Liberty General Insurance Ltd. (LGI) has announced the launch of customized electric vehicle insurance plans for Tesla owners in India. This move positions Liberty as one of Tesla’s preferred insurance partners in the country, aligning with the automaker’s official entry into the Indian market.
The insurance plans have been developed to meet the specific needs of electric vehicle owners. They include coverage for essential charging infrastructure such as cables, wall-mounted units, and adaptors. An add-on named Battery Secure offers protection for battery-related repairs and replacements—recognizing the importance of battery performance in EV ownership.
Liberty is also offering a service package titled Liberty Complete Assistance. This includes roadside services tailored for electric vehicles, such as on-the-spot charging, flatbed towing, temporary accommodation, continued travel support, and hydra services.
Additional optional covers are available for Tesla customers, including Full Depreciation Shield, Gap Value Protection, tire and consumables coverage, key replacement, personal belongings cover, EMI support, and passenger assistance benefits.
Speaking on the development, Parag Ved, CEO and Whole-Time Director of Liberty General Insurance Ltd., said that Liberty’s EV-specific solutions are designed from the ground up to support electric mobility and offer a digital-first, responsive experience for customers. He added that the company aims to make insurance more adaptive and user-friendly to encourage broader adoption of electric vehicles in India.
This initiative reflects Liberty General Insurance’s broader efforts to support the transition to electric mobility by offering products that align with modern vehicle technologies and evolving customer expectations.
Liberty General Insurance Ltd. is a joint venture between Summit Asia Investment Holdings PTE Ltd. (a part of Liberty Mutual Insurance Group), Enam Securities, and Diamond Dealtrade. Founded in 2013, the company operates in over 95 locations across 28 states and Union Territories, with a workforce of more than 1,100 employees. Its network includes over 6,000 hospitals and 5,400 auto service centres. Liberty offers a range of insurance products across health, motor, commercial, liability, marine, and property segments.