{"id":12634,"date":"2021-02-25T07:03:28","date_gmt":"2021-02-25T07:03:28","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/?p=12634"},"modified":"2021-02-25T07:03:28","modified_gmt":"2021-02-25T07:03:28","slug":"digit-insurance-joins-the-unicorn-club-with-1-9b-valuation","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/02\/25\/digit-insurance-joins-the-unicorn-club-with-1-9b-valuation\/","title":{"rendered":"Digit Insurance joins the Unicorn club with $ 1.9B valuation"},"content":{"rendered":"<ul>\n<li style=\"text-align: justify;\">Valued at <strong>$ 1.9 billion, doubling since last year.<\/strong><\/li>\n<li style=\"text-align: justify;\">Achieved this in a span of <strong>3 years<\/strong> of operations.<\/li>\n<li style=\"text-align: justify;\">Existing PE investors are participating.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Indore, 25th Febuary 2021 ( Odisha Samachar )<\/strong>: <a href=\"http:\/\/www.godigit.com\">Digit Insurance<\/a>, a General Insurance company, started in 2017 with a mission to make insurance simple in India, becomes<strong>this year\u2019s 1<sup>st<\/sup> Indian Unicorn at a valuation of $ 1.9 billion<\/strong>.<\/p>\n<p style=\"text-align: justify;\">In an almost-recession like year for most businesses and when the insurance industry itself grew by 0.1%*, <strong>Digit grew by 31.9%,<\/strong> earning a <strong>premium of $186 million<\/strong> (April\u201920-Dec\u201920) and claims to have <strong>1.5 crore customers since inception<\/strong>. Within a short span of 3 years, Digit has alsogarnered profits in all 3 quarters of FY 20-21 **. They also hold a customer rating of 4.9 stars on facebook based on 14,000+ customer reviews***.<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" class=\" wp-image-12635 alignleft\" src=\"https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2021\/02\/Untitled-8-copy.jpg\" alt=\"\" width=\"256\" height=\"233\" \/><\/p>\n<p style=\"text-align: justify;\">The young Unicorn uses technology to simplify processes for their customers, like smartphone-enabled self-inspection and audio claims. They are 100% on cloud and have launched several innovative offerings relevant to the ever-emerging needs of customers.<\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">Under the unique and commendable sandbox initiative of IRDAI, they launched a novel<strong> COVID-19 product<\/strong>, a Fixed benefit cover for COVID-19. They have also been able to reach out tomore than <strong>20 lakh Indian lives<\/strong> through their Digit Group Illness Insurance product<strong>.<\/strong><\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">The Fairfax backed insurance company, headquartered in Bengaluru, is founded by insurance veteran Kamesh Goyal, who with over 30+ years has worked in both General Insurance and Life Insurance spaces. Before founding Digit, he was the Head of H8- Asset Management &amp; US life insurance Company for Allianz Asset Management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Valued at $ 1.9 billion, doubling since last year. Achieved this in a span of 3 years of operations. Existing PE investors are participating. \u00a0 Indore, 25th Febuary 2021 ( Odisha Samachar ): Digit Insurance, a General Insurance company, started in 2017 with a mission to make insurance simple in India, becomesthis year\u2019s 1st Indian &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[42,38],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/12634"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=12634"}],"version-history":[{"count":1,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/12634\/revisions"}],"predecessor-version":[{"id":12636,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/12634\/revisions\/12636"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=12634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=12634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=12634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}