Life Insurance
GoDigit Life Insurance
Go Digit Life Insurance is one of India’s newest life insurers. It received approval from the Insurance Regulatory and Development Authority of India (IRDAI) in June 2023 and became the country’s 26th life insurer. It operates as a separate unlisted entity within the Digit group. The company entered the market with its first product, a group term plan, and started operations within about two weeks of receiving the licence. Go Digit Life is part of the larger Digit ecosystem, known for its digital-first and simplified approach to insurance. The group has also built a strong presence in the health and motor insurance market.
| Annual Business | ₹1,068.81 cr (FY 2024–25) |
| Claims Settled | NA |
| Claims settled within 30 days | NA |
Term Insurance offered by GoDigit Life Insurance
Digit Glow
Digit Glow Term Life Insurance is a non-linked, non-participating pure risk plan that provides life cover for the chosen policy term and helps financially protect your family in your absence.
Built-in features:
- Life cover protection::
Provides financial support to your family if something happens to you during the policy term.
- Flexible payment options::
Choose to pay the premium once, for a limited period, or throughout the policy term.
- Multiple payment frequencies::
Pay premiums in a way that suits you with annual, half-yearly, quarterly, or monthly options.
- Wellness benefits::
Offers wellness benefits to support the overall health of the life assured.
Riders Available Under the Policy:
- Additional Accidental Death Benefit (ADB)::
This optional rider gives an extra lump sum if death occurs due to an accident during the policy term. The death must occur within 180 days of the accident. You can add it at purchase by paying an extra premium. Once paid, the policy ends.
- Additional Accidental Total and Permanent Disability (ATPD) Benefit::
If the life assured faces total and permanent disability due to an accident, a lump sum is paid. After this payout, the ATPD cover ends, while the base policy and other active benefits continue.
- Accelerated Terminal Illness Benefit::
If a terminal illness is diagnosed during the policy term, the death benefit is paid early as a lump sum. The condition must be incurable and expected to cause death within 6 months, confirmed by two doctors. After payout, the policy ends.
Digit Glow Plus
Digit Glow Plus Term Insurance is a simple life insurance plan with no investment component. It provides life cover for a chosen period and helps financially protect your family. It also includes an inbuilt benefit that pays early on diagnosis of a terminal illness.
Inbuilt features:
- Accelerated terminal illness benefit::
If you are diagnosed with a terminal illness, part of the death benefit is paid early to handle urgent needs. The payout is up to ₹2 crore or the death benefit, whichever is lower. After this, premiums are waived, and the remaining coverage continues.
- Instant Claim Payout::
The insurer pays an immediate ₹1 lakh to the nominee at claim intimation to help manage urgent expenses like funeral costs and immediate family needs.
- Smart exit benefit::
After 29 policy years, except the last five, you can exit early and receive 100% of premiums paid if no claim has been made.
- Pay later option::
After three policy years, you can pause premium payments for up to 12 months while your cover stays active. This feature can be availed multiple times during the policy tenure with a gap of 5 years.
- Wellness benefit program::
Get access to health support services, including doctor consultations, physiotherapy and home care, to support your overall health.
Riders Available Under the Policy:
- Additional Accidental Death Benefit (ADB)::
If death occurs due to an accident during the policy term, and within 180 days of the event, an extra payout is made along with the base death benefit. The payout can be up to 100% of the sum assured.
- Additional Accidental Total and Permanent Disability (ATPD)::
If the life assured suffers total and permanent disability due to an accident, a lump sum is paid. This can be up to 100% of the sum assured and is paid in addition to other benefits. The claim must be made within 180 days.
Digit Glow Lite
Digit Glow Lite Term Life Insurance is a non-linked, non-participating micro life plan that offers pure risk cover. It provides life insurance for the chosen term and helps financially protect your family in your absence.
Inbuilt features:
- Life cover protection::
Provides financial security to your family in case of your absence during the policy term.
- Flexible payment options: :
Choose to pay the premium once, for a limited period, or throughout the policy term.
- Multiple payment frequencies: :
Pay premiums as annual, half-yearly, quarterly, or monthly, based on the policy type.
- Wellness benefits::
Offers wellness benefits to support the overall health of the life assured.
Riders Available Under the Policy:
- Additional Accidental Death Benefit (ADB)::
If death occurs due to an accident during the policy term, and within 180 days of the event, an extra payout is made along with the base death benefit. The payout can be up to 100% of the sum assured.
- Additional Accidental Total and Permanent Disability (ATPD)::
If the life assured suffers total and permanent disability due to an accident, a lump sum is paid. This can be up to 100% of the sum assured and is paid in addition to other benefits. The claim must be made within 180 days.
- Accelerated Terminal Illness Benefit::
If a terminal illness is diagnosed during the policy term, the death benefit is paid early as a lump sum. The condition must be incurable and expected to cause death within 6 months, confirmed by two independent doctors. Once paid, the policy ends.
GoDigit Life Insurance Term Insurance plan details
| Plan Name | Entry Age | Sum Assured | Policy payment options |
|---|---|---|---|
Digit Glow | 18 years to 65 years | ₹2.25 lakh to ₹1 crore | Annual, half-yearly, quarterly, and monthly |
Digit Glow Plus | 18 years to 65 years | ₹10 lakh to No Limit (Subect to underwriting) | Annual, half-yearly, quarterly and monthly |
Digit Glow Lite | 18 years to 65 years | ₹25,000 to ₹2 lakhs | Annual, half-yearly, quarterly, and monthly |