Digit Glow Plus Term Plan: A Complete Guide

Digit Glow Plus Term Plan focuses on pure life cover with flexible payout options and features. At Ditto, our experts go through policy details and break down complex concepts into simple, clear insights. This guide helps you understand whether the Digit Glow Plus Term Plan fits your needs. 

About the Insurer: Go Digit

Digit is a prominent player in the general insurance space, offering health and motor insurance. Go Digit Life Insurance Limited, incorporated in December 2021, is the life insurance arm of the Go Digit group. Licensed in 2023, it offers digital-first term plans like Digit Glow and Glow Plus. In FY25, it served over 6.7 million customers.

Note: Since Go Digit received its life insurance license recently, there is limited historical data on metrics like complaint volume, Claim Settlement Ratio and Amount Settlement Ratio. As a result, its long-term claims performance remains untested and will need time to assess.

What Are the Key Features of Digit Glow Plus Term Plan?

• Inbuilt Accelerated Terminal Illness Benefit

If you get diagnosed with a terminal illness during the policy term, a portion of the death benefit is paid early to help with urgent needs.  The payout shall be equal to the death benefit under the policy or ₹2 crore, whichever is lower.

If the death benefit exceeds ₹2 crore, the payout is capped at ₹2 crore. After this payout, all future premiums are waived, and the policy continues with the remaining coverage until death or policy end.

• Smart Exit Benefit

After completion of 29 policy years (excluding the last five), you may exit early and receive 100% of premiums paid if no claim has been made.

• Pay-Later Option

This built-in feature allows you to defer premium payments for up to 12 months after paying at least three years of premiums, keeping your coverage active during the break. This is applicable only after the completion of three policy years.

• Optional Accident Benefits

You can opt for Accidental Death Benefit and Accidental Total & Permanent Disability (ATPD) benefits at inception to enhance protection. 

Note: Digit Glow Plus Term Plan does not include a critical illness benefit or rider, which means it does not provide payouts for major illness diagnoses.

• Wellness Benefit Program

The life assured has access to a total of 17 services, including physiotherapy and home care services, designed to support a healthy lifestyle.

The listed premiums are for a non-smoker profile, male with sum assured (SA) of ₹2 crore (coverage till age 70, without first year discounts).

Key Insight: Digit Glow Plus comes at a lower price when compared to plans offered by established insurers like Axis Max or Bajaj Life.

Note: As per IRDAI, if the policyholder dies by suicide within the first year of buying or reviving the policy, the insurer will reject the claim and refund around 80% of the total premiums.

Why Choose Ditto for Term Insurance?

At Ditto, we’ve assisted over 8,00,000 customers with choosing the right insurance policy. Why do customers like Vijay below love us:

• No-Spam & No Salesmen
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• Dedicated Claim Support Team
• 100% Free Consultation

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Ditto’s Take on Digit Term Insurance

Go Digit Life Insurance is a well-capitalized but relatively young insurer offering modern, flexible term plans with a strong solvency position. Digit Life’s individual business is still developing, and most of its recent business comes from group insurance plans. 

If you are looking for a term plan from insurers with established track records and affordable riders, we recommend comprehensive plans, which align with your long-term goals. Explore more about how our experts evaluate term plans through Ditto’s cut.

Note: Ditto is not a partner of Digit Insurance. All information in this article is based on details available on Digit’s official website and other publicly available sources.