PhonePe Health Insurance: It offers monthly subscriptions for the first time in India

PhonePe Health Insurance: Leading fintech company PhonePay has announced the launch of health insurance plans under its subsidiary Insurance Broking Services on Tuesday. It offers monthly subscriptions for the first time in India. Phonepay believes that this will reduce the cost burden on consumers. With this decision, customers will be able to pay monthly for selected health insurance policies.

PhonePe Health Insurance for monthly payment option

The company explained that this would be very useful for those who cannot afford to pay a large amount at once. Hemant, President of Phonepay Financial Division, said that they have partnered with insurance companies in the country to provide this facility and customers can make monthly payments through UPI. ( IRCTC Ticket Booking: Rs.10 lakhs insurance for only 35 paise by default )

He added that those who do not want to pay monthly will also have the facility to pay at once. Phonepay Insurance Platform Rs.1 crore Health insurance coverage up to one crore. The company explained that the hospital room can be selected without any restriction.  ( Aadhaar for Stray Dogs: These stray dogs have got Aadhaar card at Mumbai Airport )

It has been revealed that you can get a bonus of up to seven times the base cover amount for the period of non-utilisation of the health insurance. Meanwhile, PhonePay has sold more than 56 lakh policies so far. Offers policies in 98 percent pincodes in the country.

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