PhonePe launches health insurance plan starting at Rs 999; View details

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Digital payments company PhonePe announced on Thursday the launch of its latest health insurance plan, Health @ 999. The plan will target young people new to health insurance, who buy their first health insurance coverage in order to protect themselves from planned and unforeseen medical costs.

The latest offering is the first of its kind in the Indian digital payments space, PhonePe noted in an official statement. It offers comprehensive health coverage at an affordable price, according to the company.

The product has a 3-step process which only requires the user to provide details such as name, age, gender, and email id to purchase the policy.

Here’s how PhonePe users can get the Health @ 999 plan:

1. Log in to the PhonePe application and choose the Insurance tab
2. Click the Health icon @ 999
3. Choose your age range and the amount of health insurance coverage required
4. Add your basic information such as name, gender, date of birth and email address.
5. Click Buy and make payment to get your policy instantly.

Health @ 999, at its low price, offers coverage for inpatient costs, including inpatient and intensive care hospitalization, day care procedures, ambulance costs and Ayush treatment, between others.

The plan’s cashless hospital network spans 7,600 hospitals nationwide. Health @ 999 can be used through PhonePe and comes with the Lifetime Renewal feature, the company noted.

“We believe that over 335 million PhonePe users will greatly benefit from this offer which can be purchased quickly and easily on the PhonePe app,” said Gunjan Ghai, vice president and chief insurance officer, PhonePe.

“Our offer is designed with the idea that all Indians deserve to have access to affordable and high quality health insurance, regardless of their income or level of education,” Ghai added.

Also Read: Paytm Reflects On Revenue And Monetization Methods To Grow Over The Next Quarter

Also read: PhonePe announces Rs 100 crore share buyback for all employees


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