Tata Punch EV Insurance

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Tata Punch EV Insurance

Insure your brand-new Tata Punch EV with Tata AIG today! Car insurance prices starting at ₹2,094*

The Tata Punch EV is the latest addition to Tata's all-electric lineup. It is also Tata Motor's first all-electric car and is the most well-balanced one as of yet. If you are among those looking to reduce your carbon footprint while saving on fuel, the Punch EV is your go-to car!

However, before you start your drive, you need to get your Tata Punch EV insurance. This four-wheeler EV, just like its fuel-based counterparts, needs to be insured with at least third-party insurance for four-wheelers.

Thankfully, this can be easily done by partnering with Tata AIG. Read on to learn how you can get your Tata Punch EV car insurance from our website.

Purchase/Renew Your Tata Punch EV Car Insurance Online with Tata AIG

Tata Car Insurance Purchase Process

Visit Tata AIG's website and navigate to our Car Insurance page.

Enter your registration number and click Get Price to start your car insurance application process.

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

Choose your add-ons if you opted for a comprehensive plan. These are optional and can be skipped.

Review all your details and submit your application form.

Proceed to pay your Tata Punch EV insurance cost via your preferred online payment method - Net banking, UPI, QR code, mobile wallet, etc.

After processing your payment and approving your application, we will send a PDF copy of your car insurance policy to your registered email.

Tata Car Insurance Renewal Process

Visit Tata AIG's website and navigate to our Car Insurance page.

Type in your registration number and click "Renew" to start your Tata car insurance renewal process.

Fill out the renewal form and provide your claims history details, or if you have not filed any claims for the previous year, you can claim your No Claim Bonus (NCB) discount.

Choose your add-ons (if applicable) and pay your policy renewal premium.

After processing your payment and approving your renewal application, we will send a PDF copy of your policy to your registered email.

Tata Punch EV Insurance Cost

Buying a new car is a huge milestone and comes with several additional costs. That is why we at Tata AIG understand the importance of having a car insurance policy that stays affordable while also providing adequate coverage.

We offer two main types of Tata Punch EV car insurance policies on our website. Here is an overview of what factors we consider when calculating your Tata Punch EV insurance cost:

Third-Party Punch EV Car Insurance: Third-party car insurance premium rates are set by the Insurance Regulatory and Development Authority of India (IRDAI) based on your car's battery capacity (kW/kilowatts). The rates are also revised every year.

You can check them on the Ministry of Highway and Road Transport's (MoRTH) official portal under their Gazette notifications.

Comprehensive Punch EV Car Insurance: Comprehensive plan premium rates will depend on your car's Insured Declared Value (IDV), make/model/age/variant, along with your location (resident city/zone), policy add-ons and accrued No Claim Bonus (NCB) discount (if any).

To make premium calculations easy on your end, we offer a car insurance premium calculator that gives you real-time estimates and allows you to compare policy quotes to help you find insurance for your four-wheeler that aligns with your budget.

Please Note:

IRDAI mandates third-party insurance for all EV four-wheelers in India. You must get at least third-party coverage for your EV if comprehensive plans are not your preference.

New car owners are mandated to hold third-party car insurance for 3 years, either as a separate plan or bundled under a comprehensive plan.

For EVs, the Indian government offers FAME (Faster Adoption and Manufacturing of Electric Vehicles) subsidies – where the EV buyer gets an upfront price reduction. You can check if your Tata Punch EV is eligible for this subsidy on the FAME 2 portal under Scheme → Models.

Also Read: Electric Car Insurance

Boost Your Tata Punch EV Insurance Protection With Tata AIG's Add-ons

Car insurance add-ons are additional insurance coverage you can opt for under our comprehensive plans. These can increase your insurance cost. Hence, we recommend only choosing the ones you are sure you will need.

