

Commercial Bus/School Bus Insurance Price & Policy Renewal Online in India
Bus and school bus insurance in India is a must have to protect the passengers travelling in it, school children and bus operators. Bus insurance policy provides coverage against a range of risks, including accidents, theft, and natural disasters.
It also allows bus owners and operators to avoid significant financial losses and ensures they comply with legal requirements. Therefore, it is important to have a bus insurance policy in place. Know more about it here.
Table of Contents
What is Bus Insurance?
Bus insurance is a type of commercial vehicle insurance policy designed to protect commercial buses from potential damage and losses, such as in the case of an accident, natural calamity or fire. While the most basic plan covers third party liabilities (as required by law), a comprehensive policy also covers one’s own damages and losses, both under one combined policy.
Types of Buses Covered
Here are the types of buses covered under commercial bus insurance policy:
- School Buses: Buses that are part of an educational institution such as a school or a college and are used primarily for student transportation can be covered under this policy.
- Public Buses: Buses owned and run by the government, used to transport passengers within the city or from one city to another too, can be covered under this policy.
- Private Buses: Buses owned by private organizations such as tour buses or buses used by offices for their employees too can be covered under this policy.
- Other Passenger Carrying Buses: All other types of commercial buses and vans used for the purpose of transporting passengers from one place to another are covered under this policy.
Why Should I Buy Bus Insurance Policy?
Having a commercial bus insurance policy is important for financial safety and is also mandatory by law in India. Here are other reasons why you should buy a bus insurance policy:
1. Protection from Unforeseen Losses
Whether it’s due to damages to a third-party or your own bus, a bus insurance ensures you’re covered for it all, thus preventing business losses and avoiding any troubles that may come in the way of your daily logistical operations.
2. Comply with the Law
As per the Motor Vehicle Act, it is mandatory for all vehicles, especially those used for commercial purposes, to at least have a third-party commercial bus insurance policy to protect against any potential third-party damages and losses. Without one, you will be liable to pay a fine, if caught.
3. Covers for Owner-Driver
A bus insurance not only covers losses and damages to your vehicle or third-party vehicle, but also covers any bodily injuries or the like for its owner-driver.
4. Passenger Protection
As part of every commercial vehicle insurance, you can opt for an additional endorsement to cover for your passengers too, in case of any unfortunate situation such as an accident, fire or natural calamity.
Is it Important to Get School Bus Insurance?
Yes, of course! School buses are primarily used by schools or third-party organizations to transport kids from home to school and back. Therefore, it’s important that you at least get bus insurance that won’t only protect your organization against unforeseen losses but also covers the children and teachers traveling on these buses on a daily basis.
Is it Important to Get Commercial Bus Insurance?
Yes, obtaining commercial bus insurance is crucial as it provides essential coverage for accidents, including medical expenses and damage repairs. Additionally, an insurance policy also safeguards against legal claims and financial losses. Commercial bus insurance also ensures the safety of passengers, drivers, and business.
Why Choose Bus Insurance by Digit?
We treat our customers like VIPs, know how…
Digit’s Motor Insurance Claim Settlement Ratio is 96% for FY’25

Digit’s Motor Insurance Claim Settlement Ratio is 96% for FY’25
When it came to motor insurance specifically, Digit showcased a high-efficiency Claims Settlement Ratio (CSR), with 96% of motor claims settled seamlessly and we make this simple with:
Smartphone-enabled self-inspection process, with which you can file your claim in minutes!
Cashless Claims at over 9000 garages in India, so you can get your two-wheeler fixed without stress.
Everything digital and paperless. No need for hard copies—just upload everything on our app, and you're all set!
What Our Customers Have to Say about Us
4.7/5
(250K + Customer Ratings)


