Digit Glow Term Insurance Plan
  • Health Wellness Benefits
  • Flexible Premium Payment Tenure
  • Additional Rider Benefits
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Himanshu Kumar
Written By:
Himanshu

Himanshu Kumar

Term & Life Insurance

Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.

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Reviewed By:
Apeksha Parsai

Apeksha Parsai

Term & Health Insurance

Apeksha Parsai has trained young minds about the benefits of health & term insurance throughout her 8+ years career. She designs, develops, and delivers impactful training programs for agents/brokers, and internal teams. Her expertise lies in insurance product knowledge, sales strategies, regulatory compliance, and customer service.

Digit Glow Term Insurance Plan

Digit Glow Term Insurance Plan by Go Digit-Life Insurance is a pure risk premium plan that provides life insurance coverage to you for the chosen policy term. This comprehensive plan provides financial security to your family in case of your uncertain death during the policy tenure. The product is jointly offered by “Go Digit General Insurance Ltd” and “Go Digit Life Insurance Ltd.”

Digit Glow Term Insurance Plan offers you a range of benefits including:

why-choose
  • Affordable Premiums
  • Cashless Claims for Health Insurance
  • Easy Claim Settlement Process
  • Tax Benefits 
  • Flexible Premium Payment Options
  • Inbuilt Optional Benefits

Eligibility Criteria for Digit Glow Term Insurance Plan

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 65 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum maturity age- 85 years

Your Gender

Policy term

Minimum policy term- 1 year, Maximum policy term- 40 years

Maternity Benefit Rider

Sum assured

Base Sum Assured- 2.25 lakhs to 1 crore

Dr YSR Aarogyasri Trust

Policy loan

Policy loan is not available

Maternity Benefit Rider

Payment modes

Yearly, half-yearly, quarterly, and monthly

How Does Digit Glow Term Plan Work?

Let's understand how the Digit Glow Term Plan works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr Sharma is looking for a comprehensive term insurance plan that offers financial coverage to his family in his absence.

Solution

While surfing, he visited PolicyX.com and booked a free appointment with their expert advisor. The advisor suggested Mr Sharma buy the Digit Glow Term Insurance Plan.

Mr Sharma bought a Digit Glow Term Insurance 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 5,905 30years 30 years Rs 1,77,150 Rs 5 lakh

Key Takeaways:

(i) In the case of Mr. Sharma’s unfortunate demise before he turns 60, the death benefits worth Rs 5 lakhs will be paid to his nominee and the policy will lapse with effect.

(ii) In the case Mr Sharma survives the policy tenure, no death benefits are paid to his family.

Benefits of Digit Glow Term Insurance Plan

Here are the benefits associated with the Digit Glow Term Insurance Plan

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Riders You Can Avail With Digit Glow Term Plan

You can choose the following riders with your Digit Glow Term Insurance Plan to enhance your plan coverage:

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 in case the policyholder becomes partially or totally disabled due to an accident.

Go Digit Critical Illness Rider    

In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure, then rider benefits are paid to them.

Features of Digit Glow Term Insurance Plan

Choice of Premium Payment Frequency

The Digit Glow Term Insurance Plan allows you to choose the premium payment frequency according to your preference, including single, annual, half-yearly, quarterly, or monthly.

Flexible Premium Payment Options

Flexible premium payment options are available to pay once, for a limited period, or throughout the policy term.

Grace Period

The grace period for payment of premium shall be fifteen (15) days, where you pay the premium every month, and 30 days in case of other applicable premium payment frequencies. The grace period is not applicable for single-pay policies. 

Policy Lapsation

In case of a policy with a limited and regular premium payment term, if premiums have not been paid within the grace period, the policy will lapse on the date of expiry of the grace period. All the applicable benefits will cease, and no benefits will be payable in case of lapsed policies

Exclusions of Digit Glow Term Plan

Here is the list of exclusions associated with the plan:

  • All the policies sold through POS persons have a waiting period of 90 days. In case of the policyholder’s uncertain demise during the waiting period, no death benefits are paid. Only the premiums paid to date excluding applicable GST would be paid to the nominee of the policy.
  • No policy loan is available under this plan except ROP, Early ROP, and Whole Life variants of this plan.
  • Suicide will be covered after completing the first year of your policy tenure.
  • Pre-existing illnesses are not covered under this plan.
  • Indulging in hazardous sports is not covered under this plan.

Conclusion

Digit Glow Term Insurance Plan offered by Go Digit Life Insurance is a comprehensive term insurance plan offering multiple benefits such as economical premiums, coverage, health management services,  and much more. 

If you are still confused about whether Digit Glow Term Insurance Plan is the right choice for you or not, you can contact us at PolicyX.com.
We offer No Spam, No Gimmicks, and Only Expert Insurance Advice. So what are you waiting for? Book an appointment with us today.

Explore other Go Digit Term Insurance

Go Digit Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Go Digit Term Insurance plans. Below is the list of term plans offered by Go Digit.

Digit Glow Term Insurance Plan by Go Digit-Life Insurance is a pure risk premium plan that provides life insurance coverage to you for the chosen poli...

Unique Features

  • Health Wellness Benefits
  • Flexible Premium Payment Tenure
  • Additional Rider Benefits

Digit Glow Term Insurance Plan (Pros)

Digit Glow Term Insurance Plan
  • Health Wellness Benefits
  • Flexible Premium Payment Tenure
  • Additional Rider Benefits

Digit Glow Term Insurance Plan (Cons)

Digit Glow Term Insurance Plan
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Digit Glow Term Insurance Plan (Other Benefits)

Digit Glow Term Insurance Plan
  • Death Benefits
  • Tax Benefits
  • Inbuilt Terminal Illness Cover

Digit Glow Term Insurance Plan (Eligibility Criteria)

Digit Glow Term Insurance Plan
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - Rs 2.25 lakhs
  • Max maturity age - 85 years
  • PPT - RP/SP/LP

FAQs: Digit Glow Term Insurance Plan

1. What is Digit Glow Term Life Insurance Plan?

A Digit Glow term insurance plan is a combination of a health insurance and a term plan.

2. What is the minimum and maximum entry age for the Digit Glow Term Plan?

The minimum entry age of Digit Glow Plan is 18 years while the maximum age is 65 years.

3. How much sum assured can I choose under Digit Glow Term Insurance?

The sum assured limit of Digit Glow term plan is Rs 2.25 lakhs while the maximum limit is Rs 1 crore.

4. Are medical tests required for buying Digit Glow Term Plan?

Yes, medical tests are required for buying Digit Glow Term Insurance Plan.

5. Can I increase my sum assured later under Digit Glow Term Insurance?

No, the base sum assured cannot be increased further.

6. Is there a maturity benefit under Digit Glow Term Insurance?

No, there is no maturity benefit under Digit Glow Term Insurance Plan.

7. Are premiums for Digit Glow Term Life Insurance eligible for tax benefits?

Yes, the premiums paid for a Digit Glow term insurance plan are eligible for tax deductions under the Section 80 (C) of the Income Tax Act, 1961.

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Himanshu Kumar

Written By: Himanshu Kumar

Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.