The plan also comes with teleconsultations, discounts on health-related tests, elder care programmes and therapy sessions at no extra cost. Credit: sdecoret/Shutterstock.

Go Digit Life Insurance (Digit Life) has launched Digit Glow Term Life Insurance, its inaugural individual pure term life insurance plan, designed for India’s self-employed population.  

This plan looks to address barriers such as stringent documentation and lengthy procedures that typically prevent the self-employed from obtaining life insurance coverage.  

The entire customer journey, from initial onboarding to the settlement of claims, is conducted through a fully digital platform. 

Digit Life’s offering uses tech-enabled underwriting models that rely on alternative credit assessments and distinct data points to accommodate the variable income and informal income proof often associated with self-employment.  

The plan includes optional covers for accidental death, total and permanent disability, and terminal illnesses. 

Customers can choose from a range of policy terms and premium payment options to suit their individual needs.  

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The plan also comes with teleconsultations, discounts on health-related tests, elder care programmes and therapy sessions at no extra cost. 

Digit Life MD & CEO Sabyasachi Sarkar stated: “Self-employed individuals are vital to India’s economy but often lack life insurance due to underwriting challenges. With Glow Term Life Insurance, we aim to bridge this gap by simplifying access and making it inclusive for India’s self-employed workforce.” 

In 2023, Go Digit Life secured a life insurance business licence from the Insurance Regulatory and Development Authority of India.  

Backed by Canadian Fairfax group, it enables the company to offer life insurance products across India.  

It stands out as one of the few non-life insurers in India to operate entirely on the cloud and has API (application programming interface) integrations with various channel partners to enhance its service delivery.