Digit Health Insurance Benefits

Go Digit General Insurance Company provides a wide range of insurance products online, health insurance being one of its most trusted products. A good news is that all insurance policies are available online at reasonable rates without agent commissions. Currently, the insurer has 1,500 strategic partners, including agents, dealers, brokers that are spread across 70 cities and towns.This insurance company is also investing in a technology-driven platform, such as Artificial Intelligence (AI), in order to provide customers with customised insurance products at low prices.

Additional Benefit of Free Health Check up

When you choose a Go Digit insurance policy, you reap the benefits of a free medical check-up, provided that you renew the policy with the insurer without a break. Because the insurance company is worried about both your health and your money, it will cover costs of a health check-up up to the sum insured amount specified in the policy wording.

Additional Protection over Employer Coverage

Sometimes, employer-sponsored insurance is insufficient to cover the costs of treatment of certain diseases. However, in the case of a medical emergency, Go Digit's insurance policies prove to be sufficient.So, it is better to choose an additional cover and ensure financial stability in a crucial time. With a Go Digit health insurance policy in hand, you can meet the need for money in case of a medical emergency.

Cashless Benefit

Go Digit allows users to make a cashless claim while being treated at any network hospital in the case of a medical emergency. You can also submit a reimbursement claim where cashless service is unavailable.

Claim Settlement Ratio

Claims Settlement Ratio is the ratio of the claims settled by the insurance company against the total number of claims received during a financial year. The CSR of Go Digit for FY 2019-20 is 63.56%.

Coverage against Medical Expenses

Go Digit health insurance policies are framed to cover medical expenses, including pre-hospitalisation and post-hospitalisation, in-patient treatment, daycare treatment, maternity, newborn baby cover, emergency road and air ambulance cover, domiciliary treatment, alternative treatment, AYUSH treatment, organ donor transplant, medical practitioner fees for infertility/sub-fertility treatments and much more.

Incurred Claim Ratio

Incurred Claims Ratio i.e. ICR is referred to as ‘Net Earned Premium.’ If ICR of an insurance company is 70%, it means the company has spent Rs. 70 for every Rs. 100 earned premium. So, Rs. 30 is the profit of the insurer. ICR of GoDigit for the financial year 2019-20 is 51.83%. Note that the Incurred Claims Ratio (ICR) changes from time to time.

Tax Benefit

Premiums paid for Go Digit health insurance policies qualify for tax deduction under Section 80D of the Income Tax Act.

There are some features you can use by choosing Go Digit’s critical illness insurance policy, such as:

• Portability option
• Lifelong renewability
• Cashless treatment
• Discounts on premiums
• In-house claim process

The benefits of Go Digit’s Health Plus Policy are manifold. With it, you can avail the best treatment for life-threatening diseases without thinking of skyrocketing medical costs.