Airtel Payments Bank has partnered with Bharti AXA General Insurance to 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.
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 accidents 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.
The policy 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 safety because of an accident. The flexible sum insured starts from Rs. 2 Lakhs upto a maximum of Rs 25 lakhs.
Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank said, “Our partners are key enablers for our business and protecting them is of the utmost importance for Airtel Payments Bank. 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 & Managing Director, Bharti AXA General Insurance said, “Amidst the pandemic, Indian retailers have already had to face many hardships and uncertainties. To avoid further problems of a different kind in 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.”