What is the Digit Illness Group Insurance?
Digit’s Illness Group Insurance is a COVID specific cover to help you cover for your employees from potential expenses of the coronavirus. This includes treatment and hospitalization expenses towards the treatment of the COVID-19. The same can be availed for small, medium or big organizations and businesses.
Features of Digit Illness Group Insurance
What is covered under Digit Illness Group Insurance?
What is not covered under Digit's Group Illness Insurance?
What are the benefits of Digit's Group Illness Insurance?
Who should go for the Digit Group Illness Insurance?
1. Small Businesses
Small businesses usually don’t invest in a group health insurance plan. These include businesses with minimum 7 employees (excluding dependents) - such as local retail shops, showrooms, and salons among many others.
If you fall into this category and don’t have any medical insurance for your employees, you can at least get Digit’s Group Illness Insurance that will cover them during this widespread pandemic.
2. Small & Medium Enterprises and Early Stage Startups that can’t afford a comprehensive corporate health insurance plan
We understand that not all enterprises can afford a comprehensive medical plan for their employees. That’s why, a customized offering like the Digit Group Illness can be an affordable option to at least cover them against hospitalization & treatment expenses of the coronavirus.
Given the rise in cases in India and the ongoing economic crisis, this works has a valuable shield for your employees and consecutively your business.
3. Large Organizations without a group medical plan
Most large organizations and companies offer group medical plans as a benefit to their employees.
However, given the current economic slowdown, many companies haven’t renewed their group medical plans or simply don’t have one yet.
If you fall into any of these categories, you could at least get a customized COVID-19 cover like the Digit Group Illness Insurance that is beneficial for your employees and affordable enough to maintain your company’s balance sheets!
4. Companies with higher Group Medical Insurance claims
Typically, when corporate plans are to be renewed, the renewal premium increases if there have been more claims during the year.
Given how widespread the coronavirus is in India, you can choose to get a temporary, additional group covid cover, which can help with covid claims and reduce the renewal premium on your Group medical insurance plan which doesn’t only help save on some additional costs now, but also in the long-term.
Difference between Digit’s Group Illness Insurance and Digit’s Group Health Insurance?
Digit Illness Group Insurance
Digit Group Health Insurance
Digit’s Group Illness Insurance is a cover specific to a single illness and in this case, it is specific to covering hospitalization and treatment expenses of the coronavirus.
Digit’s Group Health Insurance is a comprehensive health insurance cover that covers treatment and hospitalization of many illnesses and diseases, including the covid-19 as well.
The premium for Digit Group Illness Insurance will be comparatively lesser since it comes with limited benefits and only focuses on the coronavirus.
The premium for Digit Group Health Insurance is slightly higher given that it covers for a range of healthcare benefits.