A fully owned subsidiary of PhonePe Pvt Ltd, PhonePe Insurance Broking Services, revealed on Tuesday that it has started selling health insurance plans with complete coverage in collaboration with top insurers.”What sets these health insurance plans apart is the introduction of the UPI monthly mode of payment, making them more affordable for customers,” the business stated in a statement.These health insurance policies provide consumers unlimited access to any hospital room with coverage up to Rs 1 crore. A user may also benefit from cutting-edge features like extra coverage that can be up to seven times the base insurance amount for each year without a claim. Pre- and post-sales support is provided with the PhonePe Insurance Broking Health Insurance plans to help users make informed decisions, file claims, and access other services, added the company.Hemant Gala, Vice President of Financial Services at PhonePe, commented on the launch, saying, “One of the main obstacles to purchasing health insurance has been cost, and we have overcome this by developing India’s first health insurance marketplace based on monthly payments. With consumers being able to pay in monthly installments with a considerably smaller financial strain, we think this will lead to deep penetration.It’s straightforward and easy to get health insurance on PhonePe. A user only needs to:Enter the bare minimum of information for each member you wish to insure.Go to the quotations page, pick your favorite quote, and then proceed to the next page to enter your health and personal information.Review the data and choose whether to make a monthly or annual payment after doing so.