#InsuringIndia - A Digit Insurance Podcast

#InsuringIndia - A Digit Insurance Podcast

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#InsuringIndia - A Digit Insurance Podcast episodes

  • Decoding Personal Accident Cover: The What, The How and The Why

    Contrary to popular belief, accidents are quite common in India. In fact, India accounts for 11% of accident-related deaths worldwide. one of the most common form of accidents is road accidents. The number of people killed in road crashes in India touched an all-time high in 2022 with fatalities crossing 1.68 lakh, which translates to 462 deaths per day or one every three minutes. We saw 4.43 lakh people also being injured due to such road accidents.

    But, from an insurance point of view, what kind of coverages are available to individuals? In this brand-new episode of #InsuringIndia, we speak to Akanksha Jain, Head - Motor Product, Digit Insurance, to understand the nuances of a Personal Accident Cover, type of covers available in the market, various coverages it provides and more. Tune In!

    15 min
  • Explained: Understanding IRDAI’s New Exposure Draft

    The Insurance Regulatory and Development Authority of India (IRDAI) on December 12th, 2023, released an Exposure Draft proposing a host of changes. Among various other changes suggested is the measure proposed to increase the surrender value of non-linked policies. The 28-page document also lists down various other proposals and has requested all stakeholders to forward their comments and suggestions by 3rd January 2024. In this brand-new episode of Insuring India, we speak to Sabyasachi Sarkar, Appointed Actuary of Go Digit Life Insurance to understand what these regulations are, why it is being proposed, how it will benefit policyholders, and more! Tune in!

    34 min
  • The Right Way to Buy Term Insurance

    When we think about financially preparing ourselves for life's uncertainties, Life Insurance is probably the first thing on everyone's mind. The financial burden of an earning member of the family passing away can be immense. Term Life Cover is probably the first thing on everyone's list when one thinks of financially protecting our life. It is a pure life cover that provides only the death benefit to the policyholder's family in case of your untimely demise. In this episode of #InsuringIndia, we speak to Ashok Manwani, Vice President - Products, Go Digit Life Insurance, to understand how one should pick the right life insurance cover, how to identify the right insurer, mistakes one should avoid, and more. Tune In!

    32 min
  • Switching Gears: Understanding EV Insurance

    The world is slowly looking at EVs more seriously than ever and the segment is seeing a steady growth. Between June 2022 and May 2023, India saw over 13 lakh EVs being sold and in FY2022 the segment saw a growth of over 200% YoY. This brings the discussion on having a specific motor insurance product into the fore. Electric Vehicle differs a lot from an ICE vehicle and their repair costs, vehicle parts, and damages they can incur differ. In this episode of #InsuringIndia, we speak to Mayur Kacholiya, Head of Motor Product at Digit General Insurance, to understand the difference between an ICE and EV vehicle, why it’s challenging to price an EV insurance product, what are the new options available in the market, how are they priced, and more. Tune In!

    28 min
  • Covering Your Furry Fam: The Need for Pet Insurance
    Dogs are the most common pets in India, and we have the 6th largest pet dog population in the world. However, despite being pet dog owners, the awareness related to different infections, diseases, or conditions they are exposed to remains very low. Many are even unaware how expensive some of the treatments can be. On this episode with Dr Renjith, Head - Pet Insurance, Digit General Insurance, we talk about how Pet Insurance can help pet owners, what all things it entails, ways to protect our furry friends, and more. Tune in!
    23 min
  • How to protect India’s fragile small businesses and MSMEs from adverse risks?
    Small businesses, SMEs and MSMEs form the backbone of the Indian economy and contribute over 30% to India's GDP, and employ over 40% of India’s workforce. However, they are exposed to various types of risks that they might not be fully equipped to withstand. In this episode of Insuring India, we talk to Rajeev Singh, Chief Technical and Risk Officer, Digit Insurance about the type of risks these businesses exposed to, what type of insurance covers are available for them, and more. Tune in!
    22 min
  • How do insurance companies invest your premiums?

    Have you ever wondered what general insurance companies do with the premiums they collect from customers? In this episode of Insuring India, we talk to Parimal Heda, Chief Investment Officer at Digit Insurance, about how general insurance companies invest their money. We discuss the different types of investments that insurance companies make, how they manage risk, and what measures they have in place to protect the premium they have received from policyholders. Tune in!

    22 min
  • Quick Guide: All You Need to Know About Commercial Vehicle Insurance
    It is often noted that a number of huge third-party insurance claims typically come from incidents that are caused by commercial vehicles. So, whether you own a fleet of trucks, buses, cabs, it is extremely important to have a commercial vehicle insurance. In this episode with Abhinav Goel, AVP - Marketing, Digit Insurance, we discuss the importance of commercial vehicle insurance, delve deeper into the types of coverages it offers, things to keep in mind when buying a CV insurance and more. Tune in!
    21 min
  • Know Your Rights: How to Seek Redressal for Customer Complaints in Insurance Industry

    According to news reports, nearly one-third of the consumer complaints received by the department of consumer affairs are of insurance sector. Despite of whose fault it might be, moments like these can be incredibly frustrating as a customer. Sometimes, customers are not even aware of what redressal mechanisms are available to them. In this episode with Rasika Kuber, Chief Compliance Officer, Digit Insurance, we discuss what types of disputes are most common in the insurance industry, what redressal mechanisms are available to customers from insurer as well as regulator's side, what customers can do to avoid insurance disputes, and more. Tune In!

    23 min
  • Fresh Perspective: Exploring the hidden gaps in India’s health insurance
    India has a population of 1.4 billion people. We keep talking about how deeply underpenetrated the health insurance market is in India. Despite knowing the benefits of having a health insurance cover, most Indians do not have any type of coverage. Many still consider it a product that is complex and is filled with multiple terms and conditions. In this episode with Tanya Marwah, Head – Brand Marketing, Digit Insurance, we explore what are the gaps in health insurance, why are Indians still hesitant in buying a health cover, and how should someone who is out in the market to buy health insurance approach things. Tune in!
    43 min

About #InsuringIndia - A Digit Insurance Podcast

From the publisher's feed

Unlike before, understanding insurance is no longer a cumbersome task. Companies like us are focused on simplifying insurance. In fact, the endeavour is to ensure that even 15-year-old kids are able to understand policy documents. Our ultimate goal is to cut through the clutter and make insurance more accessible.