Liberty General to Offer Tailored EV Insurance for Tesla Owners in India

Liberty General Insurance Ltd. (LGI), a joint venture between Liberty Mutual Insurance Group (US), Enam Securities, and Diamond Dealtrade, has been appointed as one of the preferred insurance partners for Tesla in India, marking a key milestone in the country’s evolving electric mobility landscape.

As Tesla expands its footprint in India with its lineup of electric vehicles, LGI is introducing a set of insurance products designed specifically to meet the unique needs of EV owners.

The collaboration reflects a shared vision between the two companies to reshape vehicle ownership in India through digital-first solutions and intelligent, tech-integrated insurance products. LGI's Tesla-specific offerings include a comprehensive protection suite tailored to the high-performance nature of Tesla vehicles and the lifestyle of their consumers.

Among the key features is EV Secure, which covers critical charging infrastructure like cables, wall units, and adaptors. The Battery Secure add-on provides a specialised cover for EV batteries, supporting both repairs and replacements, crucial for long-term performance. LGI’s Complete Assistance package promises extensive roadside support for Tesla owners, offering services such as on-site charging, flatbed towing, hydra lifting, and even temporary accommodation in case of breakdowns.

In addition, customers can choose from a range of premium add-ons, including full depreciation shield, gap value protection, tire and consumables cover, key replacement, and even EMI protection, each aimed at delivering a seamless and worry-free ownership experience.

Commenting on the development, Parag Ved, CEO and Whole-Time Director of Liberty General Insurance Ltd., said, “Tesla’s arrival in India is more than just the entry of a global electric carmaker, it signals a transformative shift in how India moves. We’re proud to be among Tesla’s preferred insurance providers. Our EV-focused products are not retrofitted, they’re engineered from scratch to support a future-forward driving experience.”

He added that the company's goal is not just to serve Tesla customers but also to encourage broader adoption of electric mobility by delivering insurance that’s 'smarter, more adaptive, and seamlessly integrated.'