Bajaj Allianz Life Insurance has formed a strategic partnership with India Post Payments Bank (IPPB) and the Department of Posts (DoP) to tap rural customers in India.

The insurance firm, which is a joint venture between Bajaj Finserv and German insurer Allianz, plans to offer a term and an annuity insurance offering.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The life insurer seeks to leverage the IPPB network of 650 branches and over 1,36,000 banking access points to offer coverage to the underserved rural population of India.

Bajaj Allianz Life Insurance’s products to be offered are Bajaj Allianz Life Smart Protect Goal and Bajaj Allianz Life Guaranteed Pension Goal.

The term insurance offering, Bajaj Allianz Life Smart Protect Goal, is designed to provide financial assistance to  families in the event of the demise of the bread earner.

Bajaj Allianz Life Guaranteed Pension Goal is an annuity product providing guaranteed and fixed regular income until the insured is alive.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

IPPB managing director and CEO J Venkatramu said: “Through our deep and robust network of banking access points, and Gramin Dak Sevaks and Postmen, we are committed to offering comprehensive financial solutions to our customers.”

Bajaj Allianz Life Insurance MD & CEO Tarun Chugh said: “We are confident that this partnership will play an integral role in increasing the adoption of life insurance across various customer segments. Our tech-enabled services and enhancements towards this alliance are designed keeping our customer’s ease of experience and delight in mind.”