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Go Digit Term Insurance: Overview
Go Digit Term Insurance offers term insurance, savings plans, ULIPs, and endowment plans, aiming to make insurance easy even for first-time buyers. The company emphasizes digital solutions for buying and managing insurance policies, ensuring a hassle-free experience. Digit Glow Term Insurance is one such offering by Go Digit Life Insurance that provides financial protection to your loved ones in case of your untimely death during the policy tenure.
Key Features of Go Digit Term Insurance
- 99.53% claim settlement ratio
- Super simple claim settlement process
- Simplified insurance documents
- Flexible premium payment options
- 80,000+ insurance partners
- Affordable premiums
- 5 crore+ customers to date
- Additional riders to choose from
Affordable Premiums
Go Digit Term Insurance plans offer affordable premiums, making them a good option for everyone looking for budget-friendly term plans.
Good Claim Settlement Ratio
Go Digit Term Insurance boasts a claim settlement ratio of 99.53%, indicating their efficiency in settling claims within a particular time frame.
5 Crore+ Customers
Go Digit Life Insurance has a vast customer base of over 5 crore, reflecting the trust they have built over time.
Simplified Plans
Go Digit aims to provide insurance plans that are simple and easy to understand, making them a viable choice for all.
Hassle-free Customer Experience
Go Digit has been dedicated to providing a seamless and hassle-free customer experience since its operations began.
Eligibility Criteria for Go Digit Term Insurance Plans
To purchase a Go Digit Term Insurance plan, certain eligibility criteria must be met. Let's understand them in detail:
Age
A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in the term insurance plan’s premium.
Health Condition
Since a Go Digit Term Insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine their current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
Income
A Go Digit Term Insurance plan has no specified minimum income requirement. However, they may ask for bank statement copies and salary slips to determine the coverage for your term plan.
Smoking Habits
If you smoke or have been a smoker in the past, you must disclose this information to the insurer. This is because smokers are exposed to severe health hazards like lung cancer.
Citizenship
Indian citizens can buy a Go Digit Term Insurance plan in India in their name. NRIs or PIOs can also avail the benefits of a term insurance plan in India.
Additional Benefits Offered by Go Digit Term Insurance Plans
Go Digit Term Insurance Plans offer various additional benefits to policyholders. Here are some of them:
Choice of Riders
Go Digit Term Insurance plans allow you to increase your coverage by choosing add-on riders like accidental death benefit, critical illness, and disability riders.
Health and Wellness Benefits
Digit Glow by Go Digit offers various additional wellness benefits, including doctor-on-call, wellness coach, lab services, and pharmacy services.
Flexible Premium Payment Term
Go Digit Term plans offer flexible premium payment terms, including monthly, quarterly, half-yearly, and yearly.
Limited Payment Term Option
Digit Glow Term Plan allows policyholders to choose from limited pay and regular pay options.
Tax Benefits
Go Digit Term Insurance plans offer tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961.
Riders You Can Avail With Go Digit Term Insurance Plans
You can avail of the following riders with your Go Digit Term Insurance plans:
| Rider Name | Benefit |
|---|---|
| Go Digit Accidental Death Rider | Offers additional benefits in case of the policyholder’s death due to an accident. |
| Go Digit Accidental Disability Rider | This rider offers the rider sum assured if the policyholder becomes partially or totally disabled due to an accident. |
| Go Digit Critical Illness Rider | If the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure, rider benefits are paid to them. |
Documents Required to Buy Go Digit Term Insurance Policy
Here are the documents required to buy a Go Digit Term Insurance Plan:
- Photo ID Proof: Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
- Age Proof: Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
- Address Proof: Any one of the following: Utility bill, passport, voter ID, ration card.
- Medical Records: Medical records of the policyholder (if requested).
- Income Proof: Any one of the following: Bank statement, last three months' salary slips (for salaried individuals).
How to Calculate Premiums and Buy a Go Digit Term Insurance Plan
Follow these steps to calculate premiums and buy a Go Digit Term Insurance plan:
- Visit the official website of Go Digit Life Insurance.
- Hover over ‘Life’ from the top menu and click on 'Term Life Insurance'.
- Fill in your necessary details, including your date of birth, annual income, and mobile number.
- Provide additional details such as policy tenure, premium payment tenure, and sum assured.
- Make the payment as displayed on the payment page.
Once the payment is made, you will receive a premium receipt via email.
How to File a Go Digit Term Insurance Plan Claim?
The claim settlement process for the Go Digit Term Insurance Plan is very simple and hassle-free. The insurance provider offers options for settling a claim both online and offline. Below is the process to easily submit and settle your claim:
Online Process
- Claim Reporting: Report your claim by visiting the customer support ('Claim with Ease') section of the Go Digit website. You can also send your details via 1800-258-5956 or [email protected].
- Claim Review: Go Digit's customer support staff will review your claim form and assist you at every step. They will then evaluate your claim and notify you of any pending documents.
- Claim Approval and Settlement: Once you have informed the insurance company of your claim and all necessary documents are received, your claim will be resolved.
Offline Process
Claims can also be reported by visiting any of Go Digit's more than 75 branch offices. Submit the essential documents at the branch for processing.
