Commercial Vehicle Insurance
For the vehicles that earn a living — taxis, trucks, pick-ups and school buses.
- Goods and passenger carrying vehicles
- Cover for driver, cleaner and conductor
- Whole fleet renewed at one outlet
When a vehicle is the business, a day off the road is a day without income. Commercial vehicle insurance protects the owner against accident damage, third-party claims and the loss of the vehicle itself — and it keeps the driver and the passengers covered too.
Paydeer offers commercial motor policies from multiple insurers, so the premium for a taxi, a pick-up or a school bus can be compared and issued from the same retail outlet at a very competitive rate.
01Commercial Vehicles Insured Through Paydeer
- Taxi / PCV – cabs, autos and other passenger carrying vehicles running on a commercial permit.
- Light Commercial Vehicle – goods vehicles up to 7500 kg gross vehicle weight, including pick-ups and mini trucks.
- Heavy Commercial Vehicle – trucks, trailers and tippers above 7500 kg.
- School Bus & Staff Bus – passenger carrying vehicles with cover for every occupant.
- Miscellaneous & Special Vehicles – tractors, agricultural vehicles and construction equipment.
02What The Policy Covers
- Third-party injury, death and property damage — mandatory for every commercial vehicle.
- Own damage to the insured vehicle from accident, fire, riot or natural calamity.
- Theft of the vehicle, settled at the Insured Declared Value.
- Personal accident cover for the owner-driver, with optional cover for the paid driver, cleaner and conductor.
- Legal liability towards employees under the Workmen’s Compensation Act, where opted.
- Cover for the goods being carried, available as an add-on with certain insurers.
03What Decides The Premium
Commercial motor premium is built from more variables than a private car, and a retailer who understands them can genuinely bring the customer’s cost down.
- Gross vehicle weight for a goods carrier, and seating capacity for a passenger carrier.
- Age and IDV of the vehicle — the older the vehicle, the lower both the IDV and the own-damage premium.
- Zone of registration — the country is split into zones, and metro registrations pay more.
- Type of permit — a national permit costs more to insure than a state or local one.
- Claim history — a clean fleet earns the No Claim Bonus year on year.
- Add-ons chosen — legal liability for the crew, goods in transit, and zero depreciation where the insurer allows it.
04Add-Ons Worth Selling To A Fleet Owner
- Legal Liability To Paid Driver, Cleaner And Conductor: costs very little and is the difference between the owner paying a workmen’s compensation award himself or the insurer paying it.
- Extra Personal Accident Cover: for the driver and, on a bus, for the passengers seat by seat.
- Goods In Transit / Marine Cover: a motor policy insures the truck, never the cargo. A separate cover is what protects the load.
- Loss Of Income Cover: a daily allowance while the vehicle is off the road for accident repairs, offered by some insurers.
- Road-Side Assistance And Towing: valuable for long-route trucks that break down far from home.
05Why Fleet Owners Choose Paydeer
- Quotes from several commercial motor insurers compared in one place.
- Policies for an entire fleet can be renewed from the same outlet, on the same day.
- Very low cost of doing business for the retailer, and a strong margin on every commercial policy.
- Renewal tracking so a permit vehicle is never caught without valid insurance at a checkpost.
✓What the policy covers
- Third-party injury, death and property damage caused by the insured vehicle.
- Own damage from accident, fire, explosion, riot, strike and malicious damage.
- Theft of the vehicle, settled at the Insured Declared Value.
- Flood, cyclone, earthquake, landslide and other natural calamities.
- Damage while the vehicle is in transit by road, rail, air or inland waterway.
- Compulsory personal accident cover of ₹15 lakh for the owner-driver.
- Paid driver, cleaner and conductor, where the legal liability extension is taken.
- Passengers of a bus or a taxi, where per-seat accident cover is opted for.
✕What it does not cover
- Carrying load beyond the capacity or the passengers beyond the seating shown on the permit.
- Running without a valid permit, fitness certificate or pollution certificate, where the law requires one.
- A driver without a valid licence for that class of vehicle, or driving under the influence of alcohol.
