Digit Life Group Long Term Plan

Benefits of Digit Life Group Long Term Plan

The Digit Life Group Long Term Plan goes beyond basic coverage by offering flexibility, technology-driven processes, and wellness advantages tailored to both individuals and organisations. Here are the key benefits:

1. Hyper-Customisable Coverage

   • Access inbuilt optional benefits such as Accidental Death Benefit, Terminal Illness Benefit, Critical Illness Benefit, and Multistage Cancer Cover.

   • Choose how the death benefit is paid—lump sum, regular income, or a mix of both.

   • Select from Single or Joint Life Cover with Level, Decreasing, or Flexi coverage types.

   • Tailor premiums and coverage amounts to fit your financial goals and budget.

2. Tech-Enabled, Seamless Processes

   • Enjoy 100% digital and paperless policy management.

   • Benefit from direct API integration with your organisation for quick and efficient processes.

   • Access relaxed health underwriting via video MER for large loan amounts, reducing the need for extensive medical tests.

3. Aligned with Your Business Needs

   • Receive premium refunds in case of favourable claims or long-term contracts, creating a sense of profit-sharing.

   • Manage cash flow conveniently with flexible premium payment options—monthly, quarterly, half-yearly, or annual.

   • Opt for the Term Plan with Return of Premium (TROP) and get back premiums if no claim is made, adding value to the plan.

4. Wellness Benefits for a Healthier Lifestyle

   • Unlimited video doctor consultations and personalised wellness coaching for fitness, weight management, and dietary planning.

   • Access lab services, diagnostic support, and pharmacy home delivery.

   • Additional support through wellness coaches for alcohol rehabilitation, physiotherapy, and lifestyle management.

Overview of the Digit Life Group Long Term Plan

Here are the plan details of the Digit Life Group Long Term Plan:

Features and Benefits of Digit Life Group Long Term Plan

Here are the features and benefits of Digit Life Group Long Term Plans:

For Master Policyholders
The Digit Life Group Long Term Plan provides organisations with a flexible and comprehensive solution to offer robust insurance protection to their members:

• Customizable Coverage: Tailor policy terms, coverage amounts, and optional benefits to meet the specific needs of the organisation and insured members.

• Flexible Premium Payment Options: Choose from annual, half-yearly, quarterly, or monthly premiums for efficient cash flow management.

• Digital Integration: Streamline policy management and claims processing with fully digital, paperless processes.

• Refundable Premiums: Profit-sharing options allow partial premium refunds in cases of favourable claims or long-term contracts.

• Joint Life Cover Option: Cover two individuals under a single sum assured for broader protection.

• Variety of Coverage Types: Select the most suitable death benefit, optional benefits, and coverage terms for your organisation.

For Insured Members
The plan ensures strong financial protection and support for individual members and their families:

• Life Insurance Coverage: Provides financial security against the risk of death, safeguarding members’ families.

• Flexible Payout Options: Choose how the death benefit is received—lump sum, regular income, or a combination—subject to the company’s approval.

• In-Built Optional Benefits: Coverage for terminal illness, critical illness, minor and major stages of cancer, hospitalisation, accidental death, and accidental total and permanent disability.

• Streamlined Health Underwriting: Simplified health assessment process, especially for larger loan amounts, making enrolment easier.

• Comprehensive Wellness Benefits: Access over 15 wellness services, including unlimited video doctor consultations and personalised wellness coaching for fitness, diet, and health management.

Cover Offered by the Digit Life Group Long Term Plan

The Digit Life Group Long Term Plan provides comprehensive protection tailored to the needs of both individuals and groups, combining core life insurance coverage with optional benefits and flexible features.

•  Death Benefit
  Offers financial protection against the risk of death, providing either a lump sum payment or an income benefit to the beneficiaries of the insured member.

• Inbuilt Optional Benefits (Riders)
  Covers critical events including terminal illness, hospitalisation, accidents, and major health conditions. Additional coverage for critical illnesses and multi-stage cancer ensures financial support during serious health challenges.

