E-Rickshaw Insurance

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Disclaimer:Tata Capital Limited (“TCL”) registered with IRDAI (License No. CA0896, valid till 21-Jan-2027), acts as a Corporate Agent “Composite” for Go Digit General Insurance Limited. Please note that, TCL does not underwrite the risk or act as an insurer. For more details on the risk factors, terms and conditions please read sales brochure carefully of the Insurance Company before concluding the sale. Participation to buy insurance is purely voluntary.

The Registered office of TCL is Tata Capital Limited, 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam, Marg, Lower Parel, Mumbai-400013.
The Registered Office of Go Digit: Go Digit General Insurance Limited, 1st Floor, Fairmont, Hiranandani Business Park, Powai, Mumbai – 400076.
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Check e-Rickshaw Insurance Price & Renew Policy Online Instantly

All the e-rickshaw owners in India need to secure their commercial electric rickshaws from damages, theft, third-party liabilities and to comply with the law, which makes it necessary to have an e-rickshaw insurance policy in place.

So, here’s an e-rickshaw insurance guide to help electric rickshaw owners buy or renew the policy in a hassle-free manner.

What is e-Rickshaw Insurance?

An e-rickshaw insurance is a type of commercial vehicle insurance policy that serves as a protection for electric three-wheelers against any unforeseen damage or loss resulting from accidents, theft, natural calamities, etc. 

In India, it is mandatory by law to have at least have a third-party e-rickshaw insurance policy. However, for added protection, you can get comprehensive e-rickshaw insurance or Own Damage plan as well.

You can avail yourself of the e-rickshaw insurance online policy at an affordable and customized premium at Digit Insurance.

How Does e-Rickshaw Insurance Work?

Commercial vehicle insurance is a contract between you and the insurance company. You pay a small amount as the premium and in turn the insurer provides you with financial protection for your vehicle against damages due to accidents, natural disasters, theft, and other unforeseen events. Here's how it works

Choose a Policy

You choose the type of commercial vehicle insurance plan, including the appropriate add-ons that suit your needs and budget

Buy or Renew Policy

As per your chosen commercial vehicle insurance plan, you can buy or renew car insurance online instantly with Digit and renew your policy with minimal paperwork.

Pay Premium

After purchasing the policy, you have to pay regular payments or commercial vehicle insurance premium to the insurance company, either annually or in installments.

File a Claim

File a claim with your insurer and provide the required documents. After damage assessment, the insurer will settle the claim as per the policy terms.

Is Having e-Rickshaw Insurance Mandatory?

Yes, as per the Motor Vehicles Act, it is compulsory for all vehicles driving on Indian roads to have at least an active Liability Only Policy in place that covers damages caused to third parties by your electric rickshaw. Without this, you would have to pay a penalty and can even be jailed.

However, if you have a business using multiple e-rickshaws or if you use e-rickshaw as a primary source of income then you should go for Standard Package Policy, as it covers damages caused to your own vehicle and the owner-driver in addition to third-party liabilities.

why should you get e rickshaw insurance

Why Should You Get e-Rickshaw Insurance?

An electric auto rickshaw insurance policy is needed because of the reasons listed below: 

  • It is mandatory for all e-rickshaw owners and for businesses that own e-rickshaws to buy a Third-party Liability Only Policy as per law as it covers the business financially if the vehicle suffers damage or causes damage to a third-party vehicle, property, or person.

  • E-rickshaw insurance also helps the vehicle owner against any losses due to factors like accidents, thefts, fires, terrorist activities, natural calamities, and other unforeseen circumstances.

  • Having a policy ensures that you don’t face any unplanned losses or downtime.  

  • An e-rickshaw insurance also assures that your customers/passengers that you’re a responsible business and are serious about your work.

Why Choose e-Rickshaw Insurance by Digit?

We treat our customers like VIPs, know how…

Customize your Vehicle IDV

Customize your Vehicle IDV

With us, you can customize your vehicle IDV as per your choice!

24*7 Support

24*7 Support

24*7 call facility even on National Holidays

Super-Fast claims

Smartphone enabled self-inspection processes takes minutes!

