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PayNearby partnered with IndiaFirst Life Insurance

Published on June 12, 2021
Current Context: PayNearby has partnered with IndiaFirst Life Insurance Company Limited to launch the ‘Poorna Suraksha’ insurance solution.
PayNearby partnered with IndiaFirst Life Insurance
  • The ‘Poorna Suraksha’ is a cost-effective 3-in-1 insurance solution that will offer financial protection to more than 15 lakh retail partners during the pandemic period.
  • The ‘Poorna Suraksha’ is the part of Shop Owners Benefit Program of PayNearby. It grants insurance like life, health and disability with affordable premium amounts.
  • The life cover is Rs 2 lakhs, disability cover is Rs 1 lakh and hospital cash support of Rs 15,000.
  • The premium amount associated with the insurance solution is just Rs 3 per day with an allotment fee of Rs 111.
  • Static Part: 
    • HQ of PayNearby: Mumbai
    • HQ of IndiaFirst Life Insurance Company Limited: Mumbai
    • MD and CEO of IndiaFirst Life Insurance Company Limited: R M Vishakha

Question: 

Q.1 With which insurance company PayNearby partnered to launch the ‘Poorna Suraksha’ insurance solution?
a. IndiaFirst Life Insurance Company Limited
b. Max Life Insurance Company Limited
c. Aegon Life Insurance Company
d. Exide Life Insurance Company Limited
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