Digit Motor Insurance in News!
Key Features of Bus Insurance by Digit
What's Covered in Bus Insurance?
What’s Not Covered?
It is equally important to know what’s not covered in your commercial bus insurance policy so that there are no surprises when you make a claim. Here are some such situations:
Types of Bus Insurance Plans and Coverages
Based on the type of bus you own or fleet of buses to be insured, we have primarily two plans to choose from:
1. Comprehensive Plan
Securing your commercial or school bus with a comprehensive commercial vehicle insurance gives you peace of mind as this plan covers your own vehicle as well as third-party liabilities against damage or loss in an unfortunate accident. Therefore, with a comprehensive bus insurance plan you are financially protected against injuries, damage, natural disasters, and theft.
The plan also allows you to further enhance your insurance coverage by offering an option to choose from suitable add-ons available.
2. Third-party Liability Only Plan
With a third-party liability only commercial vehicle insurance plan, you secure your commercial or school bus against damage, loss or injury to third-party property or person due to your vehicle. Also, it is mandatory to have at least a third-party insurance policy in India.
The Liability Only Plan doesn’t offer the option to opt for add-ons and the bus insurance price for this plan is fixed by IRDAI.
Compare Coverage of Third Party vs Comprehensive Bus Insurance
Liability Only
Standard Package
Damages caused by your bus to any third-party person or property. |
✔
|
✔
|
Damages caused by your bus to a third-party vehicle. |
✔
|
✔
|
Loss or damage to own bus due to natural calamities, fire, theft or accidents. |
×
|
✔
|
Injury/death of bus owner-driver If the owner-driver doesn’t already have a Personal Accident Cover from before. |
✔
|
✔
|
How to Buy/Renew Bus Insurance Online?
Step 1
On the Digit app or website, enter the commercial vehicle’s registration number, mobile number, and click on ‘View Prices.’
Step 2
Select the plan, add-ons and IDV, and click on ‘Continue.’
Step 3
Enter your personal, nominee and vehicle details and click on ‘Pay Now.’
Step 4
Complete the payment and mandatory KYC verification process.
Step 5
You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.
Documents Required to Buy/Renew Bus Insurance Online
To buy bus insurance online from Digit, furnish the following documents:
- Vehicle Registration Certificate (RC)
- Previous year commercial vehicle insurance policy, if applicable
- Any document among these for KYC verification - PAN/Aadhar/DL/Voter id/Form 16/Passport
How is AI making Digit’s Motor Insurance Claim Process Faster & Smarter

How is AI making Digit’s Motor Insurance Claim Process Faster & Smarter
At Digit, we believe filing a motor insurance claim should be simple, not stressful. That’s why we’ve built intelligent automation into every step of the process—so you can get back on the road, faster.
- AI That Sees What You See: When you upload a video of the damage through our app, our AI doesn’t just watch—it analyses. Using advanced image recognition, it assesses the extent of the damage, classifies it, and helps determine the next steps. This means quicker evaluations, fewer delays, and a smoother experience for you.
- Automated Document Processing: From inspection reports to claim forms, our AI systems automatically sort and process your documents. This reduces manual effort, minimises errors, and speeds up approvals. And with a human-in-the-loop approach, we ensure every claim is handled with both precision and empathy.
- Automation That Works Behind the Scenes: Our systems also fetch claim details directly from partner platforms, eliminating the need for repetitive data entry. Whether it’s Bulk Policy Issuance or real-time claim registration, automation helps us move faster—so you don’t have to wait.
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69% Motor Repair Work Approvals Done within 12 Hours

