BANK NEWS
Airtel Payments Bank partners with Bharti AXA to provide shop insurance
New Delhi: Relief is provided to the shop keepers through the collaboration of the Airtel Payments Bank and Bharti AXA general insurance company through the ‘Smart Plan Shop Package’ announced by APB on Thursday.
The given policy is providing the financial protection to assets inside the shop due to fire and allied perils and burglary among others as covered in the product said a joint statement.
With the flexible sum of insurance, the starting limit is Rs 2 lakh and goes maximum up to Rs 25 lakh. The policy’s main aim is to provide financial protection due to natural climate losses and the uncertainties face by COVID-19 pandemic.
The Chief Operating Officer of Airtel Payments Bank, Ganesh Ananthanarayanan, said “Any damage to assets inside the shop due to an accident or natural calamity can lead to a major financial setback in their lives. With the launch of this affordable and comprehensive shop insurance product, we aim to offer financial protection against such losses to our business partners.”
Sanjeev Srinivasan, Chief Executive Officer, and Managing Director, Bharti AXA General Insurance, noted that amid the coronavirus pandemic, Indian retailers have already had to face many hardships and uncertainties.
“To avoid further problems of a different kind in the future, it is vital to secure one’s assets inside the shop to stay alleviated from the dangers that they can be exposed to. We shall always be committed to securing the interests of many such retailers, who are unwaveringly committed to serving the nation,” he said.
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