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- New Car
What is Cashless Car Insurance?
There was a time when cash was the sole means of exchange of capital. Now we live in an increasingly digital, and a 'cashless' world. E-commerce and internet banking have largely transformed the way we do day to day transactions. Starting from online shipping, to bill payments and salaries, all monetary activities in all sectors are today being transacted digitally. The insurance sector is not far from this.
The vehicle insurance sector is now moving towards 100 per cent cashless transactions, with the introduction of cashless car insurance. The shift towards cashless mode has brought about great benefits for the consumers as having made the whole process of the policy claim quick, easy and hassle-free. However, you may be wondering what is cashless insurance? In this post, we discuss, in detail, all about cashless car insurance policy, and how you can benefit from it.
What is Cashless Car Insurance Policy?
Cashless car insurance is one of the best features of any insurance policy that is an application of innovative digital technologies. Here, the insurance holder and insurance company both don’t need to manage cash. That's why most insurance providers today offer cashless car insurance policy, and even customers also have begun to ask for it.
The concept of cashless insurance was first introduced in the health insurance sector. Under cashless health insurance, the insurance company has tie-ups with select hospitals, where the insured person can get admitted in the case of a health emergency and get treated without paying a penny. The hospital treats the patient and sends the bill directly to the insurance company, which reimburses the amount as per the insurance terms and conditions.
The concept of cashless insurance proved to be a great success in the health sector, as it insured quick and efficient benefits for the insured person. As a result, the concept has been replicated in the car insurance sector as well. In the framework of a cashless car insurance policy, the insurance company has direct tie-ups with select certified car service and maintenance centres. In case of a mishap, accident or damage to the vehicle, the owner can simply walk in any of the listed service centres, and get the vehicle repaired without paying any money. Similar to health insurance, the service centre gets the billed amount reimbursed directly from the insurance company.
Why opting for a Cashless Car Insurance is better?
Having understood what is cashless insurance and what is cashless insurance for cars, now let us discuss why a cashless car insurance policy is better, and why you should opt for it. Here we give you 4 straight reasons, which will certainly make you ask your insurance provider for nothing but a cashless policy.
#1: Least formalities - A cashless policy involves the least amount of formalities and paperwork, as compared to the policies which are not cashless. The process to seek claim is simple, as no exchange of cash is involved.
#2: Fast claim - Having a policy that is cashless also means that your claim will be processed faster. All you need to provide is your policy details, and you can get your vehicle repaired straight away.
#3: No botheration - In case of a cashless insurance, the monetary transactions take place between the service provider and the insurance company. You are not even a party involved in it. Therefore, you do not have to bother about the transactions at all.
#4: Superior service - The insurance companies have certified and best in class service centres in their list of tie-ups. Therefore, when going to these listed centres for repairs of your vehicle, you get nothing but the best service.
#5: Complete transparency - Lastly, a cashless car insurance policy involves complete transparency in terms of the claims provided and claims sought, as everything is carried out digitally. There is least scope of discrepancies or cheating.
What is the Process to Claim for Cashless Car Insurance policy?
The process to seek the claim for a cashless car insurance policy is simple. One has to be aware of the list of service and repair centres associated with the insurance company beforehand.
Step 1 - Just call on 1800-258-5956. No forms to be filled.
Step 2 - Get a link for Self-Inspection on your registered mobile number. Shoot your vehicle’s damages from your smartphone through a guided step by step process.
Step 3 - Choose the mode of repair you wish to opt for i.e. Reimbursement or Cashless through our network of garages.
Just visit any of these listed centres and provide your cashless car insurance policy details. The service centre will take on from there, thoroughly survey your vehicle to calculate the extent of damage, repair it, and send the bill to the insurance company, of course as per the rules.
Why choose Digit’s Cashless Car Insurance?
Digit is the online insurance provider that has several years of experience in serving a large number of customers with the best and comprehensive vehicle insurance packages. At the same time, we as an insurance company believes in adapting to the latest advancements in the car insurance industry.
At digit, we are committed to the best interests and benefit of our customers. Moreover, we recognise that cashless car insurance is truly the best car insurance for you. Therefore, we offer different kinds of cashless policies for you to choose from. Further, we, as an insurance company have a pan India presence in terms of our ties with garages, with number now 1400+ garages across the country. We have also put in place a comprehensive framework for policy claims and reimbursements, where you can easily track your policy. In fact, at Digit, we offer the best that you can get. Feel free to visit Digit website and choose a cashless car insurance policy that suits you the best. We assure you the best of support and services for your car insurance with us.