Bharti AXA General Insurance has received the final approval from the Insurance Regulatory and Development Authority of India (IRDAI) pertaining to two insurance proposals under the regulatory Sandbox project.
In a statement, the company said that its two proposed products namely Usage-based Motor Insurance in the non-life category and Short term Health Insurance in the health segment are shortlisted by the regulator for its Sandbox project.
‘As customers’ needs are ever-evolving, there has always been a demand for flexible and ‘Do It Yourself’ coverages from partners and customers alike. We, at Bharti AXA General Insurance, are cognizant of this and always put their needs at the forefront of our innovations. Our proposed products for the Sandbox project cater to this requirement, and is a recent example of our commitment towards customer centricity,’ said Sanjeev Srinivasan, Managing Director and CEO, Bharti AXA General Insurance.