Old Bike Insurance

• Let us be real and know that an old two-wheeler cannot be safe to ride unless it is taken for due services. When your bike is more than 10 years old, you can consider it really old. 
• So, old bike insurance means the insurance plan you buy to insure your old two-wheeler, whose value has depreciated over the years. For example, buying two-wheeler insurance which you own for more than 10 years would be considered old two-wheeler insurance. You may choose between different insurance plans such as Comprehensive bike insurance or Third-Party bike insurance.

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!

Consider you bought Royal Enfield bullet, more than 10 years old, from your close friend. You have a passion for bike rides but before you start to use it, you want insurance cover for the same.

It is good that you are being wise and choose safety over challenges. But the procedure to procure the insurance policy when you are buying an old bike is completely different. For that you can choose either of the two:

• You can continue with the existing insurance but the request for the change of name in the policy. The insurance company will issue an endorsement to you. You will have to produce the proof of transfer of ownership.
• And the second option can be when you can ask for the new policy from the insurer of your own choice. In this case, a survey will be arranged for the bike post which the policy will be issued.

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.

You need to take care of a few things before buying insurance for old bike. Here’s your checklist:

• Utility of the Bike: You may own an old bike but only you can best know how much the usage is and what is the utility of it. With every year passing, the value of the bike is depreciated. Think about the IDV and match it with the utility so that you can decide on the type of cover to buy. You should know the benefits of buying Comprehensive Insurance because in any case, Third-Party Liability insurance is a must.
• Know about the Insurance Policies: There are more than 25 general insurance companies in India. All of them offer motor policies with different coverage limits and conditions. You should carefully visualize what your need is and know who can best offer you the solution.