Volvo XC40 Recharge

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Volvo XC40 Recharge

Volvo, the well-known Swedish luxury car brand, is synonymous with sophistication, elegance, safety, and sustainability. A leading player in the luxury car segment, Volvo cars are highly in-demand for their exceptionally attractive looks, superb on-road performance, astounding features, and high-security standards. The Swedish Multinational Company headquartered in Torslanda, Gothenburg, manufactures the cars, and the company has been making these luxury cars since 1927.

The Indian market, too, has seen tremendous demand for Volvo cars in recent years. Initially, most of the cars were imported to India. Still, in 2017, the Swedish luxury car company announced it would start assembling the cars in their recently set-up Bengaluru plant. 2021 was a remarkable year for Volvo Cars India as the brand decided to spread its wings in the Indian market and announced the domestic assembly of all its cars. Also, it would be a fully electric brand by 2030.

Owing to the above electric revolution to go fully electric by 2030, Volvo launched the XC40 Recharge Pure Electric luxury SUV, its first battery-electric model, on 26th July 2022 in India. The Volvo XC40 Recharge looks similar to the XC40, which has earned various accolades for design. This stylish, spacious, feature-loaded electric car is significantly impacting its segment and basking in the limelight. If you plan to buy this Scandinavian car, get 4-wheeler insurance from a trusted brand like Tata AIG.

Comprehensive car insurance from Tata AIG is essential as it financially safeguards you against various damages and helps you fulfil legal requirements.

Keep reading to know more about the policy purchase and renewal with us!

Purchasing or Volvo XC40 Recharge Car Policy Online with Tata AIG

Driving a Volvo car transports you to a new world. A comprehensive insurance policy is essential for a car that speaks luxury from every aspect. This will protect you and your prized possession and adhere to the country's law.

Tata AIG offers an easy and convenient Volvo car insurance renewal and purchase process online. Our user-friendly website offers customised options, easy-to-use tools, and quick processing to give a hassle-free insurance purchase or renewal experience.

Follow these steps to buy or renew your 4-wheeler insurance policy online with Tata AIG:

  • Visit our official website, From the "All Products'' tab, select "Car Insurance''.

  • You will be led to the car insurance page, wherein you can enter the registration number for your Volvo XC40 Recharge car.

  • If you wish to purchase a fresh policy, click "Get Price", and for your Volvo car insurance renewal, click "Renew."

  • Note: The renewal period ranges from 1 to 5 years. Ensure you complete renewing your existing policy within the period.

  • Next, an insurance form will be displayed on your screen. Fill out the form completely with all your KYC information like name, contact details, PAN and Aadhaar number, etc.

  • Moreover, provide additional information about your car, like the model, price, Insured Declared Value (IDV), etc. An IDV is the amount the insurance company would pay the insured/ policyholder if the car is damaged beyond repair or is stolen. The higher the IDV, the more will be the premium. Also, for renewal, you can enter your claim history, policy expiry date and any other information required to complete the form.

  • Remember that you may be eligible for a No Claim Bonus (NCB) in case of a claim-free year. The maximum NCB discount is 50%.

  • Further, you can enhance your coverage by adding riders to your base plan. Tata AIG has 12 add-on riders to help you with your insurance coverage.

  • Ensure you re-check the entered data once all the details are filled in. Then, proceed with online payment. After the payment, we will email the policy documents and other details to your registered email address.

Volvo XC40 Recharge Insurance Cost– Your Payable Premium Amount

Knowing your XC40 Recharge insurance price or premium before buying a particular car insurance policy is essential. Hence, at Tata AIG, we believe in providing transparency and clarity on your premium payable. Our car insurance premium calculator thus helps to calculate the estimated Volvo XC40 Recharge insurance cost.

The calculator is an easy, quick, accurate online tool that helps plan your monthly budget. Certain factors may affect your Volvo XC40 Recharge insurance cost or premium. These factors are also taken into consideration in our premium calculator. These may include.

The type of plan selected (comprehensive, standalone third-party, standalone own damage)

  • Make and model of your car

  • No claim bonus discount, usually for comprehensive insurance

  • Location and age of your vehicle

  • Insured's age and driving record

  • Any modifications are done or additional devices added

  • Riders or add-ons included.

Apart from these factors, Insured Declared Value (IDV) is another crucial factor that determines your XC40 Recharge insurance price. IDV is the amount the insurance company will pay the insured in case of total loss or theft of your car. IDV is typically the current market price of your vehicle. Since IDV is an important determining factor for your insurance, selecting a proper IDV while purchasing or renewing your policy is recommended. The higher the IDV, the more will be your insurance premium and vice versa. Also, your car's current IDV will always be lower than the previous year since your car goes through regular wear and tear throughout the year.

