Buy Digit Life Group Long Term Plan

(A Non-Linked, Non-Participating, Group Pure Risk Premium Life Insurance Plan)

UIN: 165N002V01

In today's fast-paced world, financial institutions and organizations need smart solutions to manage the risks tied to credit transactions. The Digit Life Group Long Term Plan offers just that, providing strong support to ensure the financial stability of groups and organizations through its comprehensive Group Credit Protection Plan.

The Digit Life Group Long Term Plan is a non-linked, non-participating group pure risk premium life insurance plan. It offers life insurance coverage to group members, providing financial protection for their families in case of unforeseen events such as death. Depending on the chosen option, the coverage can be provided as a lump sum, regular payouts, or a combination.

This plan can provide coverage that helps address credit-related risks for lender-borrower schemes. For non-lender borrower groups, it provides general group life insurance coverage without the credit protection aspect.

Additionally, the plan includes optional benefits such as terminal illness coverage, multi-stage cancer coverage, and protection against accidental death and disability, offering comprehensive and customized protection for severe health conditions.

With the Digit Life Group Long Term Plan, your lending is in safe hands.

Digit Life Group Long Term Plan stands out for its flexible, all-in-one protection tailored for organizations. It offers life cover with optional benefits like critical illness, accidental disability, and return of premium. With a fully digital, hassle-free process and customizable features, it ensures long-term financial security and peace of mind for both employers and employees.

1. Hyper Customisable 

• Inbuilt Optional Benefits: Enjoy a range of benefits like Accidental Death Benefit, Terminal Illness Benefit, Critical Illness Benefit, Multistage Cancer Cover, and more.
• Flexible Death Benefit Payout Options: Choose how to receive the death benefit, lump sum, regular income, or a combination of both.
• Tailored Coverage and Premiums: You can customize the coverage to suit your preferences and select a premium that fits your budget.
• Coverage Options: Choose from Single or Joint Life Cover and Level, Decreasing, or flexi coverage types.

2. Tech-Enabled, Smooth Processes 

• Completely Digital and Paperless: Experience seamless processes with our fully digital and paperless approach.
• Direct API Integration: Integrate directly with your organisation for faster and more efficient processes.
• Relaxed Health Underwriting: For large loan amounts, enjoy relaxed health underwriting through video MER, which reduces the need for extensive medical tests. This will also help you while purchasing any health insurance.

3. Aligned with Your Business

• Premium Refunds: Benefit from premium refunds in case of favourable claims or long-term contracts, fostering a sense of partnership and profit sharing.
• Flexible Premium Payment: Manage your cash flow efficiently with annual, half-yearly, quarterly, or monthly premium payment options.
• Return of Premium (TROP): If the Term Plan with Return of Premium option is chosen, premiums are returned to the insured when there is no claim, strengthening your customer relationship.

4. Wellness Benefits

• Comprehensive Wellness Benefits: Enjoy unlimited video doctor consultations, personalised wellness coaching for weight management, fitness, dietary planning, lab services facilitation, and pharmacy home delivery. 
• Wellness Coach: Get personalized support for weight management, fitness, dietary plans, and alcohol rehabilitation to manage health proactively.

Let's take a closer look at the features and benefits of Digit Life Group Long Term Plan that specifically address the master policyholder and insured members.

1. For Master Policyholder:

Explore how the Digit Life Group Long Term Plan offers significant advantages for organisations looking to provide robust insurance solutions for their employees.

• Customizable Coverage: master policyholders can tailor the policy terms and conditions to meet the specific needs of their organisation and the insured members.
• Flexible Premium Payment Options: Various payment frequencies, such as annual, half-yearly, quarterly, or monthly, allow efficient cash flow management.
• Digital Integration: Based on the details provided in the proposal form, policy management and claims processing are streamlined through digital and paperless methods.
• Refundable Premiums: With the profit-sharing option, a portion of premiums may be refunded to the master policyholder in cases of favourable claims or long-term contracts.
• Joint Life Cover Option: The policy includes an option to cover two individuals under a single sum assured, providing comprehensive protection for both.
• Variety of Coverage Types: The policy offers various options for death benefits, in-built optional benefits, and coverage terms, allowing the master policyholder to choose what best suits their needs.

2. For Insured Members

Discover the benefits and features that ensure comprehensive protection and support for you and your family under the Digit Life Group Long Term Plan.

• Life Insurance Coverage: The Digit Life Group Long Term Plan offers financial protection against the risk of death, safeguarding insured members and their families.
• Flexible Payout Options: Subject to the company's acceptance, the insured members can choose from a range of payout options for the death benefit, including lump sum, regular income, or a combination of both.
• In-Built Optional Benefits: Coverage is available for critical events such as terminal illness, critical illness, minor and major stages of cancer, hospitalisation, accidental death, and accidental total and permanent disability.
• Streamlined Health Underwriting: Although specific details about video medical examinations aren't provided, the plan indicates a simplified process for health assessments, making it easier for large loan amounts.
• Comprehensive Wellness Benefits: The plan offers over 15 wellness benefits, focusing on health and well-being. These include services like unlimited video doctor consultations and wellness coaching.

