Digit Glow Term Insurance Plan

Overview

The Digit Glow Term Insurance Plan by Go Digit Life Insurance Ltd provides high life cover at affordable premiums, flexible policy terms, and pure risk protection, making it a strong choice for financial security. This comprehensive plan offers financial security to your family in case of your unfortunate demise during the policy term. The product is jointly offered by Go Digit General Insurance Ltd and Go Digit Life Insurance Ltd.

Key Benefits of Digit Glow Term Insurance Plan

• Affordable Premiums
• Easy Claim Settlement Process
• Tax Benefits
• Flexible Premium Payment Options
• Inbuilt Optional Benefits

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 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, then rider benefits are paid to them.

Plan Features

Choice of Premium Payment Frequency

The Digit Glow Term Insurance Plan allows you to choose the premium payment frequency according to your preference:

• Single
• Annual
• Half-yearly
• Quarterly
• 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 premium payment shall be fifteen (15) days where premiums are paid monthly, and 30 days for other 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 applicable benefits will cease, and no benefits will be payable for lapsed policies.

Exclusions

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

Additional Benefits

Guaranteed Death Benefits

The Digit Glow Term Insurance Plan offers guaranteed death benefits to the policyholder's loved ones in case of their death during the policy term.

Tax Benefits

This plan is eligible for tax benefits under Section 80(C) and Section 10(10D) of the Income Tax Act, 1961.

Health Management Services

This plan provides wellness benefits to the life assured, incentivizing them to take care of their health and maintain a healthy lifestyle.

Additional Rider Benefits

This plan allows you to choose additional riders with your term insurance plan that helps to increase your coverage.

Accelerated Terminal Illness Benefit

Under this benefit, upon diagnosis of terminal illness during the policy term, the accelerated terminal illness benefit will be paid in a lump sum.