Go Digit Life Insurance Limited (Digit Life), one of India’s fastest-growing new-age digital life insurer, announced it has launched its first individual pure term life insurance plan, “Digit Glow Term Life Insurance”, designed specifically for self-employed Indians. To enable seamless customer servicing and quick onboarding of agents, Digit Life Insurance has also opened offices in Park Street in Kolkatta and Sevoke Road in Siliguri.
With an aim to increase financial inclusion among self-employed individuals in the country, Digit Life Insurance, through its in-house-built tech-enabled models, will use various unique data points and alternative credit parameters for better financial underwriting. As per government data, an estimate of 56.5% people in West Bengal are self-employed.
Speaking about the launch, Sundeep Bharadwaj, Chief Business Officer, Go Digit Life Insurance Limited, said, “Self-employed Bengalis, including small business owners, gig workers, and professionals, are the backbone of our economy.” With an aim to bring people from lower social strata to the insurance fore, the plan will offer comprehensive protection with coverage ranging from Rs 10 lakh to Rs 1 crore.