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

Correct option is A

The correct answer is (a) Bajaj Allianz Life Insurance.
· India Post Payments Bank (IPPB) has partnered with Bajaj Allianz Life Insurance to offer a range of term and annuity insurance products. This collaboration aims to provide insurance solutions, especially to underserved populations, through IPPB's vast network of branches and banking access points. This strategic tie-up ensures wider financial inclusion and helps meet the insurance needs of people in remote and unbanked areas.
Information Booster:
· Bajaj Allianz Life Insurance is known for offering a wide range of life insurance products such as term plans, ULIPs, and pension plans.
· IPPB was established with the aim of promoting financial inclusion in rural and semi-urban areas.
· This partnership will enable customers to access insurance through over 1,36,000 banking points.
· Annuity plans provide regular income post-retirement, offering financial security for senior citizens.
· The collaboration aligns with the Government’s mission of providing affordable social security through schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana.