IPPB to sell Bajaj Allianz General Insurance products
The Hindu
India Post Payments Bank (IPPB) on Monday said it has entered into a strategic alliance with Bajaj Allianz General Insurance for distribution of the insurer’s products across the country. IPPB will st
India Post Payments Bank (IPPB) on Monday said it has entered into a strategic alliance with Bajaj Allianz General Insurance for distribution of the insurer’s products across the country.
IPPB will strive to make available affordable insurance products through its network of 650 branches and over 1,36,000 banking access points to citizens. The scope of products will include healthcare and medical products, personal accident and motor insurance, it said in a release.
Nearly 2 lakh postal service providers (Gramin Dak Sevaks and postmen) equipped with micro-ATMs and biometric devices will play an important role in distribution and promotion of the insurance products, focusing especially on unbanked and underserved customers at the last mile.
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