The consumers of power distribution company BSES will be eligible for an annual accidental insurance cover worth Rs 1 lakh on payment of their electricity bills for three consecutive months through e- wallet Paytm.
Nearly 40 lakh consumers of BSES Rajdhani Power Ltd. (BRPL) and BSES Yamuna Power Ltd. (BYPL) can get the free Rs 1 lakh personal accidental insurance if they pay their electricity bills through Paytm before the due date for three consecutive months, said a spokesperson of the power discom.
The scheme will continue till August 2018. Those consumers who have paid their bills in May, June and July 2017 through Paytm, will also be eligible for the scheme.
The scheme is being launched by Paytm exclusively for BSES consumers, he said.
The eligible consumers will receive an SMS from the insurance company after the payment of three monthly bills through Paytm, in the first half of the subsequent month.
The insurance policy will be issued only after the consumers reply in affirmative, said the spokesperson.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)