India Post Payments Bank ties up with Bajaj Allianz Life Insurance to provide insurance to all
Published: September 21, 2018
India Post Payments Bank (IPPB) has tied up with private life insurer Bajaj Allianz Life Insurance Co Ltd (BALIC) to provide life insurance solutions, especially at the doorstep of every household in the country. With this partnership, IPPB customers across segments can access a wide array of simple yet value-rich life insurance products and services. Initially, simple term and Point of Sale (POS) products of BALIC will be sold through the IPPB. These products will first be available across IPPB’s network of 3250 access points, gradually expanding to 155,000 post offices across every village, town and district in India. BALIC is the first life insurer to partner with IPPB after the latter was launched by Prime Minister Narendra Modi on September 1, 2018.