General
General Products
Simple & Transparent! Policies that match all your insurance needs.
Car Insurance
Two Wheeler Insurance
Commercial Vehicle Insurance
Health Insurance
Property Insurance
Travel Insurance
Business Insurance
Car Insurance
Two Wheeler Insurance
Commercial Vehicle Insurance
Health Insurance
Property Insurance
Travel Insurance
Scan to download
Life
Life Products
Digit Life is here! To help you save & secure your loved ones' future in the most simplified way.
Term Life
Savings Plan
Retirement and Pension Plans
Group Life
Others Products
Term Life
Savings Plan
Retirement and Pension Plans
Group Life
Scan to download
Claims
Claims
We'll be there! Whenever and however you'll need us.
Customer Support
Motor Claims
Health Claims
Customer Support
Scan to download
General
Life
General
Renewals
General
Life
Become an Agent
Resources
Resources
All the more reasons to feel the Digit simplicity in your life!
Exclusive Features
Tools & Calculators
Travel Guides
Transparency Report
Others
Exclusive Features
Tools & Calculators
Travel Guides
Transparency Report
Scan to download
Our WhatsApp number cannot be used for calls. This is a chat only number.
Pay as you Drive
9000+ Hospitals
Covering Seniors
Motor insurance is essential for all vehicle owners in India, as it provides financial protection against accidents, theft, and other unforeseen events. Knowing about the different types of motor insurance policies in India can help you make an informed decision and ensure proper coverage for your vehicle.
Third-party insurance is one of the most common types of vehicle insurance; in which only damages & losses caused to a third-party person, vehicle or property are covered.
Comprehensive insurance is one of the most valuable types of vehicle insurance that covers both third-party liabilities and damages to your own vehicle as well.
|
Damages/Losses to own vehicle due to an accident |
×
|
✔
|
|
Damages/Losses to own vehicle in case of fire |
×
|
✔
|
|
Damages/Losses to own vehicle in case of a natural calamity |
×
|
✔
|
|
Damages to Third-Party Vehicle |
✔
|
✔
|
|
Damages to Third-Party Property |
✔
|
✔
|
|
Personal Accident Cover |
✔
|
✔
|
|
Injuries/Death of a Third-Party Person |
✔
|
✔
|
|
Theft of your vehicle |
×
|
✔
|
|
Doorstep Pick-Up & Drop |
×
|
✔
|
|
Customize your IDV |
×
|
✔
|
|
Extra protection with customized add-ons |
×
|
✔
|
Listed below are few of the ‘Add on’ covers that can be availed at a slight premium over the basic motor insurance policy cost.
Motor insurance is just like any other insurance policy, but unlike other insurances, it is ‘mandatory'! And, as the name suggests, motor insurance meaning is a type of insurance that covers all types of motor vehicles – two-wheelers, cars, jeeps, trucks, commercial vehicles, auto rickshaws, electric vehicles, etc.
Motor insurance is mandated by the government for your safety and the safety of others, and the yearly premium you pay is just a meagre sum when compared to the advantages it has to offer you in case of any mishap.
Here’s yet another misconception many people have, motor insurance covers only motor vehicles. Wrong again!
So, let's start with the types of motor insurance policies, and by and large what they cover! Motor insurance can be classified on 2 things:
The type of vehicle for which you are taking insurance.
The amount of coverage that you want to cover your vehicle for.
Here’ why you should get a motor insurance policy:
Having at least a third-party car or bike insurance is mandatory by law in India.
A motor insurance policy protects you financially by covering the cost of repairs, replacements, and medical bills in case of damage.
Having a motor insurance policy also backs you financially in case of damage to third parties caused by your vehicle.
With comprehensive motor vehicle insurance and own damage insurance plan, you can get enhanced protection by choosing various add-ons as per your needs.
You also get peace of mind as you are financially protected in case of unforeseen events.
In India, vehicle insurance is mandatory for all motor vehicles to protect them against damages and liabilities. So, here are different types of vehicle insurance available in India:
This type of motor insurance that needs to be taken for any private car owned by an individual and is mandated by the Government of India. It covers the vehicle for damages against accidents, fire, natural disasters, theft among others and also covers for any injury to the owner. It also covers any damages and injuries caused to the third party.
