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Commercial Truck Insurance Plans
Trucks are among the most common commercial vehicles used in India for business operations. Reports also indicate that the domestic sales of commercial vehicles in India was approximately 9 lakhs for FY 2024-25, with trucks contributing a significant percentage of these sales. However, with more trucks on the road, the risk of damage to your truck and the surrounding vehicles is higher. This is where truck insurance comes into play.
With the right insurance for trucks, businesses and truck drivers can benefit from necessary financial protection. Plus, you get coverage during unforeseen events that can otherwise result in hefty expenses.
IndusInd General Insurance (formerly Reliance General Insurance) understands the unique challenges faced by truck owners and fleet operators. Our comprehensive commercial truck insurance is designed to protect your vehicles, safeguard your finances and ensure your business operations continue running smoothly—even in the face of the unexpected.
What Is Truck Insurance?
Commercial truck insurance is a type of commercial vehicle insurance. It provides financial protection to goods vehicles such as commercial carrier trucks, lorries or pick-up trucks.
Under commercial lorry insurance, you get coverage for any damage to your vehicle due to floods, accidents, earthquakes, riots, theft, vandalism and other associated risks that come with truck operations.
Additionally, you get coverage for third-party liabilities in case your truck damages a third party or their property.
With an IndusInd truck insurance policy, you can ensure your business is compliant with the law and get coverage for your fleet without worrying about financial loss.
Why Companies Choose IndusInd Commercial Vehicle Insurance?
IndusInd Commercial Vehicle Insurance is a dependable choice for businesses seeking swift policy issuance, trusted claims support and India-wide accessibility of services.
Quick Commercial Policy Issuance*
Just apply, pay and download!
Property Damage Cover
Get comprehensive coverage with us
24/7 Customer Support*
Dedicated support anywhere in India
11,000+ Network Garages*
Quick cashless claims pan-India
Why is Having Truck Insurance Necessary in India?
Legal Compliance
Third-party insurance is mandatory for all commercial trucks and other carrier vehicles to drive in India. If you are found without this insurance policy, you will have to pay heavy fines and may even face imprisonment in some cases.
Financial Protection for Truck Damages
Regardless of how careful your employees are while driving, certain accidents can cause significant damage to your vehicle. In such situations, truck insurance comes in handy as it covers repair costs for your truck.
Coverage for Third-Party Liabilities
With truck or motor carrier insurance, you get coverage for third-party liabilities. These include damages caused to another person or their property due to your truck. These damages can result in major legal liabilities that may harm your business operations, so having truck insurance is essential.
Customisation Flexibility
To personalise your truck insurance, you can combine different add-ons with your base policy and benefit from increased coverage. You can choose as many add-ons as required to meet your specific business needs and requirements.
Personal Accident Cover
In case of accidental injuries or death, truck insurance provides personal accident coverage for drivers. It covers the medical expenses for medical treatment or provides compensation to the family in case of the driver's unfortunate death in an accident.
Business Continuity
With truck insurance, you can keep your business running smoothly. This is because it helps you manage accidental damage to your trucks and any financial loss incurred because of that damage with proper coverage. This way, you can continue operations without major disruptions or delays in your work.
Key Features of IndusInd Commercial Truck Insurance
Key Features | Details |
|---|---|
Coverage | Third-Party + Own Damage Coverage |
Premium Discounts | Up to 90%** + Up to 50%* NCB discount |
Personal Accident (PA) Cover | Up to ₹15 lakhs + Built-In |
Add-Ons | Over 15 Add-Ons |
Cashless Repairs | Available at 11,000+ Cashless garages* |
Renew/Buy Online | Online via Website and IndusInd Insurance App |
24/7 Customer Support | Available through Calls, WhatsApp and Email |
How to Buy/Renew IndusInd Truck Insurance?
Buy Online
Scroll up to the form at the top of this page and enter your details to get started.
Enter your policy number or mobile number to start the truck insurance process.
Check available plans, coverage options and premium amounts to find the best protection.
Add extra covers like zero depreciation, engine protection or roadside assistance as needed.
Review all policy details, make secure payment online and get documents via email.
Renew Online
Scroll up to the form at the top of this page and click "Renewal" to get started.
Enter your existing policy number or vehicle registration number for renewal processing quickly.
Check your current coverage details and decide if any changes are needed now.
Add or modify coverage options based on your current truck business needs today.
Confirm policy details, complete the payment process and download the renewed certificate immediately after payment.
IndusInd Truck Insurance Inclusions and Exclusions
What is Covered
Accidents and Collisions: Covers repair or replacement costs when your truck gets damaged in road accidents.
Third-Party Liabilities: Pays for damage to other people's property, vehicles or injuries caused by your truck.
Towing Charges: Reimburses the cost of towing the vehicle from the accident spot to the nearest garage as per policy limits.
Natural Disasters: Protects against damage from floods, storms, earthquakes, cyclones and other natural events.
