Diwali is a time of joy, light, and celebration, but with the festivities comes the risk of accidents, especially from firecrackers. To address this concern, PhonePe has launched a special insurance plan called Firecracker Insurance, providing an affordable and easy way to stay protected during the festival season. Priced at just Rs. 9, this insurance covers accidental injuries and hospitalization due to firecracker-related mishaps.
What Does the Firecracker Insurance Plan Offer?
For a minimal cost of Rs. 9, the Firecracker Insurance Plan offers coverage of up to Rs. 25,000 for a 10-day period during Diwali. The plan includes coverage for the policyholder, their spouse, and two children, making it an ideal option for families looking for peace of mind while enjoying the festivities. The insurance covers:
- Accidental Death: Rs. 25,000 lump sum payout in case of unfortunate incidents.
- Accidental Hospitalization: Coverage up to Rs. 25,000 on a floater basis for medical expenses related to firecracker accidents.
How to Buy PhonePe’s Firecracker Insurance?
Purchasing the Firecracker Insurance is simple and can be done through the PhonePe app. Here’s how:
- Open the PhonePe app and navigate to the Insurance section.
- Select Firecracker Insurance from the available options.
- Review the policy details, including the sum assured and the Rs. 9 premium.
- Fill in the policyholder details and make the payment to activate your coverage.
The insurance becomes valid starting from October 25. If purchased after this date, the policy takes effect from the day of purchase.
Easy Coverage for Common Diwali Accidents
Accidents involving firecrackers are common during Diwali, and this policy aims to provide families with financial security against such risks. Here are some key features:
- Accidental Death Coverage: If a fatal accident occurs due to firecrackers, the insurance will pay out Rs. 25,000 as a lump sum.
- Hospitalization Coverage: Medical expenses for firecracker-related injuries requiring hospitalization will be covered up to Rs. 25,000. This applies to both day-care procedures and hospital stays of less than 24 hours.
Age Eligibility for Coverage
The Firecracker Insurance plan covers adults aged 18 to 65 years and children aged 3 months to 25 years. The coverage applies to the entire family, making it a comprehensive solution for Diwali safety.
Why Choose Firecracker Insurance?
This affordable insurance plan by PhonePe is designed to offer quick and hassle-free coverage for firecracker accidents during Diwali. The goal is to ensure families can enjoy the festival without worrying about potential medical expenses from firecracker-related injuries. For just Rs. 9, this plan offers peace of mind during one of the most vibrant and sometimes risky times of the year.
