Digit Insurance is a company that offers personal insurance through an application. It offers an online service for services like medical insurance, travel protection, postponement of flight insurance, and automobile insurance.
Its capabilities comprise a home loan Electronic Money Transfer (EMI) converter and an online assistance tool for choosing the optimum coverage of insurance for the company. Digit Insurance provides facilities for resolving claims. digit insurance also provides professionals with several options for how to provide insurance services to clients.
The digit insurance app is available for both Android and iOS devices.
The objective of digit insurance is to reinvent its offerings and procedures. They are returning right back to the fundamentals and developing user-friendly, accessible insurance programmes.
About Digit Insurance:
Digit Insurance is an umbrella insurance firm founded by Kamesh Goyal and supported by the Fairfax Group. The company offers a variety of insurance products, including shop, house, auto, and insurance for travelling. The company’s objective is to restructure pricing procedures and redefine items.
Digit Insurance is an Indian venture founded by an ex-Allianz CEO with the goal of making coverage simpler and more efficient for clients. Digit Insurance is an Indian startup situated in Bangalore, the nation’s developing tech capital recognised for its bustling culture.
Kamesh Goyal created the business in 2016, and it gained regulation certification from the Indian government’s Insurance Regulatory and Development Authority (IRDA) in the month of September 2017.
Digit Insurance concentrates on offering healthcare through the Internet and through collaboration pathways, but it preserves an offline touch via its goods and care service, which the company promises can be reached even on holidays across the nation.
Digit Insurance’s commercial strategy entails forming advantageous alliances with businesses that it may work with to offer insurance besides services.
The company has accomplished so with over 1500 businesses, including worldwide e-commerce titan Amazon and another Indian online shopping website, Flipkart. The company offers insurance for cell phones via both of these agreements, with the opportunity to buy coverage shown at the moment of purchase.
Several of Digit Insurance’s standout characteristics are listed below:
- Low-cost Premiums
- Online quotes right away
- Straightforward and prompt claim resolution
- Allowance for Cashless Facility Conveyance
- A 24/7 Response
- online renewal and purchasing
- Cash in advance for maintenance
- Support for zero expenses
- Missed Call Service
- Cash Advance Services
- A door-service facility without documentation
| Name Of The Company | Digit Insurance |
| Founded In | 2016 |
| Founders | Kamesh Goyal |
| Competitors Of The Company | Metlife, Toffee, Kotak Life, Aspire |
| Website Of The Company | Www.Godigit.Com |
| Country Of Origin | Bengaluru, India |
| Investors | 11 Investors |
| Market Of The Company | Fintech And Insurtech |
Digit Insurance Logo:
Digit Insurance Founder:
Digit Insurance is founded by kamesh goyal in 2016. He is the chairman as well as the founder of the company.
Kamesh Goyal started his education journey back in 1983. He completed his bachelor’s in science from St. Stephen’s College. Then he went and did another bachelor’s in law from Delhi University.
He then completed his master’s in business administration from the faculty of management studies in 1996. After completing his MBA, kamesh worked in many different organizations for different jon domains. He worked as a manager of the financial services consulting practice for KPMG india from October 1997 to November 1999.
Kamesh Goyal also worked as a COO and CEO at bajaj allianz general insurance company for 6 years and as regional CEO, of Asia- pacific for Allianz insurance for 4 years and 11 months. He lastly founded digit insurance in January 2017.
Digit Insurance Products:
Digit Insurance provides a variety of products related to insurance to its customers; the list of products offered by digit insurance are listed below-
- Car insurance
- Bike insurance
- Travel Insurance
- Health Insurance
- Property Insurance
- Shop Insurance
- Group Health Insurance
- Arogya Sanjeevani Policy
- Commercial Vehicle Insurance
- Super Top-Up Health Insurance
- Flight Delay
- Health Insurance For Disabled & HIV/AIDS Patients
Digit Insurance Investors:
Digital Insurance has a total of 11 investors; some prominent investors of digit insurance are –
Sequoia Capital –
Sequoia supports fearless entrepreneurs as they create iconic businesses, from concept through IPO and onward. Sequoia India is a venture capital firm with operations in India and Southeast Asia. They work closely with creators of a variety of businesses, including BYJUs, Carousell, Druva, Gojek, OYO Rooms, Tokopedia, Truecaller, Zomato, and others.