Although third-party insurance is mandatory, having a comprehensive policy is usually recommended. The premium may be high for this policy, but the coverage offered and the benefits compared with a third-party or standalone is more holistic. Consider purchasing your car policy online from a trusted insurer like Tata AIG for all-around coverage, online facility, quick processing and affordable pricing.

Additional Rider Plans for Your Volvo Car Insurance

Opting for an additional rider plan for your Volvo insurance from Tata AIG will offer extra coverage and protection beyond the base policy. Adding these riders to your Volvo XC40 Recharge car insurance ensures that you and your car are adequately protected in any unexpected event. Thus, giving you not just complete protection but also peace of mind.

Adding a rider to your existing comprehensive plan can strengthen and extend your comprehensive coverage. Tata AIG offers 12 car insurance add-ons, as mentioned below.

No Claim Bonus Protection: Earn a reward from the insurance company for every claim-free year.

Roadside Assistance: Get access to on-the-spot repairs from a flat tyre to a dead battery.

Repair of Glass Fiber and Plastic Parts: No need to get the entire part replaced for minor damage; get it repaired instead. This will also not affect your NCB.

Daily Allowance: For repairs that may take more days to be resolved, get a daily allowance for commutation.

Emergency Transport and Hotel Expenses: For accidents in the middle of the journey, leading to an overnight stay at a hotel or travel expenses back to your home or the closest city.

Key Replacement: Covers the cost of key replacement.

Engine Secure: Expenses incurred for repairing and replacing internal parts of the engine, especially for cars in flood-prone areas.

Tyre Secure: Covers repair and replacement expenses of tyres due to accidental damage.

Consumables Expenses: The cost of consumables to replace or replenish due to the accident is covered.

Loss of Personal Belongings: Loss or damage to the insured personal belongings is included.

Return to Invoice: In case of total loss or the car is stolen, you will be reimbursed shall be provided as the difference between the sum assured and the car's invoice value.

Zero Depreciation (Depreciation Reimbursement): Get the entire value of your car's components without any depreciation deduction during a car insurance claim. Click here to know more.

Things Included/Excluded Under Tata AIG's Volvo XC40 Recharge Car Insurance

To make a 4-wheeler insurance purchase, knowing about the policy's inclusions, exclusions and terms and conditions is essential. Check the table below to learn more about what is included and not in Tata AIG's car insurance policy.

Things included in Tata AIG Volvo XC40 recharge Insurance Things not included in Volvo XC40 recharge Insurance
Our standalone own damage and comprehensive car insurance will cover any major or minor accidental damage to your car. The car insurance policy will not cover regular depreciation, wear and tear, mechanical and electrical failure, and other issues caused to the car due to daily use.
If your car is stolen or suffers total damage, the insurance company shall pay the IDV, which is typically the current market value of your car. If the damage to your car is sustained due to reliability or speed testing or use for other adventure sports, the damage cost shall not be covered.
Third-party liabilities, such as third-party property damage or bodily injury caused by your car, are covered by a standalone third-party cover or comprehensive 4-wheeler insurance. Any loss or damage caused if found driving a car without a valid licence, other mandatory documents, or not following traffic rules, will not be covered.
The personal accident coverage amount for the owner-driver under our car insurance policy is ₹15 lakhs. This includes medical expenses incurred while treating injuries sustained due to accidents. Your personal car cannot be used for commercial purposes. If done, the damages sustained shall not be covered. Also, if the driver is under the influence of drugs or other intoxicating substances, no coverage will be provided.
You can enhance the policy's coverage by opting for 12 unique car insurance add-ons, which include roadside assistance, no claim bonus discount, zero depreciation cover, etc. No coverage shall be offered if the car is damaged outside the geographical location.

Why Should You Get Tata AIG Volvo Car Insurance?

Picture this. You go on a drive with your family in your new Volvo XC40 Recharge. Everyone is enjoying the smooth drive, the beautiful weather outside, and the comfortable interiors are simply relaxing. Suddenly, a reckless driver cuts in front of your car, and you lose control. Your car bangs at a pole adjacent to the road causing damages to the car and minor injuries to you.

The financial repercussions could be huge if you did not have car insurance in such a scenario. Although car insurance cannot erase this memory or heal your wounds, it can help you during difficult times.

Hence, it is an intelligent move to consider purchasing a four-wheeler insurance policy from a trusted brand like Tata AIG. Some of the benefits of having Tata AIG car insurance are:**

Brand reputation:** With 20+ years of experience in the insurance sector, Tata AIG is known for its holistic product coverage, customer-centric approach and impeccable customer satisfaction.

