Want Home Insurance For Rs 181? Check PhonePe’s Latest Home Insurance Product And Its Key Features

Expanding its presence in the insurance sector, PhonePe has launched a new product to offer house insurance to people with a starting price of Rs 181. The recently launched house insurance plan has a coverage range from Rs 10 lakhs and can go as high as Rs 12.5 crore.

PhonePe's home loan insurance offers protection against significant risks such as fire, floods, earthquakes, riots and theft. Homeowners, who have availed a home loan or not, can apply for PhonePe's brand new service. Here are all the details about PhonePe's home

PhonePe House Insurance Premium: How Much Does It Cost?

PhonePe's home insurance premium starts from just Rs 181 per year (including GST). The house insurance premium covers Rs 10 lakhs to Rs 12.5 crores.

What Are The Other Key Features Of PhonePe House Insurance?

The house insurance covers over 20 risks like fire, floods, earthquakes, riots, and theft. The insurance is available to all homeowners regardless of existing loans and is accepted by all banks for home loan requirements.

Vishal Gupta, CEO at PhonePe Insurance Broking Services, stated: "We believe India's homeownership aspirations are larger than ever, and PhonePe is eager to be a part of that journey, backed by its expertise. We are committed to making insurance accessible and affordable for every Indian. The launch of our new home insurance offering is a crucial step in this direction, empowering homeowners to protect their most cherished asset with complete ease."

The insurance offering is a crucial step in this direction, empowering homeowners to protect their most cherished asset with complete ease."

PhonePe House Insurance: How To Avail The Benefit?

-Download and install the PhonePe Application.
-Connect your bank account-registered mobile number with the application.
-Open the PhonePe app and select 'home insurance' under 'explore other insurances'.
-Enter your house's value in the section.
-Select the duration of your house insurance coverage.
-Provide other mandatory details like owner's name, property details, etc.
-Proceed for payment to activate the house insurance policy with zero documents.
The house insurance is PhonePe's latest insurance service. Earlier, it launched health insurance with a starting price of Rs 100. The fintech platform is also offering low-cost insurance products for vehicles, devices and gadgets, etc.

About PhonePe

The fintech company, launched in August 2016, started primarily as a digital payment services provider. By July 2025, the company has over 640 million registered users and a network of more than 45 million merchants across India. The company processes over 350 million transactions daily with an Annualized Total Payment Value (TPV) exceeding INR 150 lakh crore.