₹11 for Diwali Cover: PhonePe Relaunches Firecracker Insurance
What Happened
PhonePe has brought back its seasonal firecracker insurance for Diwali, underwritten by Aditya Birla Health Insurance. The policy provides eligible medical coverage of up to ₹25,000 for specified firecracker-related incidents. There are two variants: an 11-day plan for ₹11 and a 30-day plan for ₹21. The cover includes eligible hospitalisation and day-care treatment expenses up to ₹25,000. An accidental death benefit of ₹25,000 applies to the primary policyholder.
Key Takeaways
At just ₹11 for the shorter plan, the policy offers limited, short-term financial protection against specified firecracker-related medical expenses, but claims remain subject to the insurer’s terms, conditions and exclusions.