Search company, investor...

Founded Year



Unattributed | Alive

Total Raised




About Digit Insurance

Digit Insurance provides digital insurance solutions. It offers an online platform for users to avail of various types of insurance services, including car insurance, life insurance, health insurance, and property insurance. Digit serves the financial sector. The company was formerly known as Oben General Insurance. It was founded in 2016 and is based in Bengaluru, India.

Headquarters Location

Atlantis, 95, 4th B Cross Road Koramangala Industrial Layout, 5th Block, Karnataka

Bengaluru, 560095,




Digit Insurance's Product Videos

ESPs containing Digit Insurance

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

Insurance / P&C Insurance Tech

The full-stack insurtech carriers — auto market comprises insurtech carriers that underwrite automotive insurance. These insurtech carriers were founded as startups with tech-centered operating models and are typically backed by venture capital, unlike most established carriers with which they compete. As with established carriers, insurtech carriers will typically also be licensed by respective a…

Digit Insurance named as Leader among 12 other companies, including Acko, Lemonade, and Clearcover.

Digit Insurance's Products & Differentiators

    Digit Health Care Plus

    A comprehensive health insurance plan with simple online processes, no age-based co-payment, no room rent restriction, the option to bump up sum insured, a large network of hospitals pan India for cashless claims. The product is designed to suit youngsters, families, old & wise, fitness enthusiasts, corporate hotshots, employees and finally, value seekers. Customers can choose from three options - Smart, Comfort and Comfort Pro based on what suits their needs best.


Expert Collections containing Digit Insurance

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Digit Insurance is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.


Unicorns- Billion Dollar Startups

1,229 items


Fintech 100

999 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.



4,196 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience



12,502 items

Excludes US-based companies


Insurtech 50

50 items


Tech IPO Pipeline

257 items

The tech companies we think could hit the public markets next, according to CB Insights data.

Latest Digit Insurance News

Fairfax Rejects Allegations Of Falsely Showing Its Indian Portfolio Digit As Profitable In 2021

Feb 17, 2024

SHARE SUMMARY Fairfax denied accusations made by short seller Muddy Waters regarding its Indian portfolio company Digit Insurance, particularly refuting claims of falsely portraying profitability In a recent study, the forensic-activist investing firm Muddy Waters alleged that Fairfax Financial Holdings “hatched a plan” to take extremely aggressive fair value gains on its ownership in unlisted insurer Go Digit General Insurance Prem Watsa, the Indian-Canadian founder of Fairfax, along with the company's management team, responded to inquiries during a conference call FOLLOW US Fairfax Holdings has refuted the allegations made by short seller Muddy Waters against its Indian portfolio company Digit Insurance of falsely showing it to be profitable in the annual report in 2021. Prem Watsa, the Indian-Canadian founder of Fairfax, along with the company’s management team, responded to inquiries during an investor conference call on Friday (February 17), vehemently refuting all of Muddy Waters’ allegations. The call was held to address concerns about alleged asset value manipulation levelled against the company. “Fairfax’s reporting framework is IFRS, not US GAAP. We have been following IFRS since 2010,” the company’s chief financial officer Jennifer Allen clarified, adding that Digit was profitable under IFRS in 2021. Under Indian accounting standards, the company’s accounts for its operations in India reflected a loss in the year 2021. In a recent study, the forensic-activist investing firm Muddy Waters alleged that Fairfax Financial Holdings “hatched a plan” to take extremely aggressive fair value gains on its ownership in unlisted insurer Go Digit General Insurance during 2021. “In Q42020 – Q12021, rather than buying back shares, Fairfax put in place Total Return Swaps (TRSes) on its stock. On the surface, TRSes seem like a risky way of returning capital to investors, because if the stock declined, Fairfax would take both P&L and Book Value hits. Plus, it has no anti-dilutive feature such as would be guaranteed to increase shareholder value permanently,” said Muddy Waters. Watsa said that Muddy Waters deliberately targeted investments where the market value was lower than the value recorded in Fairfax’s books, while overlooking numerous other investments where the latter had marked them in its books at values below their market worth. “One-sided arguments have been made by not mentioning one company where the carrying value is below market value”, he said. Founded in 2017 by Kamesh Goyal, Go Digit offers insurance policies across verticals including motor vehicle, health, travel, and property. Besides Prem Watsa’s Fairfax, the startup is also backed by prominent names such as Sequoia, cricketer Virat Kohli, and actor Anushka Sharma. Go Digit competes against the likes of Acko, ICICI Lombard, Bajaj Allianz, Tata AIG, and more. Last year, Go Digit General refiled draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its $440 Mn initial public offering (IPO) to address the concerns raised by the markets regulator about its employee stock appreciation plans. SEBI put Go Digit’s proposed IPO in ‘abeyance’ in September 2022. SEBI said that the startup was ‘not eligible’ for an IPO over concerns around the issuance of stock appreciation rights to its employees.

