Digit Insurance, an Insurtech unicorn has crossed Rs 5,000 crore yearly revenue in the fiscal year 2021-22. The company is claiming as one of the fastest-growing private general insurance companies in the country.
The startup has registered Rs 5,268 crore in gross written premium in the financial year 2021-22. This year was the fourth year of its operations led by motor, property and health vertical business.
Since its launch, the company has raised a total of Rs 2,806 crore and is valued at more than $3 billion. According to Digit Insurance, in terms of written premiums in a year, the company increased by 62% in FY21-22, while the sector expanded by 10.9 percent on average.
Digit sold over 77.6 lakh insurance across all products in FY21-22, a 40% increase over the previous fiscal year. Furthermore, the company’s health portfolio increased by 132% over FY20-21, headed by group business.