Tata Ace 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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Tata Ace Insurance: Check Tata Ace Insurance Price & Renew Policy Online

tata ace image
source: ace.tatamotors.com

The Tata Ace is a multipurpose mini truck by Tata Motors that is extremely popular in India, thanks to its reliability and efficient performance. 

Available in petrol, CNG, and diesel options, Tata Ace boasts a strong payload capacity, a comfortable cabin, and an impressive fuel efficiency, making it quite economical.  

This light commercial vehicle is mostly used by small businesses for transportation of goods, and for everyday hauling tasks such as delivering groceries, agri products, beverages and bottles, FMCG and FMCD goods, e-commerce, dairy, pharmaceutical products and other food products.

So, it is important to protect this versatile and extremely useful vehicle in situations of loss or damage by getting a Commercial vehicle insurance policy by Digit, which is just as reliable as Tata Ace. 

what is tata ace insurance

What is Tata Ace Insurance?

Tata Ace Insurance is a type of commercial vehicle insurance policy designed to protect specifically Tata Ace, which is a light commercial vehicle used to transport goods. 

This comprehensive insurance policy covers you financially in case your Tata Ace suffers any unforeseen damage or loss due to accidents, theft, natural calamities, third-party liability, etc. The coverage you’ll receive will depend on the type of insurance policy you opt for and the add-ons you buy along with it.

How Does Tata Ace Insurance Work?

Tata Ace Insurance is a type commercial vehicle insurance that 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 tata ace insurance plan, including the appropriate add-ons that suit your needs and budget

Buy or Renew Policy

As per your chosen tata ace insurance plan, you can buy or renew auto rickshaw insurance online instantly with Digit

Pay Premium

After purchasing the policy, you have to pay regular payments or tata ace 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.

tata ace insurance mandatory

Is it Mandatory to buy Tata Ace Insurance?

Yes, having at least Tata Ace insurance third-party policy is mandatory by law in India to drive it legally on the roads, else you will have to face penalty and even imprisonment.

This type of insurance covers any damage or injury you might cause to other people or their property due to your vehicle.

Why Should You Buy Tata Ace Insurance?

If you own a Tata Ace, an insurance policy is a must have due to the following reasons:

  1. It is mandatory by law to have at least a Liability Only policy for commercial vehicles in India. Driving without one can lead to penalties.
  2. Tata Ace insurance protects you from financial risks in case it is damaged or stolen, as the insurance policy covers the cost of repairs or replacement of damaged parts of the vehicle. 
  3. Since Tata Ace is often used for deliveries of daily use products, it is more prone to accidents, damage or loss. Therefore, it's best to protect Tata Ace with a Standard Package insurance policy to prevent any loss of business.
  4. Getting insurance for Tata Ace also provides third-party coverage, meaning that it will cover any damage or loss caused to third-party by your vehicle.

Why choose a Commercial Vehicle Insurance for Tata Ace 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 process takes just a few minutes!

Key Features of Tata Ace Insurance by Digit

Key Features Digit Benefit
Claim Process  Paperless Claims 
Customer Support  24x7 Support 
Premium  Customized as per type of commercial vehicle & number of vehicles to be insured 
Customisable Add-ons  10 add-ons available 
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 a Tata Ace Insurance by Digit?

Accidents

Accidents

Damages and losses caused to the goods carrying vehicle due to an accident.

Theft

Theft

Any damages and losses caused to the goods carrying vehicle in the case of a theft.

Fire

Fire

Any damage or losses caused to the goods carrying vehicle in an unfortunate case of fire.

Natural Disasters

Natural Disasters

Any damage and losses caused to your goods carrying vehicle due to floods, earthquakes and other natural calamities.

Personal Accident

Personal Accident

Covers for any personal injuries or death of the owner-driver of the insured goods carrying vehicle.

Third Party Losses

Third Party Losses

Covers for losses and damage caused to a third-party vehicle, property or person due to the insured goods carrying vehicle, in the case of an accident or collision.

Towing Disabled Vehicles

Towing Disabled Vehicles

Covers for any damage caused to your goods carrying vehicle in cases where it's being towed.

What’s Not Covered in Tata Ace Insurance by Digit

It is equally important to know what’s not covered in your commercial vehicle insurance policy so that there are no surprises when you make a claim. Here are some such situations:

Own Damages for Third-Party Policy holder

In the case of a Third-Party Liability Only Policy, damage to your own vehicle won’t be covered.

Drunk Riding or without a Licence

If the owner-driver of the claimed vehicle is drunk or driving without a valid licence.

Contributory Negligences

Any damage caused due to contributory negligence of the driver (such as driving when there’s an existing flood).  

