Go Digit Life Insurance Limited has expanded its product portfolio with the launch of the Digit Life Pension Plan, marking its entry into the retirement solutions segment. The new general annuity plan offers customers the flexibility to choose between fully guaranteed lifelong income and a combination of guaranteed and market-linked retirement payouts, addressing the growing demand for customised post-retirement income solutions.
The company said India’s retirement landscape is changing as longer life expectancy and rising medical costs place greater emphasis on long-term financial planning. While guaranteed annuities remain an important retirement planning tool, customers are increasingly seeking products that provide flexibility and align with their financial goals.
The Digit Life Pension Plan has been introduced with two variants. Digit Sukoon provides a 100 per cent guaranteed annuity for life, while Digit Boss combines a guaranteed annuity with a variable annuity linked to the performance of the Nifty 50 Index. The product enables customers to select retirement income structures based on their life stage, premium-paying capacity, risk appetite and long-term financial objectives.
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.”
Designed for both individual and group customers, the plan offers flexibility in premium payment options, retirement timing and payout frequency. Customers can choose between immediate and deferred annuity with a deferment period of up to 15 years, along with single, limited or regular premium payment options. Annuity payouts can be received monthly, quarterly, half yearly or annually under both single life and joint life annuity structures, depending on the selected variant.
Under the Digit Boss variant, customers can choose whether 60 per cent, 70 per cent or 80 per cent of their annuity remains guaranteed, with the remaining portion linked to the performance of the Nifty 50 Index. The guaranteed component remains fixed, while the variable annuity offers the potential for higher payouts linked to market performance.
Digit Sukoon offers multiple annuity options, including the return of purchase price under specified conditions such as death, diagnosis of specified critical illness, accidental total and permanent disability, or survival to a chosen milestone age. Selected variants also provide liquidity features, including partial withdrawals, advance annuity payouts, waiver of premium under specified conditions and provisions supporting spouse income continuity.
The plan will be available through Digit Life Insurance’s distribution network, website and mobile application, with access to wellness benefits through partner providers. The company expects retirement solutions to play an increasingly significant role as customers seek products that combine income certainty with greater flexibility and long-term financial resilience.
Digit Life Insurance reported Gross Written Premium, including inward reinsurance, of Rs 1,990 crore in FY 2025–26, representing a year-on-year growth of 51.2 per cent. With the launch of the Digit Life Pension Plan, the company aims to strengthen its presence in India’s retirement planning market.
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