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Digit Third-Party Bike Insurance Policy
With the rising number of automobile purchases in India, the number of accidents has also significantly gone up. With these facts in mind, third-party insurance is mandatory as per the Motor Vehicles Act. So, if you are a bike owner, you have to get your bike insured with third-party insurance. Third-party insurance covers the third-party financial and legal liability that might arise in an accident involving your bike.
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- Digit Third-Party Bike Insurance
The Digit third-party bike insurance policy helps the policyholder financially if an accident or collision has occurred involving your bike, which has caused damages to the third party such as damage to the property, injuries, death, etc. The Digit third-party bike insurance policy also provides you a personal accident cover as an add-on feature.
Digit Third-Party Bike Insurance Policy vs. Comprehensive Bike Insurance
A two-wheeler third-party insurance policy has limited coverage. It covers only damages caused to the third party. In contrast, a comprehensive cover plan offers much more coverage. It covers your damages, your injuries, as well as the third party's damages, injuries, and even death. A comprehensive plan also provides coverage in case of theft, riots, fire, natural disasters (floods, earthquakes, and storms), etc.
However, a comprehensive plan is not mandatory, but a third-party insurance plan is compulsory under the Motor Vehicles Act. The Digit third-party insurance allows you to add personal accident cover if you already have a third-party cover. This add-on cover policy will cover damages caused to you in an accident.
Digit Third-Party Bike Insurance Policy vs. Comprehensive Bike Insurance
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Third-Party Bike Insurance |
Comprehensive Bike Insurance |
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It provides coverage for damages caused to a third party by your bike in an accident or collision |
It provides coverage for damages caused to a third party and covers damages caused to the insured bike as well |
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Premium costs are lower as compared to a comprehensive cover |
Premium costs are higher because it covers you from more unfortunate events than a third-party plan covers
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This does not provide coverage for damages caused by natural disasters (floods, earthquakes, storms), theft, fire, riots, etc. |
It provides coverage if damages are caused by natural disasters (floods, earthquakes, storms), theft, fire, riots, etc. |
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It is mandatory to have third-party insurance cover |
It is not mandatory to have comprehensive bike insurance cover |
Digit Two Wheeler Insurance Plans
What is covered under the Digit Third-Party Bike Insurance Policy?
Although a third-party insurance policy is mandatory, you must know what it covers. The Digit third-party bike insurance policy covers:
- Damages caused to the Third Party– If the third party is injured in an accident, all his or her medical costs will be taken care of.
- Property Damage– If someone's house, vehicle, or property is damaged, that loss will also be covered.
- Damage to Owner-driver– In case of your death or injury, this plan can protect you or your family by providing sufficient coverage.
What is not covered by Digit Third-Party Bike Insurance Policy?
It is crucial to know what your third-party policy does not cover. The Digit Third-Party Bike Insurance Policy does not cover:
- This policy will not cover the damages caused to your bike in an accident
- This policy will not cover if an accident has occurred and you were drunk while riding
- This policy will not cover if an accident has occurred and you were riding without a driving license
- This policy will not cover if you are a learner's license holder and you were riding without someone sitting in the passenger seat who has a valid driving license
FAQs
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Q. What happens if the accident has occurred in a different city?
If the accident has occurred in a different city, the policy will cover the damages irrespective of the city or state.
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Q. Is it possible to avoid the purchase of third-party insurance?
No. It is mandatory by the law to have at least third-party insurance. Otherwise, you will be liable to pay a fine of Rs 2000- Rs 4000.
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Q. What is an add-on in bike insurance?
Add-ons are the additional coverage plans that a policy buyer can buy with their base plan to enhance the strength of their policy.
Two Wheeler Insurers
Bajaj Allianz Two Wheeler Insurance
IFFCO Tokio Two Wheeler Insurance
Kotak Mahindra Two Wheeler Insurance
Liberty Two Wheeler Insurance
National Two Wheeler Insurance
Navi Two Wheeler Insurance
New India Assurance Two Wheeler Insurance
Oriental Two Wheeler Insurance
Reliance Two Wheeler Insurance
SBI Two Wheeler Insurance
Shriram Two Wheeler Insurance
Tata AIG Two Wheeler Insurance
United India Two Wheeler Insurance
Universal Sompo Two Wheeler Insurance
Zuno Two Wheeler Insurance
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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