Go Digit General Insurance Ltd Share Price

(GODIGIT)

Go Digit General Insurance Limited was incorporated as Oben General Insurance Limited at Pune Maharashtra on December 7 2016 by the Registrar of Companies. Subsequently name of the Company was changed to Go Digit General Insurance Limited and a fresh Certificate of Incorporation was issued by the RoC on June 12 2017. The Company is one of the leading digital full stack insurance companies leveraging its technology with an innovative approach to product design distribution and customer experience for nonlife insurance products. The Company distribute products through a diversified primarily partnershipbased model across a variety of channels. It offer motor insurance health insurance travel insurance property insurance marine insurance liability insurance and other insurance products to meet customers needs. The technology platform supports product design by enabling the incorporation of a modular product architecture and provides the backbone in application program interfaces API applications portals and website conveniently. It is one of the first nonlife insurers in India with complete operations on cloud and has developed application programming interface API integrations with several channel partners. Besides this it utilize artificial intelligence and machine learning to increase automated processing in applications and claims.The Company was the first insurers in India to offer customizable insurance for flights delayed for at least 60 minutes coverage period and payment schedule group illness insurance covering COVID19 hospitalization costs. It also introduced 100 automated travel insurance and provided 90 minutes flight delay cover. Since the start of insurance operations in 2017 the Company launched different products of which 56 were active as of March 31 2022. It offered travel insurance including flight delay and cancellation protection as well as coverage for baggage losses. Approved by the IRDAI in March 2018 it developed an unbundled mobile insurance offering to purchase coverage for specific issues with their mobile device while avoiding the need to pay for more expensive coverage options.The Company is planning to come out with a public issue by raising capital of Rs 1250 crore Equity Shares through Fresh Issue and by issuing 109445561 Equity Shares through Offer for Sale...

Listing date: 23 May, 2024
Chairperson Name: KAMESH GOYAL