365telugu.com online news,National, August 25, 2025: PhonePe, India’s leading fintech platform, today announced the launch of its new home insurance product, providing homeowners with an easy and affordable way to safeguard their most valuable asset. With premiums starting as low as ₹181 per year (inclusive of GST), the plan offers coverage from ₹10 lakhs up to ₹12.5 crores.
Unlike traditional home insurance products, often bundled with home loans at higher costs and requiring extensive paperwork, PhonePe’s offering delivers a fully digital, hassle-free experience. Available directly on the PhonePe app, the policy covers both structure and contents (furniture, appliances, valuables, etc.), ensuring protection against over 20 risks including fire, floods, earthquakes, riots, and theft.
ఇది కూడా చదవండి…జూబ్లీహిల్స్లో రూ.100 కోట్ల భూమికి విముక్తి – హైడ్రా చర్యలతో 2 వేల గజాలు రక్షణ..
Key Features:
- Affordable Premiums: Starting at just ₹181 annually (inclusive of GST)
- Flexible Coverage: From ₹10 lakhs to ₹12.5 crores to suit different home sizes and budgets
- Wide Risk Protection: Covers 20+ risks including natural disasters and theft
- Universal Access: Available to all homeowners, with or without home loans
- Bank-Approved: Accepted by all banks and lending institutions for home loan requirements
- Paperless Process: Instant policy issuance without inspections or documentation
Speaking on the launch, Vishal Gupta, CEO, PhonePe Insurance Broking Services, said:
“Homeownership is one of the biggest aspirations in India, and protecting it should not be complex or expensive. With our new home insurance product, we aim to redefine accessibility by offering comprehensive, affordable, and 100% digital coverage.
This solution empowers homeowners to protect their cherished spaces with ease and confidence, while removing financial and procedural barriers. We believe this marks a step forward in transforming how Indians approach home protection.”
With this launch, PhonePe strengthens its mission to make insurance more accessible, transparent, and affordable for every Indian, while leveraging its digital-first approach to simplify the customer experience.
Here’s how users can avail this on the PhonePe app:
Open the PhonePe app and go to the Insurance section
Select Home Insurance under ‘Explore Other Insurances’.
Enter Home Value.
Select the Duration” for which you want to get your home insured for and tap on ‘Continue’
Provide Owner Details
Provide Property Details
Tap on Continue and Proceed to payment → Get instant policy without any documents
