Bajaj General Insurance Launches 'Eco Assure' Cover for CVs
Bajaj General Insurance has introduced a new add-on cover insurance called Eco Assure for commercial vehicles. The product is designed to help owners manage repair costs more efficiently. It aims to keep vehicles operational with minimal disruption. Rising repair costs and maintenance challenges have made repairs expensive for operators. Eco Assure addresses these issues with wider repair coverage and enhanced protection benefits.
Two Plan Options for Different Needs
The add-on is available in two variants. Eco Assure Essential offers core benefits. Eco Assure Advantage provides more comprehensive coverage. Customers can choose the plan that suits their requirements.
Key Benefit of the Coverage
The cover helps reduce repair costs in two ways. When reconditioned parts are used, they offer a 100% waiver on depreciation. If new parts are chosen, they provide up to 25% depreciation waiver depending on the plan. This makes repairs more affordable for vehicle owners.
Compulsory Deductible Waived
Eco Assure eliminates the compulsory deductible at the time of claim. This helps customers reduce immediate out-of-pocket expenses during repairs. It eases the financial burden when vehicles need urgent repairs.
Coverage for Commonly Damaged Parts
The add-on includes 100% coverage for paintwork. It also protects commonly damaged components such as lamps, bumpers, bonnet, and side parts. This ensures broader coverage for routine repair scenarios.
Additional Protection Features
Eco Assure provides overturning cover along with towing benefits. This supports commercial vehicle owners during accidents or emergencies. The vehicle can be recovered and repaired faster.
What Each Plan Offers
Eco Assure Essential includes Eco Repair cover and towing support. It also provides coverage for consumables expenses, key and lock replacement, and protection against rodent damage.
Eco Assure Advantage builds on these benefits with more extensions. It offers retrieval assistance for vehicles stranded in difficult locations. It includes dedicated cover for electric and hybrid systems, safeguarding owners against risks for both conventional and electric vehicles. Defence cost cover offers financial assistance towards legal expenses when required.
Repairs at Any Workshop
All benefits under the add-on apply for repairs carried out at any workshop. This ensures flexibility and convenience for policyholders. They are not tied to specific repair networks.
Bajaj General Insurance CEO Comments on the Launch
Dr. Tapan Singhel, MD & CEO of Bajaj General Insurance, said commercial vehicles are the backbone of everyday India. They keep goods moving, power last-mile deliveries, and enable millions to commute daily. For owners, every day off the road means lost time and income.
He stated that Eco Assure goes beyond just insurance protection. It makes repairs more practical, efficient, and sustainable by enabling the use of refurbished parts while covering common operational risks. This supports quicker claim resolution and reduces downtime. Vehicles get back on the road faster, strengthening resilience for owners.
Simple Claims Process
The claims process is curated to be simple and accessible to everyone. If you are a policyholder, you can initiate a claim through the company's toll-free helpline. They can submit the claim form at the nearest Bajaj General Insurance office for further processing.
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