PhonePe offers ₹11 Diwali firecracker insurance
By Abha Lohia ·
PhonePe: revenue and funding and every story →
LaunchFinancial Services
- PhonePe is a leading digital payments app that also sells insurance and investment products to its users
- It now offers firecracker accident cover for Diwali, with plans from ₹11 for 11 days or ₹21 for 30 days
- Cover reaches ₹25,000 for hospital stays and day-care treatment, plus a death benefit, and is underwritten by Aditya Birla Health Insurance
What happened
- Plans cost ₹11 (11 days) or ₹21 (30 days).
- Medical cover up to ₹25,000.
- 30-day plan live from 15 Oct.
- 11-day plan goes live on 5 Nov.
Why it matters
- Covers burn and injury costs around Diwali.
- Cheap premiums make cover easy to buy in the app.
The business
- Payments app with insurance offers
In numbers
₹25,000Accidental death payout · 2026
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