COVID-19: Airtel Payments Bank ties up with Bharti AXA General Insurance for health insurance plans

Airtel Payments Bank on Monday said it has partnered with Bharti AXA General Insurance to offer health insurance plans to provide cover and give financial protection against COVID-19.

Under the tie-up, the companies are offering two health insurance plans -- Bharti AXA Group Health Assure which offers lump sum benefit of Rs 25,000 and Group Hospital Cash which provides daily benefit starting Rs 500 per day -- to provide protection against COVID-19.

With no pre-medical check-up required, both the products are currently available for savings bank account customers of Airtel Payments Bank who are not suffering from COVID-19 or its symptoms.

"With our technology platform and deep distribution reach, we will be immediately able to offer this product to millions of customers at this hour of need," Airtel Payments Bank Managing Director and CEO Anubrata Biswas said in a statement.

Bharti AXA General Insurance Managing Director and CEO Sanjeev Srinivasan said, "We believe that ensuring a safety net against the financial repercussions of COVID-19 or any disease is just as important as exercising precautions against it."