Commercial Vehicle Insurance

Common types of commercial vehicle insurance in India include commercial car insurance, commercial bike insurance, commercial bus insurance, commercial truck insurance, and commercial auto insurance.  

Common types of commercial vehicle insurance in India include commercial car insurance, commercial bike insurance, commercial bus insurance, commercial truck insurance, and commercial auto insurance.  

A third-party policy in commercial vehicle insurance only covers damages and losses caused to a third-party property, person or vehicle, whereas a comprehensive policy will cover both third-party related and own damages and losses as well.

A third-party policy in commercial vehicle insurance only covers damages and losses caused to a third-party property, person or vehicle, whereas a comprehensive policy will cover both third-party related and own damages and losses as well.

Third-party liability policy covers only the damage to a third-party's vehicle or property and injury to another person in an accident with your vehicle.  

Third-party liability policy covers only the damage to a third-party's vehicle or property and injury to another person in an accident with your vehicle.  

Commercial vehicle insurance provides insurance coverage to commercial vehicles used for commercial transportation of goods or passengers. Whereas personal insurance policy covers private vehicles used for only personal travel. 

Commercial vehicle insurance provides insurance coverage to commercial vehicles used for commercial transportation of goods or passengers. Whereas personal insurance policy covers private vehicles used for only personal travel. 

The premium cost of commercial vehicle insurance varies depending on various factors including the type of insurance policy, vehicle’s age, IDV of the vehicle, make and model of the vehicle, vehicle’s location, its uses, add-ons, claim history, etc.

The premium cost of commercial vehicle insurance varies depending on various factors including the type of insurance policy, vehicle’s age, IDV of the vehicle, make and model of the vehicle, vehicle’s location, its uses, add-ons, claim history, etc.

Commercial vehicle insurance is important as it financially covers the vehicle in various situations like damage to insured vehicle or third-party, etc. Also, it is mandatory by law to have at least a third-party liability policy while driving your CV on Indian roads. 

Commercial vehicle insurance is important as it financially covers the vehicle in various situations like damage to insured vehicle or third-party, etc. Also, it is mandatory by law to have at least a third-party liability policy while driving your CV on Indian roads. 

IDV refers to the Insured Declared Value, which is the current market value of the insured vehicle, and thus plays an important role in determining the cost of commercial vehicle insurance. So, your insurer will adjust this IDV with the depreciation value of your vehicle at the time of claim.

IDV refers to the Insured Declared Value, which is the current market value of the insured vehicle, and thus plays an important role in determining the cost of commercial vehicle insurance. So, your insurer will adjust this IDV with the depreciation value of your vehicle at the time of claim.

You can choose from a list of 9 add-ons available at Digit, as per your needs.

You can choose from a list of 9 add-ons available at Digit, as per your needs.

No, you cannot transfer NCB to the new owner of your vehicle as it is associated with the vehicle and not the person. However, you can transfer the NCB to a new CV policy.

No, you cannot transfer NCB to the new owner of your vehicle as it is associated with the vehicle and not the person. However, you can transfer the NCB to a new CV policy.

No, EMI option is not available for paying commercial insurance premium. As per Section 63VB of The Insurance Act, 1938, insurance companies expect you to pay the premium in advance as they don’t want to assume any risk.

No, EMI option is not available for paying commercial insurance premium. As per Section 63VB of The Insurance Act, 1938, insurance companies expect you to pay the premium in advance as they don’t want to assume any risk.

You can get your commercial vehicle insured either by visiting Digit or through the Digit app. 

You can get your commercial vehicle insured either by visiting Digit or through the Digit app. 

Generally, a commercial vehicle insurance policy remains active for 1 year; however, some insurance companies also offer coverage for up to 2 or 3 years. So, it is important that you check the same with your insurance provider.

Generally, a commercial vehicle insurance policy remains active for 1 year; however, some insurance companies also offer coverage for up to 2 or 3 years. So, it is important that you check the same with your insurance provider.

Taxi insurance, which is a part of commercial vehicle insurance is the best to secure taxis in India. You can get a third-party liability policy, which is mandatory by law, or get a comprehensive policy for overall protection.

Taxi insurance, which is a part of commercial vehicle insurance is the best to secure taxis in India. You can get a third-party liability policy, which is mandatory by law, or get a comprehensive policy for overall protection.

Yes, taxis and light motor vehicles can be used for commercial purposes, on a private licence. However, trucks, buses and other medium to heavy commercial vehicles cannot be used for private purposes.

Yes, taxis and light motor vehicles can be used for commercial purposes, on a private licence. However, trucks, buses and other medium to heavy commercial vehicles cannot be used for private purposes.