Key Features of e-Rickshaw Insurance by Digit

Key Features Digit Benefit
Premium  Starting from ₹1539 
Claim Process  Paperless Claims 
Customer Support  24x7 Support 
Additional Coverage  PA Covers, Legal Liability Cover, Special Exclusions and Compulsory Deductibles, etc. 
Damages to Third-Party  Unlimited Liability for Personal Damages, Up to 7.5 Lakhs for Property/Vehicle Damages 

What's Covered in e-Rickshaw Insurance by Digit?

An e-rickshaw insurance policy offered by Digit covers the following:

Damage incurred due to accidents

Damage incurred due to accidents

The policy covers any damage caused to the e-rickshaw due to an accident.

Personal accident

Personal accident

If the accident of the e-rickshaw leads to injury or death of individuals travelling in it or driving it, the insurance policy will cover it.

Loss suffered by third parties

Loss suffered by third parties

Any damage caused to third parties will be covered under the policy, in case the damage is caused directly by the e-rickshaw.

Theft

Theft

Loss of the e-rickshaw due to theft is covered by Digit’s e-rickshaw insurance policy. It also covers damage caused to the vehicle due to the theft.

Fire and natural calamities

Fire and natural calamities

Damage caused to the e-rickshaw due to fire or natural calamities like earthquakes, floods, etc. are covered by the policy.

What’s Not Covered in e-Richshaw Insurance by Digit?

Now that you know what’s covered under the policy, let us look at what is not covered under Digit’s electric rickshaw insurance policy.

Consequential damages

Any damage to the e-rickshaw that is not a direct result of the accident or natural calamity is not covered by the policy.

Driving without license or when drunk

If the person is driving the vehicle without a valid license or when drunk, the damage caused to the e-rickshaw will not be covered.

Outside Geographical Area

Any accidental loss or damage and/or liability caused, sustained or incurred outside the geographical area.

Contractual Liability

Any claim arising out of any contractual liability.

Add-ons not Bought

Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.

Add-ons Available with e-Rickshaw Insurance by Digit

Digit offers the following 8 add-ons with the e-rickshaw insurance policy to provide enhanced protection for passenger carrying vehicles. Choose the ones most suitable for you to get better coverage.

Consumable Cover icon

Consumable Cover

Your e-rickshaw's bits and pieces, like the nuts and bolts, screws, and grease are covered under the consumable add-on in case they are damaged or lost in an accident.

Parts Depreciation Protect

Zero Depreciation

This add-on offers you peace of mind by removing depreciation costs on the vehicle parts during claim settlements. So, you get a higher payout at the time of claim with Zero Dep add-on.

Key and Lock Replacement icon

Key and Lock Replacement

The key and lock replacement add-on covers the cost of replacing locks and keys, installing a new lock set etc., in the insured electric three-wheeler if its lockset is damaged or the keys are lost.

Breakdown Assistance icon

Breakdown Assistance or Roadside Assistance

The breakdown assistance add-on has your back 24x7. It assists you in case your e-rickshaw breaks down on the road due to an accident, flat tires, malfunctioning battery, or other factors.

Loss of Revenue icons

Loss of Revenue

If you have incurred any loss of income when your e-rickshaw was not available when it was being repaired due to damage, then this add-on will compensate you for the amount.

Additional Towing Expenses

Additional Towing Expenses

Under this add-on, you will be compensated for the additional expenses incurred when your e-rickshaw is being towed from the spot of accident to the nearest garage or place of safety.

EMI Protection Cover

EMI Protection Cover

If your e-rickshaw is taken on a loan and is being repaired in a garage due to damage in an accident, it might cause a loss to your business. However, with this add-on, you will be paid regular EMIs payable to the financier of the vehicle recorded in our books.

Return to Invoice Cover icon

Return to Invoice

Under return to invoice cover you will be compensated in case of a total loss/constructive loss or if your e-rickshaw is stolen. You will get the amount or a new electric auto at the prevailing ex-showroom price, which will be the same make, model, and variant. However, if it is discontinued, you will be paid the difference between the last available ex-showroom price and claim payable under OD section of the Base Policy.