Consequential Damages

Any damage that is not a direct result of the accident/natural calamity, i.e., consequential losses like loss of earnings, loss of market, etc.

Add-ons Available with Tata Ace Insurance by Digit

Digit offers the following add-ons with Tata Ace insurance online to provide enhanced protection. Choose the ones most suitable for you to get better coverage.

Consumable Cover icon

Consumable Cover

A consumable cover covers the cost for your vehicle's bits and pieces, like the nuts and bolts, screws, engine oil, and grease in case of an accident.

Zero Depreciation Cover icon

Zero Depreciation Cover

Over time, your Tata Ace and its parts depreciate due to wear and tear, the value of which is usually deducted at the time of Tata Ace vehicle insurance claim. So, with Zero Dep add-on the depreciation cost is covered for any replaced parts in case of partial damage or loss due to an accident.

Engine and Gear Box Protect icon

Engine and Gear Box Protect

An accident can cause damage to your vehicle's engine or gearbox due to water ingress or oil leakage. In such a situation, Engine and Gear Box Protect add-on helps you by covering the consequential damage caused after the accident, such as engine damage due to hydrostatic loss.

Breakdown Assistance icon

Breakdown Assistance or Roadside Assistance

Breakdowns can happen anytime and anywhere. With breakdown assistance add-on, you get 24x7 assistance for issues like accidents, flat tires, or battery malfunctions, ensuring help is always available when you need it.

Loss of Revenue icons

Loss of Revenue

For businesses and individuals who rely on their vehicles for work, this add-on compensates for any loss of income when your Tata Ace commercial vehicle is being repaired due to damage.

Additional Towing Expenses

Additional Towing Expenses

If your vehicle is involved in an accident, it will need to be towed to a garage for repairs. So, with this add-on the additional expenses incurred while moving your vehicle from the accident site to the nearest garage or safe location are covered.

EMI Protection Cover

EMI Protection Cover

If your vehicle is taken on a loan and is damaged by an accident, and it’s sitting in a garage for repair that might mean a loss for your business. Through this add-on, you will be of the vehicle recorded in our books.

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Return to Invoice

In case of total or constructive loss, or theft of the insured vehicle, Return to Invoice add-on compensates you with the current ex-showroom price of a new vehicle. If the exact make, model, or variant is discontinued, the liability is limited to the difference between the last available ex-showroom price and the claim payable under the OD section of the base policy.

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Key and Lock Replacement

There are instances when the vehicle’s lockset needs to be replaced or the keys are misplaced and lost. In such scenarios, this key and lock replacement cover helps the policyholder get compensated for the cost incurred to get the vehicle’s locks and keys replaced, installing a new lockset etc., in the insured vehicle. However, this add-on is available only for passenger carrying vehicles.

Debris Removal Expenses

This add-on compensates for expenses incurred in cleaning up, removing debris, wreckage, or transhipping goods from the insured goods-carrying commercial vehicle to another vehicle in case of accidental damage or loss. The maximum amount payable is up to the sum insured opted by you.

Tata Ace Insurance Plans Offered by Digit

Third-Party or Liability Only Plan

The Liability Only Policy covers only cover the injuries or damage caused by your tata ace to any third-party person, vehicle or property, including the injury or death of the owner/driver of the vehicle. Also, it is mandatory to have at least a third-party insurance in India.

Comprehensive or Standard Package Plan

Under a Standard Package Policy, your vehicle is covered against the damage caused due to factors like accidents, fire, theft, natural calamities, etc. This policy also covers injuries or damages caused to any third-party as well as injury or death of the owner/driver of the tata ace. It also allows you to choose from a list of add-on covers to enhance protection.

Difference between Third-Party vs Comprehensive Tata Ace Insurance

Liability Only

Standard Package

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How to Buy/Renew Tata Ace Insurance Policy 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.

Rate of Depreciation in Tata Ace Vehicle Insurance

The Tata Ace insurance price depends upon the Insured's Declared Value (IDV) of the insured vehicle. This IDV is adjusted for depreciation value of your vehicle as per the below table.

This age-wise depreciation is applicable for only Total Loss/Constructive Total Loss (TL/CTL) claims.

Tata Ace Age  Depreciation Rate  
Not Exceeding 6 months  5% 
Exceeding 6 months but not exceeding 1 year  15% 
Exceeding 1 year but not exceeding 2 years  20% 
Exceeding 2 years but not exceeding 3 years  30% 
Exceeding 3 years but not exceeding 4 years  40% 
Exceeding 4 years but not exceeding 5 years  50% 

No Claim Bonus (NCB) Discount with Tata Ace Insurance

NCB full form is 'No Claim Bonus', which is a discount offered when you do not file any claim in the previous policy year. You can calculate the Tata Ace insurance amount after applying NCB using a No Claim Bonus Calculator available on insurance companies’ websites. 

The No Claim Bonus percentage for any commercial vehicle is generally calculated in the following way:

Claim free years No Claim Bonus
After 1 year  20% 
After 2 years  25% 
After 3 years  35% 
After 4 years  45% 
After 5 years  50% 

factors affecting tata ace insurance premium

What are the Factors Affecting Tata Ace Insurance Premium?

There are various factors that affect your Tata Ace first party insurance price, such as:

  • Model, Engine & Make of the Vehicle: Different models of Tata Ace have different features and therefore different risks. This is why each of them will have different Tata Ace insurance price.
  • Location: Different cities and areas have varying levels of risk. Some areas are safer for driving or more expensive than others, which directly affects the Tata Ace insurance amount.
  • No-Claim Bonus: If you have not made any claim in the previous policy year, then at the time of renewal you can get a discount on your Tata Ace insurance price as No Claim Bonus.
  • Type of Insurance Plan: Whether you opt for third-party liability insurance or comprehensive Tata Ace insurance plan, will directly impact the Tata Ace insurance amount, as each plan offers different coverage benefits.

Things to Consider Before Buying Tata Ace Insurance

When opting for Tata Ace insurance online, remember the following things:

  • Add-On Covers: Consider additional covers like zero depreciation, engine protection, etc., as they provide extra protection and peace of mind.
  • Insured Declared Value (IDV): The IDV is the maximum sum assured by the insurer in case of total loss or theft of the vehicle. Ensure the IDV is accurately calculated to make sure you get your right claim amount at the time of settlement.
  • Quick Claim Settlement: The main feature of any good Tata Ace insurance policy is to get your claims settled! So, make sure you pick an insurance company that will guarantee quick claim settlements.
  • Premium Costs: Compare premiums from different insurers to get the best Tata Ace third party insurance price.
  • Service Benefits: Consider services such as 24x7 Customer Support and a Wide Network of Cashless Garages, among others. In times of need, these services matter.

Why Should You Buy Tata Ace Vehicle for your Business?

Here are some reasons for Tata Ace’s unwavering popularity and why you should buy it:

  • Economical: Tata Ace stands out in the mini truck sector in India with its competitive price point and offers good fuel efficiency, thus, allowing you to save money in the long run.
  • Versatile: Available in diesel, petrol and CNG variants, this mini truck can work efficiently on different terrains and weather conditions
  • Payload Capacity: It has a strong payload capacity to ensure that you can transport a significant amount of cargo in one go.
  • Easily Manoeuvrable: Since Tata Ace has a compact size, it can easily fit into narrow streets and tight areas, making it perfect for delivering goods in urban settings and congested areas.
  • Durable: Tata Motors boast of a robust construction and dependable performance, which can be seen in Tata Ace as well. Thus, you will experience fewer breakdowns and lower maintenance costs.
  • Superior Service Network: Tata Motors is a trusted brand in the Indian automobile industry, so as a Tata Ace owner you get access to a wide service network, and easy assistance and repairs across the country.

Tata Ace Vehicle Specifications you Should Know

Tata Ace Gold Mini Truck or commonly known as Chhota Hathi, is built with cutting-edge technology to deliver exceptional performance. The newest BS-6 model boasts improved mileage, enhanced pick-up, increased payload capacity, greater convenience, and reduced maintenance costs. 

  • Ex-Showroom Price: ₹5.01 - 6.90 lakhs*
  • Mileage: 16 - 22 kmpl
  • Engine: 702 cc
  • Engine Type: Petrol, Diesel and CNG
  • Transmission: Manual 
  • Load Carrying Capacity: 710 - 750 Kgs
  • USPs: Compact and modern design, spacious cabin, superior mileage, and good load-carrying capacity.
  • Best for Road Type: Good for both rural and urban terrain
  • After Sales Service: Yes

Different Tata Ace Variants Covered Under Tata Ace Insurance by Digit

Here is the list of Tata Ace variants covered under Tata Ace insurance online:

  • Tata Ace Gold Petrol
  • Tata Ace Gold CNG
  • Tata Ace Gold CNG Plus
  • Tata Ace CNG 2.0
  • Tata Ace Gold Diesel
  • Tata Ace EV 1000
  • Tata Ace EV
  • Tata Ace HT+
  • Tata Ace Diesel

FAQs about Tata Ace Insurance