Tata Nexon EV Insurance

Tata Car Insurance Purchase Process

Visit Tata AIG's website and go to the Car Insurance page.

Type in the registration number for your car (found in your RC) and click Get Price to begin your car insurance application process.

Fill out the application form with your details, scan and upload your KYC documents – address and ID proof, bank details, etc., and select your Insured Declared Value (IDV) from the provided list.

If you have chosen a comprehensive plan, select your desired add-ons. These are optional and can be skipped.

Check all your details and submit your application form.

Next, you can proceed to pay the Tata Nexon EV insurance cost via your preferred online payment method - Mobile wallet, net banking, UPI, QR code, etc.

Once payment has been confirmed, we will issue a PDF copy of your Nexon EV car insurance policy to your registered email after processing, verifying and approving your application.

Tata Car Insurance Renewal Process

Visit Tata AIG's website and go to the Car Insurance page.

Type in the registration number for your car (found in your RC) and click Renew to begin your Tata car insurance renewal process.

Fill out the renewal form and enter your claims history details. If you have not filed any car insurance claims for the previous policy year, you can claim a No Claim Bonus (NCB) discount.

Select your add-ons (if applicable) and submit your renewal application.

Next, you can proceed to pay your renewal premium via your preferred online payment method - Mobile wallet, net banking, UPI, QR code, etc.

Once payment has been confirmed, we will issue a PDF copy of your renewed Nexon EV car insurance policy to your registered email after approving your renewal application.

• Renewing your Tata Nexon EV insurance is just as simple:

• Go to the Tata AIG website and open the Car Insurance page.

• Enter your car registration number and click ‘Renew’.

• Complete the renewal form and enter your previous claim history. If you’ve had a claim-free year, you can avail of a No Claim Bonus (NCB).

• Choose any additional add-on covers, if needed.

• Confirm the details and make the payment via your chosen online method.

• Once payment is confirmed and renewal is processed, a PDF copy of your renewed policy will be emailed to you.

Owning a Tata Nexon EV means you are part of India’s growing electric vehicle revolution. This eco-friendly choice offers impressive performance, great features, and a smooth driving experience. However, as with any vehicle, it’s important to ensure that your Nexon EV is properly covered with the right insurance. Tata AIG offers different types of car insurance policies designed to provide comprehensive protection for your electric vehicle.

Let’s break down the three main types of Nexon EV insurance policies available:

• Comprehensive Car Insurance Policy

The Comprehensive Car Insurance Policy is the most complete option for your Tata Nexon EV. This policy provides coverage for both third-party liabilities and damage to your own vehicle. It covers a wide range of risks, including accidental damage, theft, fire, natural disasters, and vandalism. In case of a total loss, the policy compensates you based on the Insured’s Declared Value (IDV), which is the market value of your vehicle at the time of the claim.

In addition to this extensive coverage, the Comprehensive Car Insurance Policy also includes bumper-to-bumper cover (also known as Zero Depreciation). This means that depreciation is not deducted from the cost of replacing parts after an accident, ensuring you get full value for repairs. This policy is the best choice for anyone seeking total peace of mind when it comes to protecting their Nexon EV.

• Standalone Own-Damage Car Insurance Policy

The Standalone Own-Damage Car Insurance Policy is ideal for those who want to protect their Tata Nexon EV from damage but don’t need third-party coverage. This policy covers the cost of repairs or replacement for your own vehicle in case of accidents, theft, fire, or natural disasters. However, it does not provide coverage for damage to third-party vehicles, property, or injuries to third parties.

If you already have a separate third-party insurance policy, this standalone option can be a cost-effective way to ensure your Nexon EV is protected from damage. It’s a good fit for those who prioritise protecting their own vehicle over third-party risks.

• Standalone Third-Party Car Insurance Policy

The Standalone Third-Party Car Insurance Policy is the minimum legal requirement for all vehicles in India, including your Nexon EV. This policy covers third-party liabilities, such as damage to other vehicles, property, and any injuries or fatalities caused by your vehicle. However, it does not cover damage to your own car. This is the most basic level of insurance, ensuring that you comply with the Motor Vehicles Act, 1988.

While this policy is essential for legal compliance, it doesn’t provide any protection for your own vehicle. For full protection, additional coverage, such as the Comprehensive Car Insurance or Standalone Own-Damage Policy, would be required.

Purchasing Tata Nexon EV car insurance online with Tata AIG is quick, simple, and efficient, offering you comprehensive protection for your electric vehicle. Here’s why buying your Nexon EV insurance online is a smart move:

• Quick and Easy Process

Buying Nexon EV insurance online is hassle-free. Just browse through Tata AIG’s plans, select the one that suits your needs, and complete your purchase—all online. There’s no paperwork, and the process is completely paperless, saving you time and effort.

