PhonePe contributes to 65% growth for 2-wheeler digital insurance

PhonePe has contributed to over 65% growth in two-wheeler digital insurance in India. It has facilitated over 75 million vehicle insurance quotes and 400 million quotes across insurance products. The company has sold over 9 million policies since the inception of insurance on the platform, with 4 million sold in the last year alone. PhonePe introduced a monthly premium plan for health insurance, offering actual monthly payouts and enhanced affordability.


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