The programme brings several key advantages for customers. It is India’s first-of-its-kind programme in the mass EV segment and is not tied to any finance or loan program. The programme helps reduce depreciation risk and makes upgrading to a newer MG model much easier, allowing them to decide whether they choose to retain, return, or upgrade to a new MG vehicle. Customers will have the option to retain, surrender, or exchange their vehicle at the end of the selected tenure. By reducing depreciation concerns, the programme is designed to boost buyer trust and accelerate EV adoption across India. It also offers greater financial predictability, convenience, and long-term peace of mind.
Shanai Ghosh, MD & CEO, Zuno General Insurance, said, “As a digital insurer, this partnership strengthens our vision of building a strong, future-ready EV insurance portfolio. Electric mobility is reshaping how India moves, and we’re excited to support that shift with solutions that stay true to Zuno’s promise of easy, friendly, and transparent. Our collaboration with JSW MG Motor India reinforces our commitment to making EV ownership simpler and more secure for customers.” Zuno General Insurance, the programme’s insurance partner, is a new age insurer committed to creating digital-first protection that simplifies long-term EV ownership.
Commenting on the partnership, Dr. Sandeep Dadia, CEO & Country Head, Lockton India, said, “As EV adoption accelerates, customers increasingly seek clarity and confidence around long-term ownership. MG EVs are known for its true-to-range offerings with highest resale valueand through our participation in MG’s extended Assured Buy Back Program, we’ve focused on shaping a solution that provides predictable value in a simple and transparent way. Initiatives like this empower customers to plan their EV journey with greater certainty and strengthen overall trust in India’s rapidly evolving electric mobility ecosystem.”