At Tata AIG, we offer 18 add-ons to choose from - two of which offer coverage that is specifically catered toward EV vehicles:

Zero Depreciation - Battery (For Hybrid/EVs)

Electric Surge Secure (For Hybrid/EVs)

Zero Depreciation

Engine Secure

Tyre Secure

Return to Invoice (RTI)

No Claim Bonus Protection Cover

Repair of Glass, Fibre, Plastic and Rubber Parts

Consumable Expenses


Roadside Assistance

Loss of Personal Belongings

Daily Allowance

Emergency Medical Expenses

Key Replacement

Emergency Transport and Hotel Expenses

Courtesy/Hire Car

Additional Third-Party Property Damage Cover

Inclusion and Exclusions Under Tata Car Insurance in India

Punch EV Car Insurance Inclusions

Third-Party Damages We cover legal and financial liabilities arising from death/bodily injury incurred to any third party individual (including the passenger) along with any subsequent property damage.
Accidental Damage Your Punch EV car insurance will cover accidental damages incurred to the car (self and third-party) from road accidents or collisions.
Personal Accident Cover (For Owner-Driver) We offer a built-in personal accident cover of up to ₹15 lakhs to cover the owner-driver for medical expenses and/or death resulting from road accidents.
Theft (Total and Partial Loss) Damages/loss due to burglary, housebreaking and theft are covered
The IDV compensation for theft only applies if the entire car is stolen and not found. It does not apply to only parts of the car being stolen.
Natural Disaster Coverage against fire, lightning strikes, floods, hurricanes, storms, inundations, cyclones, hailstorms, frost, earthquakes, etc.
Man-Made Calamities Damage or loss due to riots, strikes, terrorist activity, malicious acts, etc., will be covered
Total Loss We will reimburse the full IDV amount for total vehicular loss (repair costs exceeding 75% of the car’s IDV) resulting from major accidents.

Punch EV Car Insurance Exclusions

Regular Wear and Tear Your Tata Punch EV insurance will not cover depreciation costs for car parts, consequential loss from regular wear and tear, routine maintenance costs or mechanical and electrical breakdowns.
Owner Negligence Loss or damages caused due to neglect of periodic maintenance, improper storage or transportation will not be covered.
Geographical Limitations Repair costs will not be covered if the car was driven and damaged outside of India or if the car was not repaired at an authorised garage.
Breaches of Law Loss or damages resulting from using the car for fraudulent or illegal acts. E.g., Drunk driving, overspeeding, driving without a licence and other traffic violations.
Commercial Use Damages resulting from using a private vehicle for hire or reward will not be covered
Acts of War Damage from war, invasion, rebellions, the act of foreign enemies, hostilities or warlike operations, either direct or indirect, will not be covered.
Racing and Reliability Testing Your Tata car insurance will not cover damage from racing, speed testing or reliability trials.

Top Reasons to Pick Tata Motors Insurance from Tata AIG

Affordable Online Plans: We offer affordable online insurance for four-wheelers at Tata AIG with a direct-to-customer approach. This means you will only be paying for your plan - no additional commissions are applied when buying/renewing your 4-wheeler insurance with us.

No Agents Involved: Part of why our plans are affordable is that we have eliminated the middleman during your purchase process, allowing you to browse, compare and buy plans at your leisure. Insurance agents usually get a cut off of the sales they make so offline plans are generally priced higher than their online counterparts.

Quick and Accessible Services: Our online services have been streamlined to be quick, efficient and easily accessible. You can buy, renew and file your EV car insurance policy claims all on our website in just a few clicks no matter where you are.

Hassle-Free Claims with Minimal Paperwork: Our online claims processes ensure your claims intimations are processed quickly with minimal paperwork involved. Moreover, we also ensure that all financial transactions enacted through our website are secure.

A Trusted Brand: Tata AIG has over two decades of experience in the insurance industry. We promise unmatched support, transparency and swift services with every single car insurance policy offered to our customers.

Value Added Services: You can enjoy a wealth of benefits when you buy your Tata Punch EV car insurance from Tata AIG. Some key benefits include cashless claims services, 24/7 customer service, 18 unique policy add-ons and NCB discounts of up to 50% for consecutive claim-free years.

The All-New Tata Punch EV – A Quick Overview and Unique Selling Points

The new Tata Punch EV is the first of its kind based on a completely new pure EV architecture - acti.ev. This framework is also what will serve as the basis for future all-electric models from Tata Motors. Here are some key USPs you can anticipate from this Tata EV:

Personalise Your In-Car Experience: The Tata Punch EV comes with an app suite that allows you to personalise your in-car experience. The interiors are also stacked with a wireless phone charger, a digital dashboard, a smart digital steering wheel, a jewel knob gear shifter and a Phygital Panel that allows for effortless climate control.

