The nation’s favored mode of transportation is the two-wheeler. Having a two-wheeler is convenient as it saves time and reduces stress in the face of increasing traffic congestion. The convenience of having your own bike/scooter makes navigating through traffic simple. Purchasing a two-wheeler, however, does not solve your problem. You ought to have good insurance as well. All two-wheelers are required to have insurance under the Motor Vehicles Act of 1988.
In India, two well-known insurers that meet a range of client needs are Digit Two-Wheeler Insurance and Bajaj Allianz Two-Wheeler Insurance. Although Digit offers innovative solutions based on technology, Bajaj Allianz is well-established and dominates the insurance industry. In the end, the customer’s decision between the two insurers for their two-wheeler is based on personal preferences, coverage needs, and other particular considerations.
Let’s dig down into both of them and find out the best two-wheeler insurer.
Difference Between Bajaj Allianz Two-Wheeler Insurance & Digit Two-Wheeler Insurance
Confused, what to choose? Well, here are the differences between Bajaj Allianz’s two-wheeler insurance and Digit’s two-wheeler insurance.
|Parameters||Bajaj Two-Wheeler Insurance||Digit Two-Wheeler Insurance|
|Claim Settlement ratio (Incurred Claim Ratio 2021-22)- IRDAI Report||68.53% (Motor Insurance)||79.54% (Motor Insurance)|
|Cashless Network Garages||6,500 + Network Garages||4400+ Cashless Network Garages|
|Personal Accident cover:||Rs. 15 lakhs||Rs. 15 Lakhs|
|Theft or Burglary||Covered||Covered|
|Add-ons||7 Add-ons available|
|Stunt performance||Not Covered||Excluded|
|Cashless Claims||OTS (On the Spot) Claim Settlement in 20 Mins||Average turnaround time for two-wheeler claims is 11 days|
What is Bajaj Allianz Two-Wheeler Insurance?
Bajaj Allianz’s two-wheeler insurance offers protection against third-party liabilities, including injuries, property damage, and vehicle accidents, as well as coverage for the policyholder. As a result, as soon as you purchase bike insurance from Bajaj Allianz, you are automatically protected against “own damage” and third-party liabilities. Their strong mobile and web presence allows you to take advantage of hassle-free renewals and incredibly fast claims settlements. Even in the dead of night, Bajaj Allianz offers quick and friendly service! On-call support is available around the clock, even on public holidays.
What Are The Key Features and Benefits of Bajaj Allianz Two-Wheeler Insurance?
The following are the salient features and benefits of choosing two-wheeler insurance by Bajaj Allianz.
- Contactless Purchase and Renewal
The procedure is quick, easy, and safe to do from home at any time of day or night. But if you ever need assistance, Bajaj Allianz two-wheeler insurance specialists are here to help.
- OTS Claim Settlement
To ensure that lodged claims for lower amounts are settled without difficulty, you can have a claim settled up to INR 10,000 within 20 minutes of submission.
- Long-Term Coverage
For three years, you can choose bundled two-wheeler insurance products, which will spare you the headache of yearly renewals and rising premiums.
- Avoiding Fines and Penalties
Bike insurance is required by law, and not having one carries severe penalties. As a result, you can travel hassle-free without being concerned about the repercussions of driving without insurance, which includes both a financial fine and jail time. You can now carry a digital copy of the insurance instead of a hard copy because digital technology is catching up quickly.
- Round-the-clock Roadside Assistance
A roadside assistance add-on that is available around-the-clock can improve the Bajaj Allianz bike insurance coverage.
- Cashless Claim Settlement
If your insured bike is damaged in an accident or if you suffer other losses from items covered by your Bajaj Allianz two-wheeler insurance, you won’t be responsible for paying for repairs at network garages.
- Free of Risk and Stress
The final benefit of two-wheeler insurance by Bajaj Allianz is protection against possible risk and the worry of legal issues. Additionally, you can rest easy knowing that you are abiding by the law and that your insurance will take care of any financial concerns as a safety net. Therefore, don’t hesitate to get the appropriate insurance coverage as it will relieve your stress and protect you in the event of an accident or injury.
Next, what is Digit Two-Wheeler Insurance?
