homepersonal finance NewsZuno General Insurance introduces electric vehicle add on cover

Zuno General Insurance introduces electric vehicle add-on cover

Zuno General Insurance’s EV add-on covers are designed to complement its standard private car policies and cater specifically to the unique needs of electric and hybrid vehicles.

Profile image

By CNBCTV18.com Nov 22, 2023 5:47:49 PM IST (Updated)

Listen to the Article(6 Minutes)
2 Min Read
Zuno General Insurance introduces electric vehicle add-on cover
Zuno General Insurance, formerly known as Edelweiss General Insurance, on Wednesday, November 22, announced the launch of Electric Vehicle (EV) add-on cover, a first-of-its-kind in the insurance industry. This offering is specially designed to provide comprehensive protection for electric vehicles and cater to their unique needs, Zuno General Insurance said.

Live TV

Loading...

Zuno General Insurance’s EV add-on covers are designed to complement its standard private car policies and cater specifically to the unique needs of electric and hybrid vehicles. With various first of its kind policy features, the EV Add-On Cover includes three essential components:
  • Extending coverage to include charging cables, connectors, adapters, and all standard charging accessories for protection against accidental damage and theft.
  • Comprehensive coverage for privately-owned charging stations solely used for charging insured vehicles, safeguarding them against fire, theft, and accidental damage.
  • Personal Accident Cover – an addition to enhance EV owners' safety. Customer will have the choice to add personal accident coverage for cases of injury or death resulting from a fire, blast, or short circuit at their private charging station while charging the insured vehicle.
  • The battery coverage will provide coverage for loss or damage to the insured vehicle caused by fire, self-ignition, or short circuit while it's either charging its battery or parked at a charging station. Battery protection will be available in case of consequential loss to battery or parts of battery due to water ingression due to insured peril/short circuit.
    Commenting on the launch, Shanai Ghosh, MD & CEO, Zuno General Insurance, said, "The introduction of the EV add-on cover is in line with our strategic objective to build an EV based motor insurance portfolio."

    Most Read

    Share Market Live

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CurrencyPriceChange%Change