Bharti AXA General Insurance, which is among the largest players in the Indian insurance sector has joined hands with Anjali Microfinance and Arohan Microfinance to start the distribution of its micro-insurance products for the rural populations in the east and northeastern parts of India. This tie-up would enable the company to service households in West Bengal, Orissa, Bihar and in several Northeastern states like Assam.
Speaking to the media after the formal tie-up, Dr. Amarnath Ananthanarayan, Chief Executive Officer, Bharti AXA General Insurance. said, ‘We are keen on bringing the insurance solutions to the doorsteps of larger rural Indian population and hope to explore more such partnerships to increase our pan India footprint. ‘ Through its tie-up with Anjali Microfinance, Bharti AXA General Insurance would provide its group health product to the members of the micro-finance institute, while the agreement with Arohan Financial Services would enable it to offer its group personal accident cover to a larger number of beneficiaries”.
He also added that the products designed with Anjali Microfinance covered hospitalization for 55 different ailments with a sum insured ranging from Rs 1000 to Rs 12,000.
This new insurance product would cover hospitalization as well as pre and post-hospitalization care up to predefined limits, maternity cover, transportation allowance in case of emergency admission, wage compensation and group personal accident cover.
Similarly, with Arohan Microfinance, Bharti AXA General Insurance would offer a group personal accident cover besides covering the funeral expenses in case of the death of the policyholder.
Other products included a child’s education fund for a maximum of two children of a family.