PhonePe Home Insurance Starts at Rs 181 a Year
Why in the news
PhonePe entered home insurance with a cheap, fully digital offering for homeowners.
Key facts
- Cover applies to the structure and contents such as furniture, appliances and valuables.
- More than 20 risks are covered, including fire, floods, earthquakes, riots and theft.
- Open to all homeowners, with or without a home loan; accepted by all banks and lenders.
- No inspection needed; the process is end-to-end digital.
Exam angle
- Lowest premium: Rs 181 a year.
- Maximum cover: Rs 12.5 crore.