Almost everything is insurable. However, General Insurance in India is bifurcated as Fire, Engineering, Marine and Miscellaneous Insurance.
Let us look at them as per the use and general acceptability. Following are the different types of General Insurances in India:
- Health Insurance
- Travel Insurance
- Motor Insurance
- Marine Insurance
- Home Insurance
- Commercial Insurance
Digit Insurance also offers insurance policies for Mobile, Bicycle, Shop Protection, and others.
1. Health Insurance
The Health Insurance cover from Digit offers protection for the medical expenses incurred due to hospitalization caused because of an accident or illnesses.
Although every policy is different, based on who it's being purchased for, it mainly covers:
- Accidental Hospitalization (pre & post)
- Accidental illness and hospitalization
- Daycare procedures
- Psychiatric Support
- Annual Health Checkups
- Daily Hospital Cash
The cover can be extended to cover the following with some predefined conditions:
- Maternity benefit with Infertility benefit
- Critical Illness
- Organ Donation
- AYUSH (Alternate Treatment)
The premium for the health insurance is charged on the basis of:
2. Travel Insurance
Travel Insurance covers your financial liability, if any, when you travel within or beyond the Indian boundaries. The financial liability may arise due to medical or non-medical emergencies.
The duration of the travel for one time can be 180 days at the maximum. The policyholder can take more than one trip in a year. Your Travel Insurance will cover:
- Loss of Baggage
- Loss of Passport
- Hijacking
- Medical Emergencies
- Delayed Flights
- Accidental Deaths
- Adventure Sports
Digit’s Travel cover comes with worldwide support and special features like:
- Zero Deductibles.
- Smartphone enabled claim process.
- Customized Travel Plan Cover.
- Missed call claim facilitation.
3. Motor Insurance
A Motor Insurance Policy is mandatory to be able to drive legally in India. Broadly there are two types a) Third-Party Liability b) Comprehensive Package Policy.
A Third-Party Policy covers for losses faced in a situation where your vehicle damages any third-party such as a public property, person or third-party vehicle. The same is the minimum requirement to be able to drive legally in India, as stated by the Motor Vehicles Act.
A Comprehensive Package Policy covers both third-party damages and liabilities and damages/losses caused to you and your own vehicle. The losses may arise due to an accident, theft, fire, natural calamities, and others.
Digit Insurance provides some add-ons under its Comprehensive Package Policies for Cars and Bikes that act as additional shields to your vehicle, such as:
4. Home Insurance
You build your home with your toil and hard earned money. Everything you buy is a priceless possession for you and hence it needs to be protected.
A Home Insurance Policy protects your valuable and other assets. It is a comprehensive package policy that covers all valuables.
Digit Insurance gives protection for Home against Burglary, Loss/Damage of Jewelry, Fire and Natural Disasters.
5. Commercial Lines
The lines of insurance that affects the business operations in the real terms are categorized under the Commercial Lines of Insurance. Type of the insurance covers that one can buy may include:
- Property Insurance
- Engineering Insurance
- Liability Insurance
- Marine Insurance
- Employees Benefit Insurance
- Business Interruption
Depending on the type of occupation, risk exposure, and the money involved, the insurance could be different for each industry or business.
For example; an insurance that is specific to a cement plant, versus one for an IT company will be different. The premium charged for a cement plant will be higher than a showroom of air conditioner.
Therefore, Insurance is completely based on the level of the risk exposure. A worker in the cement plant is more prone or susceptible to injury than to the one who is working in the showroom.
6. Mobile Insurance
Simple as it reads. A mobile insurance protects the phone from accidental damage. Under the mobile protection cover, Digit Insurance compensates for repair of accidental screen damage to your phone.
The buyers can have mobile insurance for both an old or new phone. Very affordable insurance protection for the most expensive phones you buy.
7. Bicycle Insurance
Not just the cars and two wheelers, people are now passionate for expensive bicycles also. Call it a fashion or change of lifestyle, Bicycle Insurance is another sought product these days. Digit Insurance offers cover against Personal Accident, Theft, Accidental Damage, and Hospital woes.
“Insurance is to manage Cash Flow after a loss occur”.
1800 103 4448
70260 61234
hello@godigit.com
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