Further to buy this product, all that a customer needs to provide is the property type details (owned/rented), pin code and the sq. ft area of the shop.

Benefits of the Product:

In case of a fire, lightning and explosion, the shop owner or shopkeeper would be covered for the content, for the structure and also for any cash in the safe or counter
In case of a natural disaster like storms, floods and earthquakes, the shop owner or shopkeeper would be covered for the content, for the structure and also for any cash in the safe or counter
Also, a burglary cover can be taken with this proposition to cover the contents inside the shop

Vivek Chaturvedi, Chief Marketing Officer, Digit Insurance, said, 'Small and medium-sized shop keepers work hard to sustain their livelihood. With COVID-19, Indian shopkeepers and retailers have already gone through hardships and are even facing financial challenges. Hence, our philosophy behind curating this product was to protect shopkeepers of all business categories from an unexpected loss to the property and contents due to fire, explosion or any natural disaster. This is in our own small way of helping the economy get back on its feet.'

The claims process is paperless and can be completed through a DIY smartphone-enabled self-inspection if the claim amount is up to 1 lakh.

Digit Insurance has also launched an online Do-It-Yourself (DIY) advisory tool called SME Buddy, to help SMEs and start-ups calculate the coverage required for their businesses. For more details of the policy, customers can visit the website of Digit Insurance: https://www.godigit.com/property-insurance/shop-insurance