Commercial Car (Taxi) Insurance

Name: Commercial Taxi Insurance
Brand: IndusInd General Insurance
Rating: 4.9 (310 reviews)

Commercial car (taxi) insurance is a special type of insurance for taxi drivers and owners that protects your vehicle from various problems like accidents, theft, fire and natural disasters. When something happens to your taxi, the insurance company pays for repairs or compensates you for the damage. It also covers you if you accidentally hurt someone or damage their property while driving.

You need taxi insurance because driving a taxi exposes you to much higher risks than driving a regular personal car. Since you're constantly on the road picking up and dropping off passengers throughout the day, your chances of getting into accidents are much higher. Taxis also face more wear and tear and are more likely to get stolen or damaged compared to private vehicles.

So, get your taxi insured with IndusInd Taxi Insurance (formerly Reliance Taxi Insurance) and drive confidently knowing you're protected. With our excellent quick claim settlement and extensive network of over 11,000 garages* across India, you can get your taxi repaired easily and keep your business running smoothly.

Why Do You Need Taxi Insurance?

As per the Motor Vehicles Act of 1988, operating a taxi without proper third-party insurance is not legal and can result in heavy fines and legal troubles that could shut down your business operations.

Taxi insurance also protects your business from unexpected financial losses by covering expensive repair bills and third-party liability claims when you accidentally hurt someone or damage their property.

Without proper insurance coverage, you would have to pay all these costs from your own pocket, which could result in huge financial losses to your taxi business and livelihood. Plus, the alarming fact that around 1.80 lakh people lost their lives in road accidents in 2024 shows just how dangerous Indian roads can be for commercial drivers.

Why IndusInd Car Insurance is Right for You

Get complete protection for your vehicle with a car insurance plan that’s built for convenience, speed and reliability. Here’s what makes IndusInd Comprehensive Car Insurance (previously known as Reliance Comrehensive Car Insurance) stand out:

Cashless Repair

Across 11,000+ network garages

Instant Claim*

Video Claim through IndusInd Insurance app

Instant Policy

Instant Online Policy Issuance

24/7 Assist*

Roadside assistance for breakdowns

Benefits of Buying IndusInd Taxi Insurance

Legal Compliance Protection

Having taxi insurance ensures you meet all legal requirements under the Motor Vehicles Act of 1988. IndusInd taxi insurance provides mandatory third-party coverage that keeps your commercial vehicle legally compliant on Indian roads. This protects you from hefty fines, license suspension and legal troubles that come with operating an uninsured commercial vehicle.

Accident Damage Coverage

Your taxi faces daily risks from accidents, collisions and road mishaps. IndusInd taxi insurance covers repair costs for accident damage to your vehicle, ensuring your business doesn't stop due to unexpected repair expenses. This includes coverage for both minor dents and major collision damage.

Hired Driver Protection

Many taxi operators employ drivers to run their business. IndusInd taxi insurance covers accidents caused by hired drivers, protecting you from liability when someone else is driving your commercial vehicle. This coverage allows you to confidently expand your business with additional drivers.

Cashless Repair Services

IndusInd taxi insurance offers cashless repair facilities at 11,000+ authorised garages* across India. You don't need to pay upfront for covered repairs - the insurance company settles bills directly with the garage. This helps maintain your business's cash flow during vehicle repair periods.

Types of Taxi Insurance

IndusInd General Insurance offers commercial vehicle insurance that combines two essential types of coverage in one comprehensive policy. This bundled approach makes it easier for commercial vehicle owners like taxi operators to get complete protection without juggling multiple policies.

Third-Party Liability Coverage

Third-party insurance is legally required for all commercial vehicles operating on Indian roads. This coverage protects you when your vehicle accidentally causes harm to other people or their property. For example, if your commercial car injures someone or damages another vehicle, this insurance pays the compensation amount as ordered by the court. It also covers property damage costs when your taxi hits someone else's car, building or belongings up to the policy limit.

However, third-party coverage has important limitations. It does not pay for any damage that happens to your own vehicle, whether from accidents, theft or natural disasters. It also does not cover medical expenses if you or your driver gets injured while using the vehicle.

Comprehensive Coverage

Comprehensive commercial car insurance includes all third-party benefits plus much more protection. This broader coverage protects your own vehicle against damage from accidents, fire, theft, vandalism, riots and natural calamities like floods or earthquakes. It also includes personal accident cover that provides financial support if the vehicle owner or driver gets injured or passes away during an accident while driving the insured taxi.

