Airtel Payments Bank ties up with Bharti AXA General Insurance to offer Shop Insurance for its retailers and merchants
~The policy provides protection against loss due to fire and allied perils, burglary, etc.
~Any Airtel Payments Bank Retailer or Merchant can purchase this policy digitally using the business operations app of the Bank
~Airtel Payments Bank has a network of over 2 million Retailers and Merchants across the country.
Airtel Payments Bank today announced that it will offer Shop Insurance exclusively for its Retailers and Merchants. Offered in partnership with Bharti AXA General Insurance, the Smart Plan Shop Package policy provides financial protection in case of damage to assets inside the shop due to fire and allied perils, burglary, etc. as covered in the product.
A large number of Bank's Retailers and Merchants are small and medium-size shop owners who are totally dependent on their shops for the livelihood. Any major accident due to fire, or burglary can lead to a big financial loss. The shop insurance policy would provide financial protection against these losses.
Airtel Payments Bank’s partners can easily purchase this policy within minutes through a fast, simple, and paperless process using the retailer and merchant app offered by the Bank. It also offers protection against personal accident to the policyholder. In the event of an accident leading to permanent disablement, partial disablement, or loss of life, this ensures financial protection for the family.
Complete Protection: Covers assets inside the shop against burglary, fire and allied perils, like flood, earthquake, landslide, rockslide, riots, strike, malicious damage, etc. It also covers the loss of money in safe because of an accident.
Flexible Sum Insured: Starting from Rs 2 Lakhs up to a maximum of Rs 25 lakhs.