In today’s world, insurance has become an essential safety net for individuals, providing financial security in the face of unexpected events. Among the many insurance companies offering a range of services, Digit Insurance stands out for its commitment to providing affordable and comprehensive coverage to its customers. Digit Insurance, a relatively new player in the Indian insurance market, aims to simplify the process of purchasing and managing insurance. I will delve into the different types of insurance offered by Digit, explore the benefits of choosing Digit Insurance, and explain why it’s a preferred option for many.
Introduction to Digit Insurance
Digit Insurance, founded in 2017, has quickly become one of the most well-regarded names in the Indian insurance sector. The company was established to make insurance more accessible, affordable, and simple for individuals and businesses alike. With a strong digital-first approach, Digit focuses on leveraging technology to offer hassle-free services to its customers. The company offers a wide variety of insurance products, including health, motor, travel, and home insurance, each designed to meet the unique needs of its policyholders.
Overview of Digit Insurance
Digit Insurance is a leading provider of digital insurance solutions in India, offering a wide range of affordable and customizable coverage options. The company focuses on simplifying the insurance process, making it quick and convenient for customers to buy and manage their policies online. Digit offers policies across various sectors, including health, motor, home, and travel insurance. With a strong emphasis on transparency, easy claims processing, and excellent customer service, Digit aims to make insurance more accessible to individuals and families. Its user-friendly platform allows customers to manage their insurance needs effortlessly.
| Attribute | Details |
| Company Name | Digit Insurance |
| Founded | 2017 |
| Headquarters | Bangalore, India |
| Industry | General Insurance |
| Key Products | Health Insurance, Motor Insurance, Travel Insurance, Home Insurance |
| Target Market | Individual policyholders, Families, Businesses |
Types of Insurance Policies Offered by Digit
Digit Insurance offers a wide array of insurance products that provide coverage for various aspects of life. The company’s main objective is to provide financial protection while ensuring that its products are simple to understand and affordable. Below is a detailed look at some of the most popular insurance policies offered by Digit:
Health Insurance
Health insurance is one of the most essential types of coverage that everyone should have. Digit Insurance offers various health insurance plans designed to meet the medical needs of individuals and families. These plans cover a range of medical expenses, including hospitalization, surgeries, diagnostic tests, and more. The company’s health insurance policies come with several benefits, such as cashless treatment, coverage for pre-existing diseases after a waiting period, and an easy-to-use digital platform for managing claims.
| Policy Type | Coverage | Pre-existing Disease Coverage | Cashless Network Hospitals | Claims Process |
| Individual Plan | ₹1L – ₹10L | Covered after 36 months | 3000+ hospitals | Easy online process |
| Family Floater Plan | ₹3L – ₹20L | Covered after 36 months | 3000+ hospitals | Simple, quick claims |
Motor Insurance
Motor insurance is a legal requirement for vehicles in India. Digit offers both third-party motor insurance and comprehensive motor insurance for cars and two-wheelers. Comprehensive motor insurance policies cover both own damage and third-party liabilities, ensuring that you are protected in case of accidents, theft, or damage. Additionally, Digit offers various add-ons to enhance your motor insurance policy, such as roadside assistance, zero depreciation, and engine protection covers.
| Policy Type | Coverage | Add-ons Available | Claim Process |
| Third-Party Liability | Third-party liability coverage | Roadside Assistance, Zero Depreciation | Easy online filing |
| Comprehensive Cover | Own damage + third-party | Tyre damage, Engine protection | 24×7 customer support |
Travel Insurance
Digit’s travel insurance is designed to make your travels more secure and worry-free. Whether you’re traveling within India or abroad, Digit offers a range of policies that protect against trip cancellations, medical emergencies, lost baggage, flight delays, and more. Their travel insurance policies are simple to purchase, easy to understand, and offer coverage for both individuals and families.
Home Insurance
Home insurance from Digit provides protection for your property and possessions from risks such as fire, burglary, and natural calamities. Digit offers customizable home insurance policies that can be tailored to fit the specific needs of your home and belongings, ensuring maximum protection against any unforeseen events.
Personal Accident Insurance
Personal accident insurance offers protection in case of accidents, providing coverage for accidental death, disability, and medical treatment. Digit’s personal accident insurance policies are designed to be affordable, offering financial security for you and your loved ones in case of any unfortunate incidents.
Why Choose Digit Insurance?
Digit Insurance has gained significant popularity due to its commitment to providing an easy, transparent, and affordable insurance experience. Below are some of the key reasons why people are increasingly choosing Digit Insurance:
Affordable Premiums
One of the primary reasons that people opt for Digit Insurance is its affordability. The company offers highly competitive premiums that are often lower than traditional insurers, making it easier for individuals and families to get the coverage they need. Digit has effectively used technology to streamline operations, thus passing on the savings to customers in the form of lower premiums.
Transparency and Simplicity
Unlike traditional insurance companies that often have complex terms and conditions, Digit provides straightforward policies with clear coverage details. This transparency ensures that policyholders fully understand what they are paying for and the benefits they are entitled to.
