General Knowledge

India Post Payments Bank (IPPB) has tied up with which Insurance company to provide insurance to all?

September 22, 2018

India Post Payments Bank (IPPB) has tied up with which Insurance company to provide insurance to all?
1. New India Assurance
2. Birla Sun Life Insurance
3. Bajaj Allianz Life Insurance
4. ICICI Prudential Life Insurance

Answer : 3. Bajaj Allianz Life Insurance

Explanation :
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.

You Might Also Like

No Comments

Leave a Reply