Airtel Payments Bank has partnered with Bharti AXA Life Insurance, offering POS Simple Life Insurance Scheme
New Delhi. Bharti AXA Life POS Simple Life Insurance Scheme has been launched by Bharti AXA Life Insurance, India’s first payments bank, Airtel Payments Bank.
Airtel Payments Bank will present this plan to the network of its banking points spread across the country. Bharti AXA Life POS (Point of Sale) Simple Life Insurance Scheme is a pure life insurance plan.
The goal of this scheme is to attract the area of low insured and without insurance. Any person special, between the ages of 18 and 55, can choose any product without a medical examination.
Customers have the option of choosing insurance cover of three lakh to five lakh on the preferred premiums of their choice. Customers have been given the option of such benefits as their choice of the policy term, premium payment mode and other benefits, such as doubling of the sum assured even when the death occurs in an accident.
In the first round, the policy will be available on 25,000 retail outlets of Airtel Payments Bank
Customers of Airtel Pensions Bank’s Savings Bank Accounts can buy Bharti AXA Life POS Simple Life Insurance Scheme from its Banking Points without prompt, easy, secure and paperless process.
In the first round, the policy will be available on 25,000 retail outlets of Airtel Payments Bank. It will be expanded to more than 60,000 banking points soon.
Mr. Anbrat Biswas, General Manager and CEO of Airtel Payments Bank said, “We are happy to partner with Bharti AXA Life Insurance at affordable and cost-effective prices, purely term products at affordable prices to millions of insured and unemployed Indians on their amazing and detailed Will provide distribution network.
Simple Life Insurance Scheme actively incorporates the products included in the portfolio of our banking platform, in which PMJSEBY and APIs are. This partnership is a significant step in our journey, in which a detailed product portfolio will be introduced for the Financial Inclusion Society (Ficcially Inclusive Society). ”
The amount of life insurance for the customers will be increased to Rs. 25 lakhs promptly.
Bharti AXA Life Insurance General Manager and CEO, Vikas Seth said, “Being responsible for insurers, we always try to understand the needs of the customers and provide solutions according to their financial needs. Under this partnership, we are focusing on customers and creating strong relationships and providing a term insurance plan purely on reasonable prices.
We plan to attract customers to the Airtel Pensions Bank across the country and provide insurance cover to the insured and non-insured areas at low prices so that their financial security and prosperity can be increased.
“Airtel Payments Bank and Bharti Axa Life Insurance will provide immediate information on issuing zero documentation and policy from beginning to end. The amount of life insurance for the customers will be increased to Rs. 25 lakhs promptly.
Last year, the Airtel Pensions Bank introduced the Prime Minister Jeevan Jyoti Bima Yojana (PMJJBiBi) with an alliance with Bharti AXA Life Insurance. This is a government-supported life insurance plan whose goal is to promote low-income people and financial inclusion.