PhonePe, one of India's leading UPI-based payment platforms, has rolled out a new medical insurance coverage plan targeting common vector-borne and air-borne diseases. The company is offering this health coverage starting at an affordable rate of just Rs 59 per year, aiming to provide protection against diseases like dengue, malaria, chikungunya, and typhoid.
PhonePe’s newly introduced medical insurance plan offers coverage of up to Rs 1 lakh for more than 10 diseases, including dengue, malaria, chikungunya, and typhoid. This comprehensive coverage plan includes various treatment expenses such as hospitalization costs, diagnostic tests, and ICU charges, ensuring a full scope of healthcare protection throughout the treatment process.
The insurance plan is specifically designed to cater to Tier 2 and Tier 3 cities, where access to affordable healthcare options may be limited. The goal is to provide residents of these regions with an accessible and affordable solution to healthcare protection, particularly for those at risk of vector-borne and air-borne diseases.
The PhonePe medical insurance policy is a one-year protection plan, offering year-round coverage for the selected diseases. This ensures that users are covered for the full year, with access to comprehensive medical care in case they fall ill due to any of the covered diseases.
The entire process of purchasing, managing, and making claims for the medical insurance is designed to be 100% digital, making it convenient and hassle-free for users. The new plan is available directly through the PhonePe app, eliminating the need for paperwork or lengthy formalities. Users can quickly complete all insurance-related tasks, from buying the policy to managing claims, using the app.
Vishal Gupta, CEO of PhonePe Insurance Broking Services, highlighted the company's commitment to making insurance easily accessible and eliminating financial barriers to quality healthcare. He emphasized that the goal is to empower users, particularly those in underserved areas, by providing affordable protection against health risks.
To purchase this new medical insurance coverage, users need an active PhonePe account. The process is simple: users can navigate to the "Insurance" section within the app, select the "Dengue & Malaria Plan," enter the necessary details, review the terms and conditions, and make payment directly through the app to finalize their insurance purchase.
This seamless process ensures that users can quickly secure their coverage, without any complicated steps or paperwork.
Conclusion
With this new offering, PhonePe is not only expanding its digital services but is also enhancing the accessibility of medical insurance for residents of India’s smaller cities and towns. By providing affordable health coverage for vector-borne and air-borne diseases, PhonePe is addressing an important healthcare need in these regions and offering protection at a fraction of the cost of traditional health plans.