Source: Indian PSU
Through this partnership, PhonePe users aged 18-45 can easily access the ‘Ageas Federal Life Insurance Group Term Plan’ via the app, enjoying a seamless digital application process with no medical tests or extensive paperwork. Users can choose a sum assured ranging from Rs. 5 lakh to Rs. 25 lakh and opt for either monthly or yearly premium payments, starting at just Rs. 5,000 annually. This collaboration is rooted in a shared vision of leadership and innovation, bringing insurance solutions to millions of underserved customers and reinforcing both brands’ commitment to making financial protection accessible to all.
Speaking on the partnership, Sachin Gupta – Business Head – Digital & D2C, Ageas Federal Life Insurance, said, “We at Ageas Federal Life Insurance are extremely excited about our partnership with Phone Pe. Not only does it help us realize our commitment to make insurance accessible to all, but the digitization of the process will also ease the customer journey. The end-to-end process of purchasing a policy, from application to issuance, can be completed swiftly and seamlessly, with policies issued instantly. Through this partnership with PhonePe, we are confident of creating a robust distribution channel for digitally savvy customers and securing a fearless future for all.”
Read full article: https://indianpsu.com/ageas-federal-life-insurance-partners-with-phonepe-to-increase-life-insurance-penetration-in-india/
