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 be like to handle limitations resembling stringent documentation and prolonged procedures that sometimes stop the self-employed from acquiring life insurance coverage protection.
The complete buyer journey, from preliminary onboarding to the settlement of claims, is carried out by means of a completely 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 usually related to self-employment.
The plan contains optionally available covers for unintended dying, whole and everlasting incapacity, and terminal sicknesses.
Prospects can select from a spread of coverage phrases and premium cost choices to go well with their particular person wants.
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The plan additionally comes with teleconsultations, reductions on health-related checks, elder care programmes and remedy periods at no additional value.
Digit Life MD & CEO Sabyasachi Sarkar said: “Self-employed people are very 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 solely on the cloud and has API (software programming interface) integrations with numerous channel companions to reinforce its service supply.