- The goods being carried — a motor policy insures the vehicle, not the cargo.
- Normal wear and tear, depreciation, and mechanical or electrical breakdown.
- Use outside the geographical area or outside the route the permit allows.
- Damage caused deliberately, and any loss during war or a nuclear event.
On this page
Documents to bring
- Registration Certificate (RC) of the commercial vehicle
- Permit and fitness certificate of the vehicle
- Copy of the previous year’s policy
- Driving licence of the driver, with the correct vehicle class endorsed
- PAN and GST registration of the business, where the vehicle is owned by a firm
- Photographs of the vehicle for inspection, if the earlier policy has expired
Paydeer retailers
Issue Commercial Vehicle Insurance from your own counter and earn on every policy and every renewal.
Become a partnerHow the policy is issued at a Paydeer outlet
Four steps from the counter to the policy PDF in the customer’s hand.
Give the vehicle and permit details
Registration number, category (GCV or PCV), gross vehicle weight or seating capacity, and the type of permit the vehicle runs on.
Fix the IDV and the extensions
The retailer sets a realistic IDV and adds the crew legal liability, extra driver cover and any goods-in-transit protection the owner needs.
Compare and pay
Quotes from several commercial motor insurers are shown together, with the No Claim Bonus of the fleet applied.
Policy is issued
The PDF is delivered the same day so the vehicle is never stopped at a checkpost. An inspection is arranged only where the previous policy had lapsed.
Sell Commercial Vehicle Insurance from your own shop
Compare plans from multiple insurers, issue the policy in minutes and earn a commission on every sale and every renewal — from the same Paydeer portal you already use for recharge, AEPS and bill payments.
Questions customers ask
The doubts that come up most often about Commercial Vehicle Insurance, answered the way a retailer would explain them across the counter.
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Is commercial vehicle insurance different from private car insurance?
Yes. A vehicle used to carry goods or paying passengers must be insured under a commercial policy. A private car policy will not pay a claim if the vehicle was being used commercially at the time of the accident.
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Are the driver and the conductor covered?
The owner-driver gets a compulsory personal accident cover. Paid drivers, cleaners and conductors are covered by adding the legal liability extension to the policy, which is inexpensive and strongly recommended.
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What decides the premium for a commercial vehicle?
The gross vehicle weight, the seating capacity, the age and IDV of the vehicle, the geographical zone of registration, the type of permit and the claim history all affect the premium.
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Can a school bus be insured through Paydeer?
Yes. School buses and staff buses are insured as passenger carrying vehicles, with cover available for every seat in the vehicle.
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Are the goods being transported covered by the motor policy?
A standard commercial motor policy covers the vehicle, not the cargo. Cover for the goods is available separately as a marine or goods-in-transit policy, or as an add-on with some insurers.
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What happens if the vehicle was overloaded at the time of the accident?
Overloading is a breach of the permit and the policy condition. The insurer can reduce or reject the own-damage claim, and in a third-party case may pay the victim and then recover the amount from the owner.
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Can a whole fleet be insured on one policy?
Some insurers offer a fleet policy where all the vehicles renew on a single date, which is far easier to track. Otherwise each vehicle carries its own policy, and a Paydeer retailer renews them all from the same outlet.
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Does a private car used on an app-based taxi platform need a commercial policy?
Yes. The moment the vehicle carries paying passengers it must have a commercial passenger-carrying policy and a commercial permit. A private policy will not respond to that claim.
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Is the No Claim Bonus available on commercial vehicles?
Yes, on the own-damage part of the premium, on the same 20% to 50% scale as private vehicles. It is lost if there is a claim in the year or a break in cover of more than 90 days.
Other insurance services at Paydeer
One outlet, one login — every cover a customer is likely to ask for.
Bike / Two-Wheeler Insurance
The cheapest policy on the Paydeer portal, and the one customers need most often.
Travel Insurance
Medical emergencies, cancelled trips and lost baggage — covered before the journey starts.
Personal Accident Insurance
A very large cover for a very small premium — for anyone who earns with their hands.
