You can compare and purchase insurance policies on Paytm app
What's the story
Buying insurance is an important decision for your financial well-being, and thanks to digital platforms like Paytm, it's now easier than ever. This tutorial walks you through the process of comparing and buying insurance policies right from the Paytm app on your Android phone. By following these easy steps, you can have peace of mind knowing you've chosen a policy with great coverage at a price that fits your budget.
Accessing insurance
Navigate to insurance options
After you have signed in to your Paytm account, finding the "Insurance" section is the first step. This section is easily visible either on the home screen or within the app's menu. You will see different insurances from health to life, and general insurance policies. Choosing the correct insurance type as per your requirement is important to proceed further.
Policy comparison
Compare policies efficiently
Once you input your details and use the premium calculator on Paytm, you will get multiple health insurance plans from different insurers. You should carefully compare these plans by checking their coverage details, exclusions, waiting periods, and any additional benefits like no-claim bonuses. Look for plans that not only provide competitive pricing—around 13% cheaper than the market—but also offer comprehensive benefits like hospitalization cover and unlimited consultations.
Buying made simple
Seamless policy purchase
Purchasing insurance on Paytm is a breeze: Choose a policy, make a payment online, and get documents instantly; there are no medical tests required. This eliminates waiting periods and guarantees immediate coverage. Once purchased, remember to download your policy for your records. In case of claims, Paytm's Priority Claims Desk provides assistance, facilitating seamless communication with insurers and health care providers.