Diwali 2025: On the occasion of Diwali, now you can protect your family from accidents caused by firecrackers for just Rs 5. Fintech company CoverSure has launched Firecracker Insurance Policy, which will provide insurance cover in case of accidents occurring during the festival. This policy will be valid for 10 days and can be purchased directly from the CoverSure platform. Earlier, PhonePe had also launched Firecracker Insurance for Rs 11.
This policy provides coverage up to Rs 50,000 for accidental death and Rs 10,000 for burn injuries. The company says that its objective is to promote security during the festival and to provide affordable insurance facility to common families.
Saurabh Vijayvargiya, Founder and CEO of CoverSure, said that Diwali is a festival of happiness, but at the same time there is a danger of accidents due to fire or firecrackers. Available for just Rs 5, this insurance is a small but effective security cover for families. We want insurance to become a part of people’s everyday lives.
According to Delhi Fire Service, a 53% increase in fire and emergency calls was recorded in Diwali 2024. There was also an increase in cases of eye injuries and burns in cities like Bengaluru and Chandigarh.
Before CoverSure, PhonePe had also launched Firecracker Insurance Policy for Rs 11 last year, which received good response from people. It was relaunched by the company and named Short-Term Firecracker Insurance Plan. This special plan protects people against accidents caused by firecrackers. The price of this policy is only Rs 11 including GST. Short-term firecracker insurance plans provide cover up to Rs 25,000. The biggest thing is that this plan is only for 11 days. That means, along with the excitement of Diwali and other festivals, you will also get insurance protection cover for both your pocket and health. Both of these can be purchased from the insurance company’s website and app.
What will you get in PhonePe cover?
Hospitalization charges (in case of admission more than 24 hours)
Day-care treatment (treatment less than 24 hours)
Accidental death, if the accident is caused by firecrackers
A policy will cover the policyholder, spouse and two children.