Overview

As the name suggests, an auto rickshaw insurance is a type of commercial vehicle insurance policy, designed to protect and suit the needs of three-wheelers in India. It is mandatory, at least for all auto owners, to have third-party auto rickshaw insurance for financial protection from third-party liabilities and, even, a comprehensive auto for self-harm caused by accidents. Better cover rickshaw policy. Collision, natural disaster, fire and other such accidents.

Digit Insurance offers both such policies to auto owners, affordable and customized premium prices.

Importance

If you or your organization owns an auto-rickshaw, it is mandatory by law to purchase at least a liability only policy. It will cover you and your business financially in case of your rickshaw (s), causing damage and damage to third party property, person or vehicle.

If you use your auto rickshaw as a primary part of your business, it is advisable to purchase a standard or comprehensive package policy as it will allow your auto and owner-driver to use natural disasters, accidents, terrorist activities, fire. Will prevent any damage caused. Robbery and malicious act among other unforeseen circumstances.

An auto-rickshaw that comes with a valid insurance assures your customers / travelers that you are a responsible business and about your job.

An insured auto-rickshaw ensures that your business does not face any unplanned losses or downtime, which means that you can spend your money and time towards other aspects of your business.

Coverd

✶ Widespread garages

1400+ Cashless Network Garages for you to choose from across India

✶ 80% Advance Payment for Repairs

If you can't find any cashless garages nearby, we will pay 80% Advance payment to the garage of your choice.

✶ Doorstep Pickup & Repair

Doorstep pickup, repair and drop with 6 months repair warranty - for repairs at our network garages

✶ High IDV per rupee

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

✶ 24*7 Support

24*7 call facility even on National Holidays

Not covered

It is equally important to know what is not included in your auto rickshaw insurance policy, so that when you make a claim there is no surprise. Here are some such situations:

✶ Self-harm for third-party policy holder

In case of a third-party liability only policy, the person who damaged the vehicle will not be covered.

✶ Drunk riding or without license

If the owner-driver of the insured auto-rickshaw is drunk or driving without a valid license

✶ contributory negligence

Any damage due to owner-driver's contributory negligence (eg driving in flood)

✶ resultant loss

Any damage which is not a direct result of accident / natural disaster etc.

Key Features

Right Way

Given the number of options available today, it is important to pick an insurance that is simple, reasonable, protects and covers you and your business in all possible situations and most importantly, guarantees to settle claims as soon as possible. After all, that’s the most important part of an insurance! Here are some tips that will help you get the right motor insurance for your three wheel vehicle: Right Insured Declared Value (IDV): IDV is the selling price of the manufacturer you want to insure (including its depreciation). Your premium will depend on it. When looking for auto rickshaw insurance online, make sure that your IDV is stated correctly. Service benefits: Consider services such as 24x7 customer support and a wide network of cashless garages among others. In times of need, these services matter. Review add-ons: When taking the right auto rickshaw insurance for your three-wheeler, consider the add-ons available to ensure maximum benefits. Claim speed: This is the most important aspect of any insurance. Choose an insurance company that you know will settle claims quickly. Best Price: The right premium and since services to claim settlements and add-ons; Choose an auto rickshaw insurance that conveniently covers everything you think you will need for the best possible price.

Given the number of options available today, it is important to pick an insurance that is simple, reasonable, protects and covers you and your business in all possible situations and most importantly, guarantees to settle claims as soon as possible. After all, that’s the most important part of an insurance!

Here are a few tips that will help you pick the right motor insurance for your three-wheeler:

• ✶ Right Insured Declared Value (IDV): IDV is the manufacturer’s selling price of the auto you want to insure (including its depreciation). Your premium will be dependent on this. While looking for the right auto rickshaw insurance online, make sure your IDV is stated correctly.
• ✶ Service Benefits: Consider services such as 24x7 Customer Support and a wide network of cashless garages, among others. In times of need, these services matter.
• ✶ Review Add-Ons: While picking the right auto rickshaw insurance for your three-wheeler, consider the add-ons available to ensure maximum benefits.
• ✶ Claim Speed: It’s the most important aspect of any insurance. Pick an insurance company you know will settle claims quickly.
• ✶ Best Value: From the right premium and after services to claim settlements and add-ons; pick an auto rickshaw insurance that conveniently covers everything you think you will need at the best possible value.

