In partnership with leading insurers, PhonePe Insurance Broking Services has launched health insurance plans. The plans offer comprehensive insurance and introduce the UPI monthly mode of payment, which makes them more affordable for customers. To date, PhonePe has sold more than 56 lakh policies, serving more than 20 crore vehicle insurance quotes.

These health insurance plans provide coverage up to ₹1 crore and allow users to choose any hospital room without any cap/limit. Users can also avail themselves of innovative features like a bonus cover up to seven times the base cover amount for each claim-free year.

Purchasing health insurance on PhonePe is a simple and easy process. Users just need to enter their basic details, select the desired quote, and then they can either set up a monthly mandate or make an annual payment.

Hemant Gala, Vice President Financial Services, PhonePe, said, “One of the biggest barriers in buying health insurance has been affordability and we have solved this by creating India’s first health insurance marketplace focused on monthly payments.”