PhonePe on Tuesday announced the launch of a new and affordable insurance plan for dengue and malaria on its platform, starting at just Rs. 59 per year.

The affordable health coverage plan offers comprehensive year-round coverage of up to Rs. 1 lakh for medical expenses related to vector and air-borne diseases.

This insurance cover also ensures users, especially in tier-II and tier-III cities, are financially protected against unexpected medical expenses caused by such illnesses throughout the year.