3 wheeler auto rickshaw insurance online
First let’s understand what a 3 wheeler auto rickshaw is? Auto rickshaws are considered as one of the most important forms of public transportation. As it is easily available and can go anywhere as compared to other public transportation. And when being driven all throughout the day as well as the increasing rate of road accidents, it’s very necessary to have 3 wheeler auto rickshaw insurance, which will help in providing financial coverage of damage to the auto rickshaw owner, his auto as well as the third party.
In India it’s necessary to carry the insurance copy of the vehicle. And now you can have 3 wheeler auto rickshaw insurance online, in simple steps without any problem.
Types of 3 wheeler auto rickshaw insurance plan Online
There are many insurance providers in the market today, and most of them provide two types of auto rickshaw insurance plans.
Third party Auto rickshaw insurance – this provides financial aid to the damage that have been affected to the third party during an accident, for which they might have serious physical injuries or might have died in that situation, and for which you are found responsible. It also provide you financial aid from the legal case which the third party may put on you for the damage you have done.
Comprehensive or first party insurance – even after covering the above mentioned points, the comprehensive or first party insurance also covers the damage to the own vehicle in case of accident, fire or any damage which was inflicted by external forces.
What’s covered in 3 wheeler auto rickshaw insurance
In 3 wheeler auto rickshaw insurance, these below mentioned points are covered:-
ACCIDENTS – Damages caused to the vehicle in an accident is covered by this policy.
FIRE – Damages caused by fire are covered under this policy.
THEFT – Loss of vehicle due to the theft, are covered under this auto rickshaw insurance policy.
NATURAL CALAMITY – Any damage which is inflicted on the vehicle due to any natural calamities, such as Flood, Lighting, Storms,etc,. are covered under this insurance policy.
THIRD PARTY – Any damage which is caused due to you, on the third party, this insurance policy helps to cover that damage.
What’s not covered in 3 wheeler auto rickshaw insurance
Below mentioned points are the exclusion of 3 wheeler auto rickshaw insurance coverage,
1.Drink and driving, as well as driving without license.
2.Mechanical breakdown.
3.General wear and tear.
4.Any loss occurred on the insured vehicle due to rash driving or any illegal purpose, will not be covered under the policy.
5.Non accidental losses.
3 Wheeler Auto Rickshaw Insurance Price Online
The 3 wheeler auto insurance price of first category,ie, auto rickshaw third party insurance price is Rs 6077 + GST for one year, whereas for Comprehensive or first party auto rickshaw insurance cost is 15% more than that of third party.
Auto rickshaw insurance price list
| Auto Rickshaw Model | Premium Plan |
| 1. Bajaj Maxima | 5870 |
| 2. Piaggio Ape | 5700 |
| 3. TVS King | 5880 |
| 4. Mahindra Alfa | 5965 |
| 5. Lohia Hamsafar | 6320 |
Key features of an auto rickshaw insurance
| Key Features | Benefits |
| Third party damage | Unlimited liability for personal damage and upto 7.5 lacs vehicle or property damage |
| Accidental Coverage | Upto insured sum |
| Theft Coverage | Included in comprehensive insurance policy |
| Price | 6077 for third party |
How to buy/renew auto rickshaw insurance online
Follow this easy step for auto rickshaw insurance renewal or buying online,
- Enter every detail of your auto rickshaw such as registration number, manufacturing year, sitting capacity, etc.
- Compare the multiple package quotes available online.
- Choose any one of the quotes according to your need.
- Fill up the communication details in which you want your original insurance copy.
- Download the soft copy which will show after the payment succession.
Add- on coverage available for three wheeler auto rickshaw insurance
There are several add-on covers that are commonly available for auto rickshaw insurance policies. Some of these add-on covers include:
1.Zero Depreciation Cover: This provides reimbursement for the full value of parts replaced in the event of an accident, without any deduction for depreciation.
2.Engine Protection Cover: It provides protection for the engine of the auto rickshaw in the event of damage due to which water ingression or oil leakage.
3.Personal Accident Cover: It provides financial protection to the owner of the auto rickshaw in the event of death or disability.
4.Roadside Assistance Cover: This provides assistance in the event of a breakdown, including towing services and minor repairs.
5.Medical Expenses Cover: This provides reimbursement for medical expenses incurred as a result of an accident.
It is important to carefully review the terms and conditions of any add-on cover before purchasing it, to ensure that it meets your specific needs and requirements.
Benefits of buying auto rickshaw insurance online
1.Multiple quotes choices at one place.
2.No claim bonus benefits.
3.Instant comparison of coverage as per your need.
4.Discounted premiums.
5.Various add-ons as per the choices.
How to register an auto rickshaw claim
Steps to follow, to file claim in auto rickshaw insurance policy.
1.First, inform the insurance company about the incident, which involves your 3 wheeler auto rickshaw.
2.Second, when informed, then insurance providers will come and physically inspect the damage.
3.Third, the network garage will make the repair work evaluation.
4.Fourth, after the repair is done, the invoice is submitted to the insurance provider.
5.Fifth, fill the form,and submit the required documents.
6.Sixth, the bill will be settled directly with the network garage.
List of documents required during the claim
- Copy of registration certificate of three wheeler auto rickshaw.
- Original repair bill or invoice.
- Original loss estimate.
- Repaired payment statement.
- Police FIR.
- In case of theft, Non Traceable Certificate as well as vehicle key (if the 2nd key is there).
Frequently asked questions
Q1. What are the Benefits of 3 wheeler auto rickshaw insurance policy?
ANS :- 3-wheeler auto rickshaw insurance is a type of insurance policy specifically designed for 3-wheeled vehicles that are commonly used as public transportation in many countries. Some of the benefits of having a 3-wheeler auto rickshaw insurance policy are:
Financial protection: In the event of an accident, a 3-wheeler auto rickshaw insurance policy can help cover the costs of damages to your vehicle as well
Liability coverage: If you are involved in an accident that causes injuries or damages to another person or their property, your 3-wheeler auto rickshaw insurance policy can provide liability coverage to help pay for these expenses.
Peace of mind: Having a 3-wheeler auto rickshaw insurance policy can provide you with peace of mind while driving, knowing that you have protection in case of an unexpected event.
Legal compliance: In many countries, it is a legal requirement to have insurance coverage for your vehicle. Having a 3-wheeler auto rickshaw insurance policy can help you comply with these laws and avoid any legal penalties.
Optional coverage: Many 3-wheeler auto rickshaw insurance policies offer additional coverage options, such as personal accident coverage for the driver or coverage for theft or fire damage. You can choose the coverage that best meets your needs and budget.
Q2. How to find out which insurance is best for 3 wheeler auto rickshaw?
ANS :- There are several factors to consider when determining the best insurance for a 3 wheeler auto rickshaw:
Coverage: Make sure the insurance policy covers damages to the vehicle, third party liabilities, and personal injury protection.
Cost: Compare the premiums and deductibles of different insurance policies to find the most affordable option.
Reputation: Research the reputation of the insurance company to ensure they have a history of providing good customer service and paying out claims.
Inclusions: Check if the policy includes additional benefits such as roadside assistance or towing coverage.
Claim process: Look into the claim process of different insurance companies and choose one with a simple and efficient process.
Q3. How much is the insurance amount?
ANS:- Rs 6077 + GST for one year for third party, and 15% extra premium for comprehensive insurance coverage.
Third Party Insurance Price Source – IRDA Latest Motor Insurance Tariffs