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 seems to deal with limitations comparable to stringent documentation and prolonged procedures that sometimes forestall the self-employed from acquiring life insurance coverage protection.
Your complete buyer journey, from preliminary onboarding to the settlement of claims, is carried out by a completely digital platform.
Digit Life’s providing makes use of tech-enabled underwriting fashions that depend on different credit score assessments and distinct knowledge factors to accommodate the variable earnings and casual earnings proof usually related to self-employment.
The plan contains elective covers for unintentional dying, whole and everlasting incapacity, and terminal diseases.
Prospects can select from a spread of coverage phrases and premium fee choices to swimsuit their particular person wants.
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The plan additionally comes with teleconsultations, reductions on health-related assessments, elder care programmes and remedy periods at no further value.
Digit Life MD & CEO Sabyasachi Sarkar acknowledged: “Self-employed people are important to India’s economic system however usually lack life insurance coverage as a result of underwriting challenges. With Glow Time period Life Insurance coverage, we purpose 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 permits 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 fully on the cloud and has API (utility programming interface) integrations with numerous channel companions to reinforce its service supply.