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  • Motor Insurance

    Types of Policies


    There are two types of Policies :

    • Liability Only Policy: This covers Third Party Liability for bodily injury and/ or death and Property Damage .Personal Accident Cover for OwnerDriver is also included.
    • Package Policy: This covers loss or damage due to the vehicle for own damage as well as Third party damage.

    Insured's Declared Value (IDV)


    The Insured's Declared Value (IDV) of the vehicle will be deemed to be the "SUM INSURED" for the purpose of this tariff and it will be fixed at the commencement of each policy period for each insured vehicle.

    The IDV of the vehicle is to be fixed on the basis of manufacturer‟s listed selling price of the brand and model as the vehicle proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation (as per schedule specified below). The IDV of the side car(s) and / or accessories, if any, fitted to the vehicle but not included in the manufacturer‟s listed selling price of the vehicle is also likewise to be fixed.

    SCHEDULE OF DEPRECIATION FOR ARRIVING AT IDV AGE OF THE VEHICLE % OF DEPRECIATION FOR FIXING IDV


    • Not exceeding 6 months 5% Exceeding 6 months but not exceeding 1 year 15%
    • Exceeding 1 year but not exceeding 2 years 20%
    • Exceeding 2 years but not exceeding 3 years 30%
    • Exceeding 3 years but not exceeding 4 years 40%
    • Exceeding 4 years but not exceeding 5 years 50%

    No Claim Bonus (NCB)


    NCB can be earned only in the Own Damage section of Policies covering all classes of vehicles but not on Motor Trade Policies (Road Transit Risks / Road Risks / Internal Risks) and policies which cover only Fire and / or Theft Risks. For policies covering Liability with Fire and/or Theft Risks, the NCB will be applicable only on the Fire and / or Theft components of the premium. An insured becomes entitled to NCB only at the renewal of a policy after the expiry of the full duration of 12 months. (b) No Claim Bonus, wherever applicable, will be as per the following table.

    ALL TYPES OF VEHICLES % OF DISCOUNT ON OWN DAMAGE PREMIUM


    • No claim made or pending during the preceding full year of insurance 20%
    • No claim made or pending during the preceding 2 consecutive years of insurance 25%
    • No claim made or pending during the preceding 3 consecutive years of insurance 35%
    • No claim made or pending during the preceding 4 consecutive years of insurance 45%
    • No claim made or pending during the preceding 5 consecutive years of insurance 50%

  • Car Insurance: Buy/Renew Car Insurance Policy Online Instantly

    What is Car Insurance?


    Car Insurance, also known as auto or motor insurance, is a type of vehicle insurance policy that protects you and your car from any risks and damages caused from accidents, thefts or natural disasters. So, you will be financially secure in case of any losses that may be incurred because of any such unforeseen circumstances. In addition to that, you will also be protected from third-party liabilities. Whether you want to just legally comply with the law with the most basic, third party car insurance, or give your car ultimate protection with a comprehensive car insurance or own damage policy, Digit offers you a third-party, comprehensive and own damage car insurance at affordable premiums online. The best part? You can customize your IDV yourself, along with 7 beneficial add-ons to suit your car. So, whether you want to buy/renew a car insurance by Digit or make a claim- everything can be done online with our quick and simple smartphone-enabled processes.

  • Health Insurance

    Above All guidance by our principal partner of Go Digit General insurance for you.

    Things to keep in mind before buying a Health Insurance


    • Don’t choose a low sum insured just to save on your premium. Always choose the right sum insured based on your age, your healthcare needs and number of people you’re covering in your health insurance policy.
    • Always check for what is covered and not covered in your health insurance policy, and read through the terms and conditions so you’re not in for any surprises! We understand that reading it all can seem boring, that’s why we at Digit have created short summaries and simpler policy documents to make this process simpler for you!
    • If you have the option to customize your health insurance plan, always do that. For example: You can customize your health insurance policy with different add-ons for better coverage.
    • Don’t wait too long to buy a health insurance. Buy a health insurance early in life, this way you will have more reasonable premiums and also ensure you’re through waiting periods faster!
    • Health insurance is a vital financial decision so always evaluate all your options online before going for the first option you see!

    Tips to Compare Health Insurance Plans


    One of the benefits of buying a health insurance plan online is, that you have the chance and endless possibility to do your research and compare health insurance plans online.

