Current Affairs - Banking - Discussion

The first live payments bank in the country, Air-tel Payments Bank has partnered with Bharti AXA Life Insurance to offer Bharti AXA Life POS (Point of Sale) Saral Jeevan Bima Yojana, a pure life term insurance plan up to Rs 5 lakh which is aimed at the under-insured and uninsured segments in India. The policy available at Airtel Payments Bank's 25,000 retail outlets will be expanded to cover over 60,000 banking points. The customers are offered the option of life cover between 3-5 lakh and it will soon be extended up to Rs 25 lakh. Any individual between the ages of 18 and 55 can enroll for this product. In 2018 Airtel Payments Bank had also partnered with Bharti AXA Life Insurance to offer Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).