Who has tied up with Policybazaar to digitally offer a wide range of Life Insurance products?

A)
Life Insurance Corporation (LIC)
B)
HDFC Life Insurance
C)
United India Insurance
D)
The Oriental Insurance Company

Correct Answer : Option (A) - Life Insurance Corporation (LIC)



Life Insurance Corporation (LIC) has tied up with Policybazaar to digitally offer a wide range of Life Insurance and investment products to its customers across India. This is LIC’s first association with a private insurance aggregator, which has mainly relied on its 1.33 million agents for distributing products. To facilitate seamless digital distribution of life insurance products and boost financial inclusion across India.
 
The benefit of the tie-up : The alliance will provide insurance services in smaller cities to ensure financial inclusion and social security. It will increase its penetration digitally in rural and remote areas and offer a wide range of term and investment products to the customers.

Published On : February 7, 2022
Category : Insurance and Finance