PhonePe sells 5 lakh policies in five months

Chennai: PhonePe has announced selling over five lakh insurance policies on its platform during the period April-August 2020.

PhonePe forayed into the insurance segment in January this year and was the first digital payment platform to launch international travel insurance for business and leisure travellers.

Since April, it has launched five more insurance products which include COVID-19 Insurance, Domestic Travel Insurance, Hospital Daily Cash, Dengue & Malaria Insurance, Personal Accident Cover in addition to International Travel Insurance.

 

NT Bureau