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Digit Insurance has 2 million customers

New age insurance company Digit Insurance said it crossed a landmark of 2 million customers in about 16 months of operations. During this period, the company has also closed more than 30,000 claims with 92% Claim Settlement Ratio for private cars own damage, 91% for two-wheelers own damage, 99.5% for domestic travel, 97% for mobile and 93% for international travel during the period April 2018 to February 2019. Digit started its operations in October 2017, and it has expanded its distribution through its direct channel partners. The company has built a strong network of 1500 strategic partners including agents, brokers and dealers. It has a presence in large and small cities and towns alike, through its distribution network. Digit’s chairman, Kamesh Goyal said the company has the mission of simplifying insurance for people on the back on simple documents, simple processes and reimagined products with real benefits.

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