15 Best commercial vehicle Insurance company in India – India has a diverse range of commercial vehicles, from trucks and buses to taxis and auto-rickshaws, and it is essential to have comprehensive insurance to protect them from various risks. Commercial vehicle insurance companies in India provide coverage for damages to your vehicle and third-party liabilities in case of accidents, theft, or other incidents. Here are 15 of the best commercial vehicle insurance companies in India:
- ICICI Lombard
- HDFC ERGO
- Tata AIG
- Bajaj Allianz
- New India Assurance
- National Insurance
- United India Insurance
- Oriental Insurance
- Reliance General Insurance
- Future Generali
- SBI General Insurance
- IFFCO Tokio General Insurance
- Liberty General Insurance
- Universal Sompo General Insurance
- Cholamandalam MS General Insurance
These companies offer a range of policies with features like third-party liability cover, own damage cover, personal accident cover, and add-on covers like engine protect, roadside assistance, and zero depreciation cover. Before selecting a commercial vehicle insurance company, it is essential to compare their premiums, claim settlement ratio, and customer service to choose the one that best fits your needs.
There are several top commercial vehicle insurance companies in India, each with their unique features and benefits. However, some of the best commercial vehicle insurance companies in India are:
ICICI Lombard
ICICI Lombard is one of the leading general insurance companies in India that offers a range of insurance products, including commercial vehicle insurance. They offer customized policies with comprehensive coverage, third-party liability, and personal accident cover. They also have a cashless claim settlement process and 24×7 customer support.
HDFC ERGO
HDFC ERGO is another top-rated general insurance company in India that offers commercial vehicle insurance with features like third-party liability cover, accidental cover for drivers and passengers, and personal accident cover. They also offer a network of cashless garages and a hassle-free claim settlement process.
Tata AIG
Tata AIG is a joint venture between Tata Group and American International Group (AIG) that offers commercial vehicle insurance with features like third-party liability, own damage cover, and personal accident cover. They also offer a network of cashless garages and a 24×7 customer support helpline.
Bajaj Allianz
Bajaj Allianz is another leading general insurance company in India that offers commercial vehicle insurance with features like third-party liability, own damage cover, and personal accident cover. They also offer add-on covers like engine protect, zero depreciation cover, and 24×7 roadside assistance.
New India Assurance
New India Assurance is a government-owned general insurance company that offers commercial vehicle insurance with features like third-party liability, own damage cover, and personal accident cover. They have a vast network of branches and cashless garages across India and a 24×7 customer support helpline.
National Insurance
National Insurance is a government-owned general insurance company that offers commercial vehicle insurance with comprehensive coverage, third-party liability cover, and personal accident cover. They also offer add-on covers like zero depreciation cover and 24×7 customer support.
United India Insurance
United India Insurance is another government-owned general insurance company that offers commercial vehicle insurance with features like third-party liability cover, own damage cover, and personal accident cover. They also offer add-on covers like depreciation waiver and loss of baggage cover.
Oriental Insurance
Oriental Insurance is a government-owned general insurance company that offers commercial vehicle insurance with comprehensive coverage, third-party liability cover, and personal accident cover. They also offer add-on covers like engine protect and no-claim bonus protection.
Reliance General Insurance
Reliance General Insurance is a private general insurance company that offers commercial vehicle insurance with features like third-party liability cover, own damage cover, and personal accident cover. They also offer add-on covers like engine protector, key protector, and 24×7 roadside assistance.
Future Generali
Future Generali is a private general insurance company that offers commercial vehicle insurance with features like third-party liability cover, own damage cover, and personal accident cover. They also offer add-on covers like depreciation waiver, return to invoice, and 24×7 roadside assistance.
SBI General Insurance
SBI General Insurance is a joint venture between the State Bank of India and Insurance Australia Group (IAG) that offers commercial vehicle insurance with features like third-party liability cover, own damage cover, and personal accident cover. They also offer add-on covers like return to invoice and 24×7 roadside assistance.
IFFCO Tokio General Insurance
IFFCO Tokio General Insurance is a joint venture between Indian Farmers Fertiliser Cooperative (IFFCO) and Tokio Marine Group that offers commercial vehicle insurance with features like third-party liability cover, own damage cover, and personal accident cover. They also offer add-on covers like engine protect and consumable expenses cover.
Liberty General Insurance
Liberty General Insurance is a private general insurance company that offers commercial vehicle insurance with features like third-party liability cover, own damage cover, and personal accident cover. They also offer add-on covers like roadside assistance, zero depreciation cover, and loss of personal belongings cover.
Universal Sompo General Insurance
Universal Sompo General Insurance is a joint venture between Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and Sompo Japan Insurance Inc. that offers commercial vehicle insurance with features like third-party liability cover, own damage cover, and personal accident cover. They also offer add-on covers like engine protect and key protect.
Cholamandalam MS General Insurance
Cholamandalam MS General Insurance is a joint venture between Murugappa Group and Mitsui Sumitomo Insurance Company that offers commercial vehicle insurance with features like third-party liability cover, own damage cover, and personal accident cover. They also offer add-on covers like roadside assistance, engine protector, and consumable expenses cover.