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Airtel Payments Bank partners with Bharti AXA General Insurance for two-wheeler insurance

"Airtel Payments Bank today (Friday) announced the launch of an attractive two-wheeler insurance product in association with Bharti AXA General Insurance," the statement said.

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Published : Apr 19, 2019, 6:20 PM IST

New Delhi: Airtel Payments Bank on Friday announced it has teamed up with Bharti AXA General Insurance for a two-wheeler insurance product offering.

In a statement, Airtel Payments Bank said the product is available on MyAirtel App and at over 40,000 Airtel Payments Bank points across India during the first phase of launch.

"Airtel Payments Bank today (Friday) announced the launch of an attractive two-wheeler insurance product in association with Bharti AXA General Insurance," the statement said.

The offering entails personal accident cover, protection against third-party liabilities and inspection-free renewal through a fast, paperless process.

"Customers can also avail towing services at no extra cost on claim intimation, in the event the insured vehicle breaks down," the statement added.

Read more:Panasonic boosts Smart Factory business in India

Customers without an Airtel Payments Bank account can also avail this policy, it said adding that renewal of two-wheeler insurance can be done at Airtel Payments Bank banking point.

Sanjeev Srinivasan, managing director and chief executive officer of Bharti AXA General Insurance, said the partnership shall provide the company with a massive reach and help offer cost-effective two-wheeler insurance to a wider audience across the country.

New Delhi: Airtel Payments Bank on Friday announced it has teamed up with Bharti AXA General Insurance for a two-wheeler insurance product offering.

In a statement, Airtel Payments Bank said the product is available on MyAirtel App and at over 40,000 Airtel Payments Bank points across India during the first phase of launch.

"Airtel Payments Bank today (Friday) announced the launch of an attractive two-wheeler insurance product in association with Bharti AXA General Insurance," the statement said.

The offering entails personal accident cover, protection against third-party liabilities and inspection-free renewal through a fast, paperless process.

"Customers can also avail towing services at no extra cost on claim intimation, in the event the insured vehicle breaks down," the statement added.

Read more:Panasonic boosts Smart Factory business in India

Customers without an Airtel Payments Bank account can also avail this policy, it said adding that renewal of two-wheeler insurance can be done at Airtel Payments Bank banking point.

Sanjeev Srinivasan, managing director and chief executive officer of Bharti AXA General Insurance, said the partnership shall provide the company with a massive reach and help offer cost-effective two-wheeler insurance to a wider audience across the country.

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.NEWDELHI DCM18
BIZ-AIRTEL-RIGHTS ISSUE
Airtel's Rs 25,000-crore rights issue to open on May 3
          New Delhi, Apr 19 (PTI) Bharti Airtel's biggest rights issue of Rs 25,000 crore will open on May 3 and close on May 17, the company said in a regulatory filing.
          Bharti Airtel said its board of directors in a meeting held on Friday approved rights issue which is scheduled to open on May 3 and close on May 17.
          "Last date for receiving request for split application form (is) May 10, 2019," the filing said.
          Bharti Airtel has already fixed April 24 as the 'record date' to determine shareholders' eligibility to apply for the equity shares.
          Airtel has announced rights issue to raise up to Rs 25,000 crore through issuance of fully paid-up shares at a price of Rs 220 per share, and additional Rs 7,000 crore through a foreign currency perpetual bond issue.
          The company said the capital infusion will help it continue investments in future roll-outs to build large network capacity and create content and technology partnerships to ensure the strong customer experience.
          Last month, Airtel received commitment from its single-largest shareholder Singtel, promoters, and GIC Singapore to participate in the Rs 32,000-crore capital raising programme.
          Singapore telecom major SingTel said it will infuse Rs 3,750 crore in Bharti Airtel by subscribing to the proposed Rs 25,000-crore rights issue of the company, while GIC Pvt Ltd, on behalf of Singapore government and the Monetary Authority of Singapore, has made a commitment of Rs 5,000 crore in the proposed programme. PTI PRS PRS
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