Digital-First Approach
Digit Insurance is a digital-first company, that allows customers to purchase, manage, and claim insurance policies online. This approach saves time and effort, making the insurance experience more convenient. With a user-friendly website and mobile app, customers can easily access their policy details, renew their coverage, and even track the status of claims.
Easy Claims Process
Digit offers a seamless claims process, designed to ensure that customers receive their payouts quickly and efficiently. Whether it’s for health insurance, motor insurance, or any other type of policy, Digit’s claims process is designed to minimize paperwork and maximize customer satisfaction. Customers can file claims online or through the mobile app, which further simplifies the process.
Excellent Customer Support
Customer service is at the heart of Digit’s business. The company has a highly responsive support team available 24/7 to assist with any queries or concerns. Whether it’s a question about your policy or a claim you need assistance with, Digit’s customer support team is just a phone call or email away.
Pricing of Digit Insurance Policies
Digit offers affordable insurance premiums, making it an attractive choice for budget-conscious individuals. The pricing for various insurance policies varies depending on factors such as coverage limits, policy type, and the policyholder’s details. Below is a general idea of the pricing for some of the popular insurance policies offered by Digit:
| Policy Type | Starting Premium | Coverage Range | Additional Benefits |
| Health Insurance | ₹3,000 – ₹10,000 | ₹1L – ₹10L | Pre-existing disease coverage after 36 months |
| Motor Insurance | ₹2,000 – ₹50,000 | Based on vehicle value | Zero depreciation, Engine protection |
| Travel Insurance | ₹500 – ₹5,000 | ₹50,000 – ₹5,00,000 | Trip cancellation, Medical cover |
| Home Insurance | ₹2,000 – ₹15,000 | ₹2L – ₹10L | Coverage against theft, fire, natural calamities |
The pricing above illustrates how affordable Digit’s insurance policies are for customers. Depending on the type of coverage you choose, premiums can be tailored to fit your budget while still providing comprehensive protection.
Wrapping Up
Digit Insurance has established itself as a leader in providing affordable, simple, and comprehensive insurance coverage for individuals and families in India. Whether you’re looking for health, motor, travel, or home insurance, Digit offers a wide range of products to cater to your needs. With transparent pricing, excellent customer service, and a seamless digital experience, Digit Insurance makes it easy for you to protect yourself and your loved ones. Consider choosing Digit Insurance for its affordable premiums, extensive coverage, and user-friendly services that ensure peace of mind in any situation.
Frequently Asked Questions
How can I file a claim with Digit Insurance?
Filing a claim with Digit Insurance is simple. You can log into their website or mobile app and initiate the claim process. You’ll be prompted to provide the necessary details and upload documents such as medical reports or accident photos. Claims are processed quickly for a hassle-free experience. If needed, you can contact their support team for assistance throughout the process.
Does Digit Insurance offer health insurance for senior citizens?
Yes, Digit Insurance offers tailored health insurance plans for senior citizens. These plans are designed to address the specific health needs of older individuals, with flexible coverage options. They include benefits like hospitalization expenses, daycare treatments, and pre- and post-hospitalization costs. The plans can be customized based on the coverage amount and limits. Additionally, the policy includes cashless treatments at network hospitals and access to a 24/7 helpline.
Can I modify my motor insurance policy with Digit?
Absolutely! Digit Insurance allows you to modify your motor insurance policy by adding a range of optional add-ons. You can easily select these add-ons to enhance your coverage at the time of renewal. If your needs change during the policy term, you can adjust your coverage by contacting their customer support. This flexibility ensures that your policy matches your evolving requirements.
What is the waiting period for pre-diseases in health insurance?
Digit Insurance has a waiting period of 36 months for pre-existing diseases in its health insurance policies. This means that any medical condition that you already have when you purchase the policy will be covered after three years of continuous coverage. During this period, you can avail of other benefits like hospitalization for new illnesses. The waiting period can vary based on the specific policy terms, so it’s advisable to check before purchasing.
Can I buy Digit Insurance’s for my family members?
Yes, you can buy Digit Insurance policies for your family members. They offer family floater health insurance plans that allow you to cover your entire family under one policy. This can include your spouse, children, parents, and even extended family members. The family floater plan provides the flexibility to customize coverage according to each family member’s needs. It’s a cost-effective way to ensure your loved ones are well protected.
How can I renew my Digit Insurance’s policy?
Renewing your Digit Insurance’s policy is quick and easy. You can renew it directly through their website or mobile app. Simply log into your account, select the policy you wish to renew, and review the details. You can make the payment through various methods like credit cards, debit cards, or net banking. After successful payment, your renewed policy documents will be sent to your email, and you’ll receive immediate coverage.
Does Digit offer coverage for critical illnesses?
Yes, Digit Insurance’s provides critical illness coverage as an add-on to their health insurance’s policies. This cover includes major life-threatening illnesses such as cancer, heart attack, stroke, kidney failure, and more. The critical illness cover offers a lump sum payout to help with medical expenses and daily living costs. It provides financial security in case of a serious diagnosis, ensuring you focus on recovery rather than worrying about expenses.
