Online app PhonePe has announced the launch of a new Dengue and Malaria Insurance Plan on its platform, at Rs.  59 per year.

"This affordable health coverage plan offers comprehensive year-round coverage of up to ₹1 lakh for medical expenses related to vector and air-borne diseases," the company said in a statement.

The platform said the insurance cover also ensures users, especially in Tier 2 and Tier 3 cities, are financially protected against unexpected medical expenses caused by such illnesses throughout the year.

This plan offers PhonePe users extensive coverage against 10+ vector-borne and air-borne diseases including malaria, dengue, chikungunya, filariasis, Japanese encephalitis, swine flu, bird flu, typhoid, pulmonary tuberculosis, and meningitis.

The cover includes hospitalisation, diagnostics, and ICU stays.

Unlike other seasonal plans, the coverage with this plan is not limited to the monsoons.

It extends throughout the year, ensuring that PhonePe users have access to year-round protection and continuous coverage.

Commenting on the launch, Vishal Gupta, CEO at PhonePe Insurance Broking Services, said, “Our goal is to provide tailor-made insurance solutions to underserved populations across the country by leveraging our expertise in digital distribution, thus ensuring peace of mind for millions of Indians.”