PhonePe and Star Health Insurance Join Forces to Offer Monthly Payment Health Insurance

New Delhi: Leading digital payments platform PhonePe has partnered with Star Health & Allied Insurance Company Limited to offer health insurance plans with monthly and annual payment options. This collaboration aims to provide users greater flexibility and convenience in accessing comprehensive health coverage through the PhonePe app.

Through this partnership, PhonePe users can now purchase a comprehensive health insurance policy from Star Health Insurance, offering coverage up to Rs. 1 crore. Notably, this is the first time that comprehensive health insurance from Star Health Insurance will be available with a monthly premium payment plan, which is a pioneering initiative by PhonePe in the industry. Additionally, users can opt for UPI Autopay mandate to make seamless payments of their premium, further enhancing the convenience.

Comprehensive health insurance policy covers a wide range of benefits, including OPD and maternity coverage, road ambulance and air ambulance expenses, outpatient medical consultation, dental and eye treatment coverage, delivery expenses, organ donor expenses, coverage for newborns, and Mental well-being. Having support, and much more. The policy also offers wellness programs, annual health checkups, automatic restoration of sum assured and cumulative bonuses.

Vishal Gupta, CEO, PhonePe Insurance, expressed his excitement about the partnership, highlighting the combined benefits of Star Health’s insurance offerings and PhonePe’s customer-centric approach. They emphasized on their shared mission to increase insurance adoption and penetration across India.

Anand Roy, MD & CEO, Star Health Insurance, stressed the importance of providing hassle-free payment options to digitally savvy consumers, especially Gen Z and Millennials. He underlined Star Health’s commitment to providing comprehensive health coverage along with additional services such as free teleconsultation, home care and nutritionists.

Customers can easily purchase the policy through the PhonePe app by selecting the desired coverage, payment term and payment method. With this partnership, PhonePe and Star Health Insurance aim to introduce more innovative offerings in their product portfolio, thereby increasing accessibility and affordability in the health insurance segment. For more information, visit www.phonepe.com and www.starhealth.in