Insurance

Created with the vision of the veterans,

humbled with 1.69 solvency* (1.5 required by regulator)

• 30+ Years of Experience

• Ex-CEO of Bajaj Allianz General & Life Insurance
• Ex-CEO of Allianz Asia
• Previous Head of Group Planning and Control for Allianz SE Munich

One of the largest non-life insurance companies in world, is well known for his long term and value
based investing and is a big investor in India, he was one of the founder promoters of ICICI Lombard

Was one of the founder-promoters of ICICI - Lombard

*as of 30th Jun’23

 Digit Growth Story: Fastest growing Insurance Company
Digit has consistently delivered on high growth
Number of years taken by Insurance
37%
companies to touch their first 5000 cr
Data Source: IRDA *Annual Reports
68.6x 7,243
Go Digit 4
5,268 ICICI Lombard 10

Bajaj Allianz 13
3,243
Star Health 12
2,252
HDFC Ergo 15
1,205
IIFCO Tokio 16

104 TATA AIG 17

FY18 FY19 FY20 FY21 FY22 FY23 Reliance 18

Royal Sundaram 0 Not Achieved

Digit grew by 37% in FY’23 against the Industry Shriram 0 Not Achieved
growth of 16.4%
Future Generali 0 Not Achieved

Gross Written Premium | ₹ Cr

Digit Snapshot: Fastest Growing Insurer, Fastest to reach 5000 cr premium

Digit has consistently delivered on high growth Corporate Business has also grown; 1000crs in 3 years

68.6x 7,243
479x 1,200
5,268 1,052

3,243 4,252 781

2,252

1,205 236

2.5 50
104
FY18 FY19 FY20 FY21 FY22 FY 23 FY24 YTD FY19 FY20 FY21 FY22 FY23 FY24 YTD
Sep Sep

Gross Written Premium | ₹ Cr Gross Written Premium | ₹ Cr

Stayed nimble footed & agile with changing environment

General Insurers Growth rate (YTD Sep'22 vs YTD Sep'23)

Industry 18%
United 9%
Oriental 16%
New India 8%
Tata AIG 27%
SBI 14%
Reliance 14% Digital Zero-touch Processes
National 22%
IFFCO-Tokio 12% and Continuous Product
ICICI Lombard 18%
Go Digit 32%
Innovation
Cholamandalam 33% had a major role to play here!
Bajaj Allianz 41% ------------------
Making claim registration, settlement;
Onboarding & more, super simple…

*Source – IRDAI Flash Report Sep’23

Digit Snapshot: Competition landscape
FY'23 YTD Sep'22 YTD Sep'23
Sr. No. General Insurer Year of Inception Growth %
Prem. (Cr.) Prem. (Cr.) Prem. (Cr.)
1 ICICI Lombard 2001 21,025 10,555 12,472 18%
2 Bajaj Allianz 2001 15,337 7,831 11,057 41%
3 HDFC Ergo 2002 16,636 8,002 8,722 9%
4 Tata AIG 2001 13,176 5,953 7,566 27%
5 Reliance 2000 10,339 5,659 6,449 14%
6 SBI 2009 10,828 4,987 5,691 14%
7 IFFCO-Tokio 2000 9,871 4,548 5,087 12%
8 Go Digit 2017 6,160 2,966 3,925 32%
9 Cholamandalam 2001 6,156 2,764 3,670 33%
10 Universal Sompo 2007 4,103 2,081 2,541 22%
11 Future Generali 2007 4,546 1,921 2,270 18%
12 Royal Sundaram 2001 3,379 1,550 1,687 9%
13 Shriram 2008 2,266 991 1,310 32%
14 Magma HDI 2012 2,534 1,132 1,230 9%
15 Liberty 2013 1,957 909 1,109 22%
16 Acko 2017 1,509 706 871 23%
17 Kotak Mahindra 2015 1,134 500 674 35%
18 Zuno 2017 533 269 332 23%
19 Raheja QBE 2017 380 248 89 -64%
20 Navi 2016 71 37 32 -13%

Note:
YoY growth on GDPI basis
Why people switch to Digit, solid performance

26 Lakh+ 44K+
Policies booked for Q1 FY24 Groups Insured with
Digit’s Health Products*

13,337Cr+ 1.69
Asset under management* Expected Solvency Ratio*

2,383Cr 3700+ INR 33k Crs*

Employees, with >15% workforce Valuation as on date
Estimated Capital base*
in Technology

1st Indian Insurer to be 100% on Cloud and India’s first paperless insurance company

Implementing Partnership-based model to sell customized insurance products to various *Digit’s Valuation increased by 15%
customer segments which in turn helps us to scale in Apr’22 while the market was
facing funding headwinds
* figures as of 30th Jun’23
Loved by customers, employees and partners!

