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What Our Plans Cover
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Third-party death
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Legal liability to passengers trav...
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Own damage from accident
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Natural calamities and man-made pe...
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Paid driver cover under the statut...
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Towing and removal after an accide...
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Personal accident cover for the ow...
Who Can Consider This Plan?
- Vehicle registered in India with a valid registration certificate
- Valid driving licence for the class of vehicle
- Vehicle fit for use — a failed fitness certificate affects commercial cover
- Accurate declaration of use: private, commercial, or hired out
- Previous insurance details, where no-claim bonus is being carried forward
What May Not Be Covered?
- Carrying more passengers than the permit allows
- Operation outside the geographical area of the permit
- A driver without the correct licence class or badge
- Use as a private vehicle where the policy is issued for a specific commercial purpose
- Loss of earnings during repair, unless a downtime add-on is taken
Always check the policy wording before you commit.
Why Choose Wealth & Covers?
- Expert advice to choose the right plan
- Plans from leading insurance companies
- Hassle-free process and documentation
- End-to-end support, including claim assistance
- Dedicated relationship manager
Our Insurance Partners
- Star Health Insurance
- Care Health Insurance
- Niva Bupa Health Insurance
- HDFC ERGO
- ICICI Lombard
- Bajaj Allianz
We represent multiple providers to help you find the most suitable option at the best price.
- Expert Guidance Personalised advice from experienced insurance professionals.
- End-to-End Support From choosing the right plan to claim assistance, we are with you always.
- Claims Assistance Hassle-free claim support to ensure you get what you deserve.
- Transparent Process Clear information, easy documentation and a hassle-free experience.
Overview
A taxi carries fare-paying passengers, and that single fact places it outside every private car policy in the market. Commercial passenger-carrying cover exists because the exposure is different: the vehicle runs far more kilometres, is driven by employed drivers, and carries people whose injuries the operator is liable for.
The most important element is legal liability to passengers. A private policy covers third parties outside the vehicle; a taxi policy extends that to the people inside it, which is the claim most likely to be large.
The second element is the driver. Commercial policies contemplate paid drivers holding the correct badge and licence class, and a claim involving a driver without them is a claim the insurer will contest.
Who should consider it
Anyone operating a vehicle for fare-paying passengers — an owner-driver taxi, a car attached to an aggregator platform, a hotel or corporate car on hire, or a small fleet of them.
It applies whether the vehicle is used full time or part time. Part-time commercial use on a private policy is precisely the situation insurers refuse claims on, and it is more common than most operators realise.
Benefits
- Legal liability to fare-paying passengers, which no private policy provides
- Own damage cover appropriate to high-utilisation commercial running
- Cover for the paid driver under a statutory workmen's compensation extension
- Keeps the vehicle compliant with permit and fitness requirements
- Fleet-level structures available once the vehicle count grows
- Cashless repair, which matters more when downtime is lost earnings
What is covered, and what is not
Read the right-hand column first. It is the one that decides whether a claim is paid.
Typically covered
- Third-party death, injury and property damage
- Legal liability to passengers travelling in the vehicle
- Own damage from accident, fire and theft
- Natural calamities and man-made perils
- Paid driver cover under the statutory extension
- Towing and removal after an accident, up to the policy limit
- Personal accident cover for the owner-driver
Typically not covered
- Carrying more passengers than the permit allows
- Operation outside the geographical area of the permit
- A driver without the correct licence class or badge
- Use as a private vehicle where the policy is issued for a specific commercial purpose
- Loss of earnings during repair, unless a downtime add-on is taken
- Goods carried for hire in a passenger vehicle
- Wear, tear and mechanical breakdown
Inclusions and exclusions vary between providers and between plans from the same provider. The wording in your own policy document is what governs — we will walk you through it before you buy.
How it works with us
- 1 Send us the vehicle details Registration number, make and variant, year, and your current policy if you have one. Thirty seconds of typing.
- 2 We check what you are actually insured for IDV, add-ons, voluntary excess and no-claim bonus. Most renewals we see carry an IDV set years ago and never revisited.
- 3 Two or three quotes, compared on cover and not on price With the garage network in your city and each insurer's claim record put next to the premium.
- 4 Inspection where the law requires it A break in cover or a mid-term insurer change means an inspection. We arrange it, usually by video.
- 5 Policy issued, and we handle the claim when it comes You call us at the garage, not a helpline. We deal with the surveyor and the settlement.
Important considerations
The things a brochure tends to leave out. Read these before you decide.
- Seating capacity and permit area are checked at claim stage. Operating one passenger over the permitted number can put the entire claim at risk.
- Aggregator platforms do not insure your vehicle. Their cover, where it exists, sits on the trip, not on the car — you still need commercial cover in your own name.
- Paid driver documentation is the most frequent point of failure. Keep licence, badge and address proof current for every driver on the vehicle.
- Downtime is a real cost that a standard policy does not meet. If the vehicle is your income, price a loss-of-use add-on rather than assuming the risk.
- A taxi run part time on a private policy is uninsured for its commercial use. There is no partial version of this — declare it.
Documents required
- Registration certificate (RC) of the vehicle
- Previous policy copy, for no-claim bonus and continuity
- Driving licence of the owner or the usual driver
- Identity and address proof
- PAN card, where the premium crosses the reporting threshold
- Invoice or delivery note, for a new vehicle
- Vehicle inspection report, where there has been a break in cover
Frequently Asked Questions
Can I use a private car policy if I drive part time on an app?
No. The moment the vehicle carries fare-paying passengers it needs commercial cover. Insurers examine trip records and platform accounts at claim stage, and undeclared commercial use is a straightforward basis for rejection.
Are my passengers covered?
Yes — legal liability to fare-paying passengers is the defining feature of this class of policy, and it is the cover a private policy does not provide at all.
Does the platform's insurance cover my vehicle?
Generally not for own damage. Aggregator cover typically attaches to the trip and the people on it, not to the car as an asset. Your own commercial policy is what repairs or replaces the vehicle.
What if my driver has an ordinary licence?
A paid driver of a commercial passenger vehicle needs the correct licence class and, where the state requires it, a badge. An accident with an improperly licensed driver gives the insurer clear grounds to contest the claim.
Is a no-claim bonus available on a taxi policy?
Yes, on the same principle as a private policy. It is simply harder to sustain, because commercial mileage produces more incidents. Weigh small claims against the bonus before submitting them.
Want a shortlist instead of a catalogue?
Tell us the situation and an advisor comes back with two or three options that actually fit — and names what each one gives up.