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Digit insurance, formerly known as Go-Digit General Insurance Company Limited is one of India’s leading general insurance companies backed by the Fairfax Group. The company offers its plan online through digital platforms with a unique strategy of multi-channel distribution. Its services include travel insurance, health insurance, car insurance, commercial vehicle insurance, home insurance and shop insurance. Digit Insurance is known for its reimagining products and redesigning price processes.
|Gross Written Premium||Rs 3,243 crores as of March 31st, 2021.|
|The number of customers||Trusted by more than 2 crore customers in a span of 4 years of operations|
|Cashless Garages||9500+ garages across India|
has gained huge recognition in 4 years since it has begun operations. Digit insurance has been certified as a ‘Great Place to Work Organisation.’ Some other awards and accolades of the company are as follows:
provide holistic coverage benefits, depending on the type of policy that you choose, so that your car is protected against major risks. The coverage features of Digit car insurance plans are as follows –
have some exclusions. The insurance company is not liable for the events which are not covered in the plan and are mentioned specifically in the policy documents. It is equally necessary to know the exclusions in the car insurance policy so that there would be no surprises at the time of making a claim. Some common exclusions under the plan are as follows:
Digit offers a range of car insurance policies for its customers. These policies and their salient features are as follows –
You can purchase a Digit car insurance policy through the PayBima website. PayBima offers a very quick and easy process to buy a car insurance policy with the benefit of comparison of insurance plans offered by different insurers. Here are the simple steps to buy a Digit car insurance policy through PayBima:
Begin the process by visiting the website of PayBima or just click on www.paybima.com. Then click on the car insurance option on the website
Next, you have to fill in your personal and medical details on the website to enable pay Bima to calculate your premium. Fill in the details such as your name, car registration number, type of policy such as comprehensive or third party, sum insured, location, make, model and variant of your car and contact details. You can also request PayBima for phone assistance to help you select a suitable plan. PayBima provides first-class service to its customers.
After all the details are filled in, PayBima will show you a list of plans available as per the selected sum insured and type of plan. You will find the Digit car insurance policy in the list. You can compare the policy that you have selected with the other top car insurance plans in the market and then select the plan which best suits your requirement at a competitive price.
After finalizing your plan, just fill out a simple proposal form in order to intimate the insurance company about buying the plan. Ensure to complete the proposal form accurately so that you don’t face any issues at the time of claim.
PayBima offers various secured payment getaways for paying insurance premiums online. After filling out the proposal form, the final step is to pay the premium through any of the secure gateway offered by PayBima and your policy will be issued instantly.
Car Insurance plans have a fixed tenure of one to three years. On the expiry of the tenure, you must ensure to renew your plan within the due date or else your policy will lapse and all the benefits will cease.
Renewing the Digit insurance policy through PayBima is even easier than buying one. You can renew your car insurance policy through PayBima by entering your policy number and email address on PayBima Website. Then you can review your policy details and make changes to them if required. You can change the type of policy and also add or delete add-ons. The amount of your renewal premium will be adjusted proportionately as per the changes made in the plan. Do not forget to take the benefit of a no claim bonus if you have not made any claim in the previous policy year. After making changes in the plan, pay the premium and your policy will be renewed within seconds. You can contact PayBima to get personalised assistance to guide you through the renewal process. Feel free to call us at 1800-267-6767 or email us at firstname.lastname@example.org.
Digit Car Insurance claims can be made online through the PayBima website. Click on www.paybima.com and follow the following steps to make a claim on your car insurance plan:
First of all, inform the insurance company of the claim by providing your policy number, car registration number and driving license number.
Digit insurance offers both cashless as well as reimbursement settlement of claims. You can either send your vehicle to a workshop with which the company has a tie-up or can get your car repaired at a non-network workshop and later get your amount reimbursed from the insurance company. If you wish to avail of cashless settlement of the claim, then you will have to first identify the network workshop nearest to your location. You can visit the website of the insurance company and find the nearest workshop to the location of the incident.
Once your vehicle is at the network workshop, the insurance company will send a surveyor to assess the damage caused to the vehicle who would prepare an estimate of the claim and submit the same to the insurance company.
Duly fill and signed a claim form with car and policy details and submit it to the insurance company with driving license and other relevant documents. Once your claim is approved, the network garage will begin repairing your vehicle.
Once the repair is completed, you can take the delivery of your vehicle and the insurance company will directly settle the expense incurred to the networked garage.
In case of reimbursement claims, you can get your vehicle repaired at any garage which does not have a tie-up with the insurance company. Then, submit all the bills of repair along with the claim form and driving license to get reimbursement of the amount of expense incurred for repairing your vehicle.
Digit insurance is known for its great customer experience and easiest claim process. Other highlights of digit car insurance plans are as follows:
Standalone own damage cover is available for 1 year.
You can buy a standalone third party cover for one year if your car is old. However, for new cars, coverage for a continuous period of 3 years is mandatory as per IRDAI (Insurance Regulatory and Development Authority of India) norms.
Yes, you can opt for as many add-ons as you like. However, for each add-on, you would have to pay an additional premium. Moreover, add-ons are available either in a standalone own damage plan or in a comprehensive policy.
Yes, the comprehensive car insurance policy offered by Digit offers various discounts. Such discounts are as follows –
o You can claim a discount for not making claims in previous policy years. This discount starts from 20% and can go up to 50%
o You get a discount for choosing a voluntary deductible
o There is a discount if you are a member of a recognized automobile association
o You can also get a discount for installing safety devices in your car.
The no-claim bonus is a reward given to policyholders who do not make a claim. This bonus allows you a discount on the renewal premium. The bonus increases with each successive claim-free year. However, if there is a claim in any year, the bonus becomes nil.
The no-claim bonus rates applicable in Digit car insurance plans are as follows –
No claim in the first policy year 20%
No claim in 2 consecutive policy years 25%
No claim in 3 consecutive policy years 35%
No claim in 4 consecutive policy years 45%
No claim in 5 or more consecutive policy years 50%
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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