Commercial Vehicle Insurance
A Commercial Vehicle is any vehicle used to transport goods or passengers—like buses,
trucks, tempos, autos, taxis, and tractors.
These vehicles fall into two categories:
● GCV (Goods Carrying Vehicle)
● PCV (Passenger Carrying Vehicle)
Whether you’re a fleet owner or a single-vehicle operator, protecting your commercial vehicle
from risk is essential to keeping your business running smoothly
Types of Commercial Vehicle Insurance
Comprehensive Insurance
Total Protection – For You & Others
Comprehensive insurance offers protection from:
● Damage due to accident, fire, flood, riots, or earthquake
● Theft or burglary
● Damages to third-party vehicle, person, or property
Ideal for full protection of your vehicle and meeting legal obligations.
Third Party Insurance
Legally Mandatory, Financially Sensible
Covers:
● Death or injury to a third-party individual:
● Damage to third-party property:
As per Indian law, third-party insurance is compulsory for all commercial vehicles.
Zero Depreciation Cover
Claim the Full Value No Age Deductions
This add-on ensures no depreciation is deducted from the claim amount when you replace damaged parts like plastic, rubber, glass, or metal components. Recommended for newer or high-value commercial vehicles.
Roadside Assistance
On-Road Help, When You Need It Most
Whether it’s a breakdown, flat tyre, battery failure or towing requirement, this add-on gives you 24x7 emergency assistance to minimize business downtime.
Commercial Vehicle Insurance FAQs
Commercial Vehicle Insurance provides coverage for vehicles used for business purposes like trucks, taxis, delivery vans, buses, and more.
Yes. As per the Motor Vehicles Act, 1988, all commercial vehicles must have at least Third-Party Liability Insurance to operate legally
● Third-Party Policy: Covers damage to third-party life/property
● Comprehensive Policy: Includes own damage due to accidents, theft, fire, natural disasters, and third-party cover
This insurance is ideal for:
● Transport companies
● Cab/taxi owners
● Logistics and courier businesses
● Construction and industrial fleets
● Auto-rickshaw and school van operators
● Type and usage of vehicle (goods/passenger transport)
● Vehicle age and IDV (Insured Declared Value)
● Driving zone and route risk
● Claim history
● Add-ons like zero depreciation, roadside assistance