Bharti Axa ties up with Airtel Payments Bank to offer Jeevan Jyoti Bima


Bharti Axa Life Insurance and Airtel Payments Bank entered into an alliance to offer the ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY), a government-backed life insurance scheme. The alliance will leverage Airtel Payments Bank’s vast network to reach deep rural pockets and serve the under-insured. With this, Airtel Payments Bank also becomes the first payments bank in India to offer the Government of India-backed life insurance scheme.

The product (PMJJBY) provided by Bharti Axa Life Insurance offers Rs 2 lakh life insurance cover for a nominal premium of Rs 330 per annum and can be purchased by all existing or new Airtel Payments Bank savings bank account holders between the ages of 18-50.

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • CEO of Airtel Payments Bank- Anubrata Biswas
  • Headquarters of Airtel Payments Bank- New Delhi
Source- The Hindu Business Line