PhonePe launches digital insurance for new vehicles

PhonePe launched a new vehicle insurance offering for two-wheelers and four-wheelers, allowing users in India to compare and purchase policies from multiple insurers directly through the PhonePe app.

The product targets new vehicle buyers seeking an alternative to dealership insurance, offering savings of up to ₹4,000 for two-wheelers and ₹40,000 for four-wheelers, with a fully digital, no-paperwork experience.

“In our commitment towards making insurance accessible and affordable for everyone, we are pleased to launch our latest “new vehicle” insurance offering for all prospective two-wheeler and four-wheeler owners. This coverage aims to facilitate users in making informed decisions by comparing policy options and pricing via a seamless digital experience. At PhonePe, our goal is to simplify insurance-buying and make the process transparent and hassle-free for users. With this launch, we hope to transform the way consumers purchase insurance for their new vehicles.” – Vishal Gupta, CEO at PhonePe.