PhonePe introduces health insurance plan under Rs 1000, You can buy it easily in just three steps

The ongoing COVID-19 pandemic has shown us the importance of health insurance. The health insurance comes in handy during a major medical emergency situation.

Now, popular online payments app PhonePe has introduced a new health insurance plans for its users. The plan will benefit those who will be buying the health insurance for the first time. You can buy the insurance through PhonePe with just three easy steps.

You can buy the health insurance policy without needing to show any health test or report. You can purchase a policy by  just simply entering your name, gender, age and email id.

Let us tell you that PhonePe is the first payments app to offer health insurance policies on its platform. The health insurance policies starts from just Rs 999 and can provide insurance cover of Rs 1,00,000.

Some of the important benefits included in the plan:

Hospitalisation expenses/ Inpatient treatment – The insurance covers Inpatient hospitalisation expenses  incurred due to an illness or accident, including treatment and hospitalisation for COVID-19.

 Room rent – The insurance will also cover the room rent, boarding, nursing expenses provided by the hospital or nursing home during the stay of the policy holder. It all comes to 2 per cent of sum insured.

ICU/CCU – ICU/CCU expenses up to 4 per cent of sum insured.

Ambulance charges – Ambulance charges with a maximum cap of Rs 2000 per incidence is included in the policy for emergency hospitalisation.

The policy also offers AYUSH treatment and Hospitalisation costs for the COVID-19 patients (will be covered 30 days after the start date of the policy).

The policy comes with Lifetime Renewability. The interested individuals must also note that they can cancel the policy anytime provided that they have not made any claim. The premium will be deducted for the period of coverage and the remaining premium will be refunded. The refund amount are as follows:

• Within 30 days of the policy start date – 75 per cent
• Within 31 to 90 days of the policy start date – 50 per cent
• Within 3 to 6 months of the policy start date – 25 per cent
• Beyond 6 months of the policy start date – NIL

For more details you can login to PhonePe app and check the details of the plan.

The cashless hospital network for the plan is spread across 7600 hospitals in the country.

The Rs 999 insurance plan offers health insurance cover amount of Rs 1,00,000, but you can also opt for other options such as  Rs 1999 for Rs 2,00,000 plan and Rs 2649 for Rs 3,00,000 plan. These plans offer more insurance coverage.

How to buy a health insurance plan through PhonePe?

• Open the PhonePe app and tap on the Insurance tab on the home screen.
• Tap on Health@999 plan.
• Choose your age group and the health insurance cover that you want.
• Enter your name, gender, date of birth and email id.
• After entering all the details, tap on ‘Buy’ and make the payment.
• Now you have got policy.