The commercial vehicle insurance price varies depending on the type of policy you buy, add-ons, IDV of the vehicle, vehicle’s age, make and model, location, usage, etc.

The commercial vehicle insurance price varies depending on the type of policy you buy, add-ons, IDV of the vehicle, vehicle’s age, make and model, location, usage, etc.

Loading is the additional premium amount that you pay to the insurance company when renewing your commercial vehicle insurance policy if the risk to cover the vehicle has increased.

Loading is the additional premium amount that you pay to the insurance company when renewing your commercial vehicle insurance policy if the risk to cover the vehicle has increased.

No, this is not possible because your information has already been updated in the RTO records. So, the policyholder and the current vehicle owner should be the same person with the same address. Also, for such a policy all your insurance claims will be denied by the insurer.

No, this is not possible because your information has already been updated in the RTO records. So, the policyholder and the current vehicle owner should be the same person with the same address. Also, for such a policy all your insurance claims will be denied by the insurer.

To find the best commercial auto insurance for your business, first compare different plans offered by insurance companies, check their premiums and coverage offered, shortlist the policies as per your business’ needs, and then buy the most suitable one. You can also check out commercial vehicle insurance policy offered by Digit.

To find the best commercial auto insurance for your business, first compare different plans offered by insurance companies, check their premiums and coverage offered, shortlist the policies as per your business’ needs, and then buy the most suitable one. You can also check out commercial vehicle insurance policy offered by Digit.

When you sell your truck, the first thing to do is transfer the policy to the new owner’s name within 14 days. Then you should inform your insurance company about the same.

When you sell your truck, the first thing to do is transfer the policy to the new owner’s name within 14 days. Then you should inform your insurance company about the same.

Yes, you can get a duplicate car insurance policy if you lose your original copy by downloading it from Digit app or website, emailing or calling us, or applying for the same. 

Yes, you can get a duplicate car insurance policy if you lose your original copy by downloading it from Digit app or website, emailing or calling us, or applying for the same. 

A commercial vehicle insurance policy online covers commercial vehicles such as for auto-rickshaws, taxis, school buses, tractors, commercial vans and trucks, amongst others against damage or losses due to accidents, collisions, natural calamities, fires, etc.  

A commercial vehicle insurance policy online covers commercial vehicles such as for auto-rickshaws, taxis, school buses, tractors, commercial vans and trucks, amongst others against damage or losses due to accidents, collisions, natural calamities, fires, etc.  

A passenger carrying vehicle is any commercial vehicle that helps people transport from one place to another. Examples of this include public and school buses, cabs and taxis.  

A passenger carrying vehicle is any commercial vehicle that helps people transport from one place to another. Examples of this include public and school buses, cabs and taxis.  

As the name suggests, a goods carrying vehicle is a type of commercial vehicle primarily used to transport goods from one place to another, such as trucks and lorries. 

As the name suggests, a goods carrying vehicle is a type of commercial vehicle primarily used to transport goods from one place to another, such as trucks and lorries. 

Any special vehicle that doesn’t fall into the category of either passenger carrying vehicles or goods carrying vehicles is considered as a special or miscellaneous vehicle. This could include pick-up trucks, vehicles used during construction, etc.

Any special vehicle that doesn’t fall into the category of either passenger carrying vehicles or goods carrying vehicles is considered as a special or miscellaneous vehicle. This could include pick-up trucks, vehicles used during construction, etc.

No, passengers are not covered under commercial vehicle insurance coverage. However, you need to buy a Personal Accident cover along with the policy as it is mandatory by law. This cover when extended to passengers will cover them in any situation.

No, passengers are not covered under commercial vehicle insurance coverage. However, you need to buy a Personal Accident cover along with the policy as it is mandatory by law. This cover when extended to passengers will cover them in any situation.

No, you will not be covered under the commercial vehicle insurance policy in this case. However, if you have regular car/bike insurance for your vehicle, then you will be covered under that.

No, you will not be covered under the commercial vehicle insurance policy in this case. However, if you have regular car/bike insurance for your vehicle, then you will be covered under that.

You should insure your commercial vehicle equal to the full IDV amount of the vehicle as it ensures you receive the maximum payout if your vehicle is stolen or damaged.   Under commercial vehicle insurance, IDV is the is the maximum sum an insurance company will pay you in case of theft or total loss of your vehicle. Therefore, a higher IDV means a higher premium due to increased risk for the insurer.

You should insure your commercial vehicle equal to the full IDV amount of the vehicle as it ensures you receive the maximum payout if your vehicle is stolen or damaged.  