With comprehensive coverage, you can add various useful extensions like tyre protection, key replacement cover, roadside assistance, daily allowance during repairs and special protection for electric vehicle components. This type of policy covers both your legal obligations to others and protects your own financial investment in the vehicle.

IndusInd Commercial Car Insurance Inclusions and Exclusions

What is Covered

Accidents and Collisions: Complete financial protection for vehicle damages resulting from unexpected road mishaps and traffic collision incidents.

Third-Party Liabilities: Legal and financial coverage for damages caused to other people's property, vehicles. Any bodily injuries to others during an accident will also be covered.

Natural Disasters: Comprehensive protection against weather-related damages, including floods, earthquakes, storms and other environmental disasters affecting vehicles.

Fire or Explosion: Full coverage for vehicle damages caused by fire incidents, explosive situations, lightning strikes and spontaneous combustion.

Theft: Comprehensive security against vehicle stealing, burglary attempts and damages caused during unauthorised break-in activities by criminals.

What is not Covered

Wear and Tear: Routine maintenance issues like tyre damage, brake replacement, and paint fading are excluded from insurance claim coverage.

Depreciation: Natural reduction in vehicle market value over time due to usage isn't compensated when replacing car parts during repairs without additional coverage.

Accessory Coverage: Additional vehicle equipment and accessories require separate add-on policies for comprehensive protection against damage or theft.

Outside Coverage Zone: Vehicle incidents occurring beyond Indian geographical boundaries need special international coverage add-ons for claim processing.

The inclusions and exclusions are subject to policy terms and conditions. Please refer to the official policy document for complete details.

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IndusInd Commercial Car Insurance Add-ons

Nil Depreciation Cover

Receive complete repair costs without deducting depreciation on replaced parts. Your vehicle gets returned to its normal condition without any financial loss.

Return to Invoice Cover

Bridges the financial gap between your vehicle's current market value and its original purchase price during total loss scenarios.

24/7 Roadside Assistance

Access immediate emergency support services, including vehicle towing, emergency fuel supply and on-spot minor repairs throughout India anytime, anywhere.

Engine Protection

Safeguards against expensive engine and transmission repairs caused by water damage, oil contamination or mechanical breakdowns in commercial vehicles.

Consumable Cover

Reimburses costs of essential fluids, filters, nuts, bolts and small components required during major repair work following covered accidents.

No Claim Discount Retention Cover

Preserves your earned no-claim discount benefits for the next renewal despite filing one minor insurance claim during the current policy term.

Tools and Equipment Cover

Protects valuable work tools, spare parts and professional equipment stored in your commercial vehicle against theft or accident damage.

Personal Belongings Cover

Compensates for lost or damaged personal items like laptops, mobile phones and clothing inside your vehicle during theft or accidents.

Hospital Cash Cover

Provides daily monetary assistance for medical expenses when you're hospitalised due to injuries sustained in your insured vehicle accidents.

Additional Towing Charges

Expands towing expense coverage beyond basic policy limits for situations requiring long-distance or specialised vehicle transportation after major accidents.

EMI Protection Cover

Continue your vehicle loan payments during extended repair periods exceeding 30 days, preventing loan default and credit score damage.

Daily Allowance Benefit

Compensates for lost business income with daily cash payments when your commercial vehicle remains unusable due to accident repairs.

Emergency Hotel Accommodation

Covers overnight lodging expenses when your vehicle breaks down far from home base, ensuring driver comfort and safety.

Voluntary Deductible

Reduces your insurance premium significantly by accepting higher out-of-pocket expenses during claim settlements, suitable for careful drivers.

Additional Limit of TPPD

Increases third-party property damage coverage limits beyond standard amounts, protecting against high-value property damage claims from accidents.

RIM Protection Cover

Specifically covers costly alloy wheel repairs from road hazards like potholes, speed bumps and curb damage excluded from standard policies.

Tyre Protect

Covers repair or replacement costs of your taxi’s tyres due to accidental damage, punctures, or cuts. Especially useful for high-mileage commercial vehicles constantly on the road.

Key Protect

Covers the cost of replacing lost, stolen, or damaged keys, including reprogramming of electronic keys. Offers quick resolution so your taxi operations stay uninterrupted.

