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e-Rickshaw Insurance Price & Policy Renewal Online 2025

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.

Table of Contents

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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.

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?

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!

What's Covered in E-Rickshaw Insurance?

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?

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

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

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

PA cover icon

Personal Accident Cover

A personal accident cover protects the owner-driver against bodily injury or death in case of an accident. Also, it is mandatory by law in India, so if you don’t already have this cover get it with your e-rickshaw insurance policy plan.

unnamed pa cover cv icon

Unnamed PA Cover

E-rickshaw is a passenger carrying commercial vehicle, so, it becomes important to have this coverage to protect the passengers against injury, who might be sitting in the vehicle at the time of an accident.

Legal Liability icon

Legal Liability

This additional cover protects your e-rickshaw business against any legal liability that may arise due to an injury caused to your employees or someone who works for you.

IMT 23

IMT 23

Get this endorsement to cover for losses or damage to electric rickshaw’s lamps, tyres, tubes, mudguards, bonnet, side part bumpers, headlights and paintwork in all circumstances, even if the vehicle is partially damaged.

Electrical Accessories icon

Electrical Accessories

This add-on will cover damage or loss of any electrical accessories fitted in your e-rickshaw, which is not a part of the manufacturer’s model.

Non-Electrical Accessories icon

Non-Electrical Accessories

This add-on covers damage or loss of any non-electrical accessories fitted in your electric three-wheeler, which is not a part of the manufacturer’s model.

Special Exclusions & Compulsory Deductibles icon

Special Exclusions & Compulsory Deductibles

This cover helps reduce your premium as you are then required to pay only a certain amount as your share of the loss, called the compulsory deductible in case of any loss. The add-on also cover the loss or damage to lamps, tyres, tubes, mudguards, bonnet, side part bumpers, headlights and paintwork if your e-rickshaw is completely damaged.

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 

Third-Party vs Comprehensive Auto Rickshaw Insurance

Liability Only

Standard Package

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Third Party 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 E-Rickshaw Insurance Online with Digit?

Step 1

On the Digit app or website, enter your electric 3-wheeler's registration number, mobile number, and click on ‘View Prices.’

Step 2

Select the plan, add-ons and IDV, and click on ‘Continue.’

Step 3

Enter your personal, nominee and vehicle details and click on ‘Pay Now.’

Step 4

Complete the payment and mandatory KYC verification process.

Step 5

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

Documents Required to Buy E-Rickshaw Insurance Online

To get electric three-wheeler insurance online from Digit, keep these documents handy:

  • Vehicle Registration Certificate (RC)

  • Previous year commercial vehicle insurance policy, if applicable

  • Any document among these for KYC verification - PAN/Aadhar/DL/Voter id/Form 16/Passport 

How to File a Claim with Digit?

To file a claim against e-rickshaw insurance online, follow these steps:

Step 1

Inform your insurer as soon as possible by calling Digit on 1800-258-5956 or dropping an email at hello@godigit.com.

Step 2

Keep your details handy such as policy number, location of the accident, date and time of the accident, and contact number of the insured/caller to make the process easier.

Step 3

Present the required documents required to file the claim and wait for the insurers to verify the details. Upon verifying, your claim will be processed.

How to Renew E-Rickshaw Policy with Digit?

Step 1

Go to Digit App or website and click on the ‘My Policy’ tab.

Step 2

Select the policy pending for tractor insurance renewal and click on ‘Renew Policy.’

Step 3

Now select the plan, IDV, add-ons and confirm the details, then click on ‘Pay Now.’

Step 4

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

How to Download Your E-Rickshaw Insurance Policy on Digit App?

To download your renewed or already active e-rickshaw commercial insurance policy with Digit, follow the given steps:

Step 1 - On the Digit app, go to the ‘My Policies’ tab at the bottom. All your current active policies will be displayed.

Step 2 – Choose the policy for which you want to download the document. Check the details and then click on ‘Download Policy’. Your electric three-wheeler insurance policy document will be downloaded.

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.

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 (No Claim Bonus) 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.

Electric Auto Rickshaws in India in 2025

Here is a list of the most popular electric three-wheelers 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.

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What our customers have to say about us

Vikas Thappa

I had a wonderful experience while prossesing my vehicle insurance with Digit Insuarnce . It is so customer friendly equipped with apt technology. Claim got resorted within 24 hrs even without physically meeting any person. The customer centers handled my calls well. My special recognition to Mr Ramaraju Kondhana who was handled the case in a excellent way.

Vikrant Parashar

Really an fab insurance company which declared the highest idv value n staff is really courteus n i m totally complacent with the staff n specially credit goes to uves farkhun who timely infork me about various offers n benifits which push me to buy policy only from digit insurance n now i have decided to buy policy of another vehicle from digit insurance only bcs of many factors lyk cost-related and service-related.

Siddharth Murthy

It was a good experience of buying my 4th Vehicle insurance from Go-digit. Ms. Poonam devi explaining the policy well, as well as she knew what was the expectation from the customer and gave the quote according to my needs. And it was Hassle free to make the payment online. Special thanks to Poonam for getting this done Asap. Hope the Customer relationship team become better day by day!! Cheers.

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