• Instant Policy Document Delivery

Once your payment is processed, Tata AIG will send your Nexon EV insurance policy document directly to your email. You can print it out whenever needed, giving you quick and easy access to your policy details.

• Customisation with Add-on Covers

When you purchase a Comprehensive Tata Nexon EV insurance policy online, you can further customise your coverage with a range of add-ons. Tata AIG offers 12 add-ons, including Zero Depreciation (Depreciation Reimbursement), Roadside Assistance Cover, No Claim Bonus (NCB) Protection, Key Replacement and more, ensuring your Nexon EV is protected as per your unique needs.

• Effortless Claim Process

Filing a claim is easy with Tata AIG’s online process. Simply visit the Tata AIG website, fill out the online claim form with your policy number and incident details, and we’ll begin processing your claim immediately. You can also track your claim status online for full transparency.

• Wide Network of Garages for Cashless Claims

With over 5900+ network garages across India, you can avail cashless claims at any of our trusted service centres. If a network garage isn’t accessible, you can visit any trusted garage, and we’ll help with the reimbursement claims.

• Comprehensive Protection for Your Tata Nexon EV

Tata AIG’s Nexon EV car insurance provides complete coverage for your vehicle against theft, accidents, and damages from natural or man-made disasters. No matter what happens, Tata AIG is committed to making sure your Nexon EV stays protected, giving you peace of mind.

Purchasing Tata Nexon EV insurance involves understanding the factors that influence your premium. While electric vehicle insurance premiums may seem higher than traditional fuel-based vehicles, the overall costs tend to balance out in the long run due to the lower maintenance and operational costs of EVs. The IRDAI also encourages the adoption of electric vehicles by offering a 15% discount on third-party insurance premiums for EVs.

Here’s a breakdown of the key factors that affect your Tata Nexon EV insurance premium:

• Third-Party Nexon EV Car Insurance

The premium for third-party car insurance is set by the IRDAI and depends primarily on your Tata Nexon EV's battery capacity (kW/kilowatts). The IRDAI revises these rates every year, and the latest rates can be accessed on the Ministry of Road Transport and Highways (MoRTH) official portal under their Gazette notifications. Additionally, EV owners are eligible for a 15% discount on third-party premiums as part of the government’s push to promote electric vehicle usage.

• Comprehensive Nexon EV Car Insurance

For Comprehensive Car Insurance, the premium is determined by several factors:

• Insured Declared Value (IDV): This is the current market value of your Nexon EV, after accounting for depreciation. It plays a significant role in determining the overall premium.

• Model, Variant, and Age: The specific make and age of your Nexon EV also influence the premium. Newer models tend to have slightly higher premiums.

• Location: Your city or zone plays a part in the premium, as areas with higher accident or theft rates can result in higher premiums.

• Add-ons: Optional coverage, such as Zero Depreciation (Depreciation Reimbursement), Vehicle Loan Protector, Key Replacement, Tyre Secure and so on can increase the premium but enhance the coverage.

• No Claim Bonus (NCB): If you have a history of no claims, you can enjoy a discount on your premium, making it more affordable.

• Use of Premium Calculator

To simplify the process of estimating your Tata Nexon EV insurance premium, Tata AIG offers an easy-to-use car insurance premium calculator on our website. This free tool allows you to input your Tata Nexon EV's details to get an accurate quote. You can compare different policies, view premiums based on your IDV, location, and add-ons, and select the best option that aligns with your budget and needs.

By using the premium calculator, you can make an informed decision and ensure you select the right insurance plan for your Tata Nexon EV.

Also Read: Electric Car Insurance

Think of policy add-ons as a form of extra insurance coverage since their main function pertains to extending your base coverage. They are a great investment for those who live in high-risk zones and for EV owners since electric cars have specialised parts.

However, they can increase your overall Tata Nexon EV insurance cost so only choose add-ons for coverage you are sure you will need. At Tata AIG, we offer 18 unique add-ons, including 2 EV-specific add-ons you can opt for to boost your insurance protection:

-- Electric Surge Secure (For Hybrid/EVs)

This add-on protects your Nexon EV’s battery and electrical systems from damage caused by electrical surges or power fluctuations. This is especially useful for electric vehicles (EVs), which are more reliant on electrical systems than traditional vehicles.

• Zero Depreciation - Battery (For Hybrid/EVs)

This add-on ensures that the battery of your Nexon EV is covered without any depreciation being deducted when repairs or replacements are needed. This guarantees that you receive the full replacement cost of the battery, which is a crucial part of electric vehicles.