Fire or Explosion: Covers damage from fire, explosions, lightning strikes and self-ignition of the truck.
Man-made Events (riots/strikes): Covers damage resulting from riots, strikes, malicious acts, and other civil disturbances
Personal Accident (PA) Cover: Offers financial protection to the owner-driver for accidental injury, disability or death, as mandated under motor insurance rules.
EV Protections (if applicable): Covers electric vehicle-specific components such as the battery, onboard charger, cables, and damage from short circuits or electrical issues, depending on the policy.
Theft: Provides protection when the truck is stolen or damaged during theft or break-in.
What is not Covered
Wear and Tear: Normal wear, like tyre damage, brake pads and paint fading, is not covered.
Depreciation: Regular drop in truck value due to age and use, unless Zero Depreciation add-on is bought.
Accessory Coverage: Electrical and non-electrical accessories (added after the truck’s purchase) are not covered without specialised add-on coverage.
Law Violations & Outside Coverage Zone: We cover all accidental damage except those that arise due to law violations and damage caused when driving outside of India's borders. For international coverage, you will need our Geo-extension add-on.
Disclaimer: The inclusions and exclusions are subject to policy terms and conditions. Please refer to the official policy document for complete details linked here
Cover your trucks, secure your business
One call is all it takes to secure your fleet!
IndusInd Truck Insurance Add-ons
Nil Depreciation Cover
Get full repair costs without any depreciation deduction when your truck parts lose value over time.
Return to Invoice Cover
Covers the difference between the insured amount and the original truck price when the vehicle is stolen or totally damaged.
24/7 Roadside Assistance
Round-the-clock emergency help with towing, fuel delivery and minor repairs when your truck breaks down anywhere.
Engine Protection
Pays for engine, gearbox or other parts repair costs when damaged due to water or oil leakage issues.
Consumable Cover
Covers the cost of oils, lubricants and filters needed during truck repairs after accidents or other covered damages.
NCB Retention Cover
Keep your no-claim bonus intact at renewal even after making one minor claim during the policy period.
Personal Accident (PA)
Mandatory PA cover, which provides financial protection against medical expenses or accidental injuries sustained by the driver up to ₹15 lakh*.
Tools & Equipment Cover
Covers loss or damage to tools kept in your truck due to accidents, theft or other incidents.
Personal Belongings Cover
Covers loss of personal items kept inside your truck, but money and documents/paperwork are not included.
Lock Replacement Cover
We pay for the replacement of locks or keys if they’re lost or damaged. You’ll also still retain your No Claim Bonus discount if no other vehicle damage claim is made.
Hospital Cash Cover
We offer a daily cash benefit and cover ambulance charges if the driver is hospitalised for more than 24 hours due to a truck accident.
Additional Towing Charges
If your insured vehicle needs towing after an accident, we increase the towing limit beyond the standard ₹1,500, helping you save on unexpected roadside expenses.
EMI Protection Cover
If your vehicle is under repair for more than 21, 42 or 63 days* due to an accident, we help pay your truck loan EMIs so you don't miss any payments.
Daily Allowance Benefit
Provides a daily cash allowance to manage your transportation needs when your insured truck cannot be used due to an accident or covered damage.
Tyre Protector
We cover damage to your vehicle's tyres and tubes resulting from accidents. We also cover the cost of wheel balancing, wheel alignment and labour charges.
Emergency Hotel Accommodation
Pays hotel costs when your truck breaks down or gets stolen more than 300 kilometres from home.
Voluntary Deductible
Get a premium discount by agreeing to pay part of the repair costs yourself when making insurance claims.
Additional Limit of TPPD
Provides extra third-party coverage for property damage caused to others by your truck during road accidents.
Pay As You Drive Cover
Premium is calculated based on actual kilometres driven, saving money for trucks used occasionally or part-time only. Pay lower premiums for only the kilometres you drive per year!
Key Protect
We cover the cost of replacing lost/stolen keys and installing new locks, including labour costs. We cover up to 1% of the claim amount or ₹500, whichever is higher*.
RIM Protection Cover
Covers repair costs for damaged alloy wheels from potholes, curbs and rough roads. We also cover labour charges for rim removal & refitting, wheel balancing, wheel alignment, and consumables costs.
Electric Vehicle Charger
We cover damage to your vehicle’s charging unit that was purchased with the vehicle. Ideal for drivers who charge on the go or use at-home charging setups.
EV Battery Protection
Provides coverage for expensive EV battery replacement due to manufacturing defects, overheating or environmental factors affecting battery performance.
EV Motor Protection Cover
Protects electric vehicle motors from damage caused by power surges, water ingress or electrical system failures specific to commercial EVs.
How to File a Claim Under IndusInd Commercial Truck Insurance?
Step 1
Call us within 24 hours at 022-4890 3009 or register on the IndusInd Insurance App immediately.
Step 2
Visit any of our 11,000+ network garages using our locator tool for cashless truck repair and claim processing.
