Current Affairs - Business - Discussion

The DigiProtect Term Plan is a collaborative initiative designed to expand digital insurance access, especially among salaried individuals in Tier 2 and Tier 3 cities. The plan combines PNB MetLife’s insurance expertise with the digital distribution strength of Policybazaar. It offers features such as flexible payout options, a premium break facility, special exit value, and fast-track claim settlement. Additional benefits like up to 21% first-year premium discount and an express claim payout of ₹3 lakh within one working day highlight the customer-centric approach of the partnership, making Policybazaar a key enabler in the product’s launch.