PhonePe launches Domestic Trip Insurance with ICICI Lombard as India starts opening-up

With the lockdown ending and domestic travel gradually starting across the country, PhonePe, India’s leading digital payments platform, today announced the launch of a comprehensive, industry-first domestic multi-trip insurance cover in a strategic partnership with ICICI Lombard, India’s largest non-life insurance company. This product exclusively available for PhonePe users, provides one of the most affordable annual insurance covers for unlimited trips. This unique solution takes a leap forward from traditional travel insurance removing the need to insure every trip separately and will benefit both business and leisure travellers. The new launch enables a stress-free travel experience for customers by covering risks associated with all modes of travel within the country (road, rail and air within the country) right from the time a customer leaves home till the time he/she returns. For domestic travellers who may be worried about stepping out during the COVID-19 pandemic, this unique, all-in-one insurance product offers a comprehensive bouquet of benefits that cover losses arising from trip cancellations, home burglary while travelling, missed connecting flights, lost baggage and more. The product also caters to the needs of customers who prefer buying domestic travel insurance every time they book a ticket or a cab. With 365-days protection at just INR 499, this is the most cost-effective and hassle-free cover that cuts across all modes of transport. For air travellers specifically, there is a unique feature of trip cancellation due to hospitalisation and up to INR 1,000 payout for trip cancellation due to government lockdown. In addition to this, it also provides cover against death or hospitalization due to an accident during the journey with a sum assured of INR 5 lakhs. PhonePe now offers customers a complete travel insurance product portfolio with both international and domestic travel insurance catering to the needs of all kinds of travellers.