Additional Coverages or Endorsements Available with e-Rickshaw Insurance by Digit

Digit also offers optional covers for electric 3-wheeler insurance, which provide enhanced coverage to protect in all circumstances, including:

  • Personal Accident Cover
  • Unnamed PA Cover
  • Legal Liability Cover
  • IMT 23 Cover
  • Electrical Accessories Cover
  • Non-Electrical Accessories Cover
  • Special Exclusions & Compulsory Deductibles Cover

e-Rickshaw Insurance Plans by Digit that Fit Your Needs

Third-Party Plan

A Third-party insurance is one of the most common types of e-rickshaw insurance; in which only damages & losses caused to a third-party person, vehicle or property are covered.

Comprehensive Plan

A Comprehensive insurance is one of the most valuable types of e-rickshaw insurance that covers both third-party liabilities and damages to your own e-rickshaw as well.

Difference between Third-Party vs Comprehensive e-Rickshaw Insurance

Liability Only

Standard Package

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Third Party Insurance Premiums for e-Rickshaws

Here is the e-rickshaw insurance price list for third party plans in India. These prices are fixed by the IRDAI in 2024 for electric three-wheeler vehicles carrying passengers, with a capacity of up to six passengers.

Segment Premium Rate (effective January 2024)
Basic Premium  ₹1,539 
For Each Passenger  ₹737 

How to Buy/Renew e-Rickshaw Insurance Online with Digit?

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Enter Vehicle Details

On the Digit App or website, enter the vehicle registration number and select the policy status.

Choose a Plan

Select the type of vehicle insurance plan and choose desired add-ons.

Enter Personal Details

Enter your personal, nominee and vehicle details, and move to the next step.

Make Payment

Complete the payment and mandatory KYC verification process.

That's It!

You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.

How to Choose the Right e-Rickshaw Insurance Policy?

Here’s what all you need to look for to pick the right motor insurance for your electric three-wheeler:

  • Right Insured Declared Value (IDV): The e-rickshaw insurance price significantly depends on the IDV. It is the manufacturer’s selling price of the e-rickshaw you want to insure, which also includes depreciation amount on its parts. So, to get the right e-rickshaw premium price, make sure your IDV is stated correctly.
  • Review Add-Ons: Review all the add-ons available and get only the ones most suitable for you. This will ensure the best e-rickshaw insurance price and provide enhanced coverage. 
  • Service Benefits: An insurance policy should be there for you at any time. So, look for a policy with 24x7 Customer Support and a wide network of cashless garages, among other services.
  • Claim Speed: Getting your claims settled on time is the most important aspect of any insurance policy. So, pick an insurance company to get the best experience.

What are the Factors Affecting e-Rickshaw Insurance Premium?

Check these factors before buying e-rickshaw policy online as these will affect your e-rickshaw insurance price:

  • Model, Engine & Make of the Vehicle: The e-rickshaw insurance premium amount is largely determined by its make and model. So, check your electric rickshaw’s model and make, type of fuel, its manufacturing year, and other additional features to get an idea of the premium price. 
  • Location: The place you register and choose to ride your e-rickshaw also affects the insurance premium. For example, if you drive in metropolitan cities with a lot of traffic and accident rates, you would be charged a higher premium, as compared to safer and smaller cities.
  • No-Claim Bonus: If you already have an insurance policy and want to do e-rickshaw insurance renewal online, then check your ncb before doing so. You might get your premium at a discounted rate if you haven’t filed a single claim in the previous policy term.
  • Type of Insurance Plan: The type of e-rickshaw insurance plan you opt for also determines its premium amount. A third-party policy is the most basic and affordable one, while the comprehensive policy will charge you more premium depending on various factors.

Top Electric Auto Rickshaw Models in India in 2025

Name of the Model  Ex-showroom Price
Saarthi DLX  ₹90,000 
Atul Elite Plus  ₹1.12 Lakh 
Kinetic Safar Smart  ₹1.45 Lakh 
Lohia Narain DX  ₹1.65 Lakh 
Lohia Humsafar IAQ  ₹1.80 Lakh 
Mahindra e-Alfa Super  ₹1.82 Lakh 
Piaggio Ape e-city  ₹1.95 Lakh 
Mahindra Treo Yaari  ₹1.96 Lakh 
Bajaj RE E TEC 9  ₹3.07 Lakh 

Disclaimer: All the above prices are ex-showroom prices in Delhi and may differ in other cities.

FAQs about e-Rickshaw Insurance Policy in India