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Current Affairs

COVID-19 Health Insurance- Airtel Payment Banks and Bharati AXA General Insurance

Current Context: Airtel payment Bank has partnered with Bharati AXAGeneralInsurance to offer to health insurance products amidst of COVID-19.
COVID-19 Health Insurance- Airtel Payment Banks and Bharati AXA General Insurance
  • 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
COVID-19 Health Insurance- Airtel Payment Banks and Bharati AXA General Insurance COVID-19 Health Insurance- Airtel Payment Banks and Bharati AXA General Insurance Reviewed by Neha Verma on April 09, 2020 Rating: 5

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