close_game
close_game

Prepaid mobile plan and life cover with Airtel and HDFC Life Insurance

ByHT Correspondent
May 20, 2019 12:12 PM IST

Bharti Airtel Ltd partners with HDFC Life Insurance Co Ltd to provide a life cover. Here’s a quick guide on the new product:

1 What is it: It is a prepaid mobile plan with an in-built term life cover of ~4 lakh from HDFC Life. It will also provide 2GB data, unlimited calls to any network and 100 SMS per day. The bundled product costs ~249.

One can enroll for the insurance after the first recharge through SMS, the MyAirtel app or a retailer.(Reuters/File Photo)
One can enroll for the insurance after the first recharge through SMS, the MyAirtel app or a retailer.(Reuters/File Photo)

2 Eligibility: All Airtel customers aged between 18 and 54 years are eligible. It requires no paperwork or medical examination. There is a standard declaration by HDFC Life which you have to accept. If accepted, the insurer issues the policy.

3 Validity: The recharge is valid for 28 days and the policy cover is valid till the recharge is active.

4 How to enroll: You need to enroll for the insurance after the first recharge through SMS, the My Airtel app or a retailer. The insurance renews automatically with subsequent recharges.

5 Should you take it: “We seldom recommend such products as a life cover of ~4 lakh is not adequate. You will be bound to the network and the plan. However, if someone cannot afford a larger cover, say ~1 crore, where the premiums go up to ~10,000 to ~11,000 annually then probably they can look at this product,” said Suresh Sadagopan, founder, Ladder7 Financial Advisories.

Stay updated with the latest Business News on Petrol Price, Gold Rate, Income Tax Calculator along with Silver Rates, Diesel Prices and GRSE Shares on Hindustan Times.
Stay updated with the latest Business News on Petrol Price, Gold Rate, Income Tax Calculator along with Silver Rates, Diesel Prices and GRSE Shares on Hindustan Times.
SHARE THIS ARTICLE ON
SHARE
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, May 15, 2025
Follow Us On