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UPI, Payments, Recharges, Insurance, Mutual Fund & Digital Gold
By Mei-Lin Chua
Contributing editor, apps and storefronts
Navi is a finance app built around five areas: UPI payments, car and bike insurance, health insurance, mutual funds and digital gold. Each one is sold or run by a separate group. The app is owned by Navi Limited, founded in 2018. Its car, bike and health policies come from Navi General Insurance Limited, an IRDAI-registered general insurer, and its mutual fund schemes are offered by Navi Mutual Fund, registered with SEBI.
The app suits someone who wants to handle everyday payments and a few long-term products in one place rather than across several apps. A referral program also lets existing users share the app with friends and family for rewards on each successful referral, according to the listing.
The build we hold is Navi: UPI, Payments, Insurance 7.27.13 (APKS split bundle) for Android 10 and up.
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Navi UPI lets you send money to any UPI ID or contact, pay bills, and recharge a phone or other service directly in the app. At a shop you can scan a QR code to pay, and you can use UPI to pay on other apps. The listing says Navi UPI is approved by NPCI.
Navi UPI Lite is a separate option for small amounts, and the listing says it needs no PIN. The rest of the UPI payments in the app use your normal UPI PIN.
You can buy comprehensive or third-party car and bike insurance, and renew an existing policy in a few clicks. The listing says policies are bought directly from Navi with no commission or extra fees, and that the paperwork is handled digitally.
Cashless repairs are offered at garages across India. Claims are supported by a claims relationship manager reachable 24 hours a day, including Sundays. Optional add-ons include Roadside Assistance, Zero Depreciation, Return to Invoice and Engine Protect, among others.
Navi Health Insurance offers cover up to ₹3 crore, with premiums the listing gives as starting at ₹522 per month. The insured can use cashless treatment at more than 12,000 network hospitals, and the listing says cashless claims settle within 20 minutes.
Hospital bills are handled through a paperless process, and the listing says the policy covers 100% of them. The cover is written by Navi General Insurance Limited and can be bought for family members as well as yourself.
Navi Mutual Fund offers direct index funds and runs SIPs that can be set to daily, weekly or monthly, starting at ₹100. Orders placed until 3 PM get the same-day NAV, and the listing says redemption payouts are quick and that there is no commission. The listing notes that mutual fund investments carry market risk and that scheme documents should be read.
Digital gold is sold as 24K gold at 99.9% purity, with purchases starting at ₹50. You can buy it alongside mutual funds in the same app, so both sit in one account.