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Airtel ties with HDFC Life, offers insurance with prepaid plan

Press Trust of India  |  Kolkata 

Telecom operator on Monday said it has partnered with to introduce a prepaid scheme with in-built life term plan cover.

The new plan will come with Rs 4 lakh life cover from HDFC Life, said in a statement.

"Airtel's new Rs 249 prepaid bundle will come with Rs 4 lakh life cover from 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.

"adoption is abysmally low in India, including in urban areas. Price, access and convenience of payments are barriers to adoption," Chief Product Officer said.

"Airtel's pan-distribution reach will enable millions of uninsured and underinsured Indians to become financially secure and improve adoption, penetration of in the country," the statement added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 13 2019. 17:06 IST