Airtel Payments Bank has announced Smart Drive Private Car Insurance in association with Bharti Axa General Insurance. As per the company, the insurance offers financial protection against damage to the vehicle due to accident, theft, and natural and man-made disasters. It also compensates for injury or damages to another person or property caused due to a car accident.
The insurance comes with accident cover for the policyholder. Airtel Payments Bank’s customers can purchase this policy through the Airtel Thanks app. With no pre-inspection required, a customer only needs to fill in the details about the vehicle, and the insurance will be issued on their registered email id and mobile number, claims the company.
At the time of the renewal, customers can choose from a number of add-on covers. This includes depreciation cover, small consumable items, loss or replacement of car key, roadside assistance in the event of car breakdown, damage to the engine or gearbox, medical expenses if the policyholder is injured, ambulance expenses and more.