66th Day Of Lockdown

Maharashtra59546186161982 Tamil Nadu1937210548148 Delhi162817495316 Gujarat155728003960 Rajasthan80674815180 Madhya Pradesh74534050321 Uttar Pradesh71704215197 West Bengal45361668295 Andhra Pradesh3245213359 Bihar3185105015 Karnataka253381847 Telangana2256134567 Punjab2158194640 Jammu and Kashmir203685927 Odisha16608877 Haryana150488119 Kerala10895558 Assam8801044 Uttarakhand493794 Jharkhand4621914 Chandigarh3641894 Chhatisgarh364830 Tripura2421650 Himachal Pradesh223634 Goa68370 Puducherry49170 Meghalaya20121 Nagaland1800 Manipur540 Arunachal Pradesh210 Mizoram110 Sikkim100
Business Companies 06 Apr 2020 Airtel Payments Bank ...

Airtel Payments Bank ties up with Bharti AXA to offer insurance covering covid19

PTI
Published Apr 6, 2020, 3:09 pm IST
Updated Apr 6, 2020, 6:24 pm IST
The validity period of these policies is restricted to one year and will be issued on individual name basis only
Airtel Payments Bank. (Photo- PTI)
 Airtel Payments Bank. (Photo- PTI)

Mumbai: Airtel Payments Bank on Monday said it has partnered with Bharti AXA General Insurance to offer health insurance plans to provide cover and give financial protection against covid-19.

Under the tie-up, the companies are offering two health insurance plans Bharti AXA Group Health Assure which offers lump sum benefit of Rs 25,000 and Group Hospital Cash which provides daily benefit starting Rs 500 per day to provide protection against covid-19.

 

With no pre-medical check-up required, both the products are currently available for savings bank account customers of Airtel Payments Bank who are not suffering from covid-19 or its symptoms.

"With our technology platform and deep distribution reach, we will be immediately able to offer this product to millions of customers at this hour of need," Airtel Payments Bank Managing Director and CEO Anubrata Biswas said in a statement.

Bharti AXA General Insurance Managing Director and CEO Sanjeev Srinivasan said, "We believe that ensuring a safety net against the financial repercussions of covid-19 or any disease is just as important as exercising precautions against it."

Bharti AXA Group Health Assure comes with a fixed cover offering 100 per cent sum insured as a lump sum, if the policy holder is diagnosed positive or gets quarantined in a government hospital or military facility/establishment.

In case, the policy holder is diagnosed negative after being quarantined for at least 14 days in a government hospital or military facility/establishment, he or she will be entitled to 50 per cent of the sum insured.

The policy offers protection for covid-19 from day one of the purchase and can be purchased at a price of Rs 499 (including GST) for fixed sum insured of Rs 25,000.

Group Hospital Cash policy provides per day fixed allowance on hospitalisation with enhanced ICU cash. Under this policy, depending on the plan, a customer is entitled to a fixed per day benefit of Rs 500 or Rs 1,000 paid for each day of hospitalisation, up to maximum for 10 days. This benefit doubles, if the policy holder is treated in ICU, the release said.

The validity period of these policies is restricted to one year and will be issued on individual name basis only.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT