Digit Insurance introduces one cover for 8 viral diseases including COVID-19, Dengue and Zika Virus

• Policy covers hospitalisation for COVID-19, dengue, malaria, filariasis, kala azar, chikungunya, Japanese encephalitis and the zika virus
• Launched under Digit’s Illness Group product under the Sandbox regulations which encourages insurance companies to launch innovative products

Bengaluru, 2^nd December 2020: Digit Insurance, on a mission to make insurance simple in India,  introduces its latest offering  under Digit’s Illness Group Insurance  that will protect an individual against COVID-19 and 7 Vector-borne diseases like dengue, malaria, filariasis (payable only once in a lifetime), kala azar, chikungunya, Japanese encephalitis and the zika virus.

According to the WHO (World Health Organisation), vector-borne diseases account for 17 per cent of all infectious diseases and leads to 700,000 deaths every year, worldwide. Hence, it is important to have an insurance policy that covers these diseases. Digit’s cover for COVID-19 and Vector-borne disease policy also covers pre-hospitalisation expenses for up to 30 days, post-hospitalisation expenses up to 60 days, road ambulance charges (1 per cent of your chosen SI, up to INR 5,000) and a second medical opinion. The product is currently available on Digit’s website and offers options of choosing sum insured of INR 1 lakh, INR 2 lakh or INR 3 lakh.

Features of the Product

• Individual cover for each family member: The policy can be bought for self, spouse and kids. Hence, it provides adequate protection to everybody.
• No capping of room rent: The insured can choose the room they want. The cover offers no limit on room rent or ICU room rent.
• Customisable sum insured:  Customers can choose from the three sum insured options based on personal requirements.
• Minimum waiting period: The cover has a minimum waiting period of only 15 days from the date of the start of the policy.
• Digital-friendly: The process of buying this health insurance policy and making claims is made simple online.

Vivek Chaturvedi, Chief Marketing Officer, Digit Insurance, said, “At a time when the COVID-19 pandemic continues to put immense pressure on healthcare expenses across the globe, fear of other  vector-borne diseases becomes an additional worry. Considering medical inflation, the expenses for the treatment for these diseases have become quite high. Hence, Digit’s product covering COVID-19, along with other vector-borne diseases is timely as only one cover will protect customers from both vector-borne diseases and COVID-19. This is in line with our mission of developing simple and relevant products that would be truly useful to our customers. “

The product’s COVID-related claims cover the insured if they are an inpatient and hospitalisation was solely due to COVID-19 during the policy period. For more details of the policy, customers can visit the website of Digit Insurance: https://www.godigit.com/health-insurance/health-insurance-for-vector-borne-diseases

About Digit:

Go Digit General Insurance Limited is a new-age general insurance company started by Kamesh Goyal and backed by the Fairfax Group, one of the largest financial services groups in the world. The company has raised three rounds of funding amounting to $140 million from Canadian billionaire Prem Watsa’s Fairfax Financial Holdings and $84 million from three growth equity investors— A91 Partners, Faering Capital and TVS Capital. This combined investment has brought its total funding to $224 million.

Headquartered in Bengaluru, Go Digit General Insurance Limited has partnered with some of the leading companies like Cleartrip, Sterling Holidays, SOTC and Policy Bazaar. It has been named as ‘Insurance Start-up of the Year – India’ at the Insurance Asia Awards 2020 and ‘General Insurance Company of the Year 2019 and 2020’ award at Asia Insurance Industry Awards, Singapore. During the ongoing pandemic, it has been able to service several commercial and industrial establishments and secure its employees and customers through relevant health insurance solutions. It has also featured in the Top 25 Indian Start-ups Lists by LinkedIn in 2018 and 2019 and was in CB Insights’ Top 250 fastest growing fintech companies globally list in 2018 and 2020.