• Zero Depreciation

The Zero Depreciation add-on provides coverage for parts of your car without any depreciation deductions. If you need to repair or replace parts after an accident, you will receive full compensation for the parts at their original value, rather than a depreciated amount, ensuring that the repair costs are fully covered..

• Tyre Secure

The Tyre Secure add-on covers the cost of repairing or replacing tyres damaged due to an accident or other covered events. It ensures that your Nexon EV’s tyres are fully protected, helping you avoid unexpected expenses related to tyre damage.

• Engine Secure

The Engine Secure add-on covers repairs for your Nexon EV’s engine in case of damage caused by water, lubrication failure, or other similar issues. This ensures your electric vehicle’s engine is protected, as the engine is vital for overall performance and reliability.

• Emergency Medical Expenses

This add-on covers medical expenses if you or your passengers are injured in an accident. It provides immediate financial assistance to cover emergency treatment, ensuring that medical costs do not add to the financial burden after an accident.

• No Claim Bonus Protection Cover

This add-on helps you retain your No Claim Bonus (NCB) even if you need to make a claim. NCB is a discount given to policyholders who do not make any claims during the policy term. With this cover, you’ll continue to enjoy the NCB benefits during future renewals, even after making a claim.

• Return to Invoice (RTI)

If your Nexon EV is stolen or written off due to an accident, this add-on ensures that you are compensated based on the original invoice value of your car, not the depreciated market value. This ensures you receive the full amount you paid for your vehicle.

• Roadside Assistance

This add-on provides 24/7 roadside assistance in case your Nexon EV breaks down. Whether it’s a flat tyre, fuel delivery, or minor repairs, Tata AIG’s roadside assistance ensures that help is just a call away, giving you peace of mind while driving.

• Misfuelling

If you mistakenly fuel your Nexon EV with the wrong fuel, this add-on covers the cost of draining and cleaning the fuel system to avoid any damage. This add-on is particularly useful for those who own hybrid or electric vehicles and occasionally confuse fuel types.

• Repair of Glass, Fibre, Plastic, and Rubber Parts

This add-on covers the repair or replacement of non-metallic parts such as glass, plastic, rubber, or fibre components in your Nexon EV. These parts are often vulnerable to damage in accidents or external factors, and this add-on ensures their full repair or replacement.

• Consumable Expenses

This add-on covers consumables such as engine oil, brake fluid, and other essential fluids required during repairs after an accident. These consumables often aren’t covered under the base policy but are essential to keep your Nexon EV running smoothly.

• Key Replacement

The Key Replacement add-on covers the cost of replacing your Nexon EV’s keys if they are lost or damaged. It ensures you won’t have to bear the expense of key replacement in case of misplacement or damage.

Nexon EV Car Insurance Exclusions

Nexon EV Car Insurance Inclusions

Get Insured Online: We are a 100% digital insurance provider. You can access all our services and plans through our website or mobile app – Meaning you can buy, renew and file your claims all through our website. This results in time and costs saved on your end and enables us to lower your Tata Nexon EV insurance cost.

No Agents Involved: We are able to maintain policy affordability thanks to our direct-to-customer transaction model. This allows us to cut out the middleman during your purchase process. Having no agents also means you get to explore all our available 4-wheeler insurance products at your leisure.

Quick Processes with Minimal Paperwork: We have streamlined all our online processes so you can be in and out of our website with a brand-new insurance policy in just a few clicks. The same applies to your Tata Car insurance renewals and claims processes, as they require minimal paperwork and all payments can be done online.

Cashless Claims: We take our hassle-free claims processes one step further by offering cashless claims at all our network garages. This completely eliminates the problem of inaccessibility to cash, as we directly settle the bill with the garage, allowing for a quick and stress-free claims process.

High Claims Settlement Ratio (CSR): We have an uncompromising dedication towards customer support and satisfaction and promise a safe and seamless claim settlement process for you.

Additional Services: In addition to the insurance coverage you receive under our plans, you also get access to other benefits when you choose Tata AIG as your insurance provider. We offer 24/7 customer service, EV-specific policy add-ons and NCB discounts of up to 50% for consecutive claim-free years.

Filing a claim for your Tata Nexon EV insurance with Tata AIG is straightforward and designed to be quick and simple. Here's how you can easily file a claim:

• Step 1: File a Claim

You can file a claim by calling 022 6489 8282 or by visiting the Claims Support page on the Tata AIG website. After submitting your claim request, we will send you a link for self-inspection via SMS to your registered mobile number.

• Step 2: Inspection

Once you receive the self-inspection link, use your smartphone or tablet to fill in the details of the damage. Additionally, one of our surveyors will inspect your Nexon EV to assess the damage.

• Step 3: Choose Your Mode of Repair

You can choose from two options:

• Cashless Claim: Get your Nexon EV repaired at any of our network garages. Tata AIG will directly settle the repair costs with the garage.

