Airtel Payment Bank joins hands with Bharti AXA General

Airtel Payments Bank has partnered with Bharti AXA General Insurance to offer comprehensive car insurance to the payments bank’s customers.

The Smart Drive Private Car Insurance offers financial protection against damage to the vehicle due to accident, theft, and natural and man-made disasters. Airtel Payments Bank’s customers can purchase the Bharti AXA car insurance policy within five minutes using a paperless, secure, and quick process through the Airtel Thanks app. Airtel Payments Bank, the country’s first payments bank, has over 3 crore customers.

The car insurance offered through Airtel Payments Bank also compensates for injury or damage to another person or property caused due to a car accident. The insurance comes with a personal accident cover for the policyholder. In the event of an accident leading to permanent disablement or loss of life, the policy ensures financial protection for the family.

“Motor insurance being mandatory in the country constitutes an important requirement for millions of car users. We are delighted to partner with Bharti AXA General Insurance to offer this comprehensive car insurance,” said Ganesh Ananthanarayanan, COO, Airtel Payments Bank.

Bharti AXA General Insurance Managing Director and CEO, Sanjeev Srinivasan, said: “As part of our partnership with Airtel Payments Bank and strong synergies of customer-centricity, we are offering innovative motor insurance products to its customers through a seamless journey from the purchase to the claim process. The strategic alliance will also help us reach out to the growing customer base of the bank and secure them.”