On August 6, 2020, Airtel Payments Bank has entered into a partnership with Bharti AXA General Insurance to offer the latter’s affordable and newly launched shop insurance product namely “Smart Plan Shop Package Policy” for financial protection of the bank’s retailers and merchants. The policy will provide financial protection in case of damage to assets inside the shop due to fire and allied perils and burglary, among others, as covered in the product.
- Notably, a large number of bank’s retailers and merchants are small- and medium-size shop owners who are totally dependent on their shops for their livelihood.
About Smart Plan Shop Package Policy:
This policy covers assets inside the shop against burglary, fire and allied perils such as flood, earthquake, landslide, rockslide, riots, strike and malicious damage, among others. It also covers the loss of money in safe because of an accident.
- The policy has a flexible sum insured option, starting from Rs 2 lakh up to Rs 25 lakh.
Recent Related News:
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.
About Airtel Payments Bank:
Managing Director (MD) and Chief Executive Officer (CEO)– Anubrata Biswas
Headquarter– New Delhi, Delhi.
About Bharti AXA General Insurance:
Managing Director (MD) and Chief Executive Officer (CEO)– Sanjeev Srinivasan
Headquarter– Mumbai, Maharashtra