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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.