Electric Bike Insurance

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EV Bike Insurance for Electric Bikes, Scooters & Two-Wheelers in 2024

What is Electric Bike Insurance?

Why Should You Buy Electric Bike Insurance?

What’s Covered in Electric Bike Insurance by Digit?

Bike Accident

Accidents

Damages and losses that may arise due to an accident or collision

Bike Theft

Theft

Covers for your losses in case your electric two-wheeler is unfortunately stolen!

Bike got fire

Fire

Damages and losses to your electric two-wheeler in case of an accidental fire!

Natural Disaster

Natural Disasters

Damages caused to your electric two-wheeler due to nature’s many furies, such as due to floods, cyclones, etc.

Personal Accident

Personal Accident

Covers for your expenses in cases where you’ve hurt yourself too bad!

Third Party Losses

Third Party Losses

When a person, a vehicle or a property is hurt or damaged due to your bike's actions.

What's Not Covered?

It is equally important to know what’s not covered in your electric two-wheeler insurance policy, so that there are no surprises when you make a claim. Here are some such situations:

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Own Damages for Third-Party Policy holder

In the case of a Third-Party Bike Insurance or Liability Only Bike Policy, damages to own vehicle won’t be covered. 

Drunk Driving or without a Licence icon

Drunk Driving or without a Licence

Your electric bike insurance won’t cover for you in situations where you were riding drunk or without a valid two-wheeler licence.

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Driving without a Valid Licence Holder

If you hold a learner’s licence and were riding your two-wheeler without a valid licence-holder on the pillion seat- then your claim in those situations won’t be covered.

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Consequential Damages

Any damage which is not a direct result of the accident (e.g. after an accident, if the damaged two-wheeler is being used incorrectly and the engine gets damaged, it is considered as consequential damage and it will not be covered)

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Contributory Negligence

Any contributory negligence(e.g. damage due to driving a two-wheeler in a flood, which is not recommended as per the manufacturer’s driving manual, will not be covered)

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Add-ons not Bought

Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.

Add-on Covers with Electric Bike Insurance by Digit

You can opt for the following two-wheeler add-ons under electric scooter insurance:

EV Shield Add-on Cover icon

EV Shield cover

EV Shield add-on covers loss or consequential damage to your e-bike or Hybrid Vehicles (petrol/diesel + electric), including loss or damage to the electrical panel for the vehicle charging point, vehicle charger, including charging cable, and roadside assistance services related to vehicle’s battery issues.

Zero Depreciation Cover icon

Zero Depreciation Cover

A zero-depreciation cover ensures no depreciation of electric bike parts is taken into consideration, so you get the full value of the cost of repair/replacement during claims.

Return to Invoice Cover icon

Return to Invoice Cover

This add-on protects you in case your electric bike is stolen or damaged beyond repair. With return to invoice add-on, you get back the complete amount of your bike’s invoice value, including the road tax and registration fees for the same.

Engine and Gear-box Protection Cover icon

Engine & Gear-box Protection Cover

With the engine and gear-box protection add-on cover, you can cover your two-wheeler's engine and gearbox for any consequential damage caused post the accident. 

Only damage due to water regression, leakage of lubricating oil, and undercarriage damage is covered.

Consumable Cover icon

Consumable Cover

Consumable cover provides an additional shield to your two-wheeler by covering the cost for all your bike’s nitty-gritties such as screws, nuts and bolts, grease, etc. in the event of an accident.

Breakdown Assistance icon

Breakdown Assistance

By opting for roadside assistance add-on you ensure that your insurer is there for you and your electric bike in case of any breakdowns – and the best part of this add-on is that it doesn’t count as a claim!

Tyre Protect Cover icon

Tyre Protect

The tyre protect add-on cover is applicable only if your e-bike is fitted with run flat technology. Under this, you get compensation for the cost of replacing damaged tyres with equivalent or near equivalent to the one being used in the vehicle, labour and wheel balancing.

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Daily Conveyance Benefit

Daily conveyance benefit compensates you for transportation cost incurred when your electric bike is under repair, subject to applicable time excess.

Why Choose Electric Bike Insurance by Digit?

Your bike insurance not only comes with a super easy claim process, but also with the option to choose a cashless settlement

Cashless Repairs

Cashless Repairs

4400+ Cashless Network Garages for you to choose from across India

Smartphone-enabled Self Inspection

Smartphone-enabled Self Inspection

Quick and Paperless claims process through a Smartphone-enabled self-inspection process

Super-fast Claims

Super-fast Claims

Average turn around time for two-wheeler claims is 11 days

Customize your Vehicle IDV

Customize your Vehicle IDV

With us, you can customize your vehicle IDV as per your choice!

24*7 Support

24*7 Support

24*7 call facility even on National Holidays

Key Features of Electric Bike/Scooter Insurance by Digit

Key Features Digit Benefit
Premium  Starting from ₹457 
Customizable Add-Ons  9 add-ons available 
Cashless Repairs  Available at 4400+ Garages with Doorstep Pickup & Drop 
Claim Process  Smartphone-enabled Claim process. Can be done online within 7 minutes! 

Electric Bike Insurance Plans That Fit Your Needs

Third Party Liability

A Third-party Electric Bike Insurance is the most common and cost-effective type of bike insurance in which only damages and losses caused to a third-party person, vehicle or property are covered. Also, remember that you must have at least a third-party policy as it is mandatory by law in India.

Comprehensive Insurance Plan

Comprehensive e-Bike Insurance offers enhanced protection and covers both third-party liabilities and damage to your own bike as well. It also allows you to buy add-ons, thus offering complete protection to your vehicle.

Standalone Own Damage Plan

The Own Damage plan provides coverage against loss and damage due to accidents and collisions, natural calamities, fires, and thefts only for your own electric bike.

Third-Party vs Comprehensive vs Own Damage Electric Bike Insurance Policy

Third Party

Comprehensive

Own Damage

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×
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Electric Bike Insurance Own Damage Premium Price

Registration Year Premium (for Own Damage only policy)
June 2022  1,545 
June 2023  1,881 
June 2024  2,241 

Disclaimer - The premium calculation is done for Ather PLUS E BIKE Electric 123, excluding GST, for ex-showroom Delhi, given no add-ons are added, previous policy is not expired, & IDV is the lowest available.

How to Buy Digit Electric Bike Insurance Policy Online?

Step 1

On the Digit app or website, enter bike’s registration number, select the policy status and click on ‘View Prices’.

Step 2

Select the plan, add-ons and click on ‘Continue.’

Step 3

Enter your personal, nominee and vehicle details and click on ‘Pay Now.’

Step 4

Complete the payment and mandatory KYC verification process.

Step 5

You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.

Documents Required to Buy e-Bike Insurance Online

How to File Electric Bike Claim with Digit?

After you buy or renew your electric two-wheeler insurance plan with us, you can forget about complicated processes as we have a 3-step, completely digital claims process!

Step 1

Just call on 1800-258-5956. No forms to be filled.

Step 2

Get a link for Self-Inspection on your registered mobile number. Shoot your vehicle’s damage from your smartphone through a guided step by step process.

Step 3

Choose the mode of repair you wish to opt for i.e. Reimbursement or Cashless through our network of garages.

Electric Two-Wheeler Insurance Premium Calculator

List of Best Electric Bikes and Scooters in India in 2024

With the emergence of high-tech electric bike options in the Indian market, everybody is switching to environment-friendly two-wheelers. So, read here which are the top electric bikes in India and choose the one most suitable for you. 

SNo. Scooter Models Ex-Showroom Price*
1. OLA S1 X ₹89,999 onwards
2. Bounce Infinity E1+ ₹1.03 lakh onwards
3. Hero Electric Optima CX ₹1.07 lakh onwards
4. Hero Electric Photon ₹1.11 lakh onwards
5. Bajaj Chetak ₹1.15 lakh onwards
6. Ather 450X Gen 3 ₹1.26 lakh onwards
7. OLA S1 Pro ₹1.4 lakh onwards
8. TVS iQube ₹1.55 lakh onwards
9. Revolt RV 400 ₹1.14 lakh onwards
10. Tork Kratos R ₹1.37 lakh onwards
11. Hop Electric OXO ₹1.49 lakh onwards
12. PURE EV eTryst 350 ₹1.5 lakh onwards
13. Oben Rorr ₹1.55 lakh onwards
14. Odysse Evoqis ₹1.71 lakh onwards
15. Ultraviolette F77 ₹3.8 lakh onwards

*Note: The prices mentioned here are ex-showroom prices in Delhi.

FAQs about Electric Bike Insurance