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About Mahindra Electric Car 

Mahindra, which was previously known as Reva electric company, is an automobile company that designs compact electric cars. Mahindra electric cars come with unique features and designs which are usually costlier to maintain. To look after such issues, one must buy a Mahindra Electric Insurance to keep his/her vehicle intact and enjoy it for a long time. Also, motor insurance is mandatory according to the Motor Vehicles’ Act, 1988. 

Mahindra Car Variants

Some other Mahindra Electric Car variants are as follows:




Mahindra SUV 500

2179 cc engine


Mahindra Xylo

2179 cc engine

14 km/l


1997 cc engine

15.4 km/l


2523 cc engine

15.96 km/l

Why is it important to buy Mahindra Electric Car Insurance?

Mahindra Electric cars are expensive and come with unique designs and features. To have a Mahindra Electric car is definitely fascinating, but you take proper care of it for its longevity and consistent proper functioning. For this reason, buying a Mahindra Electric Car Insurance can act as a shield and safeguard to your possession. Irrespective of any accident, damage, mishaps, an insurance for your Mahindra electric car can compensate for you depending on the insurance cover you have chosen for yourself.

There are several fields that your Mahindra electric car insurance will look into and make sure to aid you while your loss. Some of the benefits to buying an insurance are as follows:

  • Your Mahindra Electric Car Insurance will cover the price of destruction sustained by your car.

  • Your insurance coverage will also compensate for the damage sustained to any third party.

  • You can also avail cashless advantages through your insurance coverage.

  • Other than that, you will get technical assistance at the authorised assistance centre too.

Types of Insurance Plans Offered for Mahindra Electric Car

You will get two types of insurance plans offered for your Mahindra Electric car-

  • Third-party Insurance: This is a required plan according to the motor vehicle law in our country. The Third-party Insurance only looks after the third party liabilities. Through this plan, you don't get any insurance or coverage for your own possession.

  • Comprehensive Insurance: On the other hand, Comprehensive Insurance will take care of both the third party liabilities and damages that occurred to your vehicle.

Why choose Finserv MARKETS For Mahindra Electric Car Insurance?

With Finserv MARKETS, you can buy yourself convenient Mahindra Electric Car insurance plans. Also, they provide a very handy and smooth renewal method for your insurance. Besides, if you pay a larger amount you can avail insurance that will look after your damage, zero depreciation cover, personal accident cover etc. Following are the advantages furnished by Finserv MARKETS:

  • You will have 24*7 roadside assistance.

  • If you pay a larger amount, you can avail the zero depreciation cover. This is an add-on cover.

  • There are about 4000 service centres in India and you can get a cashless benefit from any of them with the insurance plan from Finserv MARKETS.

  • If you decide to switch your insurance to a new company, you will be able to substitute up to 50% of no-claim bonus to your current insurance giver.

  • In case your penalty surpasses a specific limit, you will be able to get 75% on account payment-based requirements.

Inclusions in Mahindra Electric Car Insurance

The inclusions or the fields in Mahindra Electric car insurance will cover are as follows:

  • Any destruction caused by accident

  • Destruction caused while in transition irrespective of rail, road, water or elevator

  • Insurance for yourself ( owner or the driver of the vehicle)

  • In case of demise of the owner of the car of continual disability

  • Destruction caused due to theft, explosion, terror attack, fire or another natural calamity

  • Penalties of the third party

Exclusions in Mahindra Electric Car Insurance

Although there are several benefits provided by the insurance plans, there remain some fields that are not taken into consideration or compensated. The following are some of them:

  • Any normal mechanical or electrical mishap.

  • If you drive without an authentic driving licence.

  • Driving while being intoxicated.

  • Car taken for racing, good carriage or speed testing.

  • Problem with your tyre that is not caused due to an accident.

  • In case of any car accessories theft.

Add-ons to Mahindra Electric Car Insurance

Some add ons to the Mahindra Electric car insurance are:

How to apply for Mahindra Electric Car Insurance online?

Applying for Mahindra Electric car insurance via the internet is simple and hassle-free. The following are the steps for a beginner to know how to apply online for an insurance plan:

  • Explore and decide wisely which plan among third-party and comprehensive cover you would like to buy.

  • Study the claim process and the settlement options thoroughly.

  • Check for discounts on premium and add-ons furnished by the company.

  • Now go to the online site of Finserv MARKETS.

  • Fill the application form to apply for insurance.

  • Tap on "submit".

  • Provide the required documents.

  • Go to the payment gateway to complete the application process.

How to renew Mahindra Electric Car Insurance?

For renewing your Mahindra Electric Car insurance you have to:

  • Go to the official site of the Finserv MARKETS.

  • Provide the required documents.

  • Apply for renewal of insurance of your vehicle.

Claim process

Following are the steps for claiming your car insurance:

  • You must register your claim right after the damage occurs to your vehicle. Make sure to provide transparent information about the chassis and engine number, km reading, date and time of the accident, location, police FIR and car inspection address, if it is a matter of theft.

  • Take your Mahindra electric car to the service centre to get it repaired.

  • Submit the required papers and the company will compensate for the price.

Steps to claim Mahindra Electric Car Insurance online

Claiming Mahindra Electric Car insurance online is simple and time-saving. The following are steps to claim your insurance online:

  • Register your claim as soon as possible from the official site of the Finserv MARKETS.

  • Provide the authentic required papers.

  • Your request will be evaluated by the company.

Documents required for Mahindra Electric Car Insurance claim

To buy an insurance plan, you will need to provide the following documents:

  • Passport photo

  • Address proof

  • RC

  • Identify proof

  • Driving Licence

Wrapping it Up!

Finserv MARKETS has a plethora of benefits to offer you. All you have to do is choose your electric car insurance plan according to your need, provide the required details and get your desired plan in no time.

Check Out Car Insurance Plans Available at Finserv MARKETS

FAQs about Mahindra Electric Car Insurance

  • ✔️Which car insurance plan is better?

    Comprehensive coverage is a better plan because it looks after both the third-party liability and your own car.

  • ✔️Which car insurance plan is mandatory?

    The third-party insurance plan is mandatory according to government laws.

  • ✔️What are mandatory details you must fill in while claiming?

    Mileage, accident date and location, engine number etc

  • ✔️Is zero claim depreciation an add-on in the insurance plan?

    Zero claim depreciation is an add on. 

  • ✔️Will I get coverage due to lending my car for a speed test or racing?

    No, in such cases you won't get any coverage. 

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