India's leading digital payments platform PhonePe said on Thursday that coronavirus insurance has seen widespread adoption lately with 75 per cent of its policies bought by customers in smaller towns outside the tier-1 cities.
This reflects the trust in PhonePe platform among users in smaller towns and rural areas. The top states contributing to sales include Maharashtra, Andhra Pradesh, Karnataka, Telangana and Gujarat.
PhonePe offers affordable coronavirus insurance policies in association with Bajaj Allianz General. The claims of more than Rs 3.5 crore have already been paid.