As per the IRDAI, the insurance penetration in India is less than 4 % of the population while mobile penetration is close to 90 %. It is estimated that India will have close to 830 million smartphone users by 2022.
The life insurance coverage is available for all those who are aged from 18 to 54 years. No paper work or medical examination is required.
Airtel Prepaid Recharge Offer :
Good news for Airtel prepaid customers – as the company has partnered with Bharti AXA Life Insurance to launch a prepaid bundle with in-built insurance cover of Rs 4 lakh.
The life cover is of the nature of term insurance in which the sum assured will be paid to the nominee in case of death. There is no maturity value in term insurance plan and the life cover of Rs 4 lakh is the complementary feature of the plan and there is no need of separate premium payment. The Airtel recharge list can be seen to view this Airtel recharge offer.
The pre-paid bundle comes at a cost of Rs.599, which offers 2GB data per day, unlimited calls to any network and 100 SMS per day along with with Rs 4 lakh life insurance cover from Bharti AXA Life Insurance. The validity of this recharge is 84 days and the insurance cover will continue automatically for three months with every recharge.
For availing this, the person needs to enrol for the insurance after first recharge through SMS, Airtel Thanks App or the Airtel Retailer. Once the recharge has done, you will receive the policy activation SMS. Life Insurance policy will be generated on the registered name of the Airtel number. You can fill in the details on Airtel Thanks App or get them filled by any Airtel Retailer near you. A copy of the insurance policy will be delivered to the user’s doorstep on request. Airtel has engineered the entire process to be delivered digitally in a matter of a few minutes.
The certificate of insurance will be instantantly delivered digitally. This prepaid bundle is now available in Tamil Nadu and Pondicherry and its availability will be gradually extended to pan-India in the next few months.
The life cover in this insurance plan can act as a supplement to enhance your overall life coverage. It is important that a person has to keep a life cover of at least ten times of one’s annual income.