Get Premium Insurance of 1 Lac In Just 20 Rs on Paytm

Are you secured with PayTM’s Low-cost Insurance Plans?

PayTM, a company that started as a mobile recharge service provider has come a long way from where it started. It has now become India’s most valuable startup and is backed up several investors.

PayTM now offers a wide range of services which include Mobile recharge, Utility Bill Payment, Hotel bookings, Movie Ticket bookings and Transport ticket bookings including air travel as well. It has now become a one-stop service for everything.

PayTM has a lot to offer for its users. These days it is everywhere both online and offline. PayTm has integrated its services greatly into users life. It has everything under one hood including shopping and shipping.

Recently the company entered into financial services by launching PayTM payments bank and started several financial services. One can easily create a virtual bank account and add funds to the account to make online transactions. PayTM also issues Digital Debit card that can be used like other physical cards for shopping.

It also launched several other financial services like UPI. Out all these financial services one thing that really comes handy for many users is the PayTM insurance services. PayTM not only allows you to pay your insurance policies but also allows you to but insurance plans like accidental and health insurance.

Yes, what you heard is true. You might not have noticed this PayTM service. But yes you can buy a Insurance plans directly from PayTM without any hassles of any paperwork. It is quick and easy to buy an insurance plan from PayTM.

The most important thing is that all these plans are very affordable and does not burn your pocket.

Learn more about PayTM Insurance Plans:

PayTM, besides its banking services is now offering many value-added services like Insurance plans. These plans safeguard customers in case of accidental mishaps. So it is worth purchasing a insurance plan from PayTM as they are not very expensive.

Here below we have listed more details about payTM’s Insurance services. So do check them protect your life.

PayTM Insurance Plans:

Currently, the mobile wallet company is mainly offering two insurance plans which include accidental insurance and Insurance fro Mosquito-borne diseases which are quite common in India.

  1. Accidental Insurance:

PayTM, in partnership with ICICI Lombard General Insurance Co. Ltd is offering Personal accidental insurance policy coverage. The insurance policy offers coverage of Rs 1 lakh for Accidental Death and Partial Permanent Disability for a period of 1 year.

One can easily buy the policy from the PayTM app with just one tap by paying a small amount of Rs 20 per annum.

Once you purchase the plan, the details will be mailed to your email and you don’t actually need to provide any other additional documents.

Customers can purchase a maximum of 5 such policies.

Eligibility and Terms

Just like other insurance plans, this insurance policy has some requirements as well.

  • Policy is valid for Indian citizens only.
  • It is only available for users aged between 18 – 50 years at the time of issuance.
  • The policy will be issued in the name of the individual as registered with Paytm.
  • The policy coverage will start from the third day of the transaction and is valid for 1 year.
  • Customers should reach out to ICICI Lombard General Insurance Co. Ltd. for any issues and claims.

Note: The company offers a 15 Days Return Policy and 15 Days cancellation policy and can be cancelled within 15 days from the date of purchase.

You can buy from the app or simply click here to purchase or learn more details about the insurance plan to enjoy the benefits.

  1. Dengue Shield Insurance

This is a health insurance plan offered by PayTM in partnership with ICICI Lombard Insurance Co. The policy covers customers from mosquito borne diseases like Dengue, Malaria, Chikungunya etc.

This is a totally worthy plan as these diseases are quite common in a country like India. Get shielded from these diseases with an insurance plans will be the right decision as it just costs you only Rs 49.

The company offers the following benefits under this plan:

  • Specific vector-borne disease related Hospitalization Benefit up to Rs. 10,000
  • Specific vector-borne disease related to Death Benefit – Rs. 1,00,000
  • Malaria-related Hospitalization Benefit up to Rs. 10,000
  • Malaria-related Death Benefit – Rs. 1,00,000

Eligibility and Terms:

  • The customer should be between 18-50 years of age at the time of policy inception.
  • The Hospitalization is for Medically Necessary Treatment of the Specific Vector Borne disease and is commenced and continued on the written advice of the treating Medical Practitioner.
  • The insured person’s stay in the Hospital should continue for a minimum period of 48 successive hours.
  • Becomes invalid if the customer is hospitalized before the inception of this plan.
  • Doesn’t cover Pre-hospitalization Medical Expenses or Posthospitalization Medical Expenses.
  • A customer can purchase only 2 such policies through Paytm

Note: The company offers a 15 Days Return Policy and 15 Days cancellation policy and can be cancelled within 15 days from the date of purchase.

You can buy from the app or simply click here to purchase or learn more details about the insurance plan and enjoy the benefits.

Ending the Article –

So this is about the PayTM insurance plans that safeguard your life from day to day accidental threats. It is good to get these plans as we can’t predict the next minute.

What do you think of these PayTM’s offerings?

Do tell us in comments and share this with someone who you care.