Comprehensive coverage: Our comprehensive car insurance plan is designed specifically to address the needs of the insurance buyer. Moreover, there is an option to customise your plan; you can add any or different riders from our 12 unique add-ons.

Affordable premiums: Comprehensive coverage does not necessarily come at a higher cost, with Tata AIG getting value for money with our affordable premiums.

Team of professionals: With more than 650 in-house claim experts and a 24x7 customer support facility, customer satisfaction is always our priority.

Quick claim settlement: With our easy 3-step insurance claim initiation process, the settlement procedure speeds up, thus enabling a shorter turnaround time. Moreover, we take pride in announcing a high Claim Settlement Ratio (CSR) of 98% for the financial year 2020-21.

Network of garages: We have over 7500 garages nationwide, enabling you to enjoy a cashless claim facility.

Online features: Tata AIG website facilitates comparing, buying, renewing or initiating claims online hassle-free and swiftly. You can also use our online insurance premium calculator, locate a garage nearby or track your claim easily through our website. Hence, buying a car policy online promotes paperless processes and is quick and easy.

Volvo XC40: A Brief Overview & USP

The new Volvo XC40 Recharge is the Swedish carmaker's first pure electric vehicle. The company offers two versions of this model in the foreign market — a 400bhp dual-motor all-wheel-drive and a single-motor 230bhp front-wheel-drive. However, in India, 400bhp dual-motor all-wheel-drive is available. Like its non-electric counterpart, the Volvo XC40 Recharge is on the Compact Modular Architecture (CMA).

Design: The design of the Volvo XC40 Recharge is similar to the award-winning XC40 SUV. The main amendment in the electric version is the front grill. Also, the electric version's headlamps are more angular than the regular XC40. This electric SUV has a sporty, modern, stylish and sleek design. The electric SUV looks excellent on the road and has all the features drivers need in a vehicle.

Charging: The XC40 Recharge's battery can touch 0-80 per cent of the charging in just 40 minutes using a 150kW DC fast charger. If an 11kW AC charger is used, the battery can charge from 0-100 per cent in 2.5 hours.

Features: The Volvo XC40 Recharge has various features like an all-digital instrument cluster, panoramic sunroof, Thor's hammer LED headlamps, wireless charger, powered front seats, 360-degree camera, dual-zone climate control and others.

Engine and performance: The XC40 Recharge uses a 75kWh battery to power its two motors. The combined output from both these motors gives around 402bhp and 660 Nm torque, which enables the SUV to touch 100 kmph speed in just 4.9 seconds.

Safety: The luxury car has seven airbags, ADAS functionalities such as lane keep assist and adaptive cruise control to ensure additional safety. It also has a tyre pressure monitoring system (TPMS) and ISOFIX child seat anchorages.

Volvo XC40 Recharge Variants and Prices

The Volvo XC40 Recharge is available in a single, fully loaded variant XC40 Recharge P8 AWD. The ex-showroom price in Mumbai is ₹56.90 Lakh.

Top Competitors of Volvo XC40 Recharge

Kia EV6

Hyundai Ioniq 5

BMW i4

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

What does the Tata AIG comprehensive policy for Volvo XC40 Recharge cover?

What does the Tata AIG comprehensive policy for Volvo XC40 Recharge cover?


The policy covers damages caused to the car due to accidents, fire, natural calamities, and theft. It also covers third-party liability and personal injury cover.

What is the Volvo XC Recharge insurance cost?


Your Volvo car insurance price depends on various factors. These factors are also applicable during your Volvo car insurance renewal process. Critical factors include the car's make and model, condition, age and location of your car, age and driving history of the driver owner, type of plan selected, the IDV and the add-ons included etc. Since insurance premiums may vary from one individual to another, we recommend you use our car insurance premium calculator to estimate your car insurance premium.

What documents are required to buy Volvo insurance from Tata AIG?


Some of the general documents required to purchase your Volvo XC40 Recharge insurance include your car's registration certificate (RC), previous insurance policy details (if any) also, information about the claim history to earn NCB if applicable, your details like name, address, contact number etc.

Can I proceed with my Volvo car insurance renewal online?


Your Volvo car insurance renewal can be done online through the Tata AIG website. In just a few steps, you can renew your policy and the documents and other policy details shall be sent to your registered email address or WhatsApp number. To renew your policy online, visit the car insurance page, enter your car's registration number and "Renew".

How can I reduce my car insurance premium?


Here are a few ways to reduce your Volvo XC40 recharge insurance price or premium: Compare and choose the plan wisely Pay yearly premiums rather than monthly premiums Choose add-ons carefully Do not raise claims for minor damages to keep your NCB intact Raise your voluntary deductibles Avoid unnecessary car modifications Install anti-theft devices in your car Renew your policy on time. Read here to learn more.

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.