Go Digit gets nod to start life insurance operations

Go Digit has received the IRDAI’s approval to commence life insurance operations.

In August-September 2022, HDFC Bank and Axis Bank had said they will both acquire up to 9.94 per cent stake each in Go Digit Life Insurance through investment of Rs. 50-70 crore, possibly in tranches, subject to executive of certain terms and agreements.

Digit Insurance already has general insurance operations through Go Digit General Insurance, which refiled its preliminary IPO papers with SEBI in April 2023 after making certain changes to its employee stock appreciation right scheme. It offers motor, health, travel, property, marine and liability, among other products.