newsdesk@business-northeast.com

+91 6026176848

More forecasts: New York weather 30 days

Axis Bank partners with Tata AIG to offer group Medicare products to the LGBTQIA Community

BNE News Desk , December 15, 2022
Spread the love
Share on Twitter

Guwahati: The Axis Bank, in line with its ‘DilSeOpen’ philosophy partners with Tata AIG, to offer Group Medicare products for its new customers from the Lesbian, Gay, Bisexual, Transgender, Queer, Intersex, Asexual/Aromatic/Agender (LGBTQA) Community.

In 2021, the Bank announced its initiative ‘Come As You Are’, a charter of policies and practices for the employees and the customers from the LGBTQIA+ community. It listed several initiatives that the Bank undertook to embrace diversity, equity and inclusion. It invited same-sex partners to open joint savings accounts or term deposits. They can also list each other as nominees and gave the option of adding the honorific Mx for customers of varied genders.

This tie-up with Tata AIG is a continuation of Axis Bank’s journey in walking the talk and implementing initiatives that embrace diversity, equity and inclusion within the organization and for its customers.

With this offering, customers can secure the lives of their partners for medical exigencies regardless of their sexual orientation or marital status.
Same-Sex Partners can be covered under the Top Up option of their existing Group Medicare products for a sum insured of Rs. 15 lakhs available at Rs. 1,999* inclusive of GST, exclusively for Axis Bank Customers.

Commenting on this initiative the EVP and Head - Private, Premium Banking & Third-Party Products, Axis Bank Satheesh Krishnamurthy said that the ‘diversity & inclusion’ agenda, which is part of the Bank’s wider ESG-aligned commitments, has been a strategic focus area. In this effort, they are glad to have partnered with Tata AIG to offer the customers.

Commenting on this tie-up the President of Consumer Business, Tata AIG General Insurance Company Limited Parag Ved informed that they at Tata AIG believe that access to good health insurance is a necessity and right for all humans irrespective of their sexual orientation.

The Carnival began on December 13 and will conclude on January 31st.

During this period, customers from the LGBTQIA+ community who open a Savings Account with Axis Bank will get a Rs. 200 Grab Deals voucher redeemable at over 150+ Brands including Myntra, Shoppers Stop, Big Basket, Apollo Pharmacy, BookMyShow and many more. Additionally, they will get a 3-month Amazon Prime subscription, if they choose to apply for a Forex card through the Internet or Mobile banking and load a minimum of USD 2,500 or equivalent currency.

ALSO READ: PBGPL will earn at the rate of 14% from gas supply: CEO