EV Shield Add-on Cover for Electric Two-Wheeler Insurance

Digit’s latest add-on cover for electric bike insurance in India, called the EV Shield, is specifically designed to meet the evolving needs of electric vehicle (EV) owners.

As EVs require specialized attention and involve the use of expensive components, you may need to deal with considerably higher repair or replacement costs for any loss or damage.

However, Digit’s EV Shield add-on cover has got your back! It offers you the necessary protection against potential financial losses by targeting the specific issues related to electric bikes and scooters, such as their battery.

By getting this EV Shield add-on cover for two wheelers, you will get triple protection:

• In case of any loss or damage to the electrical panel for the vehicle charging point,
• In case of any loss or damage to the vehicle charger including charging cable and
• Roadside assistance services specific to EVs.

With the EV Shield add-on cover for EV scooter insurance, you will get compensation for the amount you spend on repairing or replacement of electric bike parts due to consequential damage. The compensation will be enough to fix or replace any lost or damaged part of the Insured Vehicle to make it just like it was before the accident.

This consequential damage may occur due to water ingression or short circuit or accidental external means, leading to loss or damage to battery, drive motor/electric motor and Hybrid Electric Vehicle (HEV) system.

You can buy this add-on cover along with EV insurance Package Policy - Long Term, Bundled, or Stand-alone Own Damage Policy for two-wheelers.

Disclaimer: EV Shield add-on cover has been filed with Insurance Regulatory and Development Authority (IRDA) as:

• Digit Two- Wheeler Package Policy EV Shield – Bundled with UIN number IRDAN158RP0009V02201819/A0029V01202324
• Digit Two- Wheeler Package Policy- Long Term - EV Shield with UIN number IRDAN158RP0007V01201718/A0030V01202324
• Digit Two- Wheeler Package Policy EV Shield with UIN number IRDAN158RP0006V01201718/A0028V01202324
• Digit Two-Wheeler – EV Shield with Stand-alone Own Damage Policy with UIN number IRDAN158RP0003V01201920/A0031V01202324

You will get compensation with the EV Shield add-on cover for EV scooter insurance in India only under the following conditions:

• You will be compensated for any loss or damage due to water ingression only if there is sufficient evidence of water inundation that has caused damage to the covered parts.
• The amount will be compensated for loss or damage to your electric car due to short circuit, maybe due to mounting, dismounting or vehicle in charging port, only if it results in damage/failure to covered parts.
• Further, if any accidental external means lead to loss or damage, then no depreciation will be applicable on the vehicle battery.

With EV Shield add-on for electric bikes, you get overall coverage and lots of benefits. Buying the add-on in electric two-wheeler insurance policy, you will get the following additional coverage:

1. Loss or damage to electrical panel for vehicle charging point

Digit will cover the loss or damage to the electrical panel of your vehicle's charging point, caused by various risks included in Section I of the base policy such as animal attacks and scratches, if you choose to avail of this add-on.

However, it is important to note that the electrical panel should be installed specifically for your insured vehicle and not for any other vehicle.

2. Loss or damage to vehicle charger including charging cable

This electric two-wheeler insurance add-on cover will offer coverage for any loss or damage to your vehicle charger, including the charging cable. This damage may occur due to the risks listed in Section I of base policy including any loss or damage due to animal attack.

This cover provides protection for both wall-mounted and portable chargers.

3. Assistance Services Specific to EV

Since EVs are dependent majorly on their batteries, getting this cover is a good decision as it provides assistance if your insured electric two-wheeler has been immobilized within a limited area as per the base insurance policy.

The immobilisation may be due to malfunctioning of the vehicle’s battery or if the battery runs out of charge.

• Mobile Charging Station Service

If your insured electric vehicle's battery runs out of charge, Digit will arrange for a mobile generator van or portable generator at your location, to charge the battery. 

It's important to note that you can only charge your battery from the generator-driven van for 30 minutes or until the battery charge reaches 30%, whichever happens first.

If the charging process goes beyond 30 minutes or if you charge above 30% battery, the additional charging costs, if any, will be borne by you.

• Replacing Discharged Battery with Charged One (in case vehicle battery is swappable)

If your vehicle has a swappable battery and you find yourself in a situation where your battery is discharged, Digit’s Assistance Services under this add-on will arrange for a charged vehicle battery to be delivered to your immobilized vehicle’s location.

Digit will not be liable to pay any amount or claim under this add-on cover for EV bike insurance in India for the following general exclusions:

1. If your electric two-wheeler undergoes constructive total loss/total loss.
2. If the loss or damage to your vehicle is covered under any other type of insurance policy or manufacturer’s warranty or recall campaign or any other packages.
3. If the loss or damage is reported to the insurance company after 3 days of happening. However, depending on Digit’s sole discretion and valid reason for delay furnished by you in writing, you may be approved for a claim.
4. No claim will be provided if you carry out any repair without prior approval from the insurance company.
5. If you don’t charge the vehicle as per the OEM (Original Equipment Manufacturer) guidelines.
6. If the loss or damage to your electric vehicle has happened due to wear and tear.
7. If the insured vehicle’s battery health is below the threshold as per OEM guidelines.
8. If the insured vehicle’s battery is already dead due to untimely charging or any other reason.
9. If the bike has stopped due to battery over discharge and you do not plug it in for charging within 24 hours from the time of stoppage.
10. If you haven’t taken the minimum required care of the electric bike to protect it from further loss or damage.

Digit’s EV Shield add-on is perfect for two-wheeler owners who find themselves under any of the following categories:

1. Bike Riders Gang

If you are an avid bike rider and love going for random night rides or long rides on your electric bike, then this cover will safeguard you in situations of low vehicle battery or similar mishaps.

2. New Electric Bike Owner

Getting EV Shield add-on cover is the best choice if you’ve just bought a new electric two-wheeler, as it will provide added protection to your new vehicle and peace of mind to you.

3. Daily Office Commuters

Since electric two-wheelers are becoming the go-to choices for daily office commute as they are the most affordable and time saving option, it's best to secure your vehicle with added protection by buying EV Shield add-on.

4. The Clumsy Bike Rider

The EV Shield add-on cover for electric two-wheelers takes care of those clumsy drivers too who are more prone to getting their vehicle damaged, or who more often find themselves stuck in some vehicle battery issue!

EV Shield is the best add-on cover for electric two-wheelers as it shields you from financial losses occurring due to loss or damage to your electric bike. Digit’s EV Shield is the best add-on cover you can have for EV two-wheelers because:

1. You get complete protection under this add-on cover for electric two wheelers in India.
2. You get compensation for loss or consequential damage to the electrical panel of the vehicle charging point and vehicle charger including charging cable.
3. You get quick and hassle-free roadside assistance services by Digit for battery issues in your bike, if it shuts down in the middle of the road.
4. It is like a best friend to your electric bike, especially if you have bought a new one, love long bike rides, use your electric bike for daily work or college commute, or often get into clumsy situations!

Disclaimer: This information is added for informative/educational purposes only. This is only a summary of the add-on product’s features and is for reference purposes only. The details of coverages available shall be as described in the policy schedule and will be subject to the policy terms, conditions, and exclusions. Terms under policy wordings shall prevail in case of conflict.