PhonePe Launches India’s First Health Insurance Platform

Current Context: PhonePe Insurance Broking Services, a wholly owned subsidiary of PhonePe Pvt Ltd, has launched health insurance plans offering comprehensive insurance in partnership with leading insurers. These health insurance plans come with coverage up to Rs 1 crore and allow users to choose any hospital room without any cap/limit.

• What sets these health insurance plans apart is the introduction of the UPI monthly mode of payment, making them more affordable for customers.
• A user can also avail of innovative features like a bonus cover up to 7 times the base cover amount for each claim free year.
• PhonePe offers Health Insurance Policy online at affordable premiums. You can fulfil your Health Insurance needs through PhonePe that offers you a standard, comprehensive Health Insurance plan.

Some key features of the Health Insurance policies available on PhonePe’s platform are:

• Hassle-free services
• Access your policy details on PhonePe’s mobile app
• Secure and safe online insurance

Question:

Q.1 Which company has launched health insurance plans with monthly subscriptions in India?
a. PhonePe
b. Paytm
c. Google Pay
d. Amazon Pay