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

Bajaj Allianz Life Insurance
Birla Sun Life Insurance
New India Assurance
ICICI Prudential Life Insurance

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 1 : Bajaj Allianz Life Insurance

India Post Payments Bank (IPPB) has tied up with Bajaj Allianz Life Insurance to provide insurance to all.
IPPB was registered as a Public Limited Company under the Companies Act.
It is owned by Department of Posts (Ministry of Communication and Information Technology).
It obtained RBI’s License under Banking Regulation Act to start working as a Payment Bank.
Airtel Payments Bank was first to launch operations in 2017.
First of all, IPPB launched pilot branches at Raipur (Chhattisgarh) and Ranchi (Jharkhand).
Then IPPB launched full-fledged operations in 2018.
IPPB is not the first to launch full-fledged operations as a payment bank.
Bank Account Types which can be open in IPPB are Safal, Sugam, Saral
An account can be opened with zero balance, no minimum balance limit.

4 views Answered 2022-09-04 04:29

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