• Reimbursement Claim: If you prefer, you can get your Nexon EV repaired at a garage of your choice and then submit the bills for reimbursement.

• Step 4: Documents Needed

To speed up the claim process, make sure you have the following documents ready:

• Completed claim form

• FIR (in case of theft or major accidents)

• Policy documents

• Identity proof (e.g., Aadhar, passport)

• Address proof

• Step 5: Track Your Claim Status

Once your claim is filed, you can easily track the status online through the Tata AIG website or app. This will keep you updated on the claim’s progress.

• Step 6: Claim Settlement

Once all necessary checks are completed and the claim is approved, Tata AIG will settle the claim according to the terms of your Tata Nexon EV car insurance policy, ensuring that you are compensated for the repairs or loss.

Filing a claim for your Tata Nexon EV insurance with Tata AIG is a straightforward process, but it’s important to have the right documents ready to ensure smooth and quick processing.

Below is a list of the essential documents you’ll need to submit when raising a claim for your Nexon EV insurance.

• Duly Filled and Signed Claim Form- Complete the claim form provided by Tata AIG.

• Copy of the Vehicle’s Registration Certificate (RC)- Ensure the RC is self-attested.

• Copy of the Driving License- Include the license of the driver at the time of the incident.

• Copy of the Car Insurance Policy- Provide a copy of your Tata AIG car insurance policy document.

• First Information Report (FIR)- Mandatory in case of accidents, theft, or third-party liabilities.

• Repair Bills and Receipts- Original bills from the garage where repairs were conducted.

• Hospital Bills- Applicable if there are personal accident claims.

• Original Car Keys- Required in case of theft claims.

• No Trace Report- Issued by the police in case of vehicle theft.

• Legal Notices or Summons- If involved in third-party liabilities, include any legal notices or summons received.

• RTO Forms (28, 29, 30, 35)- Necessary for vehicle theft claims, to be submitted to the Regional Transport Office.

• Letter of Subrogation- Required if the vehicle is financed and the financier is involved in the claim process.

• Photographs of the Damaged Vehicle- Clear images showing the extent of the damage.

• Surveyor’s Inspection Report- To be provided by Tata AIG's appointed surveyor post-assessment.

To download your Tata Nexon EV car insurance policy online, simply follow these steps:

• Visit the official Tata AIG website.

• Go to the ‘Self Service’ section on the homepage.

• Register or log in using your registered mobile number and email ID.

• Enter the OTP sent to your mobile for verification.

• Select your Tata Nexon EV insurance policy from the list.

• Request for the policy document to be sent to your registered email address.

• Open your email, and download the policy document. You can print it or save it for future reference.

If you prefer a physical copy and didn’t receive one at the time of purchase, you can download the digital copy and print it, or reach out to Tata AIG customer care for further assistance.

The all-new Tata Nexon EV, now 20 kilos lighter, is one of India's highest-selling EVs. Tata Motors also expects to see its EV sales doubling[source] in the coming years, promising sustained popularity and increased EV adoption.

This can also be attributed to the company's price cuts, narrowing the price difference between the electric and ICE versions of the Nexon. Here are some key USPs of the Nexon EV for those curious:

All-New Digital Design: The Nexon EV comes with smart digital daytime running lamps (DRLs), R16 Alloy wheels, hidden rear wipers and tri-arrow design elements with blue embellishments that help accentuate its all-electric feel.

A Cabin That Boasts Plush Comfort: This 5-seater comes with ventilated seats with extra cushioning plus a centre armrest, rear AC vents, a voice-assisted sunroof, cooled glove boxes, a digital dashboard and a grand centre console that makes longer drives easier. There is also no shortage of luggage room as the EV comes with an ergonomic boot space of 350 litres.

Charge Anywhere: The car comes with multiple charging options: 2 types of wall box chargers, a DC fast charger and a 15A portable charger. The car also offers vehicle-to-vehicle (V2V) charging and V2L technology, allowing you to charge your gadgets as well.

Elevate Your Drives: The EV comes with paddle shifters on the steering wheel, allowing for easier driving in bumper-to-bumper traffic or going downhill where frequent braking is required. You also get all-wheel disc brakes, 6 airbags and seat belt reminders for all passengers.

Colours and Variants Available: The Tata Nexon comes in 9 variants, with the base model being the Creative Plus and the top model the Tata Nexon EV Empowered Plus LR. You get 5 colour options: Pristine White, Empowered Oxide, Flame Red, Daytona Grey and Intensi Teal – all in dual tones.

Disclaimer: The prices were taken on 29/02/2024 at 05:05 pm IST. These prices are subject to change. Hence, we recommend checking your city's current ex-showroom price before buying.