CURRENT AFFAIRS

Detailed explanation-1: -Airtel Payments Bank said it has partnered ICICI Lombard General Insurance Company to offer a cyber insurance which can be purchased from the Airtel Thanks app. The partnership comes at a time when the growth in digital payments and transactions has led to a surge in sophisticated online frauds.

Detailed explanation-2: -Airtel Payments Bank has partnered ICICI Lombard General Insurance to offer Cyber Insurance Solutions to customers.

Detailed explanation-3: -Airtel Payments Bank started with an 80:20 partnership between Bharti Airtel and Kotak Mahindra Bank. Bharti Airtel launched Airtel Payments Bank in September 2016 and went live with its pilot project in Rajasthan in November 2016.

Detailed explanation-4: -Airtel Payments Bank enables you to pay your insurance premium anytime, anywhere! With our easy, convenient, and hassle-free online payment service, you can make the payments well in time and avail all your insurance benefits. To make your insurance payments, just download My Airtel App or pay through the website.

Detailed explanation-5: -ICICI Lombard General Insurance has partnered with Airtel Payments Bank to offer cyber insurance to customers of the bank. This Cyber Insurance policy provides financial protection to customers against potential financial fraud relating to banking, credit or debit card; identity theft; phishing or email spoofing etc.