Domestic General Insurer of the Year – 2022 GREAT PLACE TO WORK

Customer Service Initiative of the Year - 2022 Certified – Jan 2022 – Jan 2023

INSURANCE BROKERS ASSOCIATION OF INDIA

A-Rated Insurer – Conducted amongst its Part of FinTech 250 list – 2020, 2021 &
126 members 2022

INDIA FINTECH AWARDS Best use of Technology to enhance

Excellence in InsurTech Award - 2022 Customer Experience in Insurtech
Award
Always Delivering on our Promise !!

Marine Personal
Claim Settlement Ratio Quarter 1 FY 23-24 Fire Health
Cargo Accident
GO DIGIT GENERAL INSURANCE LIMITED 98.60% 99.70% 98.80% 99.30%
ACKO GENERAL INSURANCE LIMITED 96.60% 100.00%
BAJAJ ALLIANZ GENERAL INSURANCE CO LIMITED 81.10% 99.10% 96.80% 91.90%
IFFCO TOKIO GENERAL INSURANCE 100.00% 100.00% 95.00% 72.80%
HDFC ERGO GENERAL INSURANCE CO LIMITED 95.10% 98.70% 95.90% 96.80%
KOTKA MAHINDRA GENERAL INSURANCE CO LIMITED 85.30% 99.20% 90.70% 97.50%
ICICI LOMBARD GENERAL INSURANCE CO LIMITED 97.80% 98.10% 86.70% 67.20%
FUTURE GENERALI INSURANCE CO LIMITED 94.10% 97.90% 86.40% 84.20%
MAGMA HDI GENERAL INSURANCE CO LIMITED 99.20% 100.00% 89.90% 56.10%
LIBERTY GENERAL INSURANCE CO LIMITED 87.50% 90.30% 84.90% 82.50%
TATA AIG GENERAL INSURANCE CO LIMITED 94.80% 95.90% 92.00% 93.30%
ROYAL SUNDARAM GENERAL INSURANCE CO LIMITED 95.50% 97.90% 95.50% 96.50%
CHOLAMANDALAM MS GENERAL INSURANCE CO LIMITED 73.10% 97.20% 83.80% 80.40%
Source : Public Disclosures, NL 37 uploaded by insurers on their respective websites
Ratings by Brokers Association – “Insurer of Choice”
No Insurance company has had so many tie ups in first 5 years of operations

NBFC/BANCA Tie Ups Other Major Tie-Ups

 Commercial Lines
Product
Offerings Employee Benefits
What is in store for commercial businesses?

4
Products

Property Engineering
(Mega, IAR, SFSP, Laghu, Sookshma, Griha, Flexi (CAR, EAR, CPM, MBD, EEI etc.)
Griha, My Property)
Liability Marine
(Clinical Trial, CGL, PI, D&O, Other Financial (Open, Stock-Throughput, Specific Policies)
and Non-Financial Lines)
Property: Boundless possibilities with
Better Coverages & Better Pricing
Capacity
Digit Advantage
960 Cr PML A-Terms
• Price Flexibility and Alternative
Pricing Solutions Treaty Led by Allianz Pricing Flexibility
Offerings
• Unique and Customized Add-ons like • Mega, IAR, SFSP, Laghu, Sookshma, Griha, My Property, Flexi Griha
• Stand-Alone Terrorism, Business Interruption, Package Policies
Extra Expense Cover to protect your
business Top clients

• Highest Built-in covers with your

policies to improve coverage of your
assets

• Tailor made programs to cover Indian

Interests abroad and international
assets
Engineering with Flexi Project Periods, Pricing & Coverage
Capacity