Electric Vehicle Battery Protection

Provides comprehensive coverage for expensive EV battery replacement due to manufacturing defects, overheating or environmental factors affecting battery performance.

Electric Motor Protection

Protects electric vehicle motors from damage caused by power surges, water ingress or electrical system failures specific to commercial EVs.

Electric Vehicle Charger Cover

Protects your vehicle’s external or portable charger against accidental damage, theft, or fire. Ideal for drivers who charge on the go or use at-home charging setups.

How to Buy/Renew IndusInd Commercial Car Insurance?

Buy Commercial Car Insurance

Scroll to the top of this page to start the buying process.

Provide your policy number or registered mobile number

View coverage options, premium amounts and select a suitable plan.

Select additional benefits like zero depreciation, engine protection, and roadside assistance for enhanced coverage.

Review policy details carefully, make secure online payment, and receive policy documents via email instantly.

Renew Commercial Car Insurance

Go to the calculator on top of this page to start the renewal process.

Enter the existing policy number or vehicle registration number.

Check your current coverage and decide if any modifications or updates are needed.

Add new coverage or modify existing options based on your current business needs.

Complete payment securely, and download the renewed policy certificate immediately online.

How to File a Claim Under IndusInd Commercial Car Insurance?

Step 1

nform within 24 hours at 022-4890 3009 or register on the IndusInd Insurance app.

Step 2

Access any of 11,000+ authorised network garages for a convenient cashless claim processing service.

Step 3

Use the IndusInd Insurance app for self-inspection or wait for a surveyor visit within 24 hours.

Step 4

Surveyors will assess vehicle damages thoroughly and verify all required documents for claim approval.

Step 5

Once approved, we pay the garage directly. Track your claim progress on the IndusInd Insurance app easily.

Step 1

Contact IndusInd within 24 hours at 022-4890 3009 or through the IndusInd Insurance mobile application.

Step 2

Repair your commercial vehicle at any garage of your choice and collect all bills.

Step 3

Provide repair bills, photos, police reports and other necessary documents for claim processing verification.

Step 4

IndusInd surveyors will review submitted documents and assess the validity of your reimbursement claim.

Step 5

After approval, we will transfer the approved claim amount directly to your bank account.

Key Takeaways

The taxi business in India is growing rapidly, with the country’s ride-hailing market expected to cross $44.18 billion by 2030, thanks to increasing urbanisation and rising demand for convenient transport. As more taxis hit the roads, the importance of protecting your vehicles and business assets becomes greater than ever.

IndusInd Taxi Insurance makes it easy for you to keep your taxi business safe and running smoothly. We cover everything from accidents and theft to natural disasters, so you don't have to worry about unexpected repair costs that could hurt your business. Our best feature is our quick claim settlement , which means we almost always approve and pay your claims when you need help.

We also know your taxi needs to be on the road to make money. That's why we offer instant policy buying and cashless repairs at over 11,000 garages* across India. You can get help anytime with our 24/7 customer support*.

Our insurance also covers hired drivers, gives you a daily allowance during repairs and offers many extra benefits you can add. With IndusInd Taxi Insurance, you can drive confidently knowing your business is protected and you have reliable support whenever you need it.

Relevant Links for Car Insurance

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IndusInd General Insurance

Aapke Protection ka All-rounder

IndusInd General Insurance is one of the leading general insurance companies in India. The Company offers a well-rounded and comprehensive bouquet of products including Motor Insurance, Health Insurance, and Travel Insurance, and offers customised solutions to meet the protection needs of each customer.

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4.8 ★ ★ ★ ★ ★ (2710)

Roshan Jha

Meerut

Seamless digital experience

Quick and easy! The policy details were clearly mentioned, making it simple to choose the right one.

Suman

Noida

Limited policy options

A fair and simple process. The Car insurance covers the basics well.

Aniket

Chirawa

Value for money

The best insurance experience I've had! Simple, affordable, and reliable. Highly satisfied with my Car policy.

Ritik

Noida

Value for money

Buying a Health policy through the platform ofReliance General Insurance (now IndusInd General Insurance) was straightforward and quick.

Balasaheb Babu Rao Deosarkar

Yavatmal

4.5

Seamless digital experience

My experience of getting my car insurance was easy and straightforward. I am satisfied with the policy and don't see a need for extras.

Abdul Bawani

Yavatmal

Quick policy issuance

Purchcasing my Car felt effortless and user-friendly. I am satisfied with the main policy and don't see a need for extras.

