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Godigit Car Insurance India – Go Digit General Insurance Company Limited was established in 2016 and is here to “make insurance simple”. Its aim is to change the way insurance works by creating simpler products and redesigning processes. The company focuses on the fundamentals and creates real life insurance solutions for people. It makes insurance products so simple that even a 15-year-old can understand them. In the financial year 2022-23, a total of 29,13,449 policies were issued and over 1,58,935 claims were received.
Claims coverage ratio (CSR) is a measure of how well an insurance company manages claims. For Go Digit General Insurance Company Limited, CSR for FY 2021-2022 is 81.9%.
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By studying an insurance company’s claims coverage rate, you can gauge its efficiency and ability to handle claims effectively. A company with high CSR is considered more reliable and trustworthy in meeting its financial obligations. It is also important to review the insurer’s CSR record over the past few years to see if it is trustworthy and reliable.
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The solvency ratio is an important indicator that evaluates the financial strength and stability of an insurance company. It shows the company’s ability to meet financial requirements and obligations. As per Insurance Regulatory and Development Authority of India (IRDAI) regulations, insurance companies must maintain a minimum solvency ratio of 150%. This ensures that they have sufficient financial resources to meet their obligations.
As of March 31, 2023, Go Digit General Insurance Company Limited has an impressive solvency ratio of 178%. This means they have a strong financial position with resources above the minimum required. This ensures that they can easily meet compensation payments and other financial obligations.
Network Hospitals Network hospitals are hospitals that partner with an insurance company to provide cashless treatment. When you receive treatment at a network hospital, the insurer or designated third-party administrator (TPA) pays the hospital bills directly. Also, you only pay for supplies, administrative fees, registration fees, etc. You have to pay for expenses not covered by the policy like Go Digit General Insurance Company Limited has a large network of over 10,500 hospitals that provide cashless treatment. You can easily find network hospitals based on your location by visiting https://www.godigit.com/health-insurance/digit-cashless-network-hospitals-list. This link also provides information on whether the hospital you choose is listed by your insurer. and how many hospitals in your area I am part of their network. Network garages Network garages are authorized garages affiliated with an insurance company where you can repair your vehicles in the event of an accident or breakdown. In this case, you do not need to pay the bills directly and the insurance company will cover the costs. You only need to pay your deductible and any applicable supplies. Go Digit General Insurance Company Limited has over 9,500 garages in its network where you can get your car repaired without any upfront payment. You can find online garages based on your location by visiting https://www.godigit.com/garages. This link also allows you to check the number of garages listed with your insurer. from your area. Customer Service Toll Free For any assistance or queries regarding your policies. insurance, you can contact Go Digit General Insurance customer service center at toll free number 1800-103-4448. Email If you prefer to contact us via email, you can send your questions, support requests to [email protected]. The Go Digit General Insurance team will contact you promptly. If you have any doubts, questions or concerns, you can easily contact Go Digit General Insurance Company Limited through these alternative communication options – Twitter: https://twitter.com/heydigit Facebook: https://www.facebook.com/ digitgeneralinsurance Whatsapp :70260 61234 Other Important Links You can login to your Go Digit account and easily manage your insurance policies by visiting https://www.godigit.com/login. Keep your policy updated and get the latest information by visiting https://www.godigit.com/check-digit-policy-status https://www.godigit.com/check-digit-policy-status You can maintain your health check insurance you can monitor the status of your claim using a special monitoring portal https://www.godigit.com/health-claim-status OUR CARE – we tried to see the world through the eyes of our customers. We are simply there for you – in good times and in bad.
