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Insurance for electric vehicles (EVs): What all to consider before buying specific covers; check details here

Buying insurance covers is crucial for consumers as electric cars tend to be more expensive than conventional fuel-powered ones. As a result, the cost of insuring an EV is typically higher compared to conventional fuel-powered ones. ....

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Magma HDI Insurance: Magma HDI General Insurance develops specialised insurance cover for EV batteries, ET Auto

Magma HDI Insurance: "We believe this product will help alleviate concerns related to battery insurance, instilling confidence and peace of mind among both current and prospective EV/HEV owners. Through this customized protection, EV and HEV owners will have the specialized coverage they need, thus facilitating the wider adoption of electric mobility,” said Rajive Kumaraswami, Managing Director & Chief Executive Officer, Magma HDI General Insurance. ....

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