Some Points

Under Digit’s Commercial Vehicle Package Policy, we cover all kinds of autorickshaws such as: Petrol/Diesel Run Autorickshaw: One of the most common means of urban transportation in India, these are your usual TVS and Bajaj autorickshaws you see across the city. Electric Autorickshaw: A relative newbie to the three-wheeler family, an e-autorickshaw is primarily run by electric motors/solar panels or batteries, unlike the others that are run on petrol and diesel.

Under Digit’s Commercial Vehicle Package Policy, we cover all kinds of autorickshaws such as:

• ✶ Petrol/Diesel Run Autorickshaw: One of the most common means of urban transportation in India, these are your usual TVS and Bajaj autorickshaws you see across the city.
• ✶ Electric Autorickshaw: A relative newbie to the three-wheeler family, an e-autorickshaw is primarily run by electric motors/solar panels or batteries, unlike the others that are run on petrol and diesel.

Mandatory Facts

Yes, according to the Motor Vehicles Act in India, it is mandatory for all vehicles to have at least Liability Only Policy. Without it, it would be illegal to ride an auto rickshaw in India. However, if you are using your auto rickshaw as your primary source of income or as part of a business, then it is advisable to have a standard package policy, as not only will your auto rickshaw be used by a third party Covers losses but also covers losses for your own vehicle and owner-driver.

Yes, according to the Motor Vehicles Act in India, it is mandatory for all vehicles to have at least liability only policy. Without it, it would be illegal to ride an auto rickshaw in India.

However, if you are using your auto rickshaw as your primary source of income or as part of the business, it is advisable to have a standard package policy, as not only third party Damage covers your auto rickshaw but also covers damage to your own vehicle and owner-driver.

Why is important?

To protect your daily business from any damage that may be caused by any small or major accident, collision and even natural disaster. To protect oneself from liabilities and troubles of a third party; By law, every vehicle including auto in India should have at least third party policy. To ensure the safety of your passengers. If you take a comprehensive auto rickshaw insurance then you can also opt for our passenger cover. This will ensure the safety of both your auto and its passengers.

• â–º To protect your daily business from any small or major mishap, collision and even natural disaster.
• â–º To protect oneself from liabilities and troubles of a third party; By law, every vehicle including an auto in India should have at least a third party policy.
• â–º To ensure the safety of your passengers. If you take a comprehensive auto rickshaw insurance then you can also opt for our passenger cover. This will ensure the safety of both your auto and its passengers.

Some Different

The main difference between the two is that, an auto is primarily being used for commercial purposes and carries several numbers of passengers in a day. Moreover, what makes an auto insurance different from other commercial vehicle insurances, is that it’s generally smaller in size and is therefore less risky. This is also why you may find that a commercial vehicle insurance for an auto rickshaw would be a lot cheaper than one of a truck or a bus.

The main difference between the two is that, an auto is primarily being used for commercial purposes and carries several numbers of passengers in a day. Moreover, what makes an auto insurance different from other commercial vehicle insurances, is that it’s generally smaller in size and is therefore less risky. This is also why you may find that a commercial vehicle insurance for an auto rickshaw would be a lot cheaper than one of a truck or a bus.

Comperison

It can be tempting to pick the cheapest auto rickshaw insurance available. However, while comparing different auto insurance quotes, consider factors such as service benefits and claim settlement periods. Weight in key factors is important to ensure your three-wheel vehicle and business is safe from all obstacles: Service Benefits: Great services really matter in times of trouble. Be sure to evaluate the services that each insurance company is offering and make a sound choice accordingly. Some of the other services digit offers are 24 * 7 customer care support and cashless at 2500+ garages among other services. Quick Claim Settlement: The whole point of insurance is to settle your claims! Therefore, make sure that you choose an insurance company that will guarantee quick claim settlement. 96% of Points claims are settled within 30 days! Additionally, we have a zero-hardcopy policy, which means that we only ask for soft copies. Everything is paperless, quick and hassle free! Check your IDV: A low IDV (Insured Declared Value) in many auto rickshaw insurance quotes online, I. The manufacturer's selling price is three-wheeler. While IDV affects your premium, it also ensures that you settle. Get your correct claim at the time of. The last thing you want during a theft or damage is to find out that your IDV was underpriced / incorrect! At Digit, we give you the option to set your IDV when purchasing your commercial vehicle insurance policy online. Best Price: Finally, choose an auto insurance that gives you a good combination of all of this. Perfect prices, services and of course, quick claims!

