Standalone OD Car Insurance Policy

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Up to 90% Off with PAYD Add-On

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Disclaimer:Tata Capital Limited (“TCL”) registered with IRDAI (License No. CA0896, valid till 21-Jan-2027), acts as a Corporate Agent “Composite” for Go Digit General Insurance Limited. Please note that, TCL does not underwrite the risk or act as an insurer. For more details on the risk factors, terms and conditions please read sales brochure carefully of the Insurance Company before concluding the sale. Participation to buy insurance is purely voluntary.

The Registered office of TCL is Tata Capital Limited, 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam, Marg, Lower Parel, Mumbai-400013.
The Registered Office of Go Digit: Go Digit General Insurance Limited, 1st Floor, Fairmont, Hiranandani Business Park, Powai, Mumbai – 400076.

9000+ Cashless

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96% Claim

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24*7 Claims

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Standalone Own Damage Car Insurance: Renew Car OD Policy Online with Digit

If you want to secure your car and yourself against unforeseen damage, loss or injuries, opt for a Standalone Own Damage car insurance policy by Digit that offers added protection beyond third-party liabilities.

With Digit, you enjoy the convenience of instant online buying or renewal of OD car insurance policy and can drive with peace of mind. You can also customize your coverage with car insurance add-ons for enhanced protection. Don’t let accidents set you back—insure your car with OD plan today!

What is Standalone OD Car Insurance?

Standalone Own Damage car insurance is a type of car insurance policy that is designed to specifically cover your own car’s damages and losses. This includes damages and losses caused due to accidents and collisions, natural calamities, fires, theft or any other unforeseen incident.

It is an affordable car insurance policy that offers additional coverage than the third-party car insurance policy. Though it is optional to buy OD car insurance in India, car owners can purchase OD policy only along with a third-party liability car insurance. Additionally, a person already having third-party car insurance can also buy an OD car insurance plan to cover their own car.

Why was Own Damage Car Insurance Introduced?

Since September 2019, an Own Damage cover is no longer only a part of Comprehensive Car Insurance, but, can also be bought as a standalone policy. However, this is only applicable if you already have Third-Party Car Insurance in place.

The motive behind introducing such a plan was that though many people already had a Third-Party Policy in place, it did not cover one’s own damages and injuries, which was a major issue. So, Own Damage (OD) car insurance was introduced as a result, to provide additional protection to your own car from damage.

How Does Own Damage Car Insurance Work?

Let’s take an example to understand this better.

Say, you’ve recently bought your new Toyota Etios and while you were at the showroom itself, the dealer sold you a three-years bundle third-party policy for your Toyota Etios.

Now, it’s only a year later you realize that apart from third-party liabilities, you’d like to protect your own car from damage and losses too.

In this case, instead of waiting for your renewal date to upgrade your plan, or buying Comprehensive Car Insurance, you can just get yourself a private car Standalone Own Damage policy, and that will do the job as well. Also, you can get add-ons with it to protect yourself against damage that is not covered under the Standalone OD car insurance policy.

Why Should You Get Standalone OD Car Insurance?

Standalone OD in car insurance offers several key benefits to car owners such as:

Covers Your Own Damages - OD car insurance covers the damage suffered by the insured car, implying that this cover will pay for the repair costs if your car is damaged or lost due to natural calamities, theft, fire, and accidents.
Choice of Add-ons - The OD cover for car also allows you to purchase add-ons like zero dep, engine and gearbox protect, personal accident cover, etc., to enhance your and your car’s protection.
No Claim Bonus (NCB) - With Own Damage car insurance, you can enjoy the benefits of NCB, which rewards you for your safe driving by giving you a discount on car insurance own damage premium for the previous claim-free years.
Affordable and Flexible - If you’re looking for an affordable insurance plan to protect you and your car, OD car insurance is the most suitable. It also offers you the freedom to choose a policy term that suits your needs, with options for annual or multi-year coverage.

What’s Covered in Own Damage Car Insurance by Digit?

Damages to your car in an accident

Covers for the damages caused to your car in case of an accident or collision.

Theft of your car

Will compensate for you in case your car is unfortunately stolen.

Losses caused to your car in a fire

In case there’s a fire and your car is damaged due to the same. Your own damage cover will cover for it.

Damages to your car due to a natural calamity

No one can stop nature’s many furies but in case your car is damaged due to it, we will be your one-stop for damage control.

What’s Not Covered in Own Damage Car Insurance by Digit?

While Own Damage insurance for cars is great for your car’s protection, here are a few exceptions.

Add-ons Available with Own Damage Car Insurance by Digit

Add-ons which you can buy with your car OD insurance policy at Digit are:

Engine and Gear-box Protection Cover

Do you know that the cost of replacing your engine is approximately 40% of its cost? In a standard car insurance policy, only damage caused during an accident is covered. However, with Engine and Gear-box Protection add-on, you can specifically also cover for the life of your car (the engine and gearbox!) for any consequential damage caused post the accident. This could happen due to water regression, leakage of lubricating oil, and undercarriage damage.

Why Customers Trust Digit Car Insurance?

1.2 Crore+

Policies Sold

75 Lacs+

Cars Insured

8 Lacs+

Claims Settled

3000 Crore+

Paid-in Claims

96% Claims Settled

FY'25

9000+

Cashless Garages

Disclaimer: "The total no of claims settled since inception till 31st December 2024" Disclaimer: "The total no of unique private car vehicles insured since inception till 31st December 2024" Disclaimer: "The total amount of claims paid since inception till 31st December 2024" Disclaimer: This Claim Settlement Ratio is calculated for Overall Motor line of business of Digit. CSR Is calculated for FY'25. CSR Ratio is count of (Claims paid + Claims Closed) / (Claims O/S at Start + Claims Reported - Claims O/S at End) |"Disclaimer: The total count of network garages as of 31st December 2024"

Key Features of Digit's Own Damage Car Insurance Policy

Key Features	Digit Benefit
Premium Discount	Up to 90% Off with PAYD Add-on
No Claim Bonus	Up to 50% Discount
Customizable Add-Ons	10+ Add-ons available
Cashless Repairs	Available at 9000+ Garages
Claim Process	Smartphone-enabled Claim process. Can be done online within 7 minutes!

Car Insurance Plans by Digit that Fit Your Needs

Third-Party Plan

A Third-party car insurance is one of the most common types of car insurance; in which only damages & losses caused to a third-party person, vehicle or property are covered.

Comprehensive Plan

A Comprehensive car insurance is one of the most valuable types of car insurance that covers both third-party liabilities and damages to your own car as well.

Own Damage Plan

An Own Damage Car Insurance is for yourself; it covers loss and damage only to your own car in case of accidents and collisions, natural calamities, fires, and thefts.

Third-party vs Comprehensive vs Own Damage Car Insurance

Third-Party

Comprehensive

Own Damage

Damages/Losses to own car due to an accident	×	✔	✔
Damages/Losses to own car in case of fire	×	✔	✔
Damages/Losses to own car in case of a natural calamity	×	✔	✔
Damages to Third-Party Vehicle	✔	✔	×
Damages to Third-Party Property	✔	✔	×
Personal Accident Cover	✔	✔	×
Injuries/Death of a Third-Party Person	✔	✔	×
Theft of your car	×	✔	✔
Customize your IDV	×	✔	✔
Extra protection with customized add-ons	×	✔	✔

Digit's Cashless Garages

Get cashless repairs at 9000+ garages across India

List of 9000+ Network Garages

A Digit Car Insurance customer received a total loss claim of ₹48.70 Lakh in Mumbai

In a recent case from Mumbai, one of our policyholders experienced a total loss after their private car sustained severe damage. Fortunately, the vehicle was insured, and we processed a claim payout of ₹48.70 lakh. This case highlights the importance of having dependable insurance coverage to stay prepared for life’s unexpected turns.

How is the OD Car Insurance Premium Calculated?

The car insurance own damage premium is slightly higher than third-party liability plan but lower than comprehensive car insurance, and it depends on various factors.

However, here’s how to calculate the OD premium for car:

IDV X [Premium Rate (decided by insurer)] + [Add-Ons (e.g. bonus coverage)] – [Discount & benefits (no claim bonus, theft discount, etc.)]

Factors Affecting Own Damage Car Insurance Premium

In an Own Damage cover, your car premium is calculated depending on various factors, which are discussed below:

Tips on Reducing Your OD Car Insurance Premium

Increase Voluntary Deductibles - In an OD cover, there’s something known as ‘Voluntary Deductibles’, which refers to the amount of money you choose to pay during claims. Therefore, based on your feasibility you can increase the percentage of your voluntary deductible, which will directly reduce your OD premium.

Declare Correct IDV - With Digit, you are given the option to customize your IDV yourself. Therefore, make sure your IDV is always right since this will affect both your OD premium and your claim amounts too during claim settlements.

Don’t Forget to Transfer your NCB - If you’ve had an Own Damage or Comprehensive Car Insurance policy before, ensure you transfer your NCB to your current policy, to get your accumulated discount.

FAQs about Own Damage Car Insurance

All

Is Own Damage Car Insurance mandatory in India?

No, Own Damage Insurance (OD insurance) is not mandatory by law in India. However, it is important to get one because it protects your car and you against financial losses.

Do I need to buy my Standalone Own Damage Car Insurance cover and third-party car insurance from the same insurance provider?

No, you can buy your standalone OD car insurance policy from the same or different insurance provider, it’s up to you!

Who is eligible to buy an Own Damage car insurance?

Anybody with a valid Third-Party Car Insurance is eligible to buy Own Damage insurance for their car.

Why is car OD insurance cover important?

Own Damage car insurance is important because it financially protects you even if your own car gets damaged due to certain reasons. This benefit is not provided by third-party insurance.

How is Own Damage premium calculated?

The car insurance own damage premium is calculated based on several factors including make, type, cc, and age of the vehicle, its IDV, NCB, and the location where car is driven.

Can I raise a claim for damage to my own car?

Yes, you can claim insurance for damage to your own car only if you have bought Own Damage Car insurance policy.

Who should buy a Standalone OD policy for car?

An OD car insurance policy is beneficial for every car owner in India who wants to save repair and damage costs in case of accidental damage to their own vehicle, and who already have a third-party car insurance policy.

What are the other types of car insurance policies available?

There are primarily three types of car insurance policies available - Third-Party Car Insurance, Own Damage Car Insurance and Comprehensive Car Insurance.

Can I buy only Own Damage car insurance?

Yes, you can buy Own Damage insurance for car as a standalone policy; however, you still need to have a mandatory third-party insurance for your car as per the laws in India.

What is the difference between Standalone OD and Comprehensive Car Insurance?

Standalone OD insurance covers damage or loss to only your car, while comprehensive insurance covers damage or loss to both - your car and third-party liabilities.

Does Own Damage policy include Personal Accident cover?

Yes, Personal Accident Cover is mandatory for all car owners in India and can be availed when buying your Own Damage car insurance.

My driver was drunk at the time of my car accident. Will I be reimbursed for the damage to my car?

Driving under the influence of alcohol is not covered under Own Damage insurance, so in such a situation no claim will be entertained.

Is a Standalone OD policy for car optional in India?

Yes, OD car insurance is an optional insurance plan. However, one should buy it to protect your own car against any type of accidental damage.

Will I need any documents to renew own damage insurance for car?

No, with Digit you only need to follow a few simple steps after vising our website or app to renew own damage insurance for car, as no documents are required.

Can I transfer Standalone OD Car Insurance to a new owner?

Yes, you can transfer Standalone OD Car Insurance to a new owner, but the premium might change based on the new car owner's profile.

For how long is the Standalone OD car insurance valid?

A private car Standalone Own Damage Policy is valid for a year and must be renewed each year. This is applicable to all new and old cars.

Can I buy add-ons with OD car insurance?

Yes, Own Damage insurance for car allows you to choose from around 10 add-ons available to enhance your OD coverage.

Does a basic car insurance policy cover own damage as well?

No, the own damage component is covered only under the comprehensive car insurance policy and not under the third-party car insurance plan.

How many times can I claim Own Damage car insurance?

You can file as many claims as you want under the Standalone Own Damage car insurance policy. However, the same will depend on your insurer’s policy so you should check with your insurer.

Can I customize the Standalone Own Damage (OD) policy?

Yes, you can purchase car insurance add-ons based on your needs that can help customize your OD car insurance policy.

Is there a waiting period for OD car insurance?

Generally, there is no waiting period for Own Damage car insurance; however, certain damage or loss due to theft might have specific waiting periods as per insurer’s policy terms.

Written By

Manasvi Gupta

Reviewed by:

Mayur Kacholiya