This insurance policy covers two-wheelers like a scooter or a bike and is mandated by the Government of India. The two-wheeler is covered against damage from accidents, disasters, fire, theft, etc. as well as any damage and injuries to the third party. It also offers a mandatory personal accident cover for the owner rider and can be taken for passengers too.
This insurance covers all vehicles that are used only for commercial purposes and not for personal use. Trucks, buses, heavy commercial vehicles, light commercial vehicles, multi-utility vehicles, agricultural vehicles, taxi/cab, auto-rickshaw, etc., are some vehicles that are covered under this insurance.
Comprehensive motor vehicle insurance is one of the most valuable types of vehicle insurance that covers both third-party liabilities and damage to your own vehicle as well.
As the name suggests, this policy offers extensive coverage, including both third-party liabilities and own damage. You can also purchase various add-ons with it to help enhance your car or bike insurance coverage.
What’s Covered?
What’s Not Covered?
This policy provides coverage for damage to one's own vehicle due to accidents, theft, fire, natural disasters, and other unforeseen events. It does not cover third-party liabilities; however, it works as an added protection with the third-party car insurance policy.
What’s Covered?
What’s Not Covered?
Here is the difference between the coverages offered by different motor insurance types to help you understand which type of motor insurance plan is the best for you.
|
Damages/Losses to own vehicle due to an accident |
×
|
✔
|
✔
|
|
Damages/Losses to own vehicle in case of fire |
×
|
✔
|
✔
|
|
Damages/Losses to own vehicle in case of a natural calamity |
×
|
✔
|
✔
|
|
Damages to Third-Party Vehicle |
✔
|
✔
|
×
|
|
Damages to Third-Party Property |
✔
|
✔
|
×
|
|
Personal Accident Cover |
✔
|
✔
|
×
|
|
Injuries/Death of a Third-Party Person |
✔
|
✔
|
×
|
|
Theft of your vehicle |
×
|
✔
|
✔
|
|
Doorstep Pick-Up & Drop |
×
|
✔
|
✔
|
|
Customize your IDV |
×
|
✔
|
✔
|
|
Extra protection with customized add-ons |
×
|
✔
|
✔
|
Know more about the difference between comprehensive and third party insurance
Listed below are a few of the ‘add on’ covers that can be availed with comprehensive motor vehicle insurance at a slightly higher premium.
Age comes with its drawbacks. The same applies to your vehicle. The older it gets, the more the value of your car or bike drops or ‘depreciates’. But, not to fret, zero depreciation add-on ensures that the value of your vehicle will remain as valuable as the day you bought it. After all, the insurer will not consider depreciation during final settlement!
You may also like: Zero Depreciation Car Insurance & Zero Depreciation Bike Insurance
Engine & Gearbox Protection Cover is an ‘add on’ that offers financial protection for damage caused to the engine of the vehicle. Any damage caused, from water entering the engine to leakage of the lubricating oil, is covered under this add-on.
How do you fancy your set of wheels breaking down on a lonely dacoit-infested road at the stroke of midnight? Fear not, roadside assistance is there to rescue. All you need to do is give them a call and they’ll come to the spot and repair your vehicle. If not possible, they will tow it to the nearest service station. At least you’ll be dacoit-free!
Nowadays, motor insurance companies provide a consumable cover add-on to cover the service costs of your vehicle, from the new engine oil put into your vehicle right to that missing nut on your engine cover.
You may also like: Consumable Cover in Car Insurance & Consumable Cover in Bike Insurance
Nowadays, motor insurance companies provide a consumable cover add-on to cover the service costs of your vehicle, from the new engine oil put into your vehicle right to that missing nut on your engine cover.
You may also like: Consumable Cover in Car Insurance & Consumable Cover in Bike Insurance
In case of theft or damage beyond repair, return to invoice add-on gives you the benefit of getting back the complete amount of your car/bike invoice value, including the cost of registering a new vehicle and its road tax respectively.
