Zurich Kotak Launches ‘EV Protect’ Insurance, Now Available for Tesla and Other EVs

Mumbai : Zurich Kotak General Insurance has announced the launch of EV Protect, a comprehensive add-on cover within its car insurance product, Car Secure, for Indian electric vehicles (EVs), which covers Tesla among other EVs. With a host of innovative features, Zurich Kotak is confident that the product offering will provide owners with tailored, tech-first protection that’s as advanced as the vehicles themselves.

With EVs becoming popular on the Indian roads and a common part of daily transit, EV Protect is a cover specifically designed to meet the needs of the evolving mobility landscape. This add-on cover has been developed to meet the unique needs of EV owners, addressing real-world concerns such as battery, motor, and charger protection, including fixed charging units.

Benefits to the customers:

• Provides mandatory Third-Party Protection (as per the Motor Vehicles Act, 1988), and Comprehensive Coverage can also be availed.
• Specifically designed to cover EV’s Battery Management System (BMS), Motor, and Charger from unexpected issues like power surges, short circuit, or water damage, charging equipment damage caused due to theft or rodent attack.
• Personal Accident cover, ensuring the policyholder gets financial security in case the vehicle gets involved in an accident. 

As Tesla marks its much-anticipated entry into the Indian market, EV Protect has been designed to provide a premium protection plan that ensures your EV stays as cutting-edge on the road as it is under the hood.

Commenting on the launch of the product, Alok Agarwal, Managing Director and Chief Executive Officer at Zurich Kotak General Insurance,said, “We are witnessing a shift in the customer preferences towards more sustainable transport options like electric mobility, which is reshaping the automobile market dynamics. EV Protect is more than just an add-on cover to your car insurance policy; it is a comprehensive ecosystem of protection that empowers EV owners to embrace electric mobility with confidence, safety, and complete peace of mind. The product embodies our commitment to innovation and sustainability. It marks a significant turning point in the EV insurance space.”

EV Protect is now available for customers on www.zurichkotak.com. EV buyers can now insure their EVs, including Tesla, with tech-first, future-ready protection built just for them!