How do I buy the Guaranteed Returns policy on PhonePe?

To buy the Guaranteed Returns policy on PhonePe:

  1. Tap Insurance at the bottom of the home screen. You can also tap See All under the Insurance section on the home screen.
  2. Tap Guaranteed Returns under the Life Insurance section.
  3. Choose the sum assured and the premium term. 
  4. Enter your Date of Birth and tap View Plans.
  5. Choose the policy paying term and the payment frequency. 
  6. Tap Buy Plan.
  7. Tap Start KYC.
  8. Enter your PAN number, and tap Save & Next
  9. Select a document you would like to submit as an ID and address proof and tap Save & Next.
  10. Upload a scanned copy of the document you’re submitting as ID and address proof and tap Save & Next.
  11. Check the address and date of birth and tap Save & Next.
  12. Take a selfie photo as per the instructions displayed and tap Save & Next
  13. Tap Submit Now.
  14. Enter all the required details such as the name, email address, annual income, nominee details, and so on and tap Buy.
  15. 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.
  16. Select your preferred payment mode to make the payment.

Learn more about who you can add as a nominee when buying this policy.