Airtel Payments Bank has collaborated with Bharti AXA General Insurance to offer financial protection for COVID-19 via two different health insurance plans. The plan named “Bharti AXA Group Health Assure Policy” offers a lump sum benefit of Rs 25,000 and the other plan “Group Hospital Cash” will offer a daily benefit of starting Rs 500.
- It should be noted that both are ‘Need-Based Insurance’ covers with a validity of one year and there is no mention about the minimum and maximum age limit to avail this policy.
Bharti AXA Group Health Assure Policy
Priced at Rs 499 (including GST), it comes 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.
- In the case that the policyholder is tested negative after being quarantined for at least 14 days in a government hospital or military facility/establishment, the companies will provide 50% of the sum insured. The policy becomes effective from the day one of the purchase.
Group Hospital Cash Policy:
Under this, per day fixed allowance on hospitalization with enhanced Intensive Care Unit (ICU) cash is provided. Per day benefit of Rs 500 or Rs 1000 is paid for each day of hospitalization, up to maximum for 10 days.
About Airtel Payments Bank:
Establishment– 2017
Headquarters– New Delhi
Chairman– Sunil Bharti Mittal
About Bharti AXA General Insurance:
Establishment– 2008
Headquarters– Mumbai, Maharashtra
Chief Executive Officer (CEO) & Managing Director (MD)– Sanjeev Srinivasan
