How do I buy the Guaranteed Returns policy on PhonePe?
To buy the Guaranteed Returns policy on PhonePe:
- Tap Insurance at the bottom of the home screen. You can also tap See All under the Insurance section on the home screen.
- Tap Guaranteed Returns under the Life Insurance section.
- Choose the sum assured and the premium term.
- Enter your Date of Birth and tap View Plans.
- Choose the policy paying term and the payment frequency.
- Tap Buy Plan.
- Tap Start KYC.
- Enter your PAN number, and tap Save & Next.
- Select a document you would like to submit as an ID and address proof and tap Save & Next.
- Upload a scanned copy of the document you’re submitting as ID and address proof and tap Save & Next.
- Check the address and date of birth and tap Save & Next.
- Take a selfie photo as per the instructions displayed and tap Save & Next.
- Tap Submit Now.
- Enter all the required details such as the name, email address, annual income, nominee details, and so on and tap Buy.
- Enter the OTP sent to your mobile number and tap Submit.
Note: The app will fetch the OTP automatically if you’ve given the required SMS permissions. - Select your preferred payment mode to make the payment.
Learn more about who you can add as a nominee when buying this policy.