Under commercial vehicle insurance, IDV is the is the maximum sum an insurance company will pay you in case of theft or total loss of your vehicle. Therefore, a higher IDV means a higher premium due to increased risk for the insurer.

Online Claim period depends upon different insurance companies, typically ranging between 5-30 days. However, Digit offers superfast claims.  

Online Claim period depends upon different insurance companies, typically ranging between 5-30 days. However, Digit offers superfast claims.  

In case your commercial vehicle gets into an accident, immediately call us on 1800-103-4448 and we’ll help you out of trouble!

In case your commercial vehicle gets into an accident, immediately call us on 1800-103-4448 and we’ll help you out of trouble!

At Digit, we have our partner garages across India. You can either get your commercial vehicle at any one of them or get it repaired at another garage of your choice and get the repair expenses reimbursed through a claim.

At Digit, we have our partner garages across India. You can either get your commercial vehicle at any one of them or get it repaired at another garage of your choice and get the repair expenses reimbursed through a claim.

Cashless Claim means that there is no physical cash involved in the claim process. The insurance company will send the vehicle to repair at one of their garages from their garage network and will pay the repair amount to the garage. 

Cashless Claim means that there is no physical cash involved in the claim process. The insurance company will send the vehicle to repair at one of their garages from their garage network and will pay the repair amount to the garage. 

Common documents required include: Registration Certificate (RC) of the vehicle Driving license of driver Aadhaar card Fitness certificate of the vehicle Copy of FIR, if applicable  Load challan of your commercial vehicle  Duly filled claim form  Tax paid receipt Commercial Vehicle Insurance Policy Certificate

Common documents required include:

• Registration Certificate (RC) of the vehicle
• Driving license of driver
• Aadhaar card
• Fitness certificate of the vehicle
• Copy of FIR, if applicable 
• Load challan of your commercial vehicle 
• Duly filled claim form 
• Tax paid receipt
• Commercial Vehicle Insurance Policy Certificate

To make an accidental claim, firstly report it to your insurer within 7 days of the incident. Then provide all the relevant information and documents, if any. The insurer will assess it and accordingly process your claim.

To make an accidental claim, firstly report it to your insurer within 7 days of the incident. Then provide all the relevant information and documents, if any. The insurer will assess it and accordingly process your claim.

Yes. Personal accident cover in vehicle insurance is limited and may not be enough for your family’s long-term needs. Life insurance provides a larger payout and enhanced financial security in the event of death.

Yes. Personal accident cover in vehicle insurance is limited and may not be enough for your family’s long-term needs. Life insurance provides a larger payout and enhanced financial security in the event of death.

To modify your details, send an email with your policy details to Digit, along with the changes you need to make. customer support mail ID of your insurer. The insurer will then make the changes, and you may have to pay an additional premium, if applicable.

To modify your details, send an email with your policy details to Digit, along with the changes you need to make. customer support mail ID of your insurer. The insurer will then make the changes, and you may have to pay an additional premium, if applicable.

You can easily cancel your commercial insurance policy within 15 days from the date of receipt of policy document if you have not filed for any claim during that period.

You can easily cancel your commercial insurance policy within 15 days from the date of receipt of policy document if you have not filed for any claim during that period.

Yes. Long hours on the road can lead to stress, fatigue, and health issues. Health insurance helps cover hospital bills, check-ups, and treatments. It’s especially important for drivers who don’t get employer-provided medical benefits.

Yes. Long hours on the road can lead to stress, fatigue, and health issues. Health insurance helps cover hospital bills, check-ups, and treatments. It’s especially important for drivers who don’t get employer-provided medical benefits.

Yes, to cancel an insurance policy the policyholder must change insurance companies or sell their vehicle.

Yes, to cancel an insurance policy the policyholder must change insurance companies or sell their vehicle.

Yes, you can get a refund only if you cancel your commercial vehicle insurance policy. However, the refund amount will depend upon the remaining coverage period of the policy. Also, a refund is only possible if you have not made any claim during the policy period. 

Yes, you can get a refund only if you cancel your commercial vehicle insurance policy. However, the refund amount will depend upon the remaining coverage period of the policy. Also, a refund is only possible if you have not made any claim during the policy period. 

Yes, if your term insurance includes accidental death coverage. It pays a lump sum to your nominee regardless of the vehicle type. Make sure your policy doesn’t exclude commercial driving, especially if it’s your profession.

Yes, if your term insurance includes accidental death coverage. It pays a lump sum to your nominee regardless of the vehicle type. Make sure your policy doesn’t exclude commercial driving, especially if it’s your profession.