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Cashless Bike Insurance in India with 9000+ Network Garages
Our country, India has a population of 133.92 crores. Huge will just be a word but this enormous number of people come from different backgrounds and sections of society.
And if you wonder about the mobility of people, you can see crawling traffic, roads flooded with endless headcounts and vehicles everywhere. The number of two-wheelers especially bikes is higher because it is convenient to drive, easy to maintain, and available at a reasonable price.
Following the Motor Vehicle Act, 1988, it is mandatory to buy a third-party insurance cover for your vehicle. In general, the insurance companies in the market offer two types of motor policies, a Comprehensive Insurance and a Third-Party Liability Insurance.
If you own a vehicle and use it on the roads for your mobility, it is your moral responsibility to buy an insurance policy.
What is Cashless Bike Insurance?
- After an accident, the individuals seek facility and insurance assistance which will enable them to get the bike repaired at any of the two-wheeler garage as enlisted by the insurance provider.
- It becomes a Cashless Bike Insurance when the policyholder does not have to spend a penny from their pocket instead the insurance company will pay for all the repair bills. You can take benefit under the cover at the time of claim.
- Before we get into the details on how useful is Cashless Bike Insurance, let us look at each type of cover under Motor Insurance Policy in detail.
- Comprehensive Insurance Policy: A motor policy in which you choose to buy cover for yourself, your bike, and the third party is called the Comprehensive Bike Insurance Policy. It will protect you at the time of accident, fire, theft, natural calamities, and other similar events which are not under your control.
- Third-Party Liability Policy: A Third-party Bike Insurance protects the third party which are involved in the accident. They may sustain bodily injury and property damage. If the insured or the vehicle owner is at fault, then she/he is held liable to pay for the cost of legal and medical aid.
- Check: Use the Bike Insurance Calculator to calculate the third-party or comprehensive policy premium.
How Does a Bike Insurance Work?
Bike insurance is a contract between you and the insurer, offering financial protection for your bike against accidents, natural disasters, theft, and other unforeseen events. Here’s how it works:
Choose a Policy
Select a bike insurance plan – third-party, comprehensive, or own damage – and add-ons that fit your needs and budget.
Buy or Renew Policy
Purchase or renew your bike insurance online instantly with Digit, with minimal paperwork.
Pay Premium
Make regular payments (annually or in installments) based on factors like bike’s age, model, IDV, NCB, and coverage type.
File a Claim
If your bike is stolen or damaged in an accident, you can file a claim with your insurer, who after damage assessment will settle the claim as per the policy terms.
Cashless Bike Insurance - A Clear Picture
- To make use of the cashless facility it will be wise to know a clear picture on Cashless Bike Insurance. The idea is to comprehend how does the cashless insurance facility operate. The insurer tie-up with the selected garages who provides excellent service and repair assistance.
- At the time of the claim, the insured is directed to visit a particular garage and get the repairs done. The garage representative will then send the bills of the repair to the insurance company.
- As an insured, your must intimate the insurance company in detail about the nature of damage/accident. After the verification of all the details, the insurer will clear the payment as per the limits mentioned in the policy.
What are the Documents Required for the Cashless Bike Insurance Claim?
- At Digit, you do not need any documents. All the claims are smartphone-enabled or can be requested online. The process is quick and absolutely paperless.
- A few things to know about Cashless Bike Insurance
- If you have opted for cashless bike insurance, you are assured that all the expenses incurred at the time of claim will be paid by the insurer. But here is what you should know more about bike insurance:
- There can be times when getting a cashless facility at one of the listed garages gets difficult. In such a case, you can get the bike repaired and pay for it. Later, collect all the bills from the garage and submit them to the insurer. They will reimburse you the amount as per the report of the surveyor.
- Not all the parts of the bike are covered under the insurance. You should be aware of these parts and should not wait for the repair process. The insured will have to pay for the expenses of such parts.
- Cashless Bike Insurance facility is made convenient and handy by many insurance companies. It will be sound if you compare the options well before making a decisive choice.
Why Choose Cashless Bike Insurance by Digit?
What’s Covered in Cashless Bike Insurance by Digit?
What’s Not Covered?
It is equally important to know what’s not covered in your cashless bike insurance policy, so that there are no surprises when you make a claim. Here are some such situations:
In the case of a Third-Party or Liability Only Bike Policy, damages to own vehicle won’t be covered.
Your bike insurance won’t cover for you in situations where you were riding drunk or without a valid two-wheeler licence.
Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.
Any contributory negligence(e.g. damage due to driving a two-wheeler in a flood, which is not recommended as per the manufacturer’s driving manual, will not be covered)
Any damage which is not a direct result of the accident (e.g. after an accident, if the damaged two-wheeler is being used incorrectly and the engine gets damaged, it is considered as consequential damage and it will not be covered)
If you hold a learner’s licence and were riding your two-wheeler without a valid licence-holder on the pillion seat- then your claim in those situations won’t be covered.
Add-On Covers with Digit Cashless Bike Insurance
Two-wheeler insurance add-ons that you can buy with your cashless bike insurance policy
The add-on cover of daily conveyance benefit will ensure that you are compensated for your transportation cost during the period when two-wheeler is under repair subject to applicable time excess. A policyholder can be compensated in the form of fixed allowance per day or coupons from taxi operators from an amount equal to per day fixed allowance.
Do you know that the cost of replacing your engine is approximately 40% of its cost? In a standard two-wheeler insurance policy, only damages caused during the accident are covered. However, with the engine and gear-box protection add-on cover, you can specifically cover the life of your vehicle for any consequential damages caused post the accident.
The tyre protect add-on cover is offered only to vehicles fitted with run flat technology. As part of it, the cost of replacing damaged tyres with equivalent or near equivalent to the one being used in the vehicle, labour and wheel balancing charges can be reimbursed. However, claims made under the add-on cover is subject to conditions set forth under the vehicle insurance policy.
The add-on of consumable cover adds an additional shield to your two-wheeler. Covers the cost for all your bike’s nitty-gritties such as the engine oils, screws, nuts and bolts, grease, etc. in the event of an accident.
If you fall into a situation where your bike is stolen or damages beyond repair, this add-on comes in handy. With return to invoice add-on, we will cover the costs of getting you the same, or similar bike- including the road tax and registration fees for the same
This EV Shield add-on cover for electric two wheeler in India will protect you and your vehicle against any loss or damage to the electrical panel for the vehicle charging point, vehicle charger including charging cable, and offer roadside assistance services specific to EVs.
Think of it like an effective anti-ageing cream for your bike and its parts. Usually, the required depreciation amount is always taken in account during claims. However, a zero-depreciation cover ensures no depreciation is taken into consideration, so you get the full value of the cost of repair/replacement during claims.
The roadside assistance add-on ensures we’ll always be there for you and your two-wheeler in case of any breakdowns. The best part? Asking for our help doesn’t even count as a claim.
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!
Key Features of Two-Wheeler Insurance by Digit