- About Coverfox
Digit General Insurance has been founded by the former CEO of Bajaj Allianz, Mr. Kamesh Goyal. It is a young, growing general insurance company in India, with products like two wheeler insurance, car insurance, travel insurance, home insurance and mobile insurance as well.
Digit General Insurance has collaborated with companies that are pioneers in their own fields – Amazon, PayTM, Flipkart, Tanishq and Thomas Cook, among others. Currently, it is has a claim settlement ratio of 100% under motor segment for F.Y. 2017-18.
Covers third-party losses and Personal Accident for the owner driver
People who generally do not use their two-wheeler too much but still want to have a protection shield around it, usually opt for a Third-Party Liability Policy.
Does not cover:
A Comprehensive or Standard Package policy is highly recommended to bike owners, except certain specific instances like when the owner rarely rides the bike or it is too old already.
To ride a two-wheeler in India, it is mandatory to have at least a Third Party Liability policy. However, only having a Third Party Liability Policy is not enough and can leave you and your bike vulnerable. To have complete protection for your two-wheeler, it is wise to take a Comprehensive or Standard Package two-wheeler insurance policy.
There are some limitations to your base bike insurance policy, situations that might not be covered. But fret not! We will always give you a way out! With the right addons, you will be able to cover your expenses for any additional loss or assistance! So, let’s see what are the important addons:
Parts Depreciation Cover (Zero Dep/ Bumper to Bumper): Like everything in life, there is a decrease in value of certain parts of your bike, including the bumper or any other metal or fibre glass parts. So, when a damage happens, the full cost of replacement is not given as depreciation is deducted from the claim money. But this addon makes sure there is Zero Depreciation and you get the full value of the cost of repair/replacement provided the vehicle is repaired at Digit Authorised Workshop.
Consumable Cover: Most of us think the cost of replacement of parts like screws, engine oils, nuts & bolts, grease is covered in the standard package policy, sadly it is not. But with this add-on, the cost is covered.
Engine and Gear-Box Protection Cover: If an accident causes a damage to an engine, it is covered under a standard package policy. But if it is a consequential damage, it is not covered. For example, if your bike is towed roughly or during floods you switch on the engine, which causes damage to the engine or gearbox. This add-on comes to your rescue, covering the repair charges. The cost of replacement of an engine is approx. 40% of vehicle cost, which is huge.
Return to Invoice Cover: If your bike gets stolen or is totally damaged or its repair cost estimated is more than 75% of its IDV, the cost of buying a similar new bike is covered i.e. you get the ex-showroom price or last invoice value, minus the IDV (Insured Declared Value). This includes the cost of registering the new vehicle and the road tax for it.
Breakdown Assistance (RSA): Get 24*7 assistance if there is a breakdown on the road, and if you need help for a flat tyre, fuel refill, spare key, flat battery etc.-up to 500 kms from city centre.
It is equally important to know what’s not covered in your two wheeler insurance policy, so that there are no surprises when you make a claim. Here are some such situations:
The claims settlement process against Digit Bike Insurance can be initiated through these 3 simple steps:
Renewal of your Digit Bike Insurance can be done online in a few clicks. All that you need to do is to enter essential details like bike registration date, your city of residence and the model to be directed to the payment procedure.
GoDigit is one of the young, emerging general insurance companies in India with a range of 10 lakh products. It has spread across 179 countries across the world. Currently, it specializes in offering insurance policies for bikes, cars and travel. It has plans to expand its product range to mobile insurance and home insurance as well, in the near future.
Does GoDigit offer pick-up, repair and drop services for insured bikes and cars?
Yes, GoDigit offers pick-up, repair and drop services for vehicles covered by Digit Bike Insurance and Digit Car Insurance. All you need to do is get in touch with the customer care of the insurance company on the toll-free number, 1800-258-5956. You can give the details of your insured bike like bike registration number, policy number, address from where the bike has to be picked up, etc. The bike will then be picked up, repaired at their nearest network garage, and dropped at your doorstep.
What are the exclusions of Digit Bike Insurance?
Accident or death caused in the following circumstances: