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HDFC Bank, Axis Bank Signs the Definitive Agreements with Go Digit Life Insurance

Published on April 26, 2023
Current Context: HDFC Bank and Axis Bank have signed definitive agreements to invest up to ₹69.90 crore in Go Digit Life Insurance Ltd in two tranches, subject to the terms and conditions set out in the definitive agreements.
HDFC Bank, Axis Bank Signs the Definitive Agreements with Go Digit Life Insurance
  • The banks will both acquire 9.94% equity stake each in the life insurance company, which is a subsidiary of Go Digit General Insurance Ltd, an insurtech unicorn that is planning to go for an IPO.
  • The transaction is expected to be completed by 3 to 6 months from the execution date.

Question: 

Q.1 What is the name of the life insurance company that HDFC Bank and Axis Bank are investing in?

a. Go Digit Life Insurance Ltd
b. Go Digit General Insurance Ltd
c. Go Digit Health Insurance Ltd
d. Go Digit Travel Insurance Ltd

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