segment. The notable electric vehicle it has launched in India is the ZS EV, which is now enthralling car enthusiasts with its facelift version. MG ZS is winning the market through its safety features, driving range, modern interior, and glam look.
When purchasing this vehicle, you should think about purchasing comprehensive auto insurance. It will protect you financially if your brand-new EV is damaged in an accident or by natural or man-made disasters. The insurance company is also responsible for compensating third parties who suffered injury or whose property has been damaged due to your car's involvement.
MG Car Insurance Renewal/Buy via Tata AIG
The facelift version of the MG ZS EV includes numerous expensive high-tech features. Even if you need to drive your EV in an emergency, you don't want to risk your car and budget by leaving it uninsured. This is where Tata AIG comes in, as it allows you to buy car insurance in a few simple steps.
Visit Tata AIG's official website and move the cursor to the MG ZS EV insurance page.
The new screen will display two options– "Renew" and "Get Price."
In case you are buying car insurance from AIG for the first time, tap the "Get Price" button, provide the MG ZS registration number on the redirected page, and then click the "Get Price" option.
In the case of car insurance renewal online, tap on the "Renew" icon. After that, enter your MG registration number and click the "Renew" button on the new page.
Complete the MG car insurance online form by sharing the required details.
Figure out the ZS EV insured declared value (IDV). Calculate this amount using the IDV calculator or deduct depreciation from the invoice value. Choose the arrived figure from the drop-down menu.
Share information about your previous claims. In the event of a claim-free year, use the accumulated No Claim Bonus (NCB), which can help reduce premiums by 20-50%.
Your computer screen will display the premium for the policy you have chosen. If you have selected OD or comprehensive cover, you can add a rider at this stage.
Finally, choose your preferred digital payment option and complete the purchase transaction.
Following the digital payment, AIG executives will send your policy document to the registered email address. The company also allows for offline renewal. To do so, go to an AIG branch in your city or contact their registered agent.
MG Car Insurance Price – Your Premium Amount
Tata AIG and other insurers provide three types of motor insurance: own damage policy, third-party liability cover, and comprehensive car insurance. The OD only protects you financially if your MG ZS EV is damaged. They are only available as an add-on to third-party liability insurance.
Third-party liability insurance, as the name suggests, protects against legal liabilities arising from property damage or physical injury to people other than those in the insured vehicle. On the other hand, comprehensive auto insurance covers the insurer’s car damage as well as the legal liability of others.
The Insurance Regulatory Development Authority of India (IRDAI) sets the price for third-party motor insurance based on the vehicle type and engine cubic capacity. The premium is subject to change every few years. The insurance provider has the right to decide the price for the OD portion. And to figure out that, they look into your car's registration city, make and model, IDV, and manufacturing year.
IDV refers to the maximum compensation you will receive if your car is stolen or damaged irreparably. It is the current market value of your four-wheeler and directly impacts the premium price. Remember that the greater the IDV, the higher the premium, and vice versa. You can calculate this figure manually or use the IDV calculator on your insurer's website.
Add-ons for MG ZS EV Insurance by Tata AIG
Standard insurance protects your vehicle from various tragic events. In case your car sustains accidental damage while driving on India's poor roads, your motor insurer will cover the repair and maintenance costs. However, there are many situations where having standard insurance will not suffice. If your car breaks down on the highway, your insurer will not send someone to get your vehicle towed. Similarly, if you leave your keys in a locked car, your insurance will not offer key replacement services under normal circumstances. You will require add-ons for this.
Add-ons are riders that extend the scope of a vehicle's insurance coverage. You can obtain them by paying a small amount over and above your standard policy premium. If you have Tata AIG motor insurance, you can select one of the twelve riders listed below.
Roadside assistance cover
Add-on for No Claim Bonus protection
Daily allowance cover
Key replacement cover
Add-on for emergency hotel expenses and transport
Add-on for repairs of plastic, glass, and fibre parts
Engine secure cover
Tyre secure cover
Add-on for consumable expenses
Rider for loss of personal belongings
Return to invoice cover
Zero depreciation cover
Things Covered and Not Covered under Tata AIG’s MG ZS EV Insurance
Every motor insurer has something distinct to offer; the add-on options, coverage limit, premium price, and claim process vary from one insurer to another. Also, most of the time, people have to deal with claim rejection because they assume the scope of coverage is the same with all ZS EV insurance providers, which is incorrect. Therefore, in order to dispel any doubts, we have specified the inclusions and exclusions of Tata AIG's insurance for cars.
