Indian Post Payments Bank (IPPB) and Bajaj Allianz Life Insurance Company announced the agreement Thursday. With this, the bank will now be able to purchase annuity items at 650 branches and up to 1,36,000 locations. In the aftermath of the agreement, both organizations said that the weakest customers have benefited and their lives have improved.
What annuity plans can I buy?
The advantage of this agreement will be that you will be able to purchase the Bajaj Allianz Life Smart Protect Goal and the Bajaj Allianz Life Guaranteed Pension Goal scheme from Indian Post Payment Bank.
What will be the benefits of these schemes?
Bajaj Allianz Life Smart Product Goal is insurance. It is designed to benefit the family in the event of a sudden death of the insured, then the family gets the money. With the Bajaj Allianz Life Guaranteed Pension Goal Scheme, you get a stable and secure income when you retire. Let us tell you, all these items are available on the POS platform.
In this statement, Vineet Pandey, Secretary of the Post Department, says, ‘The benefits of postal rescue items will be recovered.’ That is, it will not have an effect on post plans. Only customers will have more ways to make money.