Taxi insurance
1. Coverage Options
Comprehensive Coverage: Protects against damage to the vehicle, theft, natural disasters, and liability for third-party damages.
Third-Party Liability: Covers damages caused to other vehicles, property, or individuals in case of an accident.
Passenger Liability: Provides coverage for injuries to passengers in the event of an accident.
2. Benefits
Cashless Claim Facility: Access to a network of authorized service centers for cashless repairs.
Personal Accident Cover: Offers coverage for the driver and passengers in case of an accident.
24/7 Roadside Assistance: Provides help in emergencies like breakdowns or accidents.
3. Add-On Covers
Zero Depreciation Cover: Ensures that claims are settled without depreciation deductions.
Engine Protection: Covers damages to the engine due to specified risks, such as water ingression.
Goods in Transit Insurance: Provides additional coverage for items transported in the vehicle.
4. Premium Calculation
The premium is influenced by factors such as the vehicle's make and model, age, usage type (e.g., full-time taxi or part-time), and the coverage options selected.
5. Claim Process
Filing a Claim: Typically involves submitting a claim form online or at a local office along with necessary documentation (registration, driver’s license, accident report).
Documentation Requirements: Accurate documentation is crucial for a smooth claims process.
6. Exclusions
Common exclusions may include wear and tear, mechanical failures, and damages incurred while driving under the influence of alcohol or drugs.
7. Renewal Process
Commercial car/taxi insurance can usually be renewed online, ensuring continuous coverage without interruptions.
Third Party Taxi Insurance Price List 2023
| Car Model | Cubic Capacity | Insurance Price (per year) |
|---|---|---|
| Maruti Suzuki Alto | 796 cc | ₹10,688 |
| Tata Indica | 1396 cc | ₹11,852 |
| Hyundai Santro | 1086 cc | ₹11,852 |
| Toyota Etios | 1496 cc | ₹11,852 |
| Mahindra Verito | 1461 cc | ₹11,852 |
| Tata Sumo (7+1) | 2956 cc | ₹19,459 |
| Toyota Innova (6+1) | 2494 cc | ₹17,225 |
| Mahindra Xylo (6+1) | 2489 cc | ₹17,225 |
| Maruti Wagon R | 998 cc | ₹10,688 |
| Maruti Swift | 1197 cc | ₹11,852 |
| Maruti Swift Dzire | 1197 cc | ₹11,852 |
| Maruti Ertiga | 1462 cc | ₹13,808 |
| Hyundai Xcent | 1197 cc | ₹11,852 |