Digit Insurance Frequently Asked Questions (FAQ)

  • When was Digit Insurance founded?

    Digit Insurance was founded in 2016.

  • Where is Digit Insurance's headquarters?

    Digit Insurance's headquarters is located at Atlantis, 95, 4th B Cross Road, Bengaluru.

  • What is Digit Insurance's latest funding round?

    Digit Insurance's latest funding round is Unattributed.

  • How much did Digit Insurance raise?

    Digit Insurance raised a total of $478.85M.

  • Who are the investors of Digit Insurance?

    Investors of Digit Insurance include HDFC Bank, Axis Bank, Peak XV Partners, IIFL Finance, RS Filmcraft and 17 more.

  • Who are Digit Insurance's competitors?

    Competitors of Digit Insurance include MobiKwik, Next Insurance, Bima Milvik, Spruce, Snapsheet and 7 more.

  • What products does Digit Insurance offer?

    Digit Insurance's products include Digit Health Care Plus and 3 more.


Compare Digit Insurance to Competitors

Snapsheet Logo

Snapsheet specializes in insurance technology solutions. It enables a claim process starting with virtual estimations all the way to final repairs and payment, by generating communication between consumers, shops, and carriers. The company offers a range of services including appraisals, claims management, and payments, all aimed at managing the insurance claims process. It primarily serves the insurance industry. It was founded in 2011 and is based in Chicago, Illinois.

Collective Health Logo
Collective Health

Collective Health focuses on providing integrated health benefits solutions. The company offers a platform that combines various health benefits including medical, dental, vision, and pharmacy, aiming to simplify the administration of health benefits, manage costs, and improve the health outcomes of employees. Its primary customers are employers seeking to provide comprehensive health benefits to their employees. It was founded in 2013 and is based in San Francisco, California.

Bima Milvik Logo
Bima Milvik

Bima Milvik provides digital health solutions in the healthcare industry. The company offers services such as telemedicine, discounts on medicines and lab tests, hospital cashback, and a health wallet with points. BIMA primarily serves underserved families across South Asia, Southeast Asia, and Africa. It was founded in 2010 and is based in Stockholm, Sweden. In October 2023, CapitalSG and LeapFrog Investments acquired a majority stake in Bima Milvik.


Alan focuses on health and wellness, operating in the insurance industry. It offers health insurance services, providing solutions tailored to the needs of different types of businesses, from startups and small businesses to large corporations, as well as independent workers. The company was founded in 2016 and is based in Paris, France.

Sidecar Health Logo
Sidecar Health

Sidecar Health focuses on the health insurance industry. It offers modern, consumer-driven health insurance plans that provide transparency and control over costs and choices. The company primarily serves individuals, families, and employers. It was founded in 2018 and is based in El Segundo, California.

Turtlemint Logo

Turtlemint provides an online insurance platform. It offers insurance services from various providers, allowing users to compare different plans. It also provides car, bike, life, and health insurance. It was formerly known as Invictus Insurance Broking Services. The company was founded in 2015 and is based in Mumbai, India.


CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.