    To make your decision-making process easier, here are a list of factors you should compare before buying the best health insurance plan:

    • Coverage Details: The whole point of a health insurance is to get maximum coverage on healthcare expenses. Therefore, always compare the kind of coverage you will receive and compare the sum insured for. After all, that would be up to how much your health insurance plan will cover you for.
    • Service Benefits: While different health insurance plan will offer basic coverage, some will also go out of their way to take better care of you through some extra benefits. Therefore, compare the service benefits offered by different health insurance providers and see what works best for you.
    • Network of Hospitals: Every health insurance provider has a network of hospitals you can visit and avail cashless claims from during times of need. However, to avail this benefit – it's important that you compare the range of hospitals available with your insurance provider and go for one that suits you the best.
    • Type of Claims: There are generally two types of claims in a health insurance plan; Cashless and Reimbursement. In times of need, Cashless Claims prove to be a lot easier and beneficial. Therefore, compare health insurance plans to see if they provide you the benefit of cashless claims or not, and to what extent.
    • Health Insurance Premium: This goes without saying, doesn’t it? This is something you’ll probably do. However, make sure your premium is relevant to the health insurance plan you choose. Don’t blindly get lured into cheap premiums, but always compare the coverage details against the premium and make a sound decision accordingly.

    Factors affecting your Health Insurance Premium


    Wondering why health insurance premiums differ? Based on a combination of various factors, your health insurance premium is defined by the following:

    • Age - While health conditions are on a rise for both people young and old, younger people are still a lot healthier due to stronger immune systems. Additionally, the younger you are, the more time you have to complete your waiting period for specific illnesses and covers. Therefore, the younger you are, the lesser your premium!
    • Lifestyle - More than 61% of deaths in India are due to issues stemming from lifestyle diseases, including pollution levels! Therefore, your lifestyle habits such as if you’re a smoker or not will have an influence on your health insurance premium.
    • Pre-existing diseases or conditions - If you’ve already been facing symptoms of some kind, or have a family history of a particular illness, then your health insurance premium will probably be higher due to the higher risk involved.
    • Location - Your premium will be affected by the city you live in because every city is different, in terms of risks and medical costs. For example, people living in North India are a lot more prone to lung diseases, due to the high percentage of pollution.
    • Additional Covers - One can customize their health insurance plan based on their personal requirements and health conditions. Therefore, when you opt for additional covers like a Maternity Benefit or AYUSH benefit, your premium too increases by a small margin.

    How to choose the right Sum Insured?


    • Life Stage: When the life-stage changes, you may need a higher sum insured. Say if you’re about to get married or are planning a kid.
    • No. of Dependents: Insuring all the members of the family under a Health Insurance policy is a wiser way to protect your family against future financial risks related to high medical costs.
    • Health Conditions: If there is a hereditary disease in the family or a common health condition seen rising in the city the person is staying, you should consider a higher sum insured.
    • Lifestyle: If you live in polluted metr o cities, toiling with traffic and bearing office stress every day, you may be at a higher risk of falling ill. Which in turn means, you need to cover yourself better.

    Health Insurance buying tips


    Health Insurance buying tips for Youngsters

    • Get an insurance early in life.
    • Go in for a higher sum insured as it increases the amount you have in case of an Accidental Hospitalization. 5-10 lakhs should be fine.
    • Make sure you have a Critical Illness Cover included.
    • If you plan to have a family in the future, choose a Maternity Benefit so that your waiting period is over in time.

    Health Insurance buying tips for Families

    • Insure all members of the family.
    • Go in for a high sum-insured as it is distributed between all family members, you can keep 10 lakh per person and calculate the sum insured.
    • If you have a floater plan, go in for a plan with Restoration Benefit.
    • Check the waiting periods for all benefits being offered.
    • If you’re planning to insure your parents, check if it has common treatments like Knee Replacement, Cataract Surgery covered.

    Health Insurance buying tips for Seniors

    • With age the insurance premium goes up. So, if you already have a plan, you can increase its sum insured with a top-up plan.
    • Make sure you check the kind of hospital tie-ups and service tie-ups your insurer is providing you.
    • Check if the plan you’re getting has common treatments like Knee Replacement, cataract surgery covered.
    • Check the sub-limits of the benefits being offered.
    • Check the waiting period mentioned for different pre-existing diseases.

    Popular myths about Health Insurance


    • Health Insurance covers for only serious illnesses: Many people are under the impression that health insurance plans cover for only serious and critical illnesses. However, that’s not true! A health insurance plan covers for regular illnesses, accidents, psychiatric support, child-delivery and also basic annual health checkups!
    • "I don’t need health insurance, cause I’m too young for illnesses": Contrary to popular belief, no matter how old you are- you can be prone to illnesses both big and small. Especially, in the times we live in today- more and more younger people are being diagnosed with health conditions like PCOS, cancer and lung diseases due to our climate change driven lifestyles and unhealthy eating habits.
    • Health Insurance processes are time consuming: This honestly just depends on the kind of health insurance plan you have, and your insurance provider! Thanks to technology, the best health insurance plans are now a lot quicker and hassle free!
    • If you have savings, health insurance isn’t important: We’re so optimistic sometimes, aren’t we? While our savings can help us in time of need, the limit of the same can never be foreseen. The best health insurance on the other hand, is a dedicated investment you make solely towards your health so you don’t need to shell out your savings or face any financial pressure in the future!