It can be tempting to pick the cheapest auto rickshaw insurance available. However, while comparing different auto insurance quotes, consider factors such as service benefits and claim settlement periods.

Weighing in important factors is important to ensure your three-wheeler and business are safeguarded against all the odds:

• ✶ Service Benefits: Great services really matter in times of trouble. Make sure to evaluate services each insurance company is offering and make a sound choice accordingly. Some of the services Digit offers are 24*7 Customer Care Support and Cashless at 2500+ Garages among other services.
• ✶ Quick Claim Settlement: The whole point of insurance is to get your claims settled! So, make sure you pick an insurance company that will guarantee quick claim settlements. 96% of Digit’s claims are settled within 30 days! Additionally, we have a zero-hardcopy policy, which means we only ask for soft copies. Everything is paperless, quick and hassle-free!
• ✶ Check your IDV: A lot of auto rickshaw insurance quotes online will have a low IDV (Insured Declared Value), I.e. the manufacturer’s selling price three-wheeler. While the IDV affects your premium, it also makes sure you get your right claim at the time of a settlement. The last thing you want during a theft or damage is to find out your IDV was low/at the wrong value! At Digit, we give you the option to set your IDV while buying your commercial vehicle insurance policy online.
• ✶ Best Value: Finally, pick an auto insurance that gives you a fair combination of it all. The right price, services and of course, quick claims!

Factors About the Auto Rickshaw Insurance

Following are the factors that will affect your Auto Rickshaw Insurance Premium? Model, Engine & Make of the Vehicle: For any kind of motor insurance, the model, make and engine are extremely important in determining the right insurance premium. Therefore, your auto rickshaw insurance will primarily depend on the model and make of your rickshaw, type of fuel, its manufacturing year and additional features, amongst others. Location: The place you register and choose to ride your rickshaw matters a lot when deciding your insurance premium. Metropolitan cities with a lot of traffic, crime and accident rates would obviously charge a higher premium, while safer and smaller cities may charge a lesser insurance premium. No-Claim Bonus: If you’ve already had an auto rickshaw insurance before and are currently looking to renew your policy or get a new insurer- then in this case your NCB (No Claim Bonus) will also be considered, and your premium will be at a discounted rate! A No-Claim Bonus means your auto rickshaw hasn’t had a single claim in the previous policy term. Type of Insurance Plan: There are primarily two kinds of insurances available for all commercial vehicles, including auto rickshaws. Your insurance premium price will depend on the kind of plan you choose. While the compulsory, liability only plan comes with a lesser premium- it only covers third party damages or losses caused to a third-party and the owner; whereas a standard package policy may be higher in premium but, would also cover damages and losses to our own auto and its owner-driver.

Following are the factors that will affect your Auto Rickshaw Insurance Premium?

• ✶ Model, Engine & Make of the Vehicle: For any kind of motor insurance, the model, make and engine are extremely important in determining the right insurance premium. Therefore, your auto rickshaw insurance will primarily depend on the model and make of your rickshaw, type of fuel, its manufacturing year and additional features, amongst others.
• ✶ Location: The place you register and choose to ride your rickshaw matters a lot when deciding your insurance premium. Metropolitan cities with a lot of traffic, crime and accident rates would obviously charge a higher premium, while safer and smaller cities may charge a lesser insurance premium.
• ✶ No-Claim Bonus: If you’ve already had an auto rickshaw insurance before and are currently looking to renew your policy or get a new insurer- then in this case your NCB (No Claim Bonus) will also be considered, and your premium will be at a discounted rate! A No-Claim Bonus means your auto rickshaw hasn’t had a single claim in the previous policy term.
• ✶ Type of Insurance Plan: There are primarily two kinds of insurances available for all commercial vehicles, including auto rickshaws. Your insurance premium price will depend on the kind of plan you choose. While the compulsory, liability only plan comes with a lesser premium- it only covers third party damages or losses caused to a third-party and the owner; whereas a standard package policy may be higher in premium but, would also cover damages and losses to our own auto and its owner-driver.