Pay As You Drive Insurance

What is Pay as You Drive Insurance?

• Complete Protection

  Pay as You Drive is a type of car insurance that offers comprehensive protection and is also easy on the pocket because it has a lower premium.

• 3rd Party Cover

  Pay as You Drive policy will offer various benefits like own damage cover, and third party liability cover.

• Offers Discount

  Offers discount on your own-damage premium depending on the slabs of the kilometres travelled.

• IRDAI Approved

  IRDAI in collaboration with various insurance companies came up with this policy in which private car owners will be offered a usage-based motor insurance policy.

• IRDAI Supported

  It is a pilot project introduced & approved by IRDAI

• Own-Damage Cover

  The own-damage premium cover will be available throughout the year.

• 3rd Party Cover

  Third-party liability only cover will be available in this policy.

• Low Premium

  The premium of this project is less compared to other car insurance plans.

• One Year Policy

  The policy tenure for pay as you drive is one year.

• Distance-based Premium

  The premium depends on the distance travelled by your car i.e. up to 3000, 5000 & 7500 Km.

• Telematics Facility

  The telematics device is provided and installed by the insurer.

• Value-added Benefits

  The general insurer is offering value-added benefits for safe driving in order to promote this plan.

• Custom Protection

  You can do customization of your car insurance policy protection level by going for certain add-on covers.

• Reduced Premiums

  Lesser the usage of your vehicle, lesser will be the insurance premium you pay.

• No Installation Charges

  A telematics device that continuously monitors the condition of the car and driving habits of the insured is installed by the insurer.

• 25% Discounts

  Discounts ranging from a minimum of 5% and up to 25% are offered by insurance companies on the ‘own damage’ insurance premium.

Note: The percentage of the discount on premiums may vary from insurance company to insurance company.

Edelweiss General Insurance SWITCH

Edelweiss General Insurance SWITCH’s plan is a pay-as-you-drive driver-based car insurance plan. The plan gives you the option to switch your car insurance cover ON and OFF depending on the usage.

Key Features:

Multi-vehicle Cover

Up to 3 vehicles can be covered under a single premium paying plan

Premium Transfer

You can carry forward the unused premium amount

Add or Remove Cars

You can add or remove the number of vehicles in a single policy

Flexible Term

Flexible policy term together with the sum insured

• Contact the insurance company within 48 hours of the accident or theft
• File an FIR in case of third party damage or theft of the bike
• Submit the required documents
• The insurance company will appoint a surveyor to check on the extent of damages
• The car will be sent to the garage for repair
• Cashless service will be provided in case the car is being repaired at a network garage
• In case of theft, insured declared value will be given to the policyholder after the police shares non traceable report

Disclaimer: * Savings are based on the maximum discount provided on own damage premium as offered by our car insurer partners.