Go Digit General Insurance Ltd

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New Delhi: Markets regulator Sebi has returned the preliminary IPO papers of Go Digit General Insurance, backed by the Canada-based Fairfax Group. The company is looking to refile the documents with certain updates.

Go Digit General Insurances application to list on stock markets received final approval from the insurance regulator Irdai on Friday. The proposed initial share sale of the Canadian insurer backed by Fairfax Group has been abeyanced by markets regulator Sebi since September.

Axis Bank, the country\&#039;s third biggest private lender, has signed a non-binding term sheet to invest an amount between â‚¹49.9-69.9 crore in Go Digit Life Insurance for 9.94% stake in two tranches, as the private lender seeks to tap a fast-growing insurance market.

Go Digit General Insurance has received capital infusion of nearly Rs 378 crore from R S Filmcraft, the new-age general insurance company said on Tuesday.  RS Filmcraft (OPC) has invested Rs 50 million (Rs 377.91 crore) in Go Digit General Insurance, the insurer said in a release.   Bengaluru-headquartered Go Digit has raised funding amounting to around Rs 990 crore from its parent company Go Digit Infoworks Services Pvt Ltd, backed by Canadian billionaire Prem Watsa's Fairfax Financial Holdings Limited.  The insurer has raised multiple rounds from growth equity investors, Faering Capital, TVS Capital and A91 Partners. It has raised around Rs 735 crore so far.

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Go Digit Unlisted Share

Products:-

Motor Insurance - It includes Car Insurance, Two Wheeler/Bike Insurance, Commercial Vehicle Insurance, Taxi/Cab Insurance, Auto Rickshaw Insurance, Truck Insurance.

Health Insurance - It includes Health Insurance, Super Top-up Health Insurance, OPD Health Insurance, Arogya Sanjeevani Policy, Personal Accident Insurance, Coperate Health Insurace

Other Insurance - International Travel Insurance, Flight Delay, Shop Insurance Home Insurance

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