Telecom operator Airtel on Monday said it has partnered with HDFC Life Insurance to introduce a prepaid scheme with in-built life insurance term plan cover.
The new plan will come with Rs 4 lakh life cover from HDFC Life, Airtel said in a statement.
"Airtel's new Rs 249 prepaid bundle will come with Rs 4 lakh life cover from HDFC Life along with 2GB data, unlimited calls to any network and 100 SMS/day," the statement said.
The policy will be available to all customers aged 18-54 years, and requires no paperwork or medical examination except self declaration of good health, it said.
"Insurance adoption is abysmally low in India, including in urban areas. Price, access and convenience of payments are barriers to adoption," Bharti Airtel Chief Product Officer Adarsh Nair said.
"Airtel's pan-India distribution reach will enable millions of uninsured and underinsured Indians to become financially secure and improve adoption, penetration of insurance products in the country," the statement added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app