PhonePe introduces 10-day firecracker insurance only for Rs 9, details here

PhonePe firecracker insurance: PhonePe, a FinTech major, has introduced a new insurance plan to cover accidents related to firecrackers during the festive season. The initiative aims to remove the financial strain associated with hospitalisation and accidental death costs resulting from firecracker injuries during Diwali.

PhonePe’s short-term insurance plan is affordably priced at Rs 9, offering coverage of up to Rs 25,000 for a duration of 10 days, providing users with peace of mind during Diwali celebrations. The policy will be available to users across India starting October 25, 2024.

The coverage, inclusive of GST, addresses expenses linked to firecracker accidents and can be purchased in less than a minute through the PhonePe app. 

Apart from that, the insurance comes with family coverage which extends protection not only to the policyholder but also to up to three family members, including a spouse and two children. 

The insurance plan becomes effective on October 25, 2024, and will be available for purchase until the conclusion of the Diwali season. 

For those who acquire the insurance after this date, coverage will commence from the date of purchase, lasting for the remainder of the 10-day period.