PhonePe Launches Health Insurance Cover At Just Rs 999. Know Details Here

PhonePe has launched a health insurance plan for Rs 999. The company’s latest health insurance plan Health@999 will meet the needs of first time health insurance buyers. Especially young people who are buying their first health insurance cover to save themselves from the cost of treatment. The latest offering is a first of its kind in the Indian digital payments space.

According to the firm, it provides comprehensive health coverage at an affordable cost. For this, the user has to provide only the documents like name, age, gender and email id to buy the policy.

How to get policy

1.) Log in to the PhonePe app and select the Insurance tab

2.) Click on Health@999 Icon

3.) Choose your age and the amount of health insurance cover required

4.) Add your basic details like name, gender, date of birth and email

5.) Click on Pay to get your policy instantly

PhonePe’s Total Payment Value (TPV) of transactions on its platform grew by 23.3 per cent to Rs 9,21,674 crore in the July-September 2021 quarter. While the number of transactions increased by 33.6 percent to 5265 million. Also, money transfer with UPI and merchant payments achieved a new milestone of 200 crore transactions.