Press Release

Press Release

PhonePe offers international travel insurance that covers for virus-based pandemic diseases

Travel insurance offering covers a sum of up to $1 million that includes risks arising from virus-based pandemic diseases

Bengaluru, February 20, 2020: PhonePe, India’s leading digital payment platform, is offering international travel insurance that covers for virus-based pandemic diseases to help users manage potentially hefty offshore medical costs.

PhonePe recently made inroads into the insurance distribution following last month’s launch of international travel insurance with Bajaj Allianz General Insurance, one of India’s largest and most trusted general insurance companies.

It provides a host of other first-of-its-kind exclusive benefits such as an insured sum of up to $1 million and special pricing starting at INR 216. 

Additionally, users opting for the coverage will have access to instant refunds with no cancellation charges before the travel start date and 24×7 international travel assistance across 220+ countries.

With more than 25 million Indians travelling abroad every year, predominantly to Southeast Asian destinations, PhonePe seeks to aid users to secure their planned trip by protecting against a growing number of travel-related risks in today’s ever-changing dynamics of tourism. 

Keeping in-line with PhonePe’s vision of providing cutting-edge digital solutions to solve growing consumer needs, the carefully curated product provides both leisure and business travelers with insurance coverage that is not only convenient to buy but is also a self-service.

Users can purchase travel insurance on the PhonePe app, which is India’s first digital payment platform to launch international travel insurance, and save their policy certificates along with their basic information on the app to make repeat purchases simpler, easier, and faster.

About PhonePe:
Bengaluru-headquartered PhonePe is the fastest growing digital payment platform in India with over 185 million registered users. Using PhonePe, users can send and receive money, recharge mobile, DTH, data cards, pay at stores, make utility payments, buy gold and make investments. PhonePe is accepted at over 9.5 million merchant outlets across 300 cities nationally. PhonePe also launched its own Switch platform in 2018, and today its customers can place orders on 100+ apps including Ola, Myntra, IRCTC, Goibibo, redBus, Oyo, and Treebo, etc. directly from within the PhonePe mobile app. For more details, please visit or download the PhonePe app.

For more details: [email protected]