Digit Glow Lite Term Life Insurance

• Life Insurance Cover for the financial security of your family
• Inbuilt Optional Benefits for protection against Accidental Death, Accidental Total and Permanent Disability and Terminal Illness
• Flexibility to pay a premium only once, pay for a limited period or pay regularly
• Premiums can be set as single, annual, half-yearly, quarterly, or monthly, subject to policy type.
• Wellness Benefits to Life Assured

Digit Glow Lite Term Life Insurance provides a lump sum payout to your family if something happens to you during the policy term. This ensures they are financially protected in your absence. 

If you pass away during the policy term, your nominee will receive the highest of the following:

• 10× the Annualised Premium
• 105% of Total Premiums Paid (excluding taxes, riders, and extra premiums)
• Sum Assured on Death (as agreed at the start of the policy)

Once the death benefit is paid, the policy terminates. This payout ensures maximum financial support to your loved ones. 

You can enhance the basic plan with the following inbuilt optional benefits, available only at policy inception:

Additional Accidental Death Benefit (ADB)

Suppose the policyholder dies due to an accident during the policy term, and the death happens within 180 days of the accident. In that case, an extra payout called the Accidental Death Benefit (ADB) is given in addition to the regular death benefit.

• The ADB amount can be up to 100% of the base sum assured.
• Once the ADB is paid, the policy ends.
• To qualify, the death must be directly caused by the accident, happen within 180 days, and not be excluded under the policy’s accident-related exclusions.

Additional Accidental Total & Permanent Disability (ATPD)

If the insured person becomes totally and permanently disabled due to an accident during the policy term, a lump-sum payout is made under the ATPD benefit. This amount can be up to 100% of the base sum assured, and is paid in addition to other benefits.

• The ATPD claim must be made within 180 days of the accident.
• Once the ATPD benefit is paid, that coverage ends, but the main life cover continues for the rest of the policy term.

This benefit has certain exclusions. If the disability is caused by any of the excluded conditions or situations, no payout will be made. It's important to carefully read the policy document to understand these exclusions before purchasing.

Accelerated Terminal Illness Benefit

Upon diagnosis of a terminal illness during the policy term, this benefit pays the death benefit amount as a lump sum in advance. Terminal illness is defined as an incurable medical condition expected to cause death within 6 months, confirmed by two independent medical practitioners. Payment of this benefit terminates the policy, and it ends after this payout.

With your Digit Life Insurance, you also get exclusive access to a wide range of wellness perks, making taking care of yourself easier and more affordable.

• Doctor-on-Call
• Wellness Coach
• Lab Services and Imaging (For Diagnostic Services)
• Pharmacy (Home Delivery)
• Vital/Physical Activity Monitoring Services
• Reminder Notifications
• Medical Wallet
• Medical Report Aggregator
• Home Care Service
• Ambulance Arrangement Services
• Pick-up and Drop Services for Consultation
• Prioritising Appointments
• Mental wellbeing
• Physiotherapy
• Childcare/Children's activities
• Out-Patient (OPD) Services
• Fitness

Note: These services are not part of your insurance coverage. Usage is entirely optional and paid for by the user.

• Any details you share will be kept confidential.
• Wellness benefits are provided by external service providers, medical experts, or centres.
• Digit Life Insurance only facilitates these services and is not responsible for their quality or cost.
• You don’t pay any additional premium for these services.
• You must pay the service provider directly for any services you use.
• All service providers are carefully selected after thorough checks.
• You’re encouraged to consult your personal or family doctor before using any medical services.
• Using these services is completely optional and up to you.
• Digit Life Insurance and its team are not responsible for any issues, losses, or claims related to these services.
• These services do not replace visits to your own doctor.
• Digit Life Insurance is not liable for any advice, prescriptions, or errors made by the service providers.
• The company is not responsible for the quality or discounts offered by service providers.
• Always check the service provider’s terms before using their services.
• Offers, discounts, and services may change over time. Refer to your policy terms before making decisions.

If the policyholder dies by suicide within 12 months from the start of the policy, or the revival of a lapsed policy, then the insurer will not pay the full death benefit. Instead, the nominee will receive the higher of the following two amounts:

• 80% of the total premiums paid (excluding taxes and rider charges), or
• Unexpired risk value (a calculated value based on the remaining coverage period and policy terms).

This clause is designed to discourage misuse of life insurance policies and protect the insurer from financial risk in cases of early suicide. If the death by suicide occurs after 12 months, the death benefit is typically payable, as per the policy terms.

No benefit will be paid under ADB or ATPD if the claim arises due to any of the following:

• Suicide or self-inflicted injuries
• Use of drugs or alcohol
• Involvement in war, rebellion, or civil unrest
• Criminal activities or breaking the law
• Flying in non-commercial aircraft (except as a fare-paying passenger)
• Adventure or extreme sports (e.g., skydiving, bungee jumping)
• Undisclosed pre-existing medical conditions
• Mental health or nervous system disorders
• Cosmetic, fertility, or experimental treatments
• Injuries caused by radiation or nuclear exposure

These exclusions ensure that the benefits are paid only for genuine accidental cases as defined in the policy.

Digit Glow Lite Term Life Insurance is a straightforward and affordable protection plan designed to secure your family's financial future. With flexible premium payment options, inbuilt benefits for accidental death, disability, and terminal illness, and wellness features, it offers comprehensive coverage tailored to your needs. 

While it does not offer maturity benefits, its core purpose is to provide peace of mind through life cover during the policy term. It’s an ideal choice for individuals seeking pure protection without investment components.