• I hereby agree to avail insurance cover under Digit Comprehensive Group Protect Policy- UIN:GODHLGP24125V012324 as arranged by Fincfriends Private Limited from Go Digit General Insurance Limited.
• I hereby declare and confirm to assign the benefits under the insurance policy in favour of Fincfriends Private Limited in the event of loan amount being outstanding on the date of payment of claim.
• I further authorize Go Digit General Insurance Limited to record this assignment of benefits under the Policy to the extent of outstanding loan amount.
• I declare that I am transferring/assigning the Policy on my own volition and confirm that such Transfer/Assignment is Bonafide. I understand that the Company may reject this Assignment if any of the foregoing is found to be untrue. The assignment and any payment of claim in line with the assignment shall be binding on my legal heirs.
• I agree that payment of premium for above policies shall be deducted from my Loan Account as may be due from me by Fincfriends Private Limited.
• I hereby consent that any premium refund, if applicable, shall be made to the Master Policyholder, and I shall collect/settle the same from the Master Policyholder in accordance with the terms and conditions of the group policy.
• I hereby confirm that I do not intend to disclose my bank account details and nominee details to the Insurer at this stage. Further, in the event of a premium refund directly to the loan account from which premium for the policy was paid by me.