Policybazaar Announces Tie-up with LIC to Amplify Insurance Reach

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.

Read more
Get ₹1 Cr. Life Cover at just ₹449/month*
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers
*Tax benefit is subject to changes in tax laws. *Standard T&C Apply
** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines
Get ₹1 Cr. Life Cover at just ₹449/month*
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

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.

Types of Term Plans

Life insurance articles

Recent Articles
Popular Articles
Difference Between Life Insurance and Life Assurance

13 May 2022

Many Individuals consider life assurance and life insurance as...
Read more
Documents Required to Buy a Life Insurance Policy

11 May 2022

Are you planning to purchase a life insurance policy? If yes...
Read more
Ukraine- Russia War: Does Life Insurance Policy Cover death in War abroad? – All You Need To Know

06 May 2022

Whether your life insurance policy coverage will remain in force...
Read more
What is the Difference Between Participating and Non-Participating Life Insurance Policy?

05 May 2022

Understanding the importance of life insurance and its small...
Read more
Joint Life Policy- All You Need to Know

05 May 2022

Life insurance plans secure your life goals and protect your...
Read more
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However...
Read more
How to Cancel SBI Life Insurance Policy?
As per the Insurance Regulatory and Development Authority, you can cancel a life insurance policy taken within 15...
Read more
PLI Santosh Maturity Calculator
Maturity calculators have proven to be one of the simple tools for digital-savvy insurance buyers. Postal Life...
Read more
Surrender Value in Insurance
Surrender Value in Insurance Have you bought a life insurance policy which is not as per your requirement? Are you...
Read more
SBI Life Insurance 50,000 per year Plan for 5 Years
Life insurance is not only about the financial protection of the family but also about working for life’s...
Read more
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL