Digit insurance

Digit car insurance is known for its quick and hassle-free self inspection and motor claims settlement process. The company has a wide range of cashless garages and it provides free pickup and drop facility with six-month’s repair guarantee. Digit’s policies also provide additional personal accident coverage for co-passengers other than the car owner at an additional cost. • Facilitates instant car inspection and quick claim settlement process. • A network of more than 5,800 cashless garages. • Covers any damages and losses related to third-party vehicles or property, natural calamities such as floods, accidents and collisions, theft. • No claim bonus for up to 50% with a claim-free year. • Option to choose from seven add-on covers. • The policies can be renewed for up to three years. • Provides additional personal accident cover for co-passengers and paid driver • Option to customize the insured declared value (IDV) of car as per insured’s choice and thus adjust the premium accordingly. • Facility of doorstep pickup, repair and drop with six months warranty, only for repairs at Digit’s network garages. Third-Party Insurance Third-party insurance policy is mandatory coverage for any vehicle. This policy provides financial protection to the insured from any legal liability arising due to any loss or damage caused to third person or property up to INR 7.5 lakh. Third party car insurance does not come along with any add-ons; however, personal accident cover for owner-driver i...

About Digit Insurance Digit Insurance provides digital insurance solutions. It offers an online platform for users to avail of various types of insurance services, including car insurance, life insurance, health insurance, and property insurance. The company was formerly known as Oben General Insurance. It was founded in 2016 and is based in Bengaluru, India. Digit Insurance's Products & Differentiators Digit Health Care Plus A comprehensive health insurance plan with simple online processes, no age-based co-payment, no room rent restriction, the option to bump up sum insured, a large network of hospitals pan India for cashless claims. The product is designed to suit youngsters, families, old & wise, fitness enthusiasts, corporate hotshots, employees and finally, value seekers. Customers can choose from three options - Smart, Comfort and Comfort Pro based on what suits their needs best. Health Plans & Benefits Management 744 items Companies developing or offering digital platforms and services, including online insurance marketplaces, data analytics for claims adjustment, benefits administration, and payments systems, that help make private health insurance more affordable, navigable, or transparent. Jun 8, 2023 Premium Domestic private equity player TVS Capital Funds, a backer of companies like PhonePe, InsuranceDekho, Digit Insurance, Five Star Business Finance and Yubi (erstwhile CredAvenue), among others, has roped in another top executive from global management consul...

Go Digit General Insurance Ltd, a prominent player in the general insurance segment, has received an approval from the Insurance Regulatory and Development Authority of India (IRDAI) to launch its life insurance business. This significant development marks a major expansion for the company, which has until now focused primarily on general insurance products. With the IRDAI’s approval, the company will now be able to leverage its expertise and customer base to introduce innovative life insurance offerings that cater to the evolving needs of Indian consumers. Indian cricketer Virat Kohli and his wife, actress Anushka Sharma, are among the investors in the firm. Go Digit has demonstrated a strong track record in terms of financial stability, efficient claims, customer satisfaction, and other factors that have played a crucial role in obtaining this approval. The approval to Go Digit will be the fourth life insurance business licence issued by IRDAI this year. With this, the total number of life insurance companies operating in India has gone up to 26. IRDAI approval ahead of Go Digit IPO The entry of Go Digit into the life insurance sector is expected to enhance competition in the market, leading to improved product offerings and more customer-friendly services. The IRDAI approval is a significant development for Go Digit General Insurance, which is in the process of going public. Go Digit General Insurance re-submitted preliminary initial public offering (IPO) papers with ma...

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Digit Insurance. Life is risky and uncertain. We don't know what is waiting for us. One may face an untimely death or lose a limb anytime. Accidents do not appear after knocking on your front door, we just meet with it unexpectedly. Digit Insurance is a security provider for all the insecurities that may occur in one's life. It has got a range of insurance policies such as Bike Insurance, Commercial Vehicle Policy, Car Insurance Policy, Health and Travel Insurance Policies, and more, which are aimed to get its users covered without any hassles. Read the Digit Insurance success story below, where you will get to know everything about Digit, its Startup Story, Founders and Team, Funding and investors, Challenges, and more. Digit Insurance - Company Highlights Company Name Digit Insurance Headquarters Sector Founder Kamesh Goyal Founded 2017 Valuation $4+ Billion (as of May 2022) Revenue $311.83 mn (Rs 2,324 crore in FY21) Funding $530.8 mn (2021) Website godigit.com Digit Insurance - About Digit Insurance is a • Go Digit health insurance • Go Digit car insurance • Digit 2-wheeler insurance or GoDigit bike insurance for bikes • Go Digit commercial vehicle insurance • Go Digit travel insurance Digit Insurance - Startup Story Previously bread had to be sliced from loaves. It wasn't simpler like today's slices. Pe...

