CURRENT AFFAIRS

Detailed explanation-1: -Airtel Payments Bank has announced that it will offer ‘shop insurance’ for its retailers and merchants 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 as covered in the product.

Detailed explanation-2: -With this tie-up, the Bank is well placed to provide our customers a choice of life insurance products that best suits their needs and convenience, ’’ said Mr. Govind Singh, MD & CEO, Utkarsh Small Finance Bank on the tie-up of Utkarsh Small Finance Bank Limited. Bharti AXA Life Insurance Company Ltd.

Detailed explanation-3: -ICICI Lombard partners with Airtel Payments Bank for smartphone insurance.

Detailed explanation-4: -Bharti Airtel has entered into an alliance with Bharti AXA Life Insurance to offer its most affordable prepaid bundle with built-in life insurance cover of Rs 2 lakh.

Detailed explanation-5: -ICICI Lombard General Insurance is entering into a bancassurance tie-up with AU Small Finance Bank. The partnership will provide the bank’s diverse customers access to the insurer’s portfolio and enhance penetration across India.