Go Digit Life Insurance Company
The Digital Icon Guaranteed Return Savings Plan is a non-linked, non-p ...Read More
A quick read on what this Go Digit Life Insurance Company term plan covers and why it might be a fit for you.
The Digital Icon Guaranteed Return Savings Plan by Go Digit Life Insurance is a non-linked investment plan. Your funds are not affected by market conditions, ensuring safe, secure, and stable returns.
This plan is ideal if you are looking for a life cover combined with a safe, zero-risk investment that offers guaranteed returns. It can help diversify your existing investment portfolio or secure funds for future life goals, such as buying a house or planning for your child's higher education. It effectively combines life coverage with a savings plan.
The Digital Icon Guaranteed Return Savings Plan offers a range of benefits, including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Digital Icon Guaranteed Return Savings Plan works with a simple premium illustration.
Mr. Sharma is looking for a plan that provides him with life coverage along with guaranteed returns on his investment.
While browsing, he visited PolicyX.com and booked a free appointment with an expert advisor. The advisor suggested Mr. Sharma buy the Digital Icon Guaranteed Return Savings Plan.
Mr. Sharma bought the Digital Icon Guaranteed Return Savings Plan. Let's understand how the plan works for him with a simple premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 30 years | Rs 1,25,928 | 70 years | 12 years | Rs 15,11,136 | Rs 1 crore |
Key Takeaways:
(i) In the event of Mr. Sharma’s unfortunate demise before he turns 60, death benefits worth Rs 2 crore will be paid to his nominee, and the policy will lapse.
(ii) In the event of Mr. Sharma’s unfortunate demise after he turns 60, death benefits worth Rs 1 crore will be paid to his nominee, and the policy will lapse.
Comprehensive Life Coverage:
The Digital Icon Plan offers life coverage that protects your family in case of your unfortunate demise during the policy tenure.
Guaranteed Returns:
This plan provides guaranteed returns irrespective of market volatility.
2X Sum Assured:
In case of the accidental death of the policyholder, their family will receive 2X the sum assured.
Tax Benefits:
The premiums paid for this plan are eligible for tax deductions under Section 80C of the Income Tax Act, 1961.
Key features that make Digital Icon Guaranteed Return Savings Plan stand out.
Multiple Plan Variants
This plan allows you to choose from multiple plan variants such as Income Benefit, Lump Sum Benefit, Income + Lump Sum Benefit, and Whole Life Benefit.
Additional Riders
This plan allows you to choose from additional riders, including accidental death, critical illness rider, etc.
Grace Period
Under this benefit, the insured gets 15 days for monthly premium payments and 30 days for other frequencies to pay the premium without any penalty.
Multiple Payout Options
This plan allows you to choose from multiple payout options, including lump sum, installment, or a combination of both.
Keep these documents handy when applying for Digital Icon Guaranteed Return Savings Plan.
Documents Required to Buy Digital Icon Plan
Here is the list of documents required to buy the Digital Icon Plan:
Photo ID Proof
Photo ID Proof (any one): Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (any one): Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Address Proof (any one): Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder, if requested.
Income Proof
Income Proof (any one): Bank statement, last three months' salary slips (if salaried).
Here are the key features of the Digital Icon Guaranteed Return Savings Plan.
| Key Advantages | Limitations |
| Guaranteed Benefits | Premium Offset |
| Additional Riders | High Sum Assured Rebate |
| Flexibility | Auto Cover Continuance |
| Tax Benefits | Top-up Premium |
The Digital Icon Plan, offered by Go Digit Life Insurance, provides dual benefits of life cover along with returns on your invested amount. This plan includes various additional benefits such as unlimited teleconsultations, mental health consultations, and health check-ups.
If you are still unsure whether the Digital Icon Plan is the right choice for you, contact us at PolicyX.com. We offer no spam, no gimmicks, and only expert insurance advice. Book an appointment with us today.
The 9 most-asked questions about Digital Icon Guaranteed Return Savings Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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