Compare E Rickshaw Insurance Price & Buy Policy

E-rickshaw insurance is a type of insurance policy designed to provide financial protection to owners of electric rickshaws in the event of an accident, theft, or other unforeseen circumstances. The policy covers the vehicle, driver, passengers, and third-party liability.


E rickshaw insurance price

E rickshaw insurance price for a third party policy with driver accidental cover is ₹4909 plus GST for e-rickshaw with 4 passengers sitting capacity.

Factors that Affect E Rickshaw Insurance Premium

Several factors can affect the premium of an E-rickshaw insurance policy, including:

  • Age of the E-rickshaw
  • Cubic capacity of the engine
  • Type of insurance policy chosen
  • Location of the owner
  • Age and driving experience of the driver
  • Past insurance claims history

How to Choose the Right E Rickshaw Insurance Policy

Choosing the right E-rickshaw insurance policy is crucial for the owner’s financial well-being. Here are some factors to consider when selecting an E-rickshaw insurance policy:

  • Coverage: Make sure to understand the coverage offered by the policy and choose one that meets your specific needs.
  • Premium: Compare the premiums of different insurance companies before making a final decision. Remember that the cheapest policy may not always be the best option.
  • Add-on covers: If you need additional coverage, opt for an insurance policy that offers relevant add-on covers.
  • Claims settlement: Look for an insurance company with a good reputation for prompt and hassle-free claims settlement.

Documents Required for E Rickshaw Insurance

To purchase E-rickshaw insurance in India, the following documents are typically required:

  • Registration certificate of the E-rickshaw
  • Driving license of the driver
  • Identity proof of the owner

Why do one need e rickshaw insurance?

  • If you or your organization owns e rickshaws, you are required by law to have a Liability Only Policy in place. This will financially protect you and your company if your e rickshaw (s) causes damage or loss to third-party property, person, or vehicle.
  • If you use your e rickshaw as a primary part of your business, it is recommended that you purchase a third-party or comprehensive insurance policy to protect your vehicle and the owner/driver from losses caused by natural disasters, accidents, terrorist activities, fires, thefts, and malicious acts, among other unexpected events.
  • An e rickshaw with proper insurance also assures your customers/passengers that you are a responsible individual/organization that takes your work seriously.
  • An insured e rickshaw guarantees that your business does not suffer any unforeseen losses or downtime, allowing you to focus your money and attention on other aspects of your business. 

What is covered in an e rickshaw insurance policy?


Partial or total loss of the vehicle to or by an e rickshaw at the time of any accident.

e rickshaw theft insurance policy


Loss of e rickshaw due to theft is covered in e rickshaw insurance policy.


Partial damages to e rickshaw or total loss because of fire hazards.

e rickshaw third party insurance price


Third party property damages are covered up to 7.5 lac and injuries/deaths of third parties are covered by unlimited amount.


E rickshaw insurance protects insured from losses arising out from damages to e rickshaw by any natural disaster such as floods, storms, lightning and such.

natural disasters

What’s Not Covered?

  1. Any damage caused when the driver was under the influence of drugs or alcohol
  2. Loss or damage due to war or nuclear risks
  3. Normal wear and tear of the vehicle
  4. Damage caused by electrical or mechanical breakdown
  5. Any damage caused outside the geographical limits of the policy
  6. Loss or damage due to depreciation
  7. Damage to the engine or gearbox due to oil leakage
  8. Loss or damage to accessories not included in the policy
  9. Damage caused by intentional or criminal acts by the driver or owner

E rickshaw insurance price list

Third party insurance depends on the sitting capacity of this vehicle. Here is the price list of top e rickshaw in India.

E rickshaw modelInsurance cost
Mahindra E alfa3890
Atul Elite plus4103
Piaggio Ape E city4701

Key Features Of 3 Wheeler E-Rickshaw Insurance

Key featureBenefit
Damages to third partiesTPPD cover up to 7.5 lac & Unlimited for liabilities.
Accidental CoverageDriver and liability cover, Own Damage.
Theft CoverageIncluded in comprehensive policy.
Models CoveredMahindra E alfa, Atul E rickshaws, Piaggio Rickshaw, Baja Rickshaw, Yatri.
Premium3890 for third party

Types of e rickshaw insurance

There are two different kinds of E rickshaws insurance available, as listed below.

  • Third-Party E rickshaw Insurance- A third-party commercial vehicle insurance policy covers losses or damages caused by the insured vehicle to third-party property or people. So, with an E Rickshaw policy, one receives financial protection against third-party liability. The Motor Vehicle Act of 1988 requires commercial vehicles to be insured with at least a third-party insurance coverage. As a result, this is legally mandated insurance.
  • Comprehensive Insurance- Purchasing a comprehensive insurance policy for commercial vehicles like E Rickshaw is also an option. It is intended to offer insurance coverage to the insured vehicle in the event of any loss or damage caused by an accident, mishap, natural catastrophe, or other occurrences. A comprehensive insurance policy also covers third-party liabilities in addition to covering own harm.