Debashish Sen

West Tripura

Quick policy issuance

The journey of purchasing Car insurance felt effortless and user-friendly. I am satisfied with the main policy and don't see a need for extras.

Rupak Das

West Tripura

Quick policy issuance

From start to finish, the process of getting my Car insurance from Reliance (now IndusInd) was convenient. It met my requirements well and felt tailored to my needs. Currently, I don't think I require any additional plans or add-ons. I found the entire process trustworthy and efficient.

Srivathsav Parthasarathi

West Midnapore

4.5

Seamless digital experience

The journey of purchasing Health insurance from Reliance Insurance Company (now IndusInd Insurance Company) felt effortless and user-friendly. It met my requirements well and felt tailored to my needs. I am satisfied with the main policy and don't see a need for extras. I'm happy with how everything went and feel secure with my policy.

Prasen Jitpal

West Midnapore

Quick policy issuance

I recently purchased my Car insurance and found the experience very smooth. It met my requirements well and felt tailored to my needs.

Sankuratri Venkata Bulli Rani

West Godavari

Quick policy issuance

The journey of purchasing Car insurance from Reliance Insurance Company (now IndusInd Insurance Company) felt effortless and user-friendly. The plan offered exactly the type of coverage I was expecting. No complementary product was necessary for me at this stage. I found the entire process trustworthy and efficient.

Manthenaravi Teja Varma

West Godavari

Quick policy issuance

Buying a Car policy through the platform of Reliance General Insurance (now IndusInd General Insurance) was straightforward and quick. The plan offered exactly the type of coverage I was expecting. Currently, I don't think I require any additional plans or add-ons. I'm happy with how everything went and feel secure with my policy.

Karem Raja Rao

West Godavari

Quick policy issuance

The journey of purchasing Car insurance from Reliance Insurance Company (now IndusInd Insurance Company) felt effortless and user-friendly. I felt that my protection needs were well addressed with this policy. I am satisfied with the main policy and don't see a need for extras.

The car insurance process was efficient and well-supported. I felt like I was making a smart, informed choice.

Veeraiah Kamatam

Wanaparthy

Quick policy issuance

Buying a Health policy through the platform of Reliance General Insurance (now IndusInd General Insurance) was straightforward and quick. The coverage provided matches my expectations and feels comprehensive. I am satisfied with the main policy and don't see a need for extras.

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Frequently Asked Questions (FAQs)

What happens to the commercial vehicle insurance policy if I sell my vehicle?

You have two options when selling your vehicle. First, you can transfer your existing insurance policy to the new vehicle owner along with all coverage benefits. Second, you can cancel the policy once the new owner buys their own insurance coverage. In cases where you’ve sold your vehicle and haven't replaced it immediately, and the policy isn’t renewed immediately either. Your accumulated NCB can be transferred to your new insurance policy provided you buy the new plan within 3 years from the expiry of your previous policy.

What is the best insurance for commercial vehicles?

Commercial vehicle insurance comes in two types: third-party and comprehensive coverage options for all commercial vehicles. While third-party insurance meets legal requirements under the Motor Vehicle Act, we recommend choosing comprehensive coverage for complete protection against accidents, theft, fire and natural disasters. Comprehensive policies provide broader coverage, including own damage protection, personal accident benefits and various add-on options to customise your policy according to specific business needs.

What factors affect taxi insurance premium rates?

Your taxi insurance premium depends on vehicle type, age, location of registration, coverage chosen, Insured Declared Value (IDV) and driving history. Additional factors include cubic capacity, safety features like anti-theft devices and add-on covers selected. No Claim Bonus from previous years can significantly reduce your premium. IndusInd offers competitive rates with flexible payment options and discount schemes.

Who is insured under commercial vehicle insurance?

The business owner/policyholder, authorised driver/employees operating the vehicle for business purposes and the vehicle itself are insured under taxi insurance. Coverage extends to drivers with valid licences who have permission to operate the commercial vehicle, protecting against liability, damage and theft during business operations.

Why is taxi insurance mandatory in India?

Under the Motor Vehicle Act of 1988, all commercial vehicles, including taxis, must have at least third-party insurance coverage. Operating without insurance can result in fines of ₹2,000 to ₹4,000 plus up to three months' imprisonment. This IndusInd commercial car insurance protects both taxi operators and passengers from financial losses due to accidents, ensuring legal compliance and business continuity.