Digit Life Insurance has entered the retirement solutions segment with the launch of the Digit Life Pension Plan, offering customers a choice between fully guaranteed lifelong income and a combination of guaranteed and market-linked retirement payouts.
The plan includes two variants: Digit Sukoon, which provides 100% guaranteed annuity income for life, and Digit Boss, which combines guaranteed annuity with returns linked to the performance of the Nifty 50 Index. The product is designed to address evolving retirement planning needs amid increasing life expectancy and rising inflation.
Customers can choose from immediate or deferred annuity options, flexible premium payment modes, and multiple payout frequencies. The plan is available for both individual and group customers and offers features such as joint-life options, spouse income continuity, liquidity benefits, and critical illness-related provisions.
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With this launch, Digit Life Insurance aims to strengthen its portfolio across protection, savings, and retirement solutions while providing customers with greater flexibility and long-term financial security.
