- The tripartite partnership was made to launch two insurance products in rural parts of India.
- Under the partnership, the Bajaj Allianz Life Insurance Company will offer term and annuity products to the people using IPPB’s network.
- The partnership aims to support the weak, unbanked, and underserved sections of the community with insurance products. Due to this, these sections of the society will become financially secure.
- The people can avail Bajaj Allianz Life Smart Protect Goal which is the term product or Bajaj Allianz Life Guaranteed Pension Goal which is an annuity product.
- Both the product along with DoP's existing PLI (Postal Life Insurance) and RPLI (Rural Postal Life Insurance) products will be offered to the customers under the partnership.
- Static Part:
- HQ of IPPB: New Delhi
- Tagline of IPPB: Aapka Bank, Aapke Dwaar
Question:
a. India Post Payments Bank (IPPB)
b. Department of Posts (DoP)
c. Both (a) and (b)
d. Airtel Payment Bank