FAQs

Frequently Asked Questions

DigiBima Offers Life Insurance, Health Insurance & General Insurance.
There are various tax benefits for different insurance. As an illustration, Life Insurance is essential to tax planning. According to the requirements of the Income Tax Act of 1961, by purchasing a life insurance plan, you are eligible to deduct certain expenses from your taxable income. This indicates that the insurance premiums you pay contribute to a decrease in your tax obligations.
Life insurance is unquestionably the need of the hour. The main points to consider when purchasing a life insurance policy are the age requirements for the policy and your stage of life, the best premium and coverage combination for you, background checks on your insurance company and agent, knowledge of the company's claim settlement ratio, and the policy's inclusions and exclusions. As a result, purchasing a life insurance policy is a lifetime task that should be done wisely.
Yes, both are the same, but online policies are more convenient and often cheaper.
Yes, common exclusions include self-inflicted injuries, injuries sustained while under the influence of alcohol or drugs, participation in hazardous activities, pre-existing conditions, and injuries resulting from criminal activities.
Yes, many child savings plans, such as the Sukanya Samriddhi Yojana (SSY) and Public Provident Fund (PPF), offer tax benefits. These benefits may apply to the invested amount, returns, or both, making them attractive options for tax-saving investments.
Yes, family members can be added at the time of renewal by paying an additional premium. New dependents cannot be added mid-term, except for a newborn.
It depends on the insurer’s underwriting policies. Some insurers may offer coverage with exclusions or higher premiums, while others may not provide coverage for pre-existing conditions. It’s crucial to disclose any pre-existing conditions during the application process to avoid claim denials.
Buying maternity insurance after pregnancy is typically challenging because most insurers consider pregnancy a pre-existing condition. While some insurers may offer limited coverage, it's usually best to purchase a policy before conceiving to ensure full coverage.
No, it must be purchased before your trip begins, as it covers the entire duration of your journey.