New Delhi: If you have a savings bank account with Airtel Payments Bank, then you can avail health insurance plans against coronavirus being launched in partnership with Bharti AXA Group on Monday. Under the partnership, the company has launched two different health insurance plans - Bharti AXA Group Health Assure which offers a lump sum benefit of ₹25,000 and Group Hospital Cash which provides daily benefit starting Rs500 per day - to provide protection against COVID-19.

In order to avail these plans, you have to go through pre-medical checkups to ensure you are not suffering from Covid 19 or its symptoms. Both products are available for savings bank account customers of Airtel Payments Bank.

"We believe that ensuring a safety net against the financial repercussions of COVID-19 or any disease is just as important as exercising precautions against it," said Sanjeev Srinivasan, MD and CEO, Bharti AXA General Insurance.

The group cover from Bharti AXA covering COVID-19 comes with a fixed cover offering 100 per cent sum insured as a lump sum in case the policyholder is detected with Covid 19 or gets quarantined in a government hospital or military facility/establishment.

Also, in case you are found to be negative after the quarantine period of 14 days in a government hospital or military facility/establishment, you will be entitled to 50 per cent of the sum insured.

The policy offers protection for the deadly disease from the first day of detection and you can buy it at a price of ₹499 (including GST) for fixed sum insured of ₹25,000.

While under the Group Hospital Cash Policy offers you will be paid fixed allowance per day on hospitalization with Enhanced ICU Cash. Under this policy, depending on the plan, a customer is entitled to a fixed per day benefit of ₹500 or ₹1000 paid for each day of hospitalization, up to maximum for 10 days.

However, both policies will remain valid up to a year and will be issued on an individual name basis only.