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!

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!

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!

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!

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!

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!