• Mahindra Car Insurance

    Car Insurance
    • Get quotes from multiple insurers
    • Choose from a variety of zero depreciation and roadside assistance covers
    • 3100+ cashless garages

    Mahindra & Mahindra Ltd. started its operations in India in 1945 and now serves a large customer base with their automotive needs across all the continents.

    Why is it Important to Insure Your Mahindra Cars?

    As per the Motor Vehicles Act of India, it is mandatory for every car owner to avail at least a third-party insurance. Having a car insurance also protects you against any unforeseen liabilities as a result of road mishap.

    Mahindra Car Insurance Providers

    A number of insurers provide Mahindra insurance in India, a few of them are listed below:

    • Bajaj Allianz General Insurance Co. Ltd.
    • HDFC ERGO General Insurance Co. Ltd.
    • Royal Sundaram General Insurance Co. Ltd.
    • Bharti AXA General Insurance Co. Ltd.
    • Cholamandalam MS General Insurance Co. Ltd.

    Mahindra Models

    Mahindra houses the following vehicles:

    • Mahindra NuvoSport
    • KUV100 NXT
    • Mahindra Bolero
    • Mahindra Bolero Power+
    • Scorpio
    • Mahindra Thar
    • Mahindra TUV300
    • Mahindra Verito
    • Mahindra Verito Vibe
    • Mahindra XUV 500
    • Mahindra Xylo
    • Actyon
    • Actyon Sports
    • Chairman W
    • Kyron
    • Korando
    • Rexton
    • Rodius
    • Tivoli

    Types of Mahindra Car Insurance

    There are two kinds of car insurance available for Mahindra:

    • Comprehensive Car Insurance

    A comprehensive car insurance policy covers the third-party liabilities as well as own damage liabilities that you incur due to the mishap.

    • Third-party Liability Cover

    A third-party car insurance policy covers only third-party liabilities that you incur due to a mishap.

    Buying/renewing Mahindra Car Insurance

    You can purchase or renew your car insurance online or offline depending on your convenience

    • Online:

    You can buy a car insurance or renew your existing one via the insurer’s official website or any of the third-party insurance websites.

    • Offline:

    You can also avail a car insurance or renew your soon-to-expire car insurance policy by visiting the nearest branch office of the insurer or meeting with an insurance agent.

    Mahindra Car Insurance Claim Process

    The claim process for Mahindra car insurance involves the following steps:

    • Inform the insurer as soon as the mishap takes place and raise a claim request.
    • The insurer will send an authorised surveyor to inspect the vehicle and assess the total loss/damage incurred.
    • Submit the originals and copies of the relevant documents to the surveyor.
    • Take your car to the nearest authorised garage in case of cashless claim and get it repaired. The insurer will pay the garage directly for the repairs.
    • Take your car to the nearest garage in case of reimbursement claim and get it repaired. You will have to pay the garage for the repairs and submit the payment receipt to the insurer for verification, after which you will be reimbursed with the amount you spent on the repairs.

    Inclusions and Exclusions of Mahindra Car Insurance

    Mahindra Car Insurance comes with a number of inclusions and exclusions, a few of them are listed below:

    • Inclusions:
      • Loss/damage due to theft
      • Loss/damage due to natural calamities and man-made calamities
      • Third-party liabilities
      • Own damage liabilities
    • Exclusions:
      • Damage/loss in case the driver was underage or didn’t have a valid licence at the time of mishap
      • Damage/loss in case the driver was under the influence of intoxicants when the mishap took place
      • General wear and tear of the vehicle
      • Damage/loss if the mishap took place outside of the agreed geographical area

    Add-ons Offered with Mahindra Car Insurance

    There are a number of add-ons available in the market for Mahindra Car Insurance, a few of them are listed below:

    • Engine Protect Cover
    • Zero Depreciation Cover
    • No Claim Bonus Protect Cover
    • Return to Invoice Cover
    • Roadside Assistance Cover

    Discounts Offered with Mahindra Car Insurance

    The insurers offer a number of discounts to Mahindra car owners, a few of them are listed below:

    • Discount on insurance premium if you are a member of any automobile associations of India
    • Professional Discount
    • No Claim Bonus Discount
    • Discount on insurance premium if you have installed ARAI approved security devices in your car

    Mahindra Car Insurance FAQs:

    1. What is the validity of a car insurance?

      A car insurance is valid for 1 year.

    2. What is a compulsory excess?

      A compulsory excess is a part of the insured amount that is fixed by the insurer and mandatory for you to pay at the time of claim settlement.

    3. What is an Insurance Certificate?

      An Insurance Certificate is the original insurance policy document that the insurer issues to the insured.

    4. What is IDV?

      IDV stands for Insured Declared Value and it is the maximum market value of the vehicle at any given point of time with respect to its age.

    5. What is depreciation in car insurance?

      Depreciation is the loss in the car’s value with respect to its age.

    News About Mahindra Car Insurance

    • Mahindra and Mahindra’s auto sales grows by 11% in FY 2018-19

      Mahindra and Mahindra Ltd. which is a part of the Mahindra Group, valued at US $20.7 billion, announced that they have sold over 6 lakh vehicles in FY 2018-19 against 5 lakh vehicles in FY 2017-18. The total growth in sales from 2017-18 to 2018-19 stands at 11%. In the month of March 2019 alone, the company sold 62,952 vehicles. The domestic sales in the same month were about 10,000 more than the domestic sales in March 2018. The company saw growth in passenger vehicles, medium and heavy commercial vehicles, and exports. The growth was marginally less in terms of commercial vehicles.

      Rajan Wadhera, the President of the Automotive Sector said that the company is proud that they ended the year with a double-digit growth rate though there were certain obstacles in the automotive industries. The three new launches of the company helped push sales of the manufacturer.

      5 April 2019

    • Mahindra offers select models on lease for 5 years

      Mahindra and Mahindra, India’s leading car manufacturer is offering select models – XUV500, TUV300, Scorpio, and Marazzo on lease for 4 years of 5 years. The lease tenure depends on the model and the city in which the transaction is being made. The objective of the initiative is to allow customers own cars by paying a fixed amount on a monthly basis for a specific period of time without having to worry about insurance or maintenance. The company, after leasing out the car, will take care of expenses of the car such as accident damage, car insurance, roadside assistance, maintenance, and resale guarantee. The company offers the deal with a very low down-payment option or no down-payment at all. The customer can choose to upgrade the vehicle at any time during the tenure of the lease too. Once the lease period ends, the customer can either return the vehicle to the company or purchase it at a price decided upon earlier. Mahindra has partnered with ALD Automotive and Orix to take care of the leasing services. While one of the two companies will own the car, the vehicle will be registered under the name of the customer. This new lease programme has been started in New Delhi, Mumbai, Bangalore, Hyderabad, Pune, and Ahmedabad. It will soon be rolled out in 19 other Indian cities.

      30 August 2018

    The content on this website is meant only for general information purpose and does not and shall not be construed as any solicitation, procurement, display, aggregation, marketing or advertisement of insurance products. BankBazaarInsurance is not an insurance intermediary and hence does not endorse or solicit any such products. The information on this website is derived from publicly available sources and BankBazaarInsurance cannot verify or confirm the genuineness, truth, veracity or authenticity of this information.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.