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Go Digit Term Insurance
Digit Glow Term Life Insurance is a pure risk premium plan that provid ...Read More
Digit Glow Term Life Insurance is a pure risk premium plan that provides life insurance coverage to you for the chosen policy term and financially protects your family in your absence.
A quick read on what this Go Digit Term Insurance term plan covers and why it might be a fit for you.
Digit Glow Term Insurance Plan by Go Digit Life Insurance Ltd provides high life cover at affordable premiums, flexible policy terms, and pure risk protection, making it a strong choice for financial security. This comprehensive plan provides financial security to your family in case of your uncertain death during the policy tenure. The product is jointly offered by “Go Digit General Insurance Ltd” and “Go Digit Life Insurance Ltd.”
Digit Glow Term Insurance Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Digit Glow Term Plan works with a simple premium illustration.
Mr Sharma is looking for a comprehensive term insurance plan that offers financial coverage to his family in his absence.
While surfing, he visited PolicyX.com and booked a free appointment with their expert advisor. The advisor suggested Mr Sharma buy the Digit Glow Term Insurance Plan.
Mr Sharma bought a Digit Glow Term Insurance Plan. Let's understand how the plan works for him with a simple premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 30 years | Rs 5,905 | 30years | 30 years | Rs 1,77,150 | Rs 5 lakh |
Key Takeaways:
(i) In the case of Mr. Sharma’s unfortunate demise before he turns 60, the death benefits worth Rs 5 lakhs will be paid to his nominee and the policy will lapse with effect.
(ii) In the case Mr Sharma survives the policy tenure, no death benefits are paid to his family.
You can choose the following riders with your Digit Glow Term Insurance Plan to enhance your plan coverage:
Offers additional benefits in case of the policyholder’s death due to an accident.
This rider offers the rider sum assured in case the policyholder becomes partially or totally disabled due to an accident.
In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure, then rider benefits are paid to them.
Key features that make Digit Glow Term Insurance Plan stand out.
Choice of Premium Payment Frequency
The Digit Glow Term Insurance Plan allows you to choose the premium payment frequency according to your preference, including single, annual, half-yearly, quarterly, or monthly.
Flexible Premium Payment Options
Flexible premium payment options are available to pay once, for a limited period, or throughout the policy term.
Grace Period
The grace period for payment of premium shall be fifteen (15) days, where you pay the premium every month, and 30 days in case of other applicable premium payment frequencies. The grace period is not applicable for single-pay policies.
Policy Lapsation
In case of a policy with a limited and regular premium payment term, if premiums have not been paid within the grace period, the policy will lapse on the date of expiry of the grace period. All the applicable benefits will cease, and no benefits will be payable in case of lapsed policies
Here are the key benefits of the Digit Glow Term Insurance Plan.
Guaranteed DeathBenefits
Digit Glow Term Insurance Plan offers guaranteed death benefits to the policyholder's loved ones in case of their death during the policy tenure.
Tax Benefits
This plan is eligible for tax benefits under the Section 80 (C) and Section 10 (10D) of the Income Tax Act, 1961.
Health Management Services
This plan provide wellness benefits to the life assured which intends to incentivize him/her for taking care of his/her health/fitness and maintaining healthy lifestyle.
Additional RiderBenefits
This plan allows you to choose additional riders with your term insurance plan that helps to increase your coverage.
Accelerated Terminal Illness Benefit
Under this benefit, upon diagnosis of terminal illness during the policy term, accelerated terminal illness benefit will be paid in lumpsum.
Here is the list of exclusions associated with the plan:
Digit Glow Term Insurance Plan offered by Go Digit Life Insurance is a comprehensive term insurance plan offering multiple benefits such as economical premiums, coverage, health management services, and much more.
If you are still confused about whether Digit Glow Term Insurance Plan is the right choice for you or not, you can contact us at PolicyX.com.
We offer No Spam, No Gimmicks, and Only Expert Insurance Advice. So what are you waiting for? Book an appointment with us today.
Digit Glow Term Insurance Plan offered by Go Digit Life Insurance is a comprehensive term insurance
The 7 most-asked questions about Digit Glow Term Insurance Plan, answered.
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