Monday, March 17, 2025 | 10:43 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

AXA moots mass insurance scheme for loss of income during pandemic lockdown

The insurance cover can guarantee a regular pay-out for a specific time frame to these affected individuals

Bharti AXA
Premium

Bharti AXA General Insurance has recently initiated talks with about three to four state governments to have a mass level product to cover loss of livelihoods during pandemics. Photo: Reuters

Namrata Acharya Kolkata
AXA Re is in talks with various state governments in India for an insurance product to cover loss of incomes during pandemic or epidemic leading to lockdowns. 

Few days back, Thomas Buberl, CEO of AXA, the French multinational insurance, in an interview with French newspaper Le Journal du Dimanche, had said an insurance scheme backed  by a pooling system involving government and private insurers could be looked at to counter pandemics.

In India, with a share of almost 90 per cent of people working in the informal economy, about 400 million workers in the informal economy are at risk of

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in