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
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.
It 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
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. PTI