Digit Advantage 480 Cr PML 84 Months

• Long and Flexible Treaty arrangement to Treaty Led by Flexibility on

Allianz Project Period
fit your project period
Offerings
• Wide list of add-ons and coverages on
• Contractors All Risk, Engineering All Risk, Contractors Plant &
offer with all policies enhancing your
Machinery, MBD and EEI Policies
coverage against exclusions and
unquantifiable losses
Top clients
• Facultative Arrangement with Reinsurers
for your projects providing flexible
pricing and coverages
Liability with customized offerings & specialized programs
Capacity
Digit Advantage
114 Cr
• Tailor Made policies and coverages to
Capacity Treaty Led by Allianz
suit your business and financial
interests Offerings
• Comprehensive product range to • Clinical Trial and Pharma Liability, Public Offering and Securities Insurance (POSI),
safeguard your interests against Project PI, Public Liability and CGL, D&O , Professional Indemnity, Employment
Practices Liability and Product Liability
different type of risks
• Strategic Tie-up with Newline Syndicate-1218 for Pharma & Clinical Trial Liability

• Contractual liability product which can

be leveraged to provide customized Top clients
coverages to cover assets and financial
interests
Marine Cargo Insurance, Tech Driven Holistic Solutions

Capacity
Digit Advantage
90 cr PBL
• Stock throughput program to cover
Treaty Led by Allianz
your storage and marine risk under
same policy, reducing ambiguity during Offerings
claims, making process simpler • Stock-Throughput Program
• Single Transit, Open Marine, Open Cover
• End-to-End Digital solutions to monitor • Video based claims and Pre-Dispatch surveys
claims and pre-transit inspections,
certificate issuance
Major Clients Worldwide Claim Network
• Value added services like GPS tracking
and Transit monitoring
Corporates that have
trusted us for their
Property and Assets
Corporates where we
have Lead share
 Operational Road Clients

Infra and Solar segment

Corporates insured with
Digit

Solar Clients
 Lead share

Major PSU clients

insured with Digit
(Tender)
Digit | Extended Warranty & Accidental / Liquid Damage

White Goods List of White Goods

White Goods
1. Extended Warranty - Replicates Manufacturer
Warranty terms post expiry of Manufacturer LED TV
Warranty
Air Conditioner
2. ADLD – Protects the white good against accidental
Refrigerator, washing machine, Microwave
and liquid damage (active from Day 1)
oven/OTG, Home Theatre & Music System,
Dishwasher, Electric Chimney
We can offer a comprehensive cover including both
ADLD + EW Air Purifier, Air Cooler, Water Purifier, Water
Heater, Food Processor, Cooking Gas Hob, Vacuum
Cleaner, DVR
 Commercial Lines claims – Key Highlights
• Over 8,185 Claims Settled in FY’24 YTD Sep
• 80% Cases Virtual Inspections
• Average End to end Time taken to close claims ~ 57
days
• How much time it took us to release the payment: 80.23%*
within 24 hours for final payment, post receipt for Settlement Ratio
final documents

LOBs – Property, Misc, Engineering, Liability

*Period – 1st April’23 – 30th Sep’23, Settlement
definition - Closed/ (Open + Closed + Repudiated
– out-standing)
Settling Claims, Setting Precedents – 137 Cr Claim
– Paid in Record time
Product Employee Benefits
Offerings
Group Medical Cover with Advance Payment & more
Clientele
• 31 Lacs+ Lives Insured
• 6000+ Groups Insured till now
• 86.7% In House Reimbursement TAT within 3 days*
• Complete Digital and Paperless claims
• TAT is 95.9% within 1 hr for Inhouse Pre Auth-Approval**

Sickness Benefit Cover

Digit pays 50% of monthly take home salary for up to 2
months in the event of unpaid sick leaves due to prolonged
hospitalisation

Automatic Sum Insured Reinstatement

Automatic Sum Insured reinstatement will be up to 50% of
Base Sum Insured post exhaustion of base SI

Advance Cash for pre-planned procedures

On the day of procedure, 50% of the estimate to
transferred to the Employee’s bank account & post
discharge remaining amount is transferred for
reimbursement cases

*TAT – Time taken to settle claim post receipt of last document (LDR). FY’24 YTD Sep
** Pre Auth-Approval for FY’24 YTD Sep
Advance Cash for pre-planned procedures
Industry First
• Up to 50% Advance Cash* for Planned Procedures
• 30-35% claims are reimbursement based in a GMC policy
• Avoids operations hassles for the HR team to pay advance salary
• For the employee helps to avoid blocking of funds

