Source: BS
Context:
On August 25, 2025, PhonePe announced the launch of its home insurance product line, aimed at providing a simple, affordable, and fully digital solution for homeowners to protect their properties.
Key Highlights:
- Low-Cost Premiums: Starting at ₹181 per year (including GST).
- Flexible Coverage: Ranges from ₹10 lakhs to ₹12.5 crores, covering both structure and contents (furniture, appliances, valuables, etc.).
- Risk Coverage: Protection against 20+ risks including fire, floods, earthquakes, riots, and theft.
- Accessibility:
- Available to all homeowners, regardless of whether they have a home loan.
- Accepted by all banks and lending institutions for home loan requirements.
- Digital Convenience:
- Instant policy issuance with zero paperwork and no inspection.
- Complete end-to-end digital process via the PhonePe app.
