ICICI Prudential Life Insurance (ICICI Prudential Life Insurance) announced a term life insurance policy with digital payment app PhonePe. Let us know how it can be purchased through PhonePe and how much is the maximum sum assured.
New Delhi. In the midst of the Corona crisis, there has been an increased awareness among the common people about preparing to meet the future economic needs. For this reason, within the last one year, the number of people investing in health insurance, life insurance and term insurance has increased rapidly. Keeping this in mind, ICICI Prudential Life Insurance (ICICI Prudential Life Insurance) introduced a term insurance policy some time back with the digital payment app PhonePe. Through this policy, customers can avail insurance facility at cheaper rates. The biggest thing is that the annual premium rate starts from a very small amount. Term insurance can take up to 25 lakh rupees
In this term insurance policy of ICICI Prudential and PhonePe, the premium amount starts from Rs 149 annually. Under this policy, you can get insurance ranging from Rs 1 lakh to Rs 25 lakh. Medical examination is also not required to take this policy. Understand in simple terms, you can take an insurance policy immediately through PhonePe without any health checkup. The company said that millions of PhonePe users can now save their family from financial trouble in the event of untimely demise.
One lakh annual income required for the policy
ICICI Prudential has said that to take this policy, the annual income of the customer must be at least 1 lakh rupees. In other words, any person between the age of 18 to 65 years who earns at least one lakh rupees every year will be able to take this policy. There is no need for any health checkup or paperwork to buy this policy. Customers can also renew their policy through the PhonePe application.
PhonePe users can buy this policy,
PhonePe users can buy this term insurance policy on the app in a very easy way. Let’s understand step by step the whole process …
>> Android and iOS users click on the ‘My Money’ section of their PhonePe application.
>> Then click on Insurance.
>> Now select the Term Life Insurance section.
>> After that select the amount for which you want to insure.
>> 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.
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