Advance Claim • Employee chooses a Hospital (network / non-network) for a planned procedure
Intimation • Contacts Digit and shares the Consultation/ Medical Records/ Estimate

Claim
Admissibility • Digit evaluates on the admissibility and if admissible, approves the advance amount payment
check and • Employee gets admitted in the Hospital for the procedure
approval

• On the day of procedure, 50% of the estimate to transferred to the Employee’s bank account
Settlement
• Post discharge, Employee shares the final bill. Digit transfers the remaining amount to the Employee
Inbuilt Additional Benefits for Employees
Industry First
Additional Sickness Benefit

Digit pays 50% of monthly take home salary for up to 2 months in the event of unpaid sick leaves due to prolonged hospitalization
(gets triggered after all leaves get exhausted)
• The monthly benefit amount payable will be lower of:
• 50% of net take home salary calculated as the average of net take home salary of preceding 3 months;
• Or INR 50,000/-
• Minimum Group Size must be Over 100
• This cover is applicable only for ESC and ESCP policies.
• Not applicable for Employees only or Parents only policies
• This benefit is over and above the normal SI

Industry First
Automatic Sum Insured Reinstatement

• Automatic Sum Insured reinstatement will be up to 50% of Base Sum Insured post 100% exhaustion of
base SI
• There is a minimum gap of 45 days since the Sum Insured was exhausted
• Restriction of 45 days is for same member and same illness
• Not applicable on Parents only policy or Policies where Parents are covered
• Applicable for Employee only or ESC Policies only once
What makes our Group Medical Cover Different
Flexi Program – customized plans for your employees as per their requirements
______________________________________________________________

✓ SI remained open to be chosen by employee beyond the basic SI

✓ Same premium per family, with differential benefits
 GMC

Corporates whose
teams insured with
Digit Health Insurance Group Covid / ECCD
Why choose Digit for your employees?

#1 Comprehensive Wellness Features like home delivery of medicines, setting up

doctor appointments, home collection of samples. All this with tie-ups with the ace
players in this field like mFine, Practo, Portea & more

#2 Mobile application for employees with features like: claim registration, e-card
download, above mentioned wellness program and much more

#3 Digit Dash- a HR dashboard to manage their employees’ insurance portfolio i.e.,

adding, deleting employees/ nominees, managing claims & more

#4 Paperless, digital claims: WhatsApp for Health claim registration, status of claim
and List of cashless network hospitals & Audio claims
 Industry Best Claims
Settlement Ratio 98.8% 15,000+
Claim Settlement Ratio for Cashless Hospitals
Overall health insurance

98%* 95.9%
Inhouse Pre Auth approval TAT
86.7%
In House Reimbursement
within 1 hr** TAT within 3 days**

Delivers seamless experience for cashless & reimbursement

claims

65% Powered by real-time two-way API integrations with TPAs

Others
Source: GIC council **TAT – Time taken to settle claim post receipt of last document (LDR) Period – FY’24 YTD Sep
Data as on 30th Sep’23
Customer
Speaks
Thank You
Annexures
1. Mobile App for the
Employees
What you can do from the Mobile
App

✓ Download E-card and other policy

documents

✓ Register a claim

✓ Real time claim status update

✓ Employee wellness programs

2. Dedicated Dashboard for the HR
1 View Employee List and Coverages
Team: Digit Dash

Access employee’s E Cards and Policy

2 documents

3 Add & Delete employees / dependents

Replenish funds in the account & get

4 statements

Employee’s claims management with

5 analytics
3. Paperless claims, no
hard copies required
WhatsApp based simple
processes

WhatsApp for Health claim registration,

status of claim and List of cashless network
hospitals

Audio Claims

24 x 7 - Claims
helpdesk
Wellness Benefits for Employees
WOW 52 Engagement Programme for HR
 Super-easy to access from the Digit App

Install Select Wellness tab from Book service directly

Digit Insurance App Log into the app Select a partner
bottom navigation bar from the app

And you’re done!

➾ ➾ ➾ ➾
Top-rated Health & Wellness Partners