Overview
Digit Double Wallet Plan Digit Worldwide Treatment Plan Comparison Feature comparison Conclusion
Digit Double Wallet Plan
Digit Worldwide Treatment Plan
Introduction
When comparing the core benefits and limitations of two insurance products, it is crucial to review the policy documents for each. These documents contain detailed terms and conditions that can differ between insurance companies. Variations may occur in the claim processes and the network of hospitals offering cashless benefits. Therefore, always ensure that your preferred hospital is included in the network of your chosen insurer.
Both products are marketed by the same insurance company, Digit. The Double Wallet plan is designed in a way to keep your monthly premiums low while at the same time providing you with a cover that can take care of your emergency medical needs including hospitalisation.
Key Benefits of Digit Double Wallet Plan
Wellness benefits like teleconsultation, healthcare at home, yoga and mindfulness available through Digit app
Day-care procedures covered
No co-pay
No room rent cap
Up to 10% additional sum insured on no claims in the insured period
The Digit Worldwide Treatment Plan is a product for those looking for a more comprehensive cover that also covers medical treatments abroad. This is a great offering for those looking for a hassle-free cover that gives you access to treatments in hospitals outside India.
Key Benefits of Digit Worldwide Treatment Plan
Treatments abroad are covered for certain illnesses and medical conditions
Sum insured reinstated once in a policy year for the same or different medical condition
50% additional sum insured amount for every year without any claims capped at a maximum of 100%
No room-rent caps
Wellness programs for yoga, mindfulness, and doctor teleconsultations through Digit app
Emergency air ambulance coverage
In-built personal accident cover up to 1 lakh
60/180 days of pre/post hospitalisation
Here's a quick comparison between the two products
Digit Double Wallet Plan
Digit Worldwide Treatment Plan
Feature comparison
Co-pay
With a co-payment clause, the insurer will mandate that you pay a part of the bill. So if the bill adds up to Rs. 2,00,000 and the co-payment is set at 20% then you could be asked to pay Rs. 40,000 from the bill. However in this case, both do not have a mandatory co-pay unless you want to get treated in a different zone where the treatment may be more expensive.
Room rent
If the policy does impose room rent restrictions then the insurer may only let you stay in a room of a certain specification or impose a cap on the total room rent. If you were to breach either criterion then the insurance company may ask you to pay a portion of all the expenses you incurred while staying in the room. In this case, however, both do not have any room rent cap.
Sub-limits
Some policies will tell you that they will cover all medical expenses up until the sum insured, but then impose caps on the total costs you can incur while dealing with a very specific list of diseases. We call these caps “Disease Wise Sub Limits.” You can check the policy document for sub-limits.
No claim bonus
Some policies will tell you that they will incentivize you for not making a claim in any given year. And they offer such incentives by offering extra cover on top of the existing sum insured. This extra cover is categorized as a no-claim bonus. Both plans offer an increase in sum-insured if you do not claim in the preceding year.
Maternity benefits
If you're hospitalized during childbirth, then you may have to incur significant costs during delivery of your newborn, child care and other related matters during the course of the hospitalization. These costs are collectively termed maternity costs. Digit does not offer maternity benefits.
Worldwide benefits
If your doctor identifies an illness during your health examination in India and you wish to get a treatment abroad, it can be covered if your plan offers worldwide benefits. This is available in Digit's Worldwide Treatment Plan but not in the Digit Double Wallet Plan.
Final Conclusion
Both plans are almost similar, hence it depends on the extent of coverage you seek. If you want something that’s slightly more comprehensive, you could go for Digit Worldwide Treatment Plan. However, if you are specifically looking to save some money and yet have a good cover, then you may want to consider the Digit Double Wallet Plan.
Speak to an Even relationship manager who will help you choose a plan that suits your needs.