Go Digit Life Insurance Limited (Digit Life Insurance), one of India’s leading new-age life insurance companies, announced its entry into the retirement segment, launching two variants of Digit Life Pension Plan, a general annuity plan.
The plan will give customers a choice between two distinct retirement income solutions. Digit Sukoon will offer 100% guaranteed annuity, while Digit Boss will combine guaranteed annuity with a variable annuity portion linked to the Nifty 50 Index. Designed to deliver income for life, the plan is available for both individual and group customers and will also be available on its app and website.
The product is designed to offer deep level of customization to cater to the retirement needs of wide range of customer segments based on life stage, premium-paying capacity, risk appetite, payout preferences, among others. The plan offers a wide range of annuity options, flexibility to choose immediate or deferred annuity (with deferment of up to 15 years), flexible premium paying option (single, limited and regular pay), choice of income payout frequency (monthly, quarterly, half-yearly or annual payouts), and both single life and joint life annuity choices under applicable variants.
Commenting on the launch, Sabyasachi Sarkar, MD & CEO, Digit Life Insurance, said, “Retirement planning needs are changing rapidly, and customers today are looking not just for lifelong income, but for solutions that reflect their own financial priorities: certainty for some, and a measured participation in market-linked upside for others. With Digit Life Pension Plan, we are bringing both these needs together in one product architecture, while giving customers the flexibility to tailor payouts and retirement income structures in a way that makes the most sense to their individual needs.”
DIGIT BOSS: STABILITY WITH GROWTH POTENTIAL
Digit Boss is designed for customers who want a balance between stable income and growth potential. It aims to provide the best of both worlds by combining a guaranteed annuity component with a variable annuity linked to the performance of the Nifty 50 Index, creating the possibility of higher income while retaining a safety net. Here, the customers will have the flexibility to choose a mix of guaranteed (60%, 70% or 80%) and variable annuity proportions.
Key highlights of Digit Boss:
- Combines guaranteed annuity with Nifty 50 Index-linked variable annuity for life.
- Variable annuity payout can vary based on Nifty 50 Index performance, while the guaranteed portion will stay fixed as per the chosen proportion.
- Customers can choose mix of guaranteed & variable annuity proportion at inception.
- Available in both Immediate Annuity and Deferred Annuity forms.
- Offered for both Single Life and Joint Life Annuity.
- Waiver of premium option that insulates secondary annuitant from premium payment liability upon death of primary annuitant in a joint life non-single pay annuity.
- Return of 100% of premium paid on death (on second death in case of joint life).
DIGIT SUKOON: 100% GURANTEED LIFELONG INCOME
Digit Sukoon is meant for customers who want absolute certainty and stable post-retirement cash flows. It offers 100% guaranteed annuity for life and comes with a broad menu of annuity options, giving customers flexibility to shape retirement income around income continuity to dependents, return of capital, health-related contingencies and milestone-based needs. It also allows customers to pick between uniform income or yearly increasing income for life.
Key highlights of Digit Sukoon:
- Offers 100% guaranteed annuity for life with no market-linked exposure.
- Wide range of annuity options across immediate and deferred annuity structures.
- Customers can choose annuity options with return of purchase price (getting back all premiums paid) in case of death, critical illness or accidental total and permanent disability, or on survival at a chosen milestone age.
- Available across applicable options for Single Life and Joint Life Annuity.
- Waiver of premium option in case of diagnosis of specified critical illnesses or accidental total & permanent disability. Also insulates secondary annuitant from premium payment liability upon death of primary annuitant in a joint life non-single pay annuity.
- Liquidity options like partial withdrawals and flexibility to advance annuity payouts.
The plan also includes various wellness benefits across categories through wellness providers. Digit Life Insurance has launched various group and individual products, spanning Protection, Savings, and Combi layers across Retail and Group segments. In FY 2025-26, it clocked Gross Written Premium (including Reinsurance inward) of ₹1,990 crore, up 51.2% YoY.
About Digit Life Insurance
Go Digit Life Insurance Ltd (“Digit Life Insurance”) is a new life insurance company, which aims to provide a seamless customer experience journey to its customers through innovation and transparency. It has launched various group and individual life insurance products since inception. The Company aims to solve the complexity around life insurance products and plans to offer products that are easy to understand and relevant to the new-age Indian consumer. Oben Ventures LLP (promoted by Kamesh Goyal) and FAL Corporation (having Fairfax Financial Holdings Limited as its ultimate parent company) are the promoters of Digit Life Insurance. Fairfax Financial Holdings Limited is listed on the Toronto Stock Exchange in Canada. With its corporate office situated in Bengaluru, Digit Life Insurance aims to build straightforward, paperless processes for life insurance products, supported by technology solutions developed completely in-house.
THE GAP IN TODAY’S RETIREMENT PLANNING
- With rising life expectancy, retirement can now span 25-30 years, requiring income security for longer.
- Medical inflation is projected at 13%^ in 2025, adding pressure to retirement savings.
- Flat annuities can erode purchasing power, especially as living and healthcare costs rise.
- Most annuities offer limited upside, with gaps around health-event and spouse income protection.
WHAT DIGIT LIFE AIMS TO SOLVE
- Give retirees a clear choice between 100% guaranteed income and mix of guaranteed plus market-linked income throughout the life.
- Digit Boss protects lifelong income through a guaranteed annuity floor along with Nifty 50 index-linked higher income potential.
- Address real retirement risks: longevity, inflation, rising healthcare costs, spouse income protection, and legacy.
