PhonePe announces insurance for Covid-19 treatment at ₹156

Digital payments company PhonePe has announced an insurance policy called Corona Care in collaboration with Bajaj Allianz General Insurance for people who have been infected and hospitalised for covid-19 treatment.

Priced at ₹156, the policy will provide an insurance cover of ₹50,000 for people who are under 55 years of age and will be valid at any hospital that is offering treatment for covid-19.

In addition to covering the cost of treatment, the policy will also take care of one month’s expenses on pre-hospitalization and post-care medical treatment.