The products will be offerred to customers through the India Post Payments Bank’s network of 650 branches and over 136,000 banking access points. (istockphoto)

The Indian Post Payment Bank (IPPB), the Post Office and Bajaj Alliance Life Life Insurance Company (IPPB) announced on Thursday that they have partnered with 650 branches and more than 136,000 bank access points to provide service time and annual products to customers.

The connection enables customers from the weakest sectors to be financially secure and able to provide value-added products and services that are in line with IPPB objectives.

Bajaj Alliance’s Smart Protection Goal and Bajaj Alliance’s life insurance policy are verbal and annual products, according to the Bajaj Alliance press release. Bajaj Alliance Life Smart Protection, a comprehensive and value-added insurance product, is designed to provide immediate financial support to the family when the guardian dies prematurely.

Bajaj Allianz is a life-saving pension, a pension that aims to cover post-retirement expenses as long as the person is alive and secure. Both of these products are available to customers in addition to Dopi’s existing PLI (Post Life Insurance) and RPLI (Rural Postal Life Insurance) products.

Vineet Pandey, Post Office Secretary, said, “Customers can continue to use Post Office savings products, and can take advantage of these terms and annual insurance products at the same time to meet their long-term financial needs.”

Services for DoP-IPPB-BALIC customers

-Time and year products ie. Bajaj Allianz Smart Protection Goal and Bajaj Allianz Certified Retirement Goal

– Both products are available for sale on the POS platform

– Bajaj Allianz Smart Protection Goal has the option to return a premium on maturity.

-Annuity product ie. Bajaj Allianz guarantees the purchase price as an inheritance when the beneficiary dies.

100% digital purchase journey to ensure the last milestone and ensure the Indian government’s digital literacy vision

J. According to Ventatramu, MD and CEO of Indian Post Payments Bank, “PPPB has already offered Pradhan Mantri Givan Yotti Bima Yojana to its clients who are in line with the government’s mission to create a comprehensive social security network and make insurance affordable for the needy. With these terms and annual insurance products, our successful relationship with Bajaj Allianz has expanded. With our deep and robust banking network and Gramin Dak Sevaks and Postmen, we are committed to providing comprehensive financial solutions to our customers.

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