Airtel Payments Bank, Bharti AXA Partner to Offer Pradhan Mantri Jeevan Jyoti Bima Yojana
Airtel Payments Bank and Bharti AXA Life Insurance have entered a partnership to offer the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). PMJJBY is a government-backed life insurance scheme which aims to increase penetration of life insurance products among the underinsured masses and boosting financial inclusion.
The product, ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY) provided by Bharti AXA Life Insurance gives Rs 2 lakh life insurance cover for an annual premium of Rs 330. It can also be purchased by all the existing or even the new Airtel Payments Bank savings bank account holders between the age of 18-50.
“Airtel Payments Bank’s distribution network allows financial inclusion to reach the 190 million underinsured Indians,” Anubrata Biswas, Managing Director, Airtel Payme...