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Airtel Payments Bank to offer COVID-19 insurance policy

Airtel Payments Bank to offer COVID-19 insurance policy_4.1
The Airtel Payments Bank has partnered with Bharati AXA General Insurance to launch a COVID-19 insurance policy. The Bharti AXA Group Health Assure Policy has rolled out a policy with a fixed cover offering 100% sum insured as a lump sum, if the policy holder is diagnosed positive or gets quarantined in a government hospital or military facility/establishment. The insurance plan can be purchased directly from the banking section of the ‘Airtel Thanks App’ or by visiting the nearest active banking point-of-sales (POS) of Airtel Payments Bank at a price of Rs 499 for fixed sum insured of Rs 25,000.

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Along with above insurance plan, the two entities have also launched jointly a group health cover for COVID-19 which provides per day fixed allowance on hospitalization with Enhanced ICU Cash.

Both of the above insurance products are currently available for savings bank account customers of Airtel Payments Bank who are not suffering from COVID-19 or its symptoms. The policy can be purchased without any pre-medical check-up.

Important takeaways for all competitive exams:

  • MD and CEO of Airtel Payments Bank: Anubrata Biswas.
  • MD and CEO of Bharti AXA General Insurance: Sanjeev Srinivasan.

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