New Delhi, July 2 (TIWN) Indias first payments bank Airtel Payments Bank has partnered with Bharti AXA Life Insurance to offer a life term insurance plan through its extensive network of banking points across the country.

The product, Bharti AXA Life POS (Point of Sale) Saral Jeevan Bima Yojana, is a pure life term insurance plan which is aimed at the under-insured and uninsured segments in India. Both the partners will leverage vast network to reach deep rural pockets and serve the under-insured.

Vikas Seth, managing director and Chief Executive Officer, Bharti AXA Life Insurance, said: "As a responsible life insurer, we always try to understand the needs of customers and provide solutions that meet their financial requirements. As part of our partnership and strong synergies of customer-centricity, we are offering an affordable pure term insurance plan to the diverse customer base of Airtel Payments Bank across the country to extend protection cover to the uninsured segment of the society and improve their financial security and prosperity."