Digit Two Wheeler Insurance, also known as Digit Bike Insurance, assists you in protecting yourself and your two-wheeler from potential harm caused by mishaps, theft, fires, or natural disasters. You will also be protected against liabilities resulting from damages to any third-party vehicle, property, or person with Digit’s bike insurance. Digit two-wheeler Insurance has got you covered for both standalone Third-Party and Own Damage Bike Insurance as well as comprehensive coverage! Additionally, the customer has the option to further personalize their current two-wheeler insurance by selecting add-ons that help safeguard their bike in every scenario.
What do the Digit Two-Wheeler Insurance Features and Benefits include?
Here is the list of the key features and benefits of Digit two-wheeler insurance.
- Zero Paperwork
There is no paperwork involved in purchasing Digit two-wheeler insurance. All you have to do is go online, complete the form, and pay the premium. Your insurance will be sent out right away. All of the work is done online.
- Network Garages
The insurer provides convenient cashless claims through partnerships with over 4,400 cashless network garages nationwide.
With its smartphone-enabled self-inspection feature, Go Digit guarantees a prompt and paperless claim settlement procedure. You can self-inspect your vehicle using this smartphone-enabled method, and the claim will be resolved as soon as possible.
- 24/7 Support
The convenience of Digit two-wheeler insurance includes the provision of emergency assistance around the clock, including on national holidays.
- Quick Claim Process
Go Digit has an easy-to-understand claim settlement procedure. At a network garage, you can apply for cashless claims or request reimbursement for the cost of the repairs. For two-wheeler claims, the turnaround time is eleven days.
- Avoid Third-Party Problems
The constant teasing that occurs between third parties as a result of losses or damages is one of the issues that people fear the most when they are involved in an accident. Having Digit two-wheeler insurance in place guarantees that the person who is impacted will be covered, which reduces issues!
- Protect your Pocket from Dents
By protecting your bike with Digit two-wheeler insurance, you can be sure that any unanticipated losses or damages from theft, fire, accidents, or natural disasters won’t put dents in your pocket.
- Add-On Covers
Two-wheeler insurance by Digit offers a multitude of add-on covers to enhance the protection level of your bike/scooter.
- Zero Depreciation Cover
When it comes to claims, a zero-depreciation cover guarantees that no depreciation is subtracted, allowing you to receive the full cost of any necessary repairs or replacements.
- Return to Invoice Cover
The Digit two-wheeler insurance with a return to invoice add-on will pay for the expenses of purchasing an identical or comparable bike, including road tax and registration fees.
- Engine & Gear-box Protection Cover
You can explicitly protect your vehicle’s engine and gearbox for the duration of its life against any consequential damages resulting from an accident by purchasing the engine and gearbox protection add-on cover.
- Consumable Cover
Your two-wheeler gains an additional shield with the consumable cover add-on. In the event of an accident, it pays for all the little things on your bike, like the engine oils, screws, nuts, bolts, grease, etc.
- Breakdown Support
In the event of a breakdown, the add-on guarantees that you and your two-wheeler will receive expert assistance.
- Tyre Protect
The optional tire protection cover is exclusively available for your two-wheeler equipped with run-flat technology. As part of it, labour costs and wheel balancing fees, as well as the price of replacing damaged tires with ones that are comparable to or nearly identical to the ones currently being used in the vehicle, may be reimbursed.
- Daily Conveyance Benefit
When your two-wheeler is being repaired, the daily conveyance benefit add-on cover will make sure you get paid for your transportation expenses, subject to any applicable time excess.
Which is Better: Bajaj Allianz Two-Wheeler Insurance or Digit Two-Wheeler?
Now, you have finally understood both two-wheeler insurance products in a detailed manner! In India, two-wheelers are one of the major contributing factors to traffic accidents, according to the Ministry of Road Transport and Highways. The Motor Vehicles Act made at least Third-Party Bike Insurance mandatory due to this significant factor alone. It not only simplifies and increases your convenience, but it also lowers expenses and, consequently, your bike insurance rates!
If you are looking for bike insurance with a higher claim settlement ratio, then ensure you opt for two-wheeler insurance by Digit. On the other hand, if you want two-wheeler insurance with greater cashless network garages and OTS claim settlement, then Bajaj Allianz bike insurance will be an ideal choice.