Roomy Cabin: This 5-seater comes with semi-leatherette seats, a sunroof, an air purifier and large windows. This allows for the cabin to feel airy despite its compact size. The boot space has a capacity of 366 litres and the car also offers a small storage space under the bonnet, called the 'Frunk', which can hold 5 kilos.

Save On Fuel: With fuel prices reaching new highs, the Punch EV offers two versions – a standard range version with a 25 kWh battery with an approximate range of 315 km and a long-range version with a 35kWh battery with a range of around 420 km and better performance. Both offer fast charging of around 56 minutes.

Prioritise Your Safety: The EV comes with a 360-degree surround-view camera system, a blind spot view monitor, an SOS calling function and 6 airbags. It also offers disc brakes on all 4 wheels, ISOFIX anchors for child seats, and hill descent and hill hold controls that make uphill and downhill drives much safer.

Variants and Colour Options Available: The Tata Punch EV comes in 20 variants. Colour Options include Fearless Red, Daytona Grey, Seaweed Green, Pristine White and Empowered Oxide – all of which come in dual tones.

Tata Punch EV: Variants and Prices

Variants Ex-Showroom Price (Delhi)
Punch EV Smart (Base Model) ₹10.99 Lakh
Punch EV Smart Plus ₹11.49 Lakh
Punch EV Adventure ₹11.99 Lakh
Punch EV Adventure S ₹12.49 Lakh
Punch EV Empowered ₹.12.79 Lakh
Punch EV Adventure LR ₹12.99 Lakh
Punch EV Empowered S ₹13.29 Lakh
Punch EV Empowered Plus
Punch EV Adventure LR AC FC ₹13.49 Lakh
Punch EV Adventure S LR
Punch EV Empowered Plus S ₹13.79 Lakh
Punch EV Empowered LR ₹13.99 Lakh
Punch EV Adventure S LR AC FC
Punch EV Empowered Plus LR ₹14.49 Lakh
Punch EV Empowered S LR
Punch EV Empowered LR AC FC
Punch EV Empowered Plus LR AC FC ₹14.99 Lakh
Punch EV Empowered Plus S LR

Disclaimer: The prices were taken on 28/02/2024 at 06:45 pm IST. These prices are subject to change. Hence, we recommend checking your city's current ex-showroom price before buying.

Top Competitors of the Tata Punch EV

Top Competitors Ex-Showroom Price (Delhi)
MG Comet EV ₹6.99 - ₹8.58 Lakh
Tata Tiago EV ₹7.99 - ₹11.89 Lakh
Citroen eC3 ₹11.61 - ₹13.35 Lakh
Tata Nexon EV ₹14.49 - ₹19.29 Lakh
Mahindra XUV400 EV ₹15.49 - ₹19.39 Lakh

Disclaimer: The prices were taken on 28/02/2024 at 06:45 pm IST. These prices are subject to change. Hence, we recommend checking your city's current ex-showroom price before buying.

Disclaimer / TnC

Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.

Related Articles

How can I claim car insurance coverage for my Tata Punch EV?

How can I claim car insurance coverage for my Tata Punch EV?


When filing a claim, the first step is to contact us and inform us of the incident. For accidents, you will have to report the incident to the police and get a copy of your FIR. Next, visit Tata AIG's website and fill out and submit your claims form. We will send a surveyor to inspect your car to assess the damage and to determine the repair costs. Answer all questions honestly and submit all required documents on time for a smooth claims process. You should also note that all of your Tata Punch EV insurance claims must be made within 3 working days of damage to be admissible.

How does car insurance premium vary for electric vehicles vs fuel-based vehicles?


For EVs, the IRDAI offers a 15% discount on third-party insurance premiums compared to fuel-based vehicles. While you may think that your third-party Tata Punch EV insurance premiums are still higher than fuel-based vehicles, the benefits of buying an EV can offset these costs.

Are EV batteries covered under my Tata car insurance?


Yes, under our comprehensive Tata Motors insurance, you can opt for the Zero Depreciation - Battery and the Electric Surge Secure add-on to cover damages specific to your EV. They will cover partial, total or constructive total loss/damage to your electric vehicle, including loss/damage to your electric vehicle's charging equipment and depreciation costs for your EV's battery.

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. *Policy premiums are subject to change.