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Introducing Health Insurance plans on PhonePe with monthly subscription

Muktha Tavane|2 min read|28 August, 2023

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Don’t we all love monthly subscriptions? Be it Netflix or everyday milk delivery, monthly subscriptions are convenient and simply more affordable than yearly lump sum payments.

Of the many things you can subscribe to on a monthly basis, what if we told you that you can now subscribe to your Health Insurance and pay your premium by the month!

You read that right. PhonePe now offers Health Insurance plans with a monthly subscription option.

Here’s everything you need to know about it.

What makes Health Insurance plans on PhonePe stand out?

Before we dive into the monthly subscription aspect of the policy, let’s quickly understand the Health Insurance plans available on PhonePe.

The comprehensive Health Insurance offerings on PhonePe cover your family members such as your spouse, children, parents or in-laws for a coverage up to Rs.1 crore. You can also avail innovative benefits such as a bonus cover up to 6 times* the base cover amount for each claim-free year. Other benefits include unlimited restoration of the coverage in case it is exhausted post claim and the option to choose a hospital room of your liking.

The biggest advantage of buying an insurance plan on PhonePe is that PhonePe will never make unwanted calls to nudge you to buy the product. Pre and post-sales assistance is available on your request to help you make informed decisions, know about claims, and access other services. In fact, after purchase, an expert relationship manager is assigned specifically to you to assist with all your claims and servicing needs.

Here’s what’s covered*

The major inclusions of the Health Insurance plans available on PhonePe typically include:

  • Hospitalization expenses
  • 60 days pre & 180 days post hospitalisation expenses
  • Day care treatments requiring less than 24-hour hospitalisation
  • Domiciliary hospitalisation due to an illness or injury
  • Air and road ambulance charges
  • Expenses incurred in AYUSH treatments
  • Expenses incurred in modern treatments taken through advanced technology methods
  • Based on the insurer you choose you can get added wellness benefits. For instance, discount on renewal premium on completion of a set number of steps

How does the PhonePe Health Insurance monthly subscription work?

To set up monthly subscription for Health Insurance plans on PhonePe starting at just Rs.636/month**, you will need to set up a very easy UPI AutoPay mandate. Once that is done, the premium amount based on your chosen insurance, will be deducted from your UPI account automatically on a monthly basis.

How to buy Health insurance on PhonePe

Buying Health Insurance on PhonePe is super easy. Here’s how you do it:

  1. Enter basic details of all the members you wish to insure
  2. Proceed to view plans available based on your requirements
  3. Select the plan that best suits your needs
  4. Then, enter your personal and health details
  5. At the payment stage, select UPI Autopay and set up your monthly subscription by simply reviewing the monthly amount and authenticating with your UPI PIN.

These Health Insurance plans on PhonePe are a boon to those who are looking for a more affordable premium payment option. It’s easy to set up and has multiple coverage and insurer options too. If you are looking for an economic Health Insurance plan that has all the necessary benefits, look no further!

*Features may vary insurer to insurer.

**For 1 adult from 18–25 years of age for 5 lakh cover, including GST.

Subscription i.e, Monthly premium payments as offered by the respective insurers

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