Categories: Business

Digit Insurance launched ‘pay as you drive’ for motor insurance

Go Digit General Insurance is the first insurer to offer a ‘pay as you drive’ (PAYD) add-on feature for motor insurance own damage (OD) policies. The Insurance has launched an add-on feature for motor insurance Own Damage policies, named ‘Pay as you Drive’. Vehicle-owners can purchase this benefit as part of comprehensive coverage, along with motor own damage (OD) policies.

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Key points of the policy:

Customers who drive less than 10,000 Km per year on average, will now pay less with this add-on.
Digit will use odometer reading, telematics data and annual kilometre opted to give this discount (up to 25%).
IRDAI has also permitted to the general insurance companies to introduce such tech-enabled concepts in motor OD policies.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.