Post Office to sell 2 insurance schemes in partnership with Bajaj Allianz, check how you can benefit

Bajaj Allianz Life Insurance will leverage the IPPB's extensive network to sell its insurance products. 

New Delhi: Bajaj Allianz Life Insurance has partnered with India Post Payments Bank (IPPB) and the Department of Posts (DoP) in a bid to tap rural customers. The private insurer will offer two insurance products - term and annuity products - to customers. 

Bajaj Allianz Life Insurance is aiming to leverage the IPPB's extensive network of 650 branches and over 1,36,000 banking access points to sell its financial products to customers living in rural areas. 

With the partnership, the companies are aiming to bridge the financial ga by offering insurance products to the unbanked. The three partners jointly said, “The partnership aims to enable the customers, particularly from the weaker sections and living in un-banked and underserved areas, so that they can be financially secure.”