With Diwali celebrations approaching, PhonePe has introduced a specialized, affordable firecracker insurance policy to protect families against festive mishaps. Underwritten by Aditya Birla Health Insurance, this seasonal coverage starts at a premium of just ₹11, offering up to ₹25,000 in medical and accidental coverage. Designed to cover hospital stays, day-care burn treatments, and accidental death benefits, the policy provides essential financial protection for the primary policyholder, their spouse, and up to two dependent children. Here is a comprehensive guide to understanding PhonePe’s firecracker insurance plans, key coverage benefits, and step-by-step purchase instructions.
Ahead of Diwali, PhonePe has launched a firecracker insurance policy underwritten by Aditya Birla Health Insurance. Starting at a premium of just ₹11, the policy offers medical coverage up to ₹25,000 against firecracker-related injuries and accidents during festive celebrations. (Image: Canva)
PhonePe offers two distinct plan options: a 30-day variant priced at ₹21, available since October 15, and an 11-day plan priced at ₹11, going live on November 5. Choose the duration that best fits your festive celebration schedule. (Image: File Photo)
The policy reimburses eligible medical expenses up to ₹25,000 for inpatient hospital stays lasting longer than 24 hours. This benefit covers the primary policyholder, their spouse, and up to two dependent children in case of firecracker mishaps. (Image: Canva)
For minor to moderate injuries requiring short hospital stays, the policy covers day-care medical treatments up to ₹25,000. Outpatient procedures and specialized burn treatments that require less than 24 hours of hospital admission are eligible under this benefit. (Image: Canva)
In the unfortunate event of a fatal firecracker accident involving the primary policyholder, the policy pays out a lump-sum accidental death benefit of ₹25,000. Unlike medical benefits, this specific coverage applies solely to the primary insured individual. (Image: Canva)
Open the PhonePe app, navigate to the Insurance section, and select Firecracker Insurance. Review available coverage plans, check policyholder terms, enter your required personal details, and complete the instant digital payment to activate coverage immediately. (Image: News18 Hindi)
Maximum medical coverage is capped at ₹25,000 subject to policy terms, not a guaranteed payout for every claim. Before buying, verify policy exclusions, required claim documentation, reimbursement steps, and exact coverage start dates displayed during purchase. (Image: CNBCTV18)
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