The company’s founders stretch the envelope of what they consider feasible. Organizations who collaborate with Sequoia gain access to its 50 years of collective experience and the insights learned from collaborating with early-stage businesses like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn, and Stripe.
The success of the founders has a real impact because educational institutions, investments, and various other non-profits have always been the core of the funding foundation.
Tvs Capital Funds-
TVS Cash Funds has given young business owners the cash and managerial skills they need to create businesses with exceptional value.
TVS Group and Shriram Group are the financial support supporters, and they contribute a strong business atmosphere, facilities, and a broad network of ties spanning industries and continents.
Fairfax Financial Holdings–
Fairfax Financial Holdings Limited is a holding organization whose strategic goal is to accomplish an elevated level of return for capital that is invested while also building shareholder value over the long run. Since September 1985, the business is currently run by its current leadership.
The company is founded in Toronto, Canada in 1985 and is a public company.
A91 Partners-
A91 Partners is a Mumbai, India-based venture capitalist company that was established in 2018. The company aims to make investments in consumers in the finance, technological advances, and healthcare industries. The company has till now invested in 35 companies and had exited from one company.
Digit Insurance Competitors:
Metlife–
Met Life is a life insurance organization. It makes investments in a range of financial instruments, including public and private capital, fixed-income securities, residential real estate, investments in hedge funds, and funds for private equity. The business reported $71.08 billion in annual earnings and $6.55 billion in earnings in 2021.
Toffee-
Toffee is an Online P&C and medical insurance marketplace. It provides rates for a variety of insurance policies, including those renters’ insurance, cyclists’ insurance, and animal insurance. Additionally, it offers internet-based tools to manage claims. Apollo Munich, HDFC Ergo, and Future Generali are a few of its insurance partnerships.
Aspire-
Aspire is a system built in the online environment for company operations and worker insurance. It provides answers for various insurance problems, including medical coverage, cyber security insurance, transportation insurance, liability protection, equipment & machinery coverage, and indemnity coverage.
Faqs Related To Digit Insurance:-
Who founded digit insurance?
Kamesh Goyal founded digit insurance.
How much funding is raided by digit insurance?
The company has raised a total of 544 million dollars.
What is the valuation of digit insurance?
The company valuation as of May 4th, 2022, is 4 billion dollars.
Who are the board of directors of digit insurance?
The board of directors of the company are kamesh goyal and Chandra ponnaiah ratanswami.
Is digit insurance associated with any legal entities?
Yes, digit insurance is associated with three entities. They are- go digit general insurance limited, oben ventures private limited, and go digit info works services private limited.
Is digit insurance present on any social media platform?
Yes, the company is present on Twitter, LinkedIn, and Facebook.
What are some products offered by digit insurance?
Some offerings of the company are- CPM insurance, marine cargo insurance, D&O insurance, erection all risk insurance, shop insurance, fire insurance, property insurance and more.
Where is the digital insurance registered office?
The company’s registered office is located on the 1st to 6th Floor, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No. 1579, (Bhamburda) Shivajinagar, Pune – 411005.
How do I contact digit insurance for covid-19 claims?
The company has provided both phone number and email IDs to reach out to them related to any covid-19 queries and claims. The phone number is 1800-258-4242, and the email address is covidclaims@godigit.com.
Is there an app for digit insurance?
The company’s app is available on both IOS and Android devices.
Conclusion
Digit Insurance is among India’s largest general insurance businesses, offering insurance products and services such as buying/renewing cars, bicycles, journeys, wellness, shop, and homeowner’s insurance online.
Digit Insurance is an IRDA-licensed world wide web-first general insurance company founded by Fairfax Holdings and Kamesh Goyal, an ex-Allianz executive. Fairfax owns 45% of the business. provides insurance for ornamentation, vacations, automobiles, and cell phones. The organization’s previous name was Oben General Insurance. Its headquarters are in Bengaluru, India, and it was created in 2016. Digit Insurance provides insurance services for a variety of industries, including wellness, journey, enterprises, autos, and others. Digit Insurance wants to make insurance offerings as simple as possible in order to ensure even a young teenager can understand them.
Digit Insurance’s objective and ambition are to make it easier to see, buy, and use insurance services. As of May 2nd, 2019, Fairfax Holdings, a Canadian company, intends to put in a total of Rs. 200 crore on Digit Insurance.
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