The law in the country makes it compulsory to insure your two wheeler. The compulsory nature of the law protects you against third party liability. Insurance protects this asset and helps you in coping with the financial loss caused by accidents, damage or theft. Another reason is that while driving, you are responsible for the safety of:
For every bike out there, we have two types of coverages you choose from:
Third Party Liability: Provides protection against the claims of another party who has incurred loss and damage to life/property caused by the insured vehicle
Standard Package Policy (Comprehensive Policy): This one is like the big family umbrella. Includes third-party damage as well as theft & damage caused to your own vehicle due to accident, natural disasters, fire, etc.
The IDV of two wheelers is to be fixed based on the manufacturer’s listed selling
price of the brand and model, as the vehicle proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation. The schedule of depreciation for arriving at IDV is as below:
|Age of the Vehicle||% of Depreciation for fixing IDV|
|Not exceeding 6 months||5 %|
|Exceeding 6 months but not exceeding 1 year||15 %|
|Exceeding 1 year but not exceeding 2 years||20 %|
|Exceeding 2 years but not exceeding 3 years||30 %|
|Exceeding 3 years but not exceeding 4 years||40 %|
|Exceeding 4 years but not exceeding 5 years||50 %|
If you sell your bike to another person, the insurance can be transferred in the name of the buyer. The buyer (transferee) has to apply for transfer of Insurance with us, within 14 days from the date of transfer of the vehicle in his name. If you want to substitute another two wheelers of you in this policy, the policy will not be transferred to the buyer. The buyer (transferee) has to buy a fresh insurance.
No Claim Bonus (NCB) is a discount on premium of the own damage (OD) portion of your vehicle when you renew your policy, provided you have not made any claim during the last policy period of one year. The NCB can be accumulated up to a maximum limit of 50% on own damage premium for two wheelers. You can transfer the full benefits of NCB, even when you shift your two wheeler insurance to any other insurer from current Insurance company.
Yes, in case you are changing from current insurance company to any other insurance company and have accrued some NCB from them, you can get the same transferred in case your two wheeler is insured within 90 days of your renewal due date.
Notify or submit a claim in the following way:
While notifying the claim, following information should be provided:
Place and contact details of the person at the loss location
toll free no. 18001230004 or
Mail at email@example.com
Digit understand the pain that can come with damaging your bike! They do not want to worsen it, which is why they have come up with an easy & quick claims process.
Give them a call at 1800-258-5956/1800-103-4448 & tell them about the incident. They will send a self-inspection link on your mobile number, click the pictures of the damage & upload.
Once claim is approved, they will either give you advance cash for your repair so that you can repair it at your preferred garage, or you can choose from Digit’s Cashless Network Garages.