India's insurance regulator has granted approval for Go Digit Life Insurance, which will be backed by Canadian billionaire Prem Watsa's Fairfax Financial Holdings. The new firm will become the country's 25th life insurer and is expected to start with an initial capital of INR7bn-INR10bn ($95m-$136m). Fairfax is likely to hold a 30%-40% stake in the joint venture initially, with Go Digit Infoworks owning 80% of Go Digit Life. The life insurer may also place minority stakes with certain banks to strengthen its bancassurance network. India’s life insurance sector clocked a new business premium of ₹.3.7 trillion in 2022-23. Currently, Watsa’s Fairfax, in a tie-up with insurance industry veteran Kamesh Goyal, owns Go Digit General Insurance Ltd, a general insurance company. The new life insurance joint venture is likely to have Fairfax effectively holding a 30-40 % stake initially, according to a person familiar with Go Digit’s plans. The company may start with an initial capital of ₹700 crore- ₹1,000 crore, the person said on the condition of anonymity. Go Digit Infoworks, as the holding company, will own 80% of Go Digit Life. Later, the life insurance company may place minority stakes with certain banks to strengthen its bancassurance network. This may lead to a proportionate reduction in stakes held by the partners, including Fairfax, the person added. Apart from Digit Insurance, Fairfax’s investments in India include Bengaluru International Airport, IIFL companies, National...

• • • • • • • • • • Contract News • Deal News • Suppliers • Videos • Company Insight • • • • • Contract News • Deal News • Suppliers • Videos • Company Insight • • • • • • • • • • • • • • • • • Deal News • Contract News • Suppliers • Videos • Company Insight • • • • • • • • • Contract News • Deal News • Suppliers • Videos • Company Insight • • Suppliers • Whitepaper A-Z • Insurance Services • Life Insurance • Technology • General Insurance • Products • Videos • Company Insight • • • • Digit Insurance is an Indian insurtech start-up led by a former Allianz chief executive created to make insurance a simpler and faster experience for customers. India isn’t the first country one might consider when thinking about insurance technology, but Digit Insurance, its first digital general cover provider, is making waves in the marketplace. The company just cleared two million customers and announced a 94% claims settlement rate, all despite being operational for only 16 months. Cover is offered for travel, mobile phones, bikes, cars and homes, with plans to expand into the health insurance market too. Founder and chairman of Digit Insurance, Kamesh Goyal, says he started it with the goal of making insurance simple and claims faster for customers. In an interview with Entrepreneur India, he says: “If there is one thing that would truly make a difference to people in the insurance context, it is busting the complexity of the industry and bringing in simplified insurance.” Here we take ...

Go Digit General Insurance Go Digital General Insurance Limited is one of the most popular non-life general insurance companies in India. This organization started out as Oben General Insurance Limited, which basically means ‘above’ in German. But this name was changed to Go Digit because ‘oben’ didn’t align with the focus of the company, which is on simplicity. Customers can purchase Go Digit General Insurance products through their digital platform. This organization was founded in 2016 and is currently based in Bengaluru, India. Go Digit is also backed by Fairfax, which is a financial holding company that is based out of Toronto, Canada. TThe unique selling point of Go Digit General Insurance Limited is that they provide simplified general insurance services to their customers. The main aim of the organization is also to make the whole process of insurance simpler and easier, from purchasing the policy to making claims and renewing the policy. You can find several different types of health insurance, bike insurance, mobile insurance, car insurance, commercial vehicle insurance, jewelry insurance, travel insurance, and home insurance. You can buy any of these policies by visiting their official website of the organization. Go Digit Insurance provides several exciting benefits to their customers for purchasing their insurances online. The insurance policies that are provided by Go Digit also stand apart from the insurance policies provided by other organizations. Go Digit...