FINO PAYMENTS BANK LIMITED Fino Payments Bank Limited announced that it has partnered with Go Digit General Insurance Limited to offer shop insurance policy to small and medium business owners. Fino is associated with Go Digit as a corporate agent. The tie-up will allow small and medium businesses to avail the benefits of Digit's My Business Policy in case of any adverse event.
The policy, which will be valid for one year, will cover loss or damage to the inventory or stock due to burglary, earthquake, fire, lightning, storm, flood, riots, among others. The policy will also include in-built coverages like money in safe, money in transit, etc.Small and medium businesses form a significant part of Fino Bank's strong customer base as well as its well-established merchant network. Fino Bank's customers will be able to enroll in the policy offered by Go Digit at an annual premium of INR 550 (for a sum insured of INR 0.3 million), which will go up to INR 2,600 (for a sum insured of INR 1.5 million).
As per their requirements, shopkeepers can directly enroll under Digit's My Business Policy (shop insurance policy) in real time through a paperless process.
