Prices Increasing Soon
In today's fast-paced digital world, everything from groceries to gold can be purchased online, so why not life insurance? Digital life insurance has changed how people secure their family's future, making the entire process faster, easier, and more transparent.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
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Whether buying your first policy or switching from a traditional provider, digital life insurance is worth exploring. Let's discuss this in simple terms.
Digital life insurance is a paperless, fully online process of buying and managing your life insurance policy. From choosing the right plan to paying premiums and filing claims, everything is done through a secure digital platform—no paperwork, no long queues.
Many trusted digital life insurance companies now offer affordable and customizable plans, ensuring protection is just a few clicks away.
Term Plans
In 2025, the digital term life insurance landscape is being reshaped by several key trends.
AI and machine learning are streamlining risk assessments, claims, and customer service through automation and predictive analytics, leading to more personalized policies and faster processing.
InsurTech startups are driving innovation with AI-based plans, blockchain integration, and user-friendly mobile apps, making insurance more affordable and accessible.
Telematics and IoT allow insurers to track real-time health and lifestyle data through wearables and smart devices, enabling tailored premiums and better engagement.
Blockchain technology enhances security and transparency by storing tamper-proof policy records and enabling real-time, automated claims through smart contracts.
Digital term life insurance is one of the most popular term insurance plan options today because of its affordability and simplicity. It offers high coverage at low premiums for a fixed term, perfect for breadwinners and young families looking for long-term protection.
Here's why digital term plans are gaining popularity:
Quick and hassle-free: No in-person meetings or long forms.
Affordable premiums: Digital platforms save costs, passing on the benefit to you.
Easy comparisons: Compare policies from top digital life insurance companies instantly.
Minimal documentation: Upload documents online and complete KYC in minutes.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 15%#
Compare 40+ plans from 15 Insurers
Instant Quotes: Get a premium estimate within seconds.
Online Medical Checks: Some plans even allow telemedical consultations.
Flexible Add-ons: Include riders like accidental death, critical illness, or waiver of premium.
24/7 Access: Use online portals like Policybazaar to manage your policy anytime.
Transparency: No hidden terms; everything is available upfront.
Time-saving: Get insured in minutes instead of weeks.
Cost-effective: Lower operational costs lead to better value.
Customer Support: Chat, email, or call—help is just a click away.
| Feature | Digital Life Insurance | Traditional Life Insurance |
| Application Process | Fully online, paperless | Offline, agent-based with lengthy paperwork |
| Policy Issuance Time | Instant to 1–2 days | Usually 7–15 days |
| Premium Costs | Lower due to minimal overhead | Often higher due to agent commissions and admin costs |
| Customer Support | Online chat, email, and 24/7 helplines | Branch visits or agent follow-ups |
| Comparison of Plans | Easy online comparison of features and pricing | Relies on agents for information |
| Claim Process | Online submission and tracking | Manual or semi-digital process |
| Accessibility | Available 24/7 from anywhere | Limited to office hours and physical locations |
The insurance sector in India and globally has witnessed a significant transformation thanks to digitization. Here's how:
With e-KYC, digital signatures, and online documentation, policies are issued faster than ever, often on the same day.
Digitization has allowed insurance companies to reach underserved areas, protecting people in Tier 2 and Tier 3 cities.
Online tools let customers compare products, understand policy terms, and avoid hidden conditions. This builds trust in the system.
Automated claim intimation, document upload, and real-time tracking make the claims experience smoother for customers.
Reduced dependency on physical offices, paperwork, and agents leads to lower premiums—benefiting insurers and policyholders.
Life insurance is no longer limited to agents and paperwork. With digital term life insurance, you can secure your family's future from the comfort of your home. Companies like GoDigit are leading the way in this digital revolution, offering reliable protection with the ease of technology.
So if you haven't yet explored digital life insurance, now is the time. Compare plans, calculate premiums, and choose a policy that suits your needs—all online, all hassle-free.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.
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