Go Digit General Insurance Company was founded in 2016 and is headquartered in Bangalore. The company is one of the newest players in the rapidly growing general insurance industry in India and offers health insurance, motor insurance, fire insurance, cyber insurance, marine insurance, liability insurance and more. offers insurance policies like Go Digit General Insurance Company Limited is a subsidiary of Go Digit Infoworks Services Private Limited. Go Digit Infoworks services are promoted by Kamesh Goyal, Oben Ventures LLP and FAL Corporation. FAL Corporation is a wholly owned subsidiary of Fairfax Financial Holdings Limited. GoDigit General Insurance Company Gross Premium Written Rs7,016 Crores in FY24, Rs7,243 Crores in FY23. FY, while profit after tax in FY 24 was 182 crore and reported profit after tax of 36 crore in FY 23. GoDigit’s market share was 3.1% in FY24. GoDigit sold €1.1 million insurance policies in FY24.
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GoDigit General Insurance Company Ltd is a relatively new player in the Indian general insurance industry. GoDigit was incorporated in December 2016 and received regulatory approval to operate as a general insurer in July 2017.
GoDigit started operations in July 2018 with the launch of car insurance products. As of March 2024, the company served 4.7 million customers in India. GoDigit has a strong distribution network with tie-ups with individual agents, POSPs, corporate agents, car insurance service providers and insurance brokers.
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General Insurance Company GoDigit offers marine insurance policy, fire insurance policy, product liability insurance policy, group health insurance policy, workers compensation insurance, professional insurance policy, cyber insurance policy and many others. offers business insurance policies such as
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The GoDigit Group Health Insurance Policy provides full coverage for the hospitalization expenses of employees and their family members. The insurance policy also covers day care procedures, pre-hospitalization and post-hospitalization expenses.
GoDigit Group’s personal accident insurance policy provides compensation to employees in the event of disability or death due to an accident. The policy provides coverage for Accidental Death, Permanent Total Disability (PTD), Permanent Partial Disability (PPD) and Temporary Total Disability (TTD).
GoDigit’s workers’ compensation insurance policy insures employers against their legal liability for workers’ compensation in the event of injury, disability or death resulting from accidents occurring in the course of employment under the Workers’ Compensation Act of 1923.
Fire Insurance Policies by GoDigit General Insurance Company Ltd GoDigit Standard Fire and Special Risks Insurance Policy
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Go Digit Fire Insurance policy covers loss or damage to insured assets caused by fire and related perils. The policy can cover buildings, plant and machinery, stocks, furniture, equipment and accessories, if the total value of assets at risk for all classes of insured assets combined exceeds 50 million lei.
GoDigit Bharat Sookshma Udyam Suraksha Policy provides insurance for damage to buildings and structures, fixtures and fittings, plant and machinery, stock and other business assets. The policy can be purchased by companies with a total risk value for all asset classes. Not more than Rs 5 crore anywhere on the date of entry of the policy
The GoDigit Bharat Laghu Udyam Suraksha policy covers loss or damage to property due to fire and other perils. The Policy can be purchased by companies with a total exposure value of more than Rs.5 million but not more than Rs.50 million on the date of commencement of the Policy for all classes of Insured Assets combined.
GoDigit Bharat Griha Raksha Home Insurance Policy This policy offers comprehensive residential property coverage at affordable premiums. The policy insures the house building and its contents against any damage or loss caused by perils such as fire, theft, natural disasters, riots, strikes, willful vandalism, acts of terrorism and robbery.
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GoDigit’s D&O liability insurance policy protects the company’s directors and officers from liability arising from actions related to their corporate responsibilities. The policy covers defense costs and indemnity costs.
GoDigit’s commercial general liability insurance policy covers legal liability arising from bodily injury or property damage to third parties caused by the Insured’s business operations, products or injuries occurring at the Insured’s business premises. The policy covers defense costs and indemnity costs.
GoDigit’s professional insurance policy provides coverage for torts that result in financial loss to a third party as a result of the Insured’s product not performing a function or being fit for purpose or providing services in accordance with the terms and conditions of the contract.
GoDigit’s special marine insurance policy indemnifies the insured in case of cargo loss or damage during transport by land, sea or air. The policy covers one transit and a separate policy must be issued for each transit.
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GoDigit’s external policy provides an annual
