New Delhi, October 2026 : Digital payments platform PhonePe has reintroduced its firecracker insurance offering for the third consecutive year, providing medical coverage of up to Rs 25,000 for premiums starting at Rs 11 ahead of Diwali.
The seasonal micro-insurance policy, available digitally through the PhonePe app and underwritten by Aditya Birla Health Insurance, aims to provide financial protection against eligible medical expenses arising from firecracker-related accidents during the festive season.
The company said the affordable insurance plan is designed to offer users additional financial security while celebrating Diwali. With fixed premiums and a simple online purchase process, the policy allows customers to access coverage without lengthy documentation or complicated procedures.
The insurance offers three key benefits: hospitalisation coverage, day-care treatment coverage and an accidental death benefit, subject to the policy's terms and conditions.
PhonePe Firecracker Insurance: Key Benefits
Hospitalisation cover: The policy provides reimbursement of eligible medical expenses up to Rs 25,000 for inpatient hospitalisation lasting more than 24 hours.
Day-care treatment: Medical expenses of up to Rs 25,000 are covered for eligible procedures, including certain burn treatments, that require less than 24 hours of hospital admission.
Accidental death benefit: The policy provides a fixed lump-sum payment of Rs 25,000 in the event of an eligible accidental death. This benefit applies exclusively to the primary policyholder.
PhonePe has introduced two fixed-premium options, priced at Rs 11 and Rs 21. Customers can select the available plan variant according to their requirements, with only one variant permitted to remain active at a time.
The coverage and benefits are subject to the insurer's policy terms, conditions, exclusions and eligibility requirements. Customers are advised to review the policy details before purchasing the insurance.
How to Buy Firecracker Insurance on PhonePe
The company has designed the purchase process to be completed digitally in under a minute. Customers can access the offering directly through the PhonePe application by following these steps:
Open the PhonePe app and navigate to the Insurance section.
Select the Firecracker Insurance option.
Review the plan details, including the Rs 25,000 sum insured and the applicable premium of Rs 11 or Rs 21.
Check the insurer's information and read the detailed coverage benefits.
Enter the required policyholder details and tap ‘Proceed to Pay’ to complete the purchase.
Affordable Insurance for Diwali Celebrations
The return of PhonePe's firecracker insurance reflects the growing availability of low-cost, digitally accessible insurance products in India. Such micro-insurance offerings are intended to help consumers manage certain unexpected expenses without committing to high premiums.
With Diwali celebrations often involving firecrackers, the policy offers eligible customers financial support for specified medical emergencies. However, insurance does not eliminate the risks associated with fireworks, and people are encouraged to follow safety precautions while celebrating the festival.
(Disclaimer :The content of this article is sourced from a news agency and has not been edited by the Mavericknews30 team.)
