Buy Group Term Life Insurance Online

Buy Group Term Life Insurance Online
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Digit Life Group Micro Term Insurance

What is Digit Life Group Micro Term Insurance?

What’s Great About Digit Life Group Long Term Plan?

What is Micro Group Credit Protection Scheme? 

Benefits of Micro Group Credit Protection Scheme

Financial Security  

It ensures a financial protection for both lenders and borrowers, assuring their outstanding credit is covered in unforeseen events, preserving their financial stability and reducing the burden on families.

Enhanced Customer Confidence 

By extending their services to credit protection, this plan enhances trust between borrowers and lenders. Customers feel secure knowing their financial commitments are safeguarded, increasing their confidence in borrowing from the particular lender. 

Risk Management

The plan mitigates risks for both borrowers and lenders by transferring the risk of default to the insurance provider. This allows them to focus on their core activities and pursue growth opportunities with greater confidence. 

Competitive Advantage

The group or organization providing Protection Plan gain a competitive edge against their competitors. It positions them as a reliable and responsible partner, attracting more customers and members. 

How Micro Group Credit Protection Scheme Works?

Things to Consider Before Buying a Micro Group Credit Protection Scheme

FAQs About Digit Life Group Micro Term Insurance

Who can Avail of Digit Life Group Micro Term Insurance?  up-arrow

Digit Life Group Micro Term Insurance is available to various entities, including employers, associations, financial institutions, credit card issuers, and lending organizations to be further issued to their borrowers. Thus, it’s a B2B2C product.

What Types of Credit Facilities can be Covered Under Micro Group Credit Protection?  up-arrow

Micro Group Credit Protection can cover different types of credit facilities, including loans, credit cards, mortgages, overdrafts, and other forms of credit extended to members or customers.

How Digit Life Group Micro Term Insurance Work in Case of Death?  up-arrow

In the event of death of a member or customer, Group Credit Protection covers the outstanding debts or loans, relieving the dependents of the policyholder from the financial burden.

Is Micro Group Credit Protection Mandatory for All Members or Customers?  up-arrow

Micro Group Credit Protection is usually an optional benefit offered by the group or organization. However, certain lending institutions may require it as a condition for granting credit.

What is the Minimum Sum Assured in Digit Life Micro Term Insurance? up-arrow

The Minimum Sum Assured in this plan is:

  • Death Benefit - ₹1,000 per person
  • Inbuilt Optional Benefit - ₹1,000 per person for each benefit