UPI payments giant PhonePe has launched a new insurance plan to provide coverage in case of firecracker-related accidents during the festive season.
The scheme aims to protect users from the financial burden of hospitalization and accidental death expenses due to firecracker injuries.
This short-term insurance plan is priced affordably at INR 9 and offers coverage of up to INR 25,000 for a period of 10 days, ensuring peace of mind during Diwali celebrations.
Coverage Details and Pricing
PhonePe’s newly introduced firecracker insurance plan will be available to users across India starting October 25, 2024.
The policy, available for just Rs 9 (including GST), covers expenses related to firecracker accidents for a period of 10 days.
In case of an accident, users can claim up to Rs 25,000 towards medical treatment and hospital expenses. The policy is designed to be quick and easy to purchase, taking less than a minute on the PhonePe app.
Family protection included
One of the most notable features of PhonePe firecracker insurance is its family coverage. The plan insures not only the policyholder but also up to three family members, including the spouse and two children.
This ensures that the entire family can enjoy the holidays safely, knowing that they are financially protected in the event of any firecracker accident.
Availability and flexibility
The insurance plan will come into effect from October 25, 2024 and will be available for purchase until the end of the Diwali season.
For users who purchase insurance after this date, coverage will begin from the date of purchase and will last for the remaining days of the 10-day period.
This flexibility allows users to register when it suits them without losing essential protection during the celebrations.
How to buy on PhonePe app
PhonePe has simplified the process of purchasing firecracker insurance. Users can follow these steps to obtain coverage:
1. Open the PhonePe app and navigate to the Insurance section.
2. Select “Firecracker Insurance” from the available options.
3. Review the details of the plan, which includes the coverage amount of Rs 25,000 and a premium of Rs 9.
4. Fill in the necessary policyholder information and complete the payment to finalize the purchase.
By launching this plan, PhonePe aims to provide an affordable and easily accessible solution for families looking to protect themselves from the potential risks associated with the Diwali festivities.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.