PhonePe launches car, bike insurance plans

NEW DELHI: After taking a crack at health insurance, Flipkart-owned payments company PhonePe has now added car and bike insurance to its product portfolio in association with Bajaj Allianz General Insurance.

Two-wheeler insurance on PhonePe starts at ₹482, while car insurance at ₹2,072.

PhonePe users can buy car and bike insurance from the newly added Motor Insurance page under Insurance->MyMoney. The company claims users can buy plans within 2 minutes. After the payment has been made, policy documents can be accessed instantly on the app.

To insurance plans more appealing, PhonePe has bundled it with cashless repair services available through a countrywide network of third party garages associated with Bajaj Allianz General Insurance. Buyers also get instant claim settlement in under 20 minutes.