• Joint Life Cover
  Allows two individuals to be insured under a single policy with a joint sum assured, providing comprehensive protection for both.

• Coverage Options
  Members can choose from:

• Level Cover: Fixed sum assured throughout the policy term.

• Decreasing Cover: Sum assured reduces over time, usually aligned with loan repayments or liabilities.

• Flexi Cover: Allows members to adjust coverage as their needs change.

•  Accidental Death Benefit
  An additional payout in case of accidental death, offering extra financial support to beneficiaries.

• Maturity or Survival Benefit
  Provides benefits upon survival or maturity of the policy, ensuring financial support at the end of the coverage term.

Complimentary Wellness Benefits for Digit Life Customers

Digit Life Insurance provides exclusive wellness perks as part of its Group Long Term Plans, designed to make health and well-being more accessible, affordable, and convenient.

• Doctor Consultation: Unlimited 24×7 teleconsultations with general physicians for expert medical advice anytime, anywhere.

• Mental Health Services: Access top specialists in mental health, women’s health, diet, and nutrition at flat 50% discount.

• Diagnostics & Health Check-Ups: Affordable lab tests and screenings to detect and prevent health issues early.

• Specialist Teleconsultations: Speak with medical specialists at flat 50% discount for personalized guidance.

• Women’s Health Programs: Pregnancy care, PCOS/PCOD support, maternity programs, and Mum Support Groups.

• Physiotherapy Sessions: Exclusive discounts on physiotherapy consultations and sessions for stress and pain relief.

• Dental Care: Unlimited free dental consultations plus discounts on treatments.

• Sexual Wellness: Flat 15% discount on sexual wellness programs for holistic health support.

• Chronic Care Support: Personalized assistance to manage long-term health conditions effectively.

What is Not Covered in Digit Life Group Long Term Plan?

It’s important to understand the exclusions of the Digit Life Group Long Term Plan to avoid confusion and set clear expectations about coverage.

1.  Critical Illness and Multi-Stage Cancer Exclusions

   • Claims are subject to a 30-day Survival Period and a 90-day Waiting Period.

   • Conditions that are congenital or related to congenital anomalies are excluded unless disclosed and accepted at the proposal stage.

2. Pre-existing Conditions

   Any ailment, injury, or disease diagnosed or treated within 48 months prior to the policy’s effective date or its revival is not covered.

3. Suicide Exclusion

   If the insured commits suicide within 12 months of continuous coverage, the claimant receives either 80% of total premiums paid or the unexpired risk premium value (whichever is higher), provided the policy is in force.

4. Additional Exclusions for Specific Diseases and Surgeries (First 2 Years)

   • Deviated Nasal Septum and Paranasal Sinus Disorders

   • Diseases of Tonsils and Adenoids

   • Thyroid Surgery (excluding malignancy)

   • Hernia, Hydrocele, Varicocele, Spermatocele

   • Piles, Fissure, Fistula-in-Ano, Rectal Prolapse

   • Benign Prostatic Hypertrophy

   • Menstrual Irregularities, Dysfunctional Uterine Bleeding

   • Hysterectomy (excluding malignancy)

   • Uterine Fibroid, Calculus Diseases

   • Prolapsed Intervertebral Disc

   • Retinopathy, Retinal Detachment

   • Peripheral Vascular Diseases due to Diabetes, Diabetic Foot

   • Renal Failure due to Diabetes

   • Osteoporosis, Pathological Fractures

   • Cataract, Joint Replacements (except accident-related)

5. Accidental Death Benefit (ADB) Exclusions

   Death caused by infections, except those resulting from an external accidental wound.

6. Drug Abuse

   No benefits for conditions caused by drug, alcohol, narcotic, or psychotropic substance abuse unless prescribed by a registered medical practitioner.

7. Self-Inflicted Injury

   Intentional self-inflicted injuries are excluded from coverage.

8. Criminal Acts

   No benefit is payable if the insured is involved in criminal activities with criminal intent.

9. War and Civil Commotion

   Excludes conditions arising from war, invasion, hostilities, rebellion, insurrection, riots, civil commotion, strikes, or acts of violence.