You may also like: RTI Cover in Car Insurance & RTI Cover in Bike Insurance
The Key and Lock Protect add-on cover helps you repair or replace your key and lock in case you have lost or damaged your vehicle’s keys or lock, and if they are stolen.
You may also like: Key & Lock Protect in Car Insurance & Key & Lock Protect in CV Insurance
The EV Shield add-on cover for electric vehicles in India specifically provides enhanced coverage and benefits for your electric and hybrid vehicle. The add-on protects them against any loss or damage to the electrical panel for the vehicle charging point, vehicle charger including charging cable, and to offer roadside assistance services specific to EVs.
You may also like: EV Shield Car Insurance & EV Shield Bike Insurance
By having a Daily Conveyance Benefit add-on, you get compensated for your travelling expenses in case your insured vehicle is being repaired in a garage. With this add-on you receive compensation in the form of a daily transport allowance or a standby vehicle.
You may also like: Daily Conveyance Benefit Car Insurance & Daily Conveyance Benefit Bike Insurance
Generally, damage to an insured vehicle’s tyres isn't covered under standard motor insurance policy unless the damage takes place during an accident. That's why this tyre protect add-on gives you the benefit of safeguarding and covering your car's tyre damage such as tyre bursts, bulges or cuts during all other situations possible.
You may also like: Tyre Protect Car Insurance & Tyre Protect Bike Insurance
This add-on helps you with compensation in case the insured or any immediate family member lost any personal belongings in the insured vehicle.
Pay as You Drive helps you reduce your premium by allowing you to pay as per your kilometers covered with the Own Damage cover of the base policy.
The Passenger cover, available only for car, protects the passengers riding along with the driver in the insured vehicle; however, you need to pay an additional premium for the add-on.
If you’re having trouble choosing the best motor insurance policy, we’ve got you covered. Check below the case which suits you the best and then make your choice!
Buying a luxury vehicle is a significant personal investment, making it essential to protect it with comprehensive motor vehicle insurance so that your brand-new vehicle is completely protected from its own damage as well third-party liabilities.
You can also further enhance your coverage by opting for add-ons tailored for luxury vehicles, such as zero depreciation, return to invoice, engine protection, consumables coverage, etc.
If you own an old vehicle, say more than 5 years but which you also drive daily, then you need to protect the vehicle with a third-party motor insurance policy. It will protect you legally as well as financially against repairs or replacements in unfortunate incidents.
If you think that you do not need a motor insurance policy for a vintage vehicle that you do not drive and own only because it is a family heir, then you are absolutely wrong. It still needs to be insured with at least third-party coverage, as required by law.
Alternatively, you can also consider getting a comprehensive motor insurance policy with only a Pay As You Drive add-on, as then you could save on the premium if the vehicle is driven less than 10,000 km a year.
On the Digit app or website, enter vehicle’s registration number and mobile number, and click on ‘View Prices’.
Select the plan, add-ons and IDV, and click on ‘Continue.’
Enter your personal, nominee and vehicle details and click on ‘Pay Now.’
Complete the payment and mandatory KYC verification process.
You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.
To buy motor insurance online, you need to furnish the following documents:
Car/Bike Registration Certificate
Previous year comprehensive insurance policy, if applicable
Any of these documents for KYC verification - PAN/Aadhar/DL/Voter id/Form 16/Passport
Thus, it makes sense to take third party insurance if you use your vehicle only occasionally and not as your daily commute, so there will be lesser chances of a mishap happening right.
Additionally, the hefty premium that comprehensive insurance demands eventually take its toll on the buyer with a limited budget! That said, it’s still better to go for Comprehensive Insurance over Third Party Insurance, as its benefits are well worth the slight premium you pay.
At the end of the day the good old holds true when it comes to choosing your motor insurance- “NEVER BE PENNY WISE AND POUND FOOLISH😊!”
Please try one more time!
Have queries related to Digit motor insurance policy? You can refer to our Policy Wordings for detailed information or reach out to our support team via WhatsApp self-support, email or phone using the information below:
Connect with our self-serve chat bot support - 7026061234
Write to us at hello@godigit.com
Contact
Call us on 1800-258-5956
Check Pending Challan only on Digit App
closeRead More
Rated App
Rated App
Scan to Download
