IPPB Guaranteed Protection Goal (GPG) Annuity Plan Details:
What is a IPPB Guaranteed Pension (Term Insurance) plan?
Guaranteed pension is where you can lock today's rate for life and get same returns throughout life. Return of Investment would be given back to nominee, at the time of certainty.
How IPPB GPG Term Insurance different from PLI/RPLI (Postal Life Insurance)?
It’s a Pure Pension Plan, where the pension starts from the very subsequent month onwards. Rate of Intrest is fixed for the entire Term. Pension can be availed throughout the life. Altogether a different type of insurance and not a competition or replacement to PLI/RPLI, since it’s a pure Pension Plan.
Who are Target customers for Post Office term Insurance Plan?
New customers who are looking for a Regular Pension Income. Existing customers who looking for Fixed rate of Interest. Is there any handholding for initial selling and after sale service?
M/S Bajaj Allianz have assured deployment of a dedicated team to cater the needs of DoP End Users. Trainer for Bajaj products may be reached at 9880268894 for clarifications.
IPPB Branch Managers will be extending all necessary support in on-boarding of Users and after sale services
What are the main selling points of IPPB GPG Insurance Plan?
It’s a no Medical and No Rejection Plan .
Get guaranteed income for Life.
Purchase Price Returned to the surviving Spouse or Nominee
Pension can be taken on a monthly, quarterly, half yearly or Yearly mode.
Step by Step process to enroll IPPB GPG Term Insurance by DOP (Post Office) End User (GDS, Postman, Postal Assistant):
IPPB user logs in to MATM application using user ID and password
Select Insurance tab present on home screen or by clicking on top most button on right
Search customer through scanning IPPB card QR code/Account No. OR Aadhar No. OR Mobile No.
Kindly provide your consent by clicking “I confirm”. Post accepting, authenticate the customer using “fingerprint” OR “eye scan” option
Post customer’s authentication , “Product type” & “Service provider” need to be selected
For login of new proposal, select “Buy Now” option and select Product from the list and click on “Submit” to proceed
Enter Customer’s Basic details – Full Name, Gender, Date of Birth, Pin code, Age
Enter all the details asked for the Policy
On customer’s agreement with Benefit Illustration, user shall proceed through “Buy Now” option for data entry of proposal form.
Data Entry should be done for the proposal form using Life Insured’s details.
Non-editable Product and Bank Account details
Clicking on “Validate Form”, BALIC rule engine to validate proposal form filled up
Clicking on “Validate Form”, BALIC rule engine to validate proposal form filled up
Click on “Proceed” for redirection back to MATM app for premium payment. