AIRTEL PAYMENTS BANK JOIN HANDS WITH BHARTI AXA LIFE INSURANCE TO OFFER BHARTI AXA LIFE POS SARAL JEEVAN BIMA YOJANA - GADGETS & INNOVATIONS

Breaking

Post Top Ad

Post Top Ad

Tuesday, July 2, 2019

AIRTEL PAYMENTS BANK JOIN HANDS WITH BHARTI AXA LIFE INSURANCE TO OFFER BHARTI AXA LIFE POS SARAL JEEVAN BIMA YOJANA



-Bharti AXA Life POS Saral Jeevan Bima Yojana provides pure term insurance cover  of up to Rs 5 lakh at affordable premium rates

-To be available at over 60,000 Airtel Payments Bank – Banking Points across India

-The product is aimed at leveraging Airtel Payments Bank’s vast distribution network for serving the uninsured segment

-Currently offering a life cover option from 3 lakh to 5 lakh, which will soon be extended to cover up to Rs.25 lakh


Airtel Payments Bank, India’s first payments bank, has partnered with Bharti AXA Life Insurance to offer the Bharti AXA Life POS Saral Jeevan Bima Yojana through its extensive network of banking points across the country.

Bharti AXA Life POS (Point of Sale) Saral Jeevan Bima Yojana is a pure life term insurance plan which is aimed at the underinsured and uninsured segments in India. Any individual between the ages of 18 and 55 can enrol for this product without the need to undergo a medical examination.

The consumers are offered the option to choose a policy cover of either 3 lakh or 5 lakh at affordable premiums. The consumers also get the flexibility of choosing their preferred policy term, premium payment mode, and additional benefits such as pay-out of double the sum assured in case of death due to an accident.

All Airtel Payments Bank savings bank account customers can purchase Bharti AXA Life POS Saral Jeevan Bima Yojana through a quick, simple, secure and paperless process at their banking points. While the policy is initially available at Airtel Payments Bank’s 25,000 retail outlets, this will soon be expanded to cover over 60,000 banking points.

Both Airtel Payments Bank and Bharti AXA Life Insurance would provide an end-to-end digital journey with zero documentation and instant confirmation of policy issuance. The life cover option for the customers will soon be extended up to Rs 25 lakh.

Last year, Airtel Payments Bank had also partnered with Bharti AXA Life Insurance to offer Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a government-backed life insurance scheme aimed at increasing penetration of life insurance products among the underinsured masses and boosting financial inclusion. 


New Delhi, July 02, 2019

No comments:

Post a Comment

Subscribe To Comment

Post Top Ad