India city Delhi covid-19 mask India city Delhi

As covid-19 cases rise, demand for disease-specific cover surges: PhonePe

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Also Read | How India’s banking model has changedOf those who bought the policy from PhonePe, 75% were from “smaller towns, outside the tier-1 cities."PhonePe sells group insurance policy from Bajaj Allianz General Insurance, which is a disease-specific cover.

The policy for covid-19 is sold at an annual premium of Rs396 for a cover of Rs50,000, and a Rs541 premium for a Rs1 lakh policy cover.

It’s available for those in the 18-55 age group.The policy covers hospitalisation expenses, including personal protective equipment or PPE, gloves, mask, ICU, oxygen and ventilator.

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