In September 2021, which of the following banks partnered with Bajaj Allianz General Insurance for the distribution of their non-life insurance products across the country?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. India Post Payments Bank.
In September 2021, India Post Payments Bank (IPPB) did partner with Bajaj Allianz General Insurance. This strategic alliance aimed to distribute Bajaj Allianz's non-life insurance products, including health, personal accident, and motor insurance, across the country. Leveraging IPPB's vast network of branches and banking access points, particularly through postmen and Gramin Dak Sevaks, the initiative focused on increasing insurance penetration among unbanked and underserved populations at the last mile.