Check out the table below if you want to secure your drive with AIG.
| What is covered? | What is not covered? |
|---|---|
| Your car insurance policy is liable for settling claims, resulting from a cyclone, earthquake, flood, landslide, cloud burst, volcanic eruption, or other natural disasters. | Tata AIG will not be liable for repair bills resulting from mechanical breakdown, electrical failure, consequential loss, or normal wear and tear. |
| Your car insurance is responsible for reimbursement if cases like lightning, explosion, fire, or self-ignition damage to your four-wheeler. | The demographic area that falls under the scope of coverage is specified in the policy wordings of Tata AIG. Driving outside that range and causing damage to your MG ZS EV will result in a claim denial. |
| Your AIG motor insurance policy is bound to accept claims resulting from a terrorist attack, riot, vandalism, or other man-made disasters. | Your car insurance does not cover damage to your MG ZS caused by nuclear perils, biological attacks, mutiny, or other war-like situations. |
| Your AIG policy only covers theft-related claims if the entire MG ZS EV is stolen, not just parts like the wheels, seat, or rear-view mirrors. | The policy does not cover any loss or damage sustained by your MG ZS EV while speed testing, using it for illegal activities, or racing. |
| Tata motor insurance does not cover damage to your MG ZS EV while transporting it to a new city or location. | If your car sustains damage while it is only covered by third-party liability insurance, be ready to face a claim rejection. |
| Your Tata comprehensive car insurance covers third-party liability. It covers legal liabilities resulting from physical injury or property loss to people other than those in the insured vehicle. | If your MG ZS EV driver is found to be driving while under the influence of alcohol or drugs at the time of the accident, AIG's support team will deny your claim. |
| Tata AIG insurance includes personal accident coverage, which is handy if the accident results in the death or injury of the insured driver. Tata pays the beneficiary or policyholder a lump sum based on the situation. | If your MG ZS EV driver is driving without a licence or with an invalid licence and an accident occurs, Tata AIG will not process such claims. |
Why is it Important to Have Tata AIG Insurance for Your MG ZS EV?
The MG ZS EV is a high-tech electric vehicle with several costly components. In the event of damage, repairing the ZS is significantly more expensive than repairing ICE engine vehicles. Therefore, securing your vehicle with the best insurer in the industry is critical. Here are five reasons why AIG is superior to others.
Tata AIG is known for its customer-centric services. Over the years, the company has served more than five crore customers across the country. It is also working on improving its products and services in order to reach out to underserved areas in India.
If the claim settlement ratio is your deciding factor, Tata should be at the top of the list, with 98% claim settlement ratio. The company has a claim support team of over 650 people, ensuring that you receive prompt reimbursement for the repair bills.
You never know what tragic event you might encounter while driving. Hence, it is critical to broaden the coverage scope through riders. Tata allows you to choose from twelve add-ons.
Tata AIG will offer you a substantial premium discount of up to 50% through NCB if you are a skilled driver and have not made any claims in the previous policy year.
If your MG ZS EV sustains damage in any part of the country, you won't have to worry about your finances because Tata AIG provides free repairs at over 8700 garages.
Overview - MG ZS EV Model
MG has recently launched the facelifted version of the ZS EV in 2022. MG has recently launched the facelifted version of the ZS EV in 2022. The newer version is equipped with a larger and more powerful battery pack of 50.3 kWh, allowing ZS to generate more power and deliver smooth performance. Keeping the different driving conditions in mind, MG has added four transmission modes to this car. These are D, N, P, and R. The "D" mode is ideal for navigating congested traffic, whereas the "A" mode is for empty highways.
To shed some light on the driving modes, the MG ZS has three: normal, eco, and sports. Here are some more technical details about this vehicle.
ARAI-certified range of 461 km per complete charging
Maximum torque of 280 Nm
Maximum power of 176 hp
Can accelerate from 0-100 km/h in 8.5 seconds
Charging time of 9 hours
Ground clearance of 177 mm
MG ZS EV Car Price in India and its Variants
The facelift MG ZS EV is available in three variants and four shades. You can find them in Ferris White, Sable Black, Currant Red, and Ashen Silver colours. The base model of this car is Excite, and the top variant is Exclusive Iconic Ivory. Here are the pricing details.
| Variant | Price |
|---|---|
| MG ZS EV Excite | Rs 22,58,000 |
| MG ZS EV Exclusive | Rs 26,49,000 |
| ZS EV Exclusive Iconic Ivory | Rs 26,60,000 |
The above prices vary slightly by the Indian states. Moreover, the prices are exclusive showroom ones and do not include registration fees, insurance premiums, or road tax.
Unique Selling Points: MG ZS EV
The MG ZS EV facelift outperforms its predecessor in every way, whether it's driving range, output, or battery capacity. Apart from technicalities, this car equips many advanced features, which serve as its USP. These are:
The car has received a five-star rating from NCAP owing to its safety features. You will find rain-sensing wipers, a 360-degree camera, ABS with EBD, AI assistance, and a lane departure prevention feature on this car.
The interior has a panoramic sunroof, leather seat upholstery, a six-way adjustable seat, electrically retractable and adjustable ORVMs, and a 10.1-inch touchscreen infotainment system with Apple CarPlay and Android Auto. The top model has six speakers, while the base model has four.
Other features include auto-climate control, wireless charging, and remote engine start-stop.
Rivals of MG ZS EV
Every month, a new electric vehicle enters the Indian automotive market. These EVs range from five-seat sedans to SUVs. The all-new MG ZS EV is a five-seat SUV with little market competition. Its rivals include the following.
