Go Digit Life Insurance coverage (Digit Life) has launched Digit Glow Time period Life Insurance coverage, its inaugural particular person pure time period life insurance coverage plan, designed for India’s self-employed inhabitants.
This plan appears to handle boundaries corresponding to stringent documentation and prolonged procedures that sometimes forestall the self-employed from acquiring life insurance coverage protection.
All the buyer journey, from preliminary onboarding to the settlement of claims, is performed by way of a totally digital platform.
Digit Life’s providing makes use of tech-enabled underwriting fashions that depend on various credit score assessments and distinct information factors to accommodate the variable revenue and casual revenue proof typically related to self-employment.
The plan contains non-obligatory covers for unintentional dying, complete and everlasting incapacity, and terminal diseases.
Prospects can select from a variety of coverage phrases and premium cost choices to swimsuit their particular person wants.
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The plan additionally comes with teleconsultations, reductions on health-related checks, elder care programmes and remedy classes at no additional price.
Digit Life MD & CEO Sabyasachi Sarkar acknowledged: “Self-employed people are very important to India’s financial system however typically lack life insurance coverage because of underwriting challenges. With Glow Time period Life Insurance coverage, we goal to bridge this hole by simplifying entry and making it inclusive for India’s self-employed workforce.”
In 2023, Go Digit Life secured a life insurance coverage enterprise licence from the Insurance coverage Regulatory and Improvement Authority of India.
Backed by Canadian Fairfax group, it allows the corporate to supply life insurance coverage merchandise throughout India.
It stands out as one of many few non-life insurers in India to function completely on the cloud and has API (utility programming interface) integrations with numerous channel companions to boost its service supply.
