Drive Electric with Confidence: Royal Sundaram’s EV Protect Add-On Now Available for Comprehensive Coverage
Global EV adoption is gaining unprecedented momentum.
According to the IEA, over 17 million electric cars were sold globally in 2024,
with projections for 2025 surpassing 20 million vehicles, representing more
than one in four cars sold worldwide. India is also seeing steady growth, with
electric passenger vehicles accounting for 4.1% of total car sales in May 2025,
nearly doubling from 2.6% the previous year, as per data from the Federation of
Automobile Dealers Associations (FADA).
In line with this transition to cleaner
mobility, Royal
Sundaram General Insurance offers the EV Protect Add-On, a specialised
insurance solution tailored to the unique needs of electric vehicle (EV)
owners. The add-on is designed to cover the components and risks most relevant
to today’s battery-powered, digitally integrated vehicles, helping ensure comprehensive
protection in a fast-evolving automotive landscape.
“Electric vehicles represent a significant step
forward for mobility, but they also bring new technical risks that standard
policies were never designed to cover. With EV Protect, Royal Sundaram ensures
that EV owners have the specialised coverage they need to drive with
confidence, no matter the conditions,” said Mallikarjun Mallannavar, Chief
Claims Officer at Royal Sundaram
Why EV Protect?
With batteries, motors, and high-voltage electronics
forming the core of every electric vehicle, traditional motor insurance may not
fully address the unique risks EV owners face. Royal Sundaram’s EV Protect
Add-On bridges this gap by offering targeted coverage that complements its
existing Private Car Package Policy, Long-Term/Bundled Policy, and Standalone
Own Damage Policy, ensuring more complete protection for electric vehicles on
Indian roads.
Here’s what EV Protect brings to the table:
- Battery
& Motor Protection: Provides cover for
repair or replacement of critical EV components such as lithium-ion
batteries, electric motors, inverters, and battery management systems
(BMS) in the event of a power surge, thermal runaway, water ingress, or
short circuit. - Charging
Accessory Cover: Includes standalone
protection for wall-mounted and portable chargers, cables, and adaptors,
ensuring that damaged charging equipment doesn’t disrupt mobility. - Surge
Damage Protection: Shields high-value
electrical systems from damage due to sudden current spikes during charging—risks
that standard warranties often exclude. - Flood-Related
Protection: As climate patterns grow more
erratic, the add-on offers targeted coverage for water-related failures to
essential EV systems, which is especially vital in India’s flood-prone regions. - Transferable
and Flexible: The add-on is linked to the
vehicle, not the owner, making it transferable upon resale.
“From residential charging setups to rising monsoon
risks, Royal Sundaram has looked at the real-world concerns of EV users. EV Protect
addresses those pain points with precision,” said Mallikarjun Mallannavar,
Chief Claims Officer at Royal Sundaram
A Future-Ready Cover for Future-Ready Vehicles
EVs aren’t just vehicles; they’re integrated
ecosystems. A single malfunctioning component can impact the entire system.
With EV Protect, Royal Sundaram aims to shield owners from high out-of-pocket
expenses while keeping their vehicles roadworthy and reliable.
The add-on is specifically designed for responsible,
private-use Battery Electric Vehicles (BEVs) and requires adherence to basic
care protocols, such as following OEM-recommended servicing schedules and using
authorised charging equipment.
As electric adoption gains momentum, Royal Sundaram
continues to play an active role in ensuring Indian EV owners are protected,
not just today but for every mile on the electric road ahead.
