IPPB to offer Bajaj Allianz Life’s term, annuity products
The Hindu
India Post Payments Bank (IPPB), Department of Posts and Bajaj Allianz Life Insurance Company (BALIC) have entered into a partnership to offer term and annuity products to customers through the bank’s
India Post Payments Bank (IPPB), Department of Posts and Bajaj Allianz Life Insurance Company (BALIC) have entered into a partnership to offer term and annuity products to customers through the bank’s network of 650 branches and more than 1,36,000 banking access points.
The tie-up will enable customers, particularly from weaker sections and living in unbanked and underserved areas, to become financially secure and empowered, and is in line with IPPB’s objective of offering value added products and services to its customers, the entities said.
Bajaj Allianz Life Smart Protect Goal and Bajaj Allianz Life Guaranteed Pension Goal are the term and annuity products, which will be offered as per this alliance. Bajaj Allianz Life Smart Protect Goal, is designed to give immediate financial support to a family in the event of an untimely death of the breadwinner.