Prices Increasing Soon
In a one-off deal, state-owned insurance giant LIC tied up with Policybazaar to distribute a range of its insurance offerings through the latter’s robust digital distribution channel. “This affiliation aims at facilitating seamless digital distribution of life insurance products across the nation,” said Sarbvir Singh, CEO of Policybazaar.com.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
LIC has been spearheading the life insurance segment for the longest time, and this marks its first-ever partnership with an insurance aggregator. Both parties hope for the alliance to enable accelerated insurance awareness and penetration.
Key highlights of the newly-formed alliance are:
Policybazaar will distribute LIC’s range of term and investment products.
The policies will be sold offline in the initial stages and later integrated onto its online platform.
Online integration of the two products is already ongoing between the technical teams of both partners.
The alliance is expected to amplify insurance reach in smaller cities, ensuring financial inclusion and social security in these areas.
As quoted in their official statement, the two parties aim to serve a broader base of consumers across different age groups, demographics, and locations through this strategic tie-up. The announcement was made on 3rd February 2022 in the presence of the top management officials of both firms, including Dinesh Bhagat, Zonal Head, LIC, and Sarbvir Singh, CEO, Policybazaar.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Life insurance fraud is a financial crime that can be committed
Read more
High net worth individuals often opt for life insurance plans to
Read more
“Policy Bazaar insurance clarified the term policy for me, so
Read more
“I recently bought an HDFC term plan and it is the best
Read more
The life insurance policy in India is a type of life insurance
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
