the first of its kind in the Indian digital payments industry, providing full health coverage at a reasonable price. The benefit of the product is its easy three-step procedure, which requests the users to enter information such as their name, age, gender, and email address in order to purchase the insurance, avoiding the tedious processes that dissuade new and young purchasers.
Gunjan Ghai, Vice President and Head of Insurance of PhonePe, spoke about the new plan and its benefits. He said, “The Health@999 is designed for first-time insurance buyers, giving them access to high quality and affordable Health Insurance”. He added, “We believe that 335 million PhonePe users will greatly benefit from this offering which can be purchased quickly and easily on the PhonePe app.”
At its low cost, Health @999 provides coverage for hospitalization costs such as in-patient and intensive care unit hospitalization, daycare operations, ambulance fees, and Ayush therapy. The cashless medical network includes 7600 facilities throughout the country. Health @999 may be purchased instantly using PhonePe and has a benefit of lifetime renewable option.
Ghai spoke about the company’s mission. He said, “Our offering is designed with the idea that all Indians deserve access to high quality and affordable Health Insurance – irrespective of their income, or education status”. He added, “PhonePe with its deep expertise in bringing the best Insurance products to the market will help its users make better and smarter choices to reduce the financial risk of unforeseen events in their lives.”
