COVID-19: Airtel Payments Bank ties up with Bharti AXA General Insurance for health insurance plans

Bharti AXA General Insurance Managing Director and CEO Sanjeev Srinivasan said, "We believe that ensuring a safety net against the financial repercussions of COVID-19 or any disease is just as important as exercising precautions against it."

Bharti AXA Group Health Assure comes with a fixed cover offering 100 per cent sum insured as a lump sum, if the policy holder is diagnosed positive or gets quarantined in a government hospital or military facility/establishment.

In case, the policy holder 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 per cent of the sum insured. The policy offers protection for COVID-19 from day one of the purchase and can be purchased at a price of Rs 499 (including GST) for fixed sum insured of Rs 25,000.

Group Hospital Cash policy provides per day fixed allowance on hospitalisation with enhanced ICU cash. Under this policy, depending on the plan, a customer is entitled to a fixed per day benefit of Rs 500 or Rs 1,000 paid for each day of hospitalisation, up to maximum for 10 days. This benefit doubles, if the policy holder is treated in ICU, the release said.

The validity period of these policies is restricted to one year and will be issued on individual name basis only.