How to buy e rickshaw insurance online


Share information such as RTO information, details of manufacturing, type of insurance policy like comprehensive or third-party insurance, details related to the claim, etc. to our executive on


Now you can get and compare E rickshaw policy coverage quotes online. 


Select the quote that meets your need and buy online. You you take the help of our expert as per you convenience.


Our expert will share you the proposal from your selected insurer for e rickshaw insurance where you can make payment online and download policy instantly.

3 Wheeler E Rickshaw Insurance Renewal

  1. Contact your insurance provider or agent to start the renewal process.
  2. Provide the details of your existing policy, such as policy number and expiry date, to your insurer.
  3. Verify if any changes are required to your policy, such as increased coverage or adding riders.
  4. Pay the renewal premium either online or offline as per your insurer’s guidelines.
  5. After payment, the insurer will issue the renewed policy document and send it to you via email or post.
  6. Verify the details in the renewed policy document and check if all necessary coverage and riders are included.
  7. Keep a copy of the renewed policy document with you for future reference.
  8. It is important to renew your E-rickshaw insurance policy before its expiry to avoid any legal penalties or lapses in coverage.

How to file for a claim?

In the event of an accident or other incident, follow these steps to file a claim:

  1. Contact the insurance company immediately and inform them of the incident.
  2. File an FIR with the local police station.
  3. Collect all necessary documents, such as the insurance policy, driving license, registration certificate, and FIR.
  4. Submit the claim form along with the documents to the insurance company.
  5. An insurance surveyor will assess the damage and determine the claim amount.
  6. Once the claim is approved, the insurance company will pay the claim amount directly to the owner or repair workshop.

Documents required to initiate the claim

  1. Copy of Registration Certificate (RC) of e rickshaw
  2. Original loss estimate
  3. Original repair bill or invoice
  4. Repair bill payment receipt
  5. Police FIR (in case of third party liabilities)
  6. Vehicle’s keys (in case of theft)
  7. Non-traceable certificate (in case of theft) 

Add-On Covers for E Rickshaw Insurance

E-rickshaw owners can also opt for add-on covers to enhance their insurance coverage. Some of the popular add-on covers available in India include:

  • Personal accident cover for the driver
  • Personal accident cover for passengers
  • Zero depreciation cover
  • Engine protection cover
  • Roadside assistance cover
  • Consumable cover

E Rickshaw Insurance Companies In India

Here is a list of 10 insurance companies that provide third party & comprehensive insurance policies for e rickshaw –

  1. National Insurance Company Limited
  2. New India Assurance Company Limited
  3. Oriental Insurance Company Limited
  4. United India Insurance Company Limited
  5. ICICI Lombard General Insurance Company Limited
  6. Bajaj Allianz General Insurance Company Limited
  7. HDFC Ergo General Insurance Company Limited
  8. TATA AIG General Insurance Company Limited
  9. IFFCO Tokio General Insurance Company Limited
  10. Reliance General Insurance Company Limited


  1. Is E-rickshaw insurance mandatory in India?
  • Yes, third-party insurance is mandatory for all E-rickshaw owners in India as per the Motor Vehicles Act.
  1. What is the difference between third-party insurance and comprehensive insurance?
  • Third-party insurance covers only third-party liability, while comprehensive insurance covers third-party liability as well as damage to the insured E-rickshaw due to natural calamities, accidents, theft, fire, and vandalism.
  1. What are add-on covers in E-rickshaw insurance?
  • Add-on covers are additional insurance coverage options that can be purchased along with the main insurance policy to enhance the coverage.
  1. What documents are required to purchase E-rickshaw insurance?
  • Registration certificate of the E-rickshaw, driving license of the driver, and identity proof of the owner.
  1. How can I renew my E-rickshaw insurance policy?
  • E-rickshaw insurance policies can be renewed online or through the insurance company’s agent.


Got policy instantly. Loved the process.

I renewed my policy with the help of the executive helped me get an affordable quote and the policy very quickly.
Great experience.
saved 3000 on my e rickshaw bima
just go for it
easy process
Ratings – *****

Great Experience

Buying e rickhsaw policy from policymeter was very easy and hasslefree.

Time & money saving money.

I could save almost 3000 on my erickshaw policy buying it online.

best option to buy e rickshaw policy online.

Got a great deal for my erickshaw policy.

instant quote & policy is great feature

They helped me with a quick quote and it saved my a lot of time buying e rickshaw policy at best price.

Follow this post on Pinterest