Go Digit Life Insurance Limited (Digit Life), a leading new-age digital insurer, has launched its first individual pure-term life insurance plan, “Digit Glow Term Life Insurance.” Designed to cater specifically to the evolving needs of India’s self-employed population, the plan aims to simplify insurance access for over 300 million* self-employed individuals, including gig workers, small business owners, and professionals.
Digit Glow Term Life Insurance addresses the unique challenges faced by self-employed individuals, such as fluctuating income and lack of formal income proof, by leveraging tech-enabled underwriting models and alternative credit parameters. The plan offers comprehensive protection with coverage ranging from ₹2.25 lakh to ₹1 crore, ensuring accessibility to individuals from lower-income groups.
Staying true to Digit Life’s mission of “Simplifying Insurance,” the plan is highly customisable, flexible, and entirely digital. From onboarding to claims settlement, the process eliminates traditional hurdles like lengthy paperwork and rigid documentation. Optional coverages include accidental death, total and permanent disability due to accidents, and terminal illness, along with flexible policy terms and premium payment options.
In addition to financial security, the plan offers over 15 complimentary wellness benefits such as teleconsultations, discounts on diagnostic tests, chronic care programs, therapy sessions, dental consultations, and elder care services.
Speaking at the launch, Sabyasachi Sarkar, MD & CEO of Go Digit Life Insurance, said, “Self-employed individuals are the backbone of our economy, yet they often struggle to secure adequate life insurance coverage due to traditional underwriting challenges. With Digit Glow Term Life Insurance, we aim to bridge this gap by simplifying access and making it truly inclusive for India’s self-employed workforce.”
This initiative underscores Digit Life’s commitment to increasing financial inclusion and ensuring affordable, accessible life insurance for India’s vast self-employed demographic.
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