69% Motor Repair Work Approvals Done within 12 Hours
In H2 FY25, our average vehicle repair approval time was 15 hours and 36 minutes, with 69% of approvals completed within 12 hours. Only 7.47% of cases experienced longer wait times, typically due to complex assessments or the need for additional documentation, highlighting our commitment to minimising delays and maximising efficiency.
Rest assured, we carefully monitor every step to ensure your vehicle is back on the road as swiftly as possible!
Digit Settled 9.16 Lakh Claims with 99.9950% Accuracy in FY'25
The below data is for all the products as given in the table below.
Ombudsman Complaints for FY 2024-25
The below information is a summary of escalated claim cases reviewed by the Hon’ble Ombudsman in FY 2024–25.
Disclaimer: ^This data pertains to cases reported to various offices of the Hon’ble Insurance Ombudsman. Customers have the option to approach the Consumer forum as well; #Only includes complaints arising from claims. The company had a total of 11 complaints arising from non-claims, i.e., policy-related grievances (5 won, 2 settled, 1 lost, and 3 outstanding). One non-claim complaint where the decision went in favour of the complainant is not included in the numerator while calculating claims accuracy.
Interesting Claim Stories & Insights from Digit Customers
How to File a Claim on Digit App?
To know how to file for Standalone Own Damage insurance, follow these steps:
Step 1
Download the Digit app and go to ‘File Motor Claim’ option.
Step 2
Provide all the required details related to accident and damage.
Step 3
Enter your personal details and click on ‘Register Claim’ button.
Step 4
That's it! Your claim has been registered successfully, and you will receive the next steps on your email and WhatsApp.
How to Renew Bus Insurance Policy with Digit?
To do bus insurance renewal online with Digit, follow the given steps:
Step 1
Go to Digit App or website and click on the ‘My Policy’ tab.
Step 2
Select the policy pending for renewal and click on ‘Renew Policy.’
Step 3
Now select the plan, IDV, add-ons and confirm the details, then click on ‘Pay Now.’
Step 4
You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.
How to Download Your Bus Insurance Policy on Digit App?
If you already have an active bus insurance policy, you can easily download the policy document by following the given steps:
- Step 1: On the Digit app, go to the ‘My Policies’ tab at the bottom. All your current active policies will be displayed.
- Step 2: Choose the policy for which you want to download the document. Check the details and then click on ‘Download Policy’.
Your bus insurance policy document will be downloaded.
Tips to Choose the Right Bus Insurance Policy
To choose the right bus insurance online for your bus, it’s important to compare and evaluate the following factors:
1. Right Insured Declared Value (IDV)
IDV is nothing but the market value of your bus. Everything from your bus insurance premium to your claim payouts is dependent on the vehicle’s IDV. So, ensure that you pick an insurer that gives you the right and true IDV for your bus.
2. Service Benefits
Consider services such as 24x7 Customer Support and a wide network of cashless garages, among others. In times of need, these services really matter.
3. Review Add-Ons
Add-ons help extend the kind of coverage your bus will receive. For example, our additional endorsements include covers like Personal Accident Cover, passenger cover, compulsory deductibles, electric accessories cover, etc.
4. Claim Speed
It’s the most important aspect of any insurance. Pick an insurance company you know will settle claims quickly.
5. Best Value
After you’re done comparing all the above factors, compare bus insurance premiums and see which one gives you the best possible benefits at a good price.
Factors Affecting Bus Insurance Premium
There are various factors that will ultimately affect your bus insurance rates, such as:
1. Model, Engine & Make of the Vehicle
There are different types of buses in the market. Each one of them comes with its own set of features and level of risks. Therefore, your bus insurance rates will largely be affected by the make and model of your bus.
2. Location
Every city and town come with its own level of risks. Some are safer than others, while some are more expensive than others. Therefore, depending on the city you operate your bus in, your bus insurance rates will differ accordingly.
3. No-Claim Bonus
If you’ve already had a bus insurance for your bus before and are currently looking to renew your policy or get a new insurer- then, in this case, your no claim bonus will also be considered, and your bus insurance premium will come at a discounted rate! A No-Claim Bonus refers to the fact that the respective bus hasn’t had a single claim in the previous policy term.
4. Type of Insurance Plan
Whether you want to go for a third-party liability insurance plan for your bus or comprehensive bus insurance; the bus insurance premium for the two will differ since the coverage benefits offered in each of these plans would be different.
How fast are Digit Insurance Claims Settled?
This is the first question that should come to your mind when switching your insurance company. Good you’re doing that!
Read Digit’s Claims Report Card