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PhonePe sees rapid demand for Coronavirus insurance products as cases rise

PhonePe sees rapid demand for Coronavirus insurance products as cases rise
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Life insurance policy without health check-up at just Rs 149 per annum, check details

Life insurance policy without health check-up at just Rs 149 per annum, check details
The life insurance policy plan can be availed by those interested instantly and without any documentation, just by using the digital PhonePe app.
The beneficiaries can avail this policy without any medical test. (File photo for representation: Thinkstock)
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Updated: Jan 9, 2021, 02:35 PM IST
A new Term Life insurance Policy Plan has been launched with the assured sum of up to Rs 20 lakhs and premiums starting from as low as Rs 149 per annum. The beneficiaries can avail this policy without any medical test.
PhonePe has announced the launch of a Term Life Insurance plan on its platform in association with the ICICI Prudential Life Insurance Co Ltd. The policy can be availed instantly without any documentation, just by using the digital PhonePe app. ....

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Payments app PhonePe launches Life Insurance plans, adds new 'Insurance' section

Launched in partnership with ICICI Prudential, users can avail the PhonePe policy instantly, without any medical tests, on the PhonePe app with an assured sum ranging between ₹1 lakh to ₹20 lakhs. ....

Gunjan Ghai , Term Life Insurance , துப்பாக்கி காய் , கால வாழ்க்கை காப்பீடு ,

PhonePe Launches Term Life Insurance Plans Starting at Rs 149 Annual Premium, How to Access It

PhonePe Launches Term Life Insurance Plans Starting at Rs 149 Annual Premium, How to Access It
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Digital payments company PhonePe has announced the launch of Term Life Insurance plans on its platform, in association with ICICI Prudential Life Insurance. With this launch, PhonePe users can now protect their families from financial turmoil in the event of an untimely demise. The company is offering plans for a premium of as low as Rs 149 per annum. PhonePe says that an insurance policy can be availed instantly via the app without any health check-ups and paperwork.
PhonePe further notes that India s insurance penetration is about 2.73 percent, mainly due to lack of awareness and confusing paperwork. It is said that the problem is more prevalent in tier 2 cities and beyond, where a large population of the country resides. Therefore, the digital payments company that has over 250 million user base hopes to bridge the gap. It adds that PhonePe users aged betwee ....

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Paytm, PhonePe make most of digital adoption to disrupt BFSI space

At a time when Covid-19 pandemic has accelerated digital adoption, a slew of startups in the fintech space are disrupting the financial services and banking industry.
Alibaba and SoftBank-backed digital financial services startup Paytm has introduced ‘Instant Personal Loans’ on its platform to facilitate access to credit services to the masses. The service can be availed 24X7, round the year even on public holidays and weekends. Paytm is the technology and distribution partner for NBFCs (nonbank financial companies). It would help them expand the reach and adoption of loan services to salaried individuals, small business owners and professionals.
The loans would be processed and disbursed by NBFCs and banks. This move will bring new to credit customers into the ambit of the formal financial market. It will also empower individuals from small cities and towns who do not have access to traditional banking institutions. ....

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