ICICI Prudential Life Insurance (ICICI Prudential Life Insurance) has announced a new term life insurance policy in association with India’s flagship digital payment app PhonePe.
Insurance ranging from Rs 1 lakh to Rs 25 lakh
Under this insurance policy, a person can get insurance ranging from Rs 1 lakh to Rs 25 lakh. Customers can avail instant insurance policy on PhonePe application without any health checkup. The company said in a statement that millions of PhonePe users can now save their families from financial turmoil in the event of untimely demise.
read this also- IRDA is going to change the rules of this insurance policy, crores of people will benefit, changes made in KYC rules alsoThe minimum income is one lakh annually
Any person between the age of 18 to 65 years who earns at least one lakh rupees per year will be able to take this policy. No prior health check-up or paperwork is required to purchase this policy. Customers can also renew their policy through the PhonePe application.
Also read- EMI will not be tension when you go to work, take ‘job loss insurance’ – know what its benefits are
How to buy policy from PhonePe application
PhonePe users can buy this term insurance policy on the app in a very easy way.
1. Android and iOS users click on the ‘My Money’ section of your PhonePe application.
2. Then click on Insurance.
3. Now select the Term Life Insurance section.
4. After this, select the amount for which you want to insure.
5. After giving the details of the insured person and his nominee, online payment will have to be made to complete the purchase of the policy.