BYD Auto E6 Electric
Hyundai Kona Electric
Tata Safari
Jeep Compass
Hyundai Tucson
Toyota Innova
Volkswagen T-Roc
Isuzu D-Max 2021
Mahindra XUV 500
Hyundai Alcazar
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
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Q.1. How can I raise my MG ZS EV Insurance claim?
Q.1. How can I raise my MG ZS EV Insurance claim?
If you are purchasing an EV for the first time and have decided on the MG ZS, but still have questions about this car and its insurance, read our answers to the most frequently asked questions.
Q.1. How can I raise my MG ZS EV Insurance claim?
The claim procedure varies from one auto insurance company to the next. In case your MG EV is insured by Tata AIG, you can settle your bills in four steps. These are:
Visit the Tata AIG official website and go to the “claim section” department. Next, complete the application by providing policy details, FIR details (required in the event of an accident/theft), and your car registration number.
Next, the AIG support team will assign a surveyor to assess the extent of loss or damage sustained by your EV.
After the survey completion, the inspecting officer will share the report with the claim department. Post that, you can get your car towed to the nearest garage.
Finally, before processing your claim request, the claim support team will review the details you provided on the application and the surveyor's report.
Keep in mind that the settlement process differs for reimbursement and cashless claims. Under the former, the insurer reimburses the bill in your account within 4-5 working days. In the latter case, the insurer pays the bill directly to the garage owner's account.
Q.2. What factors affect MG ZS EV Insurance price?
The premium cost for MG ZS EV is distinct for each owner. The reason is a different set of driving skills and the following parameters.
Manufacturing year Model and variant Sum-insured amount Place of registration Voluntary deductible amount Number of add-ons purchased Mode of insurance renewal/purchase
Q.3. How can I reduce the cost of my MG ZS EV Insurance premium?
Working on parameters affecting the frequency and amount of a claim can help you get insurance at a low cost. Here are the specifics.
Install an anti-theft device to keep track of your MG ZS. It will keep your car from being stolen, lowering the likelihood of an associated claim.
Strictly adhere to road safety regulations. This way, you may avoid road mishaps and earn up to 50% NCB.
Raise the voluntary deductible, but make it clear that while this may lower your premium, it will increase your liability if the mishap requires significant repairs.
Stay a safe distance from aftermarket alterations. Most of them are illegal, but those that are permitted reduce performance while increasing premiums.
Do not add every rider to your standard insurance. Go for those that are relevant to your requirements.
Q.4. Is the MG ZS EV a good car?
Yes. If you want to buy the upgraded version, the MG ZS will not disappoint you. It has a larger battery, a better driving range, and more power. The car also received a five-star rating from NCAP due to its unique safety features. Not only that, but there are several advanced features inside the cabin, including wireless charging, a touchscreen infotainment system, and six speakers.
Q.5. How can I renew my MG ZS EV car insurance with Tata AIG?
You can renew your Tata AIG policy online or in person at a branch or registered agent office. We recommend going online because the process is simple and gives you immediate coverage. Furthermore, unlike buying through an agent, who earns a commission on the premium you pay, the online process is less expensive due to middleman elimination.
Q.6. What is the starting price of the MG ZS EV?
The MG ZS EV is available in one Excite version and two Exclusive versions. The Excite (base model) is available for Rs 22,58,000. The top model, Exclusive Iconic Ivory, will set you back Rs 26,60,000. However, this price does not include insurance or registration fees. If you choose to buy comprehensive insurance, the premium will be a few thousand rupees.
Q.7. Is buying motor insurance for an MG ZS EV Car mandatory?
Yes, you cannot drive your MG ZS in India if it is not secured by motor insurance. In fact, the Motor Vehicle Act requires all motorised two-wheelers and four-wheelers to have at least third-party legal liability insurance. It is the bare minimum policy, protecting you from the legal liabilities of pedestrians or motorists. If you want complete coverage, get OD cover or comprehensive insurance and supplement it with riders.
Q.8. What does MG ZS EV Car Insurance No Claim Bonus mean?
The No Claim Bonus, or NCB, is a benefit provided for not filing a claim during the policy years. It is the incentive that helps to reduce the cost of motor insurance. NCB rewards range between 20 and 50%. If you continue to avoid a claim for a single year, you will receive 20% NCB. For going claimless for five years in a row, the percentage rises to 50. You can accumulate this reward only if you renew your insurance before the expiration of the grace period.
Q.9. What papers are necessary for raising an MG ZS EV car insurance claim?
The documentation varies slightly depending on the nature of the loss/damage. Some crucial ones are pointed out below.
Copy of MG ZS EV insurance policy Driver's license Claim request form (duly filled and signed) Registration certificate copy Original repair invoices FIR copy (mandatory if you are filing a claim for third-party liabilities or theft)
Q.10. Can my auto insurer refuse to renew my MG ZS EV policy?
Yes. The motor insurance provider has the right to deny or terminate insurance in multiple circumstances. They take such action if you submit false claims, use your EV for illegal activities, submit wrong documents, or the information on the renewal form does not match the details on the documents. Furthermore, if the geographical area in which you intend to use the car falls outside the scope of coverage, your renewal or purchase request will be denied.
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