Step 3
Use the IndusInd Insurance app for self-inspection or wait for our surveyor to visit within hours.
Step 4
Our surveyors will assess all damages to your truck and verify all required claim documents.
Step 5
Once a claim is approved, we pay the garage directly while you track progress on our mobile app.
Step 1
Report an accident within 24 hours at 022-4890 3009 or register on the IndusInd Insurance App.
Step 2
Get your truck repaired at any garage, pay upfront and keep all original repair bills.
Step 3
Submit a filled claim form, repair proof, payment receipts and clear photos of the truck incident damage.
Step 4
Our team reviews all documents, and once verified, the approved amount gets reimbursed to the account.
Step 5
Track your reimbursement claim status online through the IndusInd Insurance app or official website portal.
Things to Keep in Mind When You Buy Truck Insurance
Assess your Needs
The first thing to assess is your coverage requirements and budget. This is crucial to ensure you are aware of what to look for when choosing between different truck insurance policies.
Check Policy Coverage
Once you know what coverage you need, you must find different truck insurance plans that offer it at affordable rates. The key here is to check the policy inclusions to make the right decision.
Compare Policies
After shortlisting the policies that offer the coverage you need, compare them to choose the plan that offers the best coverage and other benefits to ensure maximum financial protection of your truck and business finances.
Review Policy Exclusions
Assessing the policy exclusions is crucial to avoid last-minute claim rejections and delays. Thus, you must carefully review all policy exclusions to make the right choice.
Assess Online Processes
To benefit from quick and easy solutions, you must also check the chosen insurer's availability of online processes for policy purchases, renewals and claim requests.
Read Policy Wording
Read the policy document carefully to understand the various terms, conditions and eligibility aspects and assess whether the policy meets your coverage needs.
Check Claim Settlement Ratio
You need to check the claim settlement ratio of different insurers to choose the one with the highest. A high claim settlement ratio indicates faster and more efficient claim settlements.
Assess Customer Support
Choose an insurer that offers 24/7 customer service for instant query resolution. This will ensure you have ample support in case of any doubt or emergency.
What Factors Affect Truck Insurance Premium Price?
My Employer is taking care of my Health Insurance and so I do not need one
Type and Model of Truck
The type and model of the truck directly impact the premium of your truck insurance policy. For instance, a 10-wheeler truck insurance price will be higher than a 6-wheeler truck insurance price due to the increased risk profile of a larger and heavier truck.
My Employer is taking care of my Health Insurance and so I do not need one
Purpose of Truck
The purpose for which the truck is being used also influences the truck insurance cost. If the truck completes local operations, the insurance premium will be lower than for trucks used for heavy material shifting through long routes.
My Employer is taking care of my Health Insurance and so I do not need one
Age of Truck
The older the truck, the higher the premium and vice versa. This is because older vehicles lose value over time and require more maintenance and repairs, whereas new trucks have a lower risk profile.
My Employer is taking care of my Health Insurance and so I do not need one
Choice of Add-Ons
The number and type of add-ons you combine with your base policy also impact the total premium of your truck insurance policy. Thus, you must carefully assess which add-ons are required for your truck for maximum protection.
My Employer is taking care of my Health Insurance and so I do not need one
Security Devices
If you have installed safety devices on your truck, they reduce the risk profile and result in lower premiums and vice versa.
My Employer is taking care of my Health Insurance and so I do not need one
Insured Declared Value
Your truck’s IDV will directly affect your insurance premium. IDV is the compensation an insurer pays you in case your truck is damaged beyond repair or is stolen. A higher IDV will result in a higher premium and vice versa.
My Employer is taking care of my Health Insurance and so I do not need one
Type of Plan
The choice of plan also affects the insurance premium. For instance, third-party truck insurance will be more affordable, but it does not provide any own damage coverage. On the other hand, a comprehensive plan will have a slightly higher premium as it offers more coverage for your truck.
My Employer is taking care of my Health Insurance and so I do not need one
Claim History
Your claim history will impact the No Claim Bonus benefit. A claim-free year will result in lower premiums for your truck insurance at the time of renewal, while numerous claims will result in higher premiums.
Key Takeaways
The India Commercial Vehicle market was valued at USD 53.89 billion in 2025 and is expected to reach USD 72.67 billion by 2031 with a CAGR of 5.11%. Plus, truck insurance is not just important but legally required under the Motor Vehicle Act, 1988. Hence, every truck owner in India must have at least third-party insurance to drive on the roads legally.
When it comes to businesses, even one accident can cost lakhs in repairs and legal fees. A good truck insurance policy protects your business from these huge costs. And that’s where we can help.
IndusInd General Insurance offers complete truck protection with proven results. We provide access to 11,000+ network garages* for easy cashless repairs across India, and you can buy, renew and track claims easily through our IndusInd Insurance app. Plus, our 24/7 support team is available to help you anytime you need assistance or guidance. Protect your truck, your business and your future with IndusInd General Insurance today!
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