Bharti AXA General Insurance said it has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for its two insurance proposals under the regulatory Sandbox project.
In a statement, the company said its two proposed products – Usage-based Motor Insurance in the non-life category and Short term Health Insurance in the health segment â have been shortlisted by the regulator for its Sandbox project.
‘As customersâ needs are ever-evolving, there has always been a demand for flexible and âDo It Yourselfâ coverages from partners and customers alike. We, at Bharti AXA General Insurance, arecognizant 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 managing director and CEO, Bharti AXA General Insurance, Sanjeev Srinivasan.