Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Drive green with a battery rider
Financial Express Hyderabad
|May 05, 2025
TAKE BATTERY PROTECTION COVER WHEN BUYING INSURANCE FOR ELECTRIC VEHICLE
GIVEN THE UNIQUE technology in electric vehicles (EVs), opting for a battery protection or replacement rider could be a smart choice when buying motor vehicle insurance for your EV. It can help prevent significant out-of-pocket expenses, particularly for those driving long distances regularly or residing in areas with extreme temperatures that can affect battery health.
In an EV, the battery accounts for around 60% of the total cost. It is the most financially sensitive component. Any damage from water ingress or accidents can lead to extremely high repair and replacement costs. Battery replacement due to water ingression or short circuit is covered if you opt for the replacement rider.
Battery replacement and other riders
This story is from the May 05, 2025 edition of Financial Express Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Hyderabad
Financial Express Hyderabad
Pulses imports likely to fall 45% in FY26
INDIA'S PULSES IMPORTS in the current fiscal are likely to decline by 45% to around 4 million tonne (MT) in FY26, from a record 7.34 MT in 2024-25, trade sources said citing adequate carry forward stocks and robust crop prospects.
1 mins
December 20, 2025
Financial Express Hyderabad
Adani gives wings to airport biz with ₹1L-cr investment
ADANI AIRPORTS HOLDINGS (AAHL) plans to invest around ₹1 lakh crore over the next five years across airport infrastructure, terminals and city-side development.
1 min
December 20, 2025
Financial Express Hyderabad
Delhi govt schools choke, private ones turn to air filters
IN THE NURSERY section of an elite South Delhi school this week, the head of Junior School conferred urgently with a class teacher whose students had left the room for a few minutes at the change of periods.
2 mins
December 20, 2025
Financial Express Hyderabad
Piramal Finance exits Shriram Life for ₹600 cr
PIRAMAL FINANCE ON Friday said it has decided to sell its entire 14.72 per cent stake in Shriram Life Insurance Companyto South Africa-based Sanlam Group for ₹600 crore.
1 min
December 20, 2025
Financial Express Hyderabad
Funds for rural roads scheme see gross underutilisation
STATES’ SPENDING CAPACITY LIMITED
2 mins
December 20, 2025
Financial Express Hyderabad
SAT eases curbs, grants partial relief to Sathe
THE SECURITIES APPELLATE Tribunal (SAT) on Friday granted partial relief to Avadhut Sathe Trading Academy, allowing the entity to withdraw money to meet its routine expenses.
1 mins
December 20, 2025
Financial Express Hyderabad
Funds grapple with paucity of accredited investors
Sebi panel aims to ease investor accreditation process
2 mins
December 20, 2025
Financial Express Hyderabad
Advance taxes grow 4.3% in Q3
Apr-Dec direct tax mop-up rises 8% on lower refunds
1 min
December 20, 2025
Financial Express Hyderabad
'New labour codes a game changer, suited to economy'
THE FOUR NEW labour codes passed by Parliament are a game-changer and well suited to a dynamic economy, Labour and Employment Secretary Vandana Gurnani said on Friday.
1 min
December 20, 2025
Financial Express Hyderabad
'English would not touch hearts in anti-elite era'
OVER THE YEARS, stand-up comedian Zakir Khan has broken ceilings and defied norms.
3 mins
December 20, 2025
Listen
Translate
Change font size