Fino Payments Bank Limited has partnered with Go Digit General Insurance Limited, one of India’s fastest growing general insurers, to provide small and medium business owners with shop insurance coverage. Fino Payments Bank serves as a corporate representative for Go Digit. Through the partnership, small and medium businesses are allowed to take advantage of Digit’s My Business Policy in the case of a catastrophe.
Key Features of Insurance:
- The insurance is for one-year that will cover loss or damage to inventory or goods caused by burglary, earthquakes, fire, lightning, storms, floods, and riots.
- The customers of Fino Bank can join Go Digit’s coverage for Rs 550 per year (for a sum insured of Rs 3 lakh), which will rise to Rs 2,600 per year(for a sum insured of Rs 15 lakh).
Important takeaways for all competitive exams:
- Fino Payments Bank Founded: 4 April 2017;
- Fino Payments Bank Headquarters: Juinagar, Navi Mumbai;
- Fino Payments Bank MD & CEO: Rishi Gupta.