UPI, credit cards grab top spots for insurance premium payments: Policybazaar data

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Unified Payments Interface (UPI) and credit cards have emerged as the two most popular payment modes used by consumers while paying for their insurance premiums, according to data analysed by insurance marketplace Policybazaar.

PB Fintech-run Policybazaar said health, term and motor insurance products have seen the highest adoption of UPI payments in the last one year. Motor insurance purchases already had more than 50% of payments going via UPI. For health insurance, the share of UPI payments stood at 25%.

Policybazaar is the largest insurance…



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UPI, credit cards grab top spots for insurance premium payments: Policybazaar data


Unified Payments Interface (UPI) and credit cards have emerged as the two most popular payment modes used by consumers while paying for their insurance premiums, according to data analysed by insurance marketplace Policybazaar.

PB Fintech-run Policybazaar said health, term and motor insurance products have seen the highest adoption of UPI payments in the last one year. Motor insurance purchases already had more than 50% of payments going via UPI. For health insurance, the share of UPI payments stood at 25%.

Policybazaar is the largest insurance…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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