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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Find More Business News Here

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.

Leave a Comment
Share
Published by
Sumit Arora
4 years ago

Recent Posts

Which District of Uttar Pradesh Shares Borders with the Most States?

Uttar Pradesh is the largest state in terms of population in India comprising of 75…

27 minutes ago

Dr. Srinivasa Kumar Tummala Appointed as Secretary, Ministry of Earth Sciences

Dr. Srinivasa Kumar Tummala has been appointed as the Secretary of the Ministry of Earth…

1 hour ago

Indian Navy to Commission INS Malvan, Second Mahe-Class ASW Shallow Water Craft on July 22

INS Malvan, which is the second Mahe-class Anti-Submarine Warfare Shallow Water Craft (ASW-SWC), is set…

2 hours ago

What Is World Day for International Justice? Everything You Need to Know

World Day for International Justice is observed every 17th day of July each year. It…

2 hours ago

India’s First Hydrogen Fuel Cell Train: Features, Safety, Route and Global Significance

Indian railways set to launch India's first Hydrogen Fuel Cell Train, the train was developed…

3 hours ago

Cabinet Approves Semicon 2.0: ₹1.27 Lakh Crore Initiative to Build India’s Semiconductor Ecosystem

The Union Cabinet under the leadership of Honorable Prime Minister Narendra Modi given its approval…

20 hours ago