PhonePe sells over 1 mn two wheeler insurance policies on its platform

Sees over 75% of overall insurance purchases from tier 2 & 3 cities

Walmart-owned digital payments firm PhonePe said it has sold over 1 million two-wheeler insurance policies on its insurance broking platform since the launch of the product. The company also said over 75 per cent of overall insurance purchases come from tier-2 and tier-3 cities showcasing wide adoption of its offerings in non-metros cities and towns. The firm said this milestone is a key marker in PhonePe’s vision of making insurance products accessible to all. PhonePe aims to help reduce the number of uninsured vehicles on the road with a wide selection of policy types, affordable prices and a paperless 2-minute