Current Context: Airtel payment Bank has partnered with Bharati AXAGeneralInsurance to offer to health insurance products amidst of COVID-19.
- Name of the two products are: Bharti AXA Group Health Assure and Group Hospital Cash.
- Bharti AXA Group Health Assure: This health insurance product comes with fixed cover and offers 100% sum insured as a lump sum if the policyholder is diagnosed as COVID-19 positive. Whereas, if the policyholder is diagnosed negative after being quarantined for at least 14 days in a government hospital or military facility/establishment, he or she will be entitled to 50% of the sum insured. The insurance plan can be purchased at a price of Rs 499 for a fixed sum insured of Rs 25,000. The insurance product can be purchased from the banking section of ‘Airtel Thanks App’.
- Group Hospital Cash: It grants per day fixed allowances on hospitalizations with enhanced ICU Cash. The per day allowances are starting from Rs 500 or Rs 1000 paid for maximum 10 days of hospitalizations.
- Both the products are offered with no pre-medical check-up. The validity period of these insurance policies is restricted to a year and will be issued on an individual name basis only.
Static Part:
- Airtel Payment Bank HQ: New Delhi
- MD and CEO of Airtel payment Bank: Anubrata Biswas
- Bharati AXA General Insurance HQ: Mumbai
- MD and CEO of Bharati AXA General Insurance: Sanjeev Srinivasan
Question:
Q.1 Name the Payments Bank which has joined with Bharati AXA General Insurance and launched “Bharti AXA Group Health Assure Policy” & “Group Hospital Cash” insurance plans.
a. Paytm Payments Bank
b. Fino Payments Bank
c. India Post Payments Bank
d. Airtel Payments Bank
a. Paytm Payments Bank
b. Fino Payments Bank
c. India Post Payments Bank
d. Airtel Payments Bank
