Description of Go Digit Insurance IPO – Go Digit stands as a leading force among digital full-stack insurance firms, commanding approximately 82.5% of the Gross Written Premiums (GWP) generated by digital insurance players in India. With a focus on technological prowess, Go Digit General Insurance adopts an innovative approach to crafting products, distributing them, and enhancing customer experiences across non-life insurance domains. Its diverse portfolio encompasses motor, health, travel, property, marine, liability insurance, and a suite of customizable options to cater to varied customer needs. Since its inception in 2017, the company has amassed a customer base of 43.26 million as of December 31, 2023, who have benefited from its array of policies. Additionally, Go Digit has rolled out 74 active products across all its business lines as of the same date.

The Gross Written Premium (GWP) for Go Digit amounted to INR 66.80 billion and INR 52.88 billion for the nine-month periods ending on December 31, 2023, and December 31, 2022, respectively, marking a growth rate of 26.3%. Over the fiscal years 2023, 2022, and 2021, the GWP totaled INR 72.43 billion, INR 52.68 billion, and INR 32.43 billion, respectively, translating to a Compound Annual Growth Rate (CAGR) of 49.4% from Fiscal 2021 to Fiscal 2023.

As of December 31, 2023, and March 31, 2023, Go Digit employed 3,957 and 3,333 individuals, respectively, excluding undergraduate trainees and contract staff, all based in India.