- ZestMoney customers can now be worry free with the help of Digit Insurance.
- For covering personal accident and critical illness, Digit Insurance will be an opt-in choice and part of the loan request completion process.
Bengaluru, June 16, 2019:Digit Insurance, the fastest growing General Insurance company that wants to make insurance simple, has announced its association with ZestMoney, India’s largest and fastest growing consumer lending technology company that helps customers with absolutely no credit history to get loans and buy online. Through this partnership, customers not only gain access to acquiring whatever they want online but also remain worry-free in case of an unfortunate eventuality of personal accident or critical illness.
The plan will cover customer loans under the following circumstances:
- Permanent Total Disability
- Accidental Death
- Permanent Partial Disability
- Hospitalisation because of critical illness
Jasleen Kohli, Chief Distribution Officer, Digit Insurance, said, “We look at various ways to be a part of customer’s journey in building their socio-economic status and to protect them during their times of need. Partnering with ZestMoney is like partnering with a kindred spirit as we both look to disrupt the fintech space. Our aim with this partnership is to enable customers to buy what they want, without the need to worry in times of an unfortunate circumstance. This will further boost the customer’s capacity and confidence to purchase online.”
RBI data says there are roughly 45 million credit cards issued in India. Given duplicity and dormancy, that suggests around 20 million people are actively using credit cards (maybe less) i.e. less than 5% of the adult population, a miniscule number in a global context.
ZestMoney offers instant financing, at the checkout using technology to facilitate the purchase and to make life more affordable for everyone.
Digit recently announced crossing 2.8 million customers and 35,000 claims for the FY 2018-19 and have crossed a premium of more than INR 1200 crores.
Corporate Comm India(CCI Newswire)
