As per the IRDAI, the insurance penetration in India is less than 4 per cent of the population while mobile penetration is close to 90 per cent.
Airtel Prepaid Recharge Offer: There is good news for the Airtel prepaid users 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 is paid to the nominee in case of death. There is no maturity value in term insurance plans. The life coverage of Rs 4 lakh is a complementary feature of the plan and there is no separate premium payment to be made. The Airtel recharge list can be seen to view this Airtel recharge offer.
The pre-paid bundle comes at a cost of Rs. 599 and 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 recharge comes with a validity of 84 days and the insurance cover will continue automatically for three months with every recharge.
As per the IRDAI, the insurance penetration in India is less than 4 per cent of the population while mobile penetration is close to 90 per cent. According to some estimates, India will have close to 830 million smartphone users by 2022.
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