Before diving into the specifics, it’s important to understand the exclusions to avoid any confusion about what’s not covered under this plan. Here’s a detailed breakdown:

• Critical Illness and Multi-Stage Cancer Benefits Exclusions: Claims for Critical Illness Benefits are subject to a 30-day Survival Period and a 90-day Waiting Period. Multi-stage cancer benefits also require a 90-day Waiting Period. Critical Illness and Multi-Stage Cancer Benefits do not cover conditions that are congenital or related to congenital conditions unless disclosed and accepted at the proposal stage.
• Pre-existing Conditions: Any condition, ailment, injury, or disease diagnosed by a physician within 48 months before the effective date of insurance coverage or for which medical advice or treatment was recommended or received from a physician within 48 months before the effective date of insurance coverage or its revival.
• Suicide Exclusion: If the insured member commits suicide within 12 months of continuous insurance coverage from the risk commencement date or date of revival, the claimant will receive at least 80% of the total premiums paid or the unexpired risk premium value, whichever is higher, provided the policy is in force.
• Additional Exclusions for Specific Diseases and Surgeries: The following conditions and related surgeries are not covered during the first two years from the risk commencement date or date of revival:
  • Deviated Nasal Septum and Paranasal Sinus Disorders
  • Diseases of Tonsils and Adenoids
  • Surgery of Thyroid Gland (excluding malignancy)
  • Hernia, Hydrocele, Varicocele, Spermatocele
  • Piles, Fissure, Fistula-in-Ano, Rectal Prolapse
  • Benign Prostatic Hypertrophy
  • Menstrual Irregularities, Dysfunctional Uterine Bleeding
  • Hysterectomy (excluding malignancy)
  • Uterine Fibroid, Calculus Diseases
  • Prolapsed Intervertebral Disc
  • Retinopathy, Retinal Detachment
  • Peripheral Vascular Diseases due to Diabetes, Diabetic Foot
  • Renal Failure due to Diabetes
  • Osteoporosis, Pathological Fractures
  • Cataract, Joint Replacements (except due to accident)
• Accidental Death Benefit (ADB) Exclusions: No ADB Benefit will be payable if the death is caused or contributed to by any infection, except infections resulting from an external visible wound accidentally sustained.
• Drug Abuse: No benefit will be payable if the condition is caused by the insured member being under the influence of drugs, alcohol, narcotics, or psychotropic substances unless taken in accordance with the lawful directions and prescription of a registered independent medical practitioner.
• Self-inflicted Injury: The insured member will pay no benefit for intentional self-inflicted injuries.
• Criminal Acts: No benefit will be payable if the insured member is involved in criminal activities with criminal intent.
• War and Civil Commotion: No benefit will be payable for conditions arising from war, invasion, act of foreign enemy, hostilities, civil war, mutiny, rebellion, revolution, insurrection, military or usurped power, riot, civil commotion, or willful participation in strikes or acts of violence.

• We paid 817 claims under our Group Long Term Plan in FY 2025-26, up from 274 claims in FY 2024-25, helping nearly three times as many families access financial support.
• Claim disbursals increased from ₹148.82 million in FY 2024-25 to ₹457.58 million in FY 2025-26, demonstrating the growing adoption and scale of our Group Long Term Plan.

The Digit Life Group Long Term Plan is an excellent choice for organizations looking to protect members and manage credit risks. It offers flexible coverage options that can be customized to meet different needs, and its digital features make everything easy and efficient. Plus, the wellness benefits help keep members healthier.

By choosing this plan, you are not just securing coverage; you are giving peace of mind to your organization and its members. It’s a plan designed to fit your needs and support you throughout. So, if you want a reliable and supportive solution, the Digit Life Group Long Term Plan is worth considering.

Product Disclaimer

* 1. The applicability of the wellness benefit program and its features may be amended from time to time as per the prevailing underwriting policy of Go Digit Life Insurance Limited. The list of benefits under this program and terms and conditions applicable to it are provided in Annexure I in the Product Brochure.

2. Wellness benefit is a feature of Digit Life Group Long Term Plan. These features are provided under the Wellness benefit program. Wellness services are extended through 3rd party Service Providers. The cost of availing services shall be borne by the insured directly. Digit Life Insurance is not responsible in any manner for nature or quality of product/services or discounts provided by the empaneled Service Providers. You can refer to the respective Service Provider’s terms and Conditions before availing any services. The offerings of the Service Providers, including any discounts or complimentary access / service are subject to change from time to time. For more details, please read policy terms and conditions carefully before concluding the sale.