PhonePe launches a health insurance plan for first-time buyers


The current COVID-19 pandemic has shown us the importance of health insurance. Health insurance is useful during a major medical emergency.

Now, the popular online payment application PhonePe has introduced a new health insurance plan for its users. The plan will benefit those who purchase health insurance for the first time. You can purchase insurance through PhonePe in three easy steps.

You can purchase the health insurance policy without having to submit a health test or report. You can purchase a font by simply entering your name, gender, age, and email address.

Suffice to say that PhonePe is the first payment application to offer health insurance contracts on its platform. Health insurance policies start from as low as Rs 999 and can provide insurance coverage of Rs 1,000,000.

Some of the important benefits included in the plan:

Hospitalization costs / Hospital care – The insurance covers the hospital costs of patients hospitalized due to illness or accident, including treatment and hospitalization for COVID-19.

Room renting – The insurance will also cover the rent of the room, the board, the costs of care provided by the hospital or the retirement home during the stay of the insured. This all comes down to 2 percent of the sum insured.

USI / USC – Intensive care / USC costs up to 4 percent of sum insured.

Ambulance costs – Ambulance costs with a maximum ceiling of Rs 2000 per incident are included in the emergency hospitalization policy.

The policy also offers AYUSH treatment and hospital costs for COVID-19 patients (will be covered 30 days after the policy start date).

The policy comes with a lifetime renewal. Interested parties should also note that they can terminate the contract at any time provided they have not made any complaints. The premium will be deducted for the period of coverage and the remaining premium will be refunded. The reimbursement amount is as follows:

  • Within 30 days of the policy start date – 75 percent
  • Within 31 to 90 days of the policy start date – 50 percent
  • Within 3-6 months of policy start date – 25 percent
  • Beyond 6 months from the policy start date – NIL

For more details, you can log into the PhonePe app and check the plan details.

The plan’s cashless hospital network is spread over 7,600 hospitals nationwide.

The Rs 999 insurance plan offers health insurance coverage amount of Rs 1,000,000 but you can also opt for other options such as Rs 1999 for Rs 2,000,000 plan and Rs 2,649 for Rs plan 3,000,000. These plans provide more insurance coverage.

How to buy a health insurance plan through PhonePe?

  • Open the PhonePe app and tap the Insurance tab on the home screen.
  • Press on [email protected] plan.
  • Choose your age group and the health insurance coverage you want.
  • Enter your name, gender, date of birth and email id.
  • After entering all the details, press “Buy” and proceed to payment.
  • Now you have a policy.


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