The first insurer to provide a "pay as you drive" (PAYD) add-on feature for auto insurance own damage (OD) coverage is Go Digit General Insurance.
The Insurance has introduced the "Pay as you Drive" add-on service for own damage car insurance coverage.
In addition to motor own damage (OD) policies, vehicle owners can obtain this benefit as part of comprehensive coverage. If you are preparing for competitive exams and looking for expert guidance, you can download our General Knowledge Free Ebook Download Now.
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The policy's main points are:
- Customers who typically travel less than 10,000 km annually will now pay fewer thanks to this add-on.
- To apply this discount, Digit will use the odometer reading, telemetry data, and annual kilometre choice (up to 25 per cent).
- The general insurance companies have been given permission by IRDAI to include such tech-enabled concepts in their motor OD plans.
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