The electric vehicle industry in India is experiencing another big leap with the rollout of the EV insurance 2025 India policy update. Beginning August 2025, the Insurance Regulatory and Development Authority of India (IRDAI) has launched exclusive insurance plans tailored specifically for electric vehicles (EVs). These new plans aim to provide broader, tech-centric, and cost-effective coverage for EV users across India.
Traditional motor insurance policies often failed to address the unique risks associated with electric vehicles, such as battery damage, software malfunctions, and charging infrastructure protection. This update, therefore, fills a long-standing gap in the Indian EV insurance market and supports the government’s push for sustainable transportation.
If you own or plan to buy an electric vehicle in 2025, here’s a detailed overview of what the new EV insurance 2025 India plans offer and how they benefit both individuals and fleet owners.
What’s New in the EV Insurance 2025 India Policy?
IRDAI has worked in collaboration with private and public insurers to roll out specialized EV insurance products, effective August 2025. These new plans go beyond basic third-party coverage and are designed to address the specific components of an EV.
Key Features:
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Battery Protection Add-on: Covers battery degradation, short circuits, and fire damage
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Charging Equipment Cover: Insures home chargers and public charging cables
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Software Risk Coverage: Covers onboard diagnostics, firmware corruption, and theft of telematics
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Zero Depreciation Clause: Higher claim value even after usage
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Personal Accident Add-on for EV riders including delivery executives
This rollout under EV insurance 2025 India applies to both two-wheeler and four-wheeler EV segments, including personal vehicles, taxis, and delivery fleets.
Premiums and Policy Benefits – 2025 Overview
The premium rates have been structured to be competitive while offering maximum coverage for EV-specific risks.
| Vehicle Type | Approx. Annual Premium (₹) | Key Inclusions |
|---|---|---|
| EV Two-Wheelers | ₹1,200 – ₹2,500 | Battery, charger, zero-dep, personal accident |
| EV Four-Wheelers | ₹3,000 – ₹8,000 | Full-body cover, theft, charging infra, driver |
| Fleet EVs (Delivery) | ₹5,500 – ₹12,000 | Multiple rider coverage, software, GPS theft |
Discounts are offered for vehicles with factory-fitted safety devices or users who charge their EVs through certified green energy providers.
Why This Matters for EV Owners in India
The updated EV insurance 2025 India plans have been welcomed by the industry and consumers alike. Here’s why they’re important:
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Tailor-made for EVs — battery and software are now covered
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Saves cost — especially on battery replacement and diagnostics
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Promotes EV adoption — as financial risk is now minimized
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Covers public and private charging infrastructure
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Supports app-based claims — fast and digital process
This IRDAI-backed initiative is also expected to inspire auto companies and dealerships to offer bundled insurance packages for EV buyers.
How to Get the New EV Insurance Plans
To buy the new EV insurance 2025 India plan, follow these steps:
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Visit your preferred insurer’s website or mobile app
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Enter your EV registration number and KYC details
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Choose the “Electric Vehicle Plan” section
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Customize your policy by selecting:
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Battery cover
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Software cover
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Personal accident or delivery rider add-on
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Pay via UPI/net banking and download the e-policy instantly
You can also request a physical copy, but digital insurance is now widely accepted across all India RTOs.
FAQs
What is the EV insurance 2025 India plan?
It’s a newly launched insurance model introduced in August 2025, offering customized coverage for electric vehicles, including battery, charger, software, and other EV-specific components.
Is battery damage covered under the new policy?
Yes, battery protection is one of the core add-ons available under the updated EV insurance policies.
Are these plans applicable to electric two-wheelers?
Absolutely. The policy applies to both private and commercial EVs, including scooters and bikes.
Will charging cables and home chargers be insured?
Yes, the new policies include protection for charging accessories such as home stations and portable chargers.
How can I claim for EV-related issues?
You can file a digital claim through your insurer’s app or website. Once your EV’s VIN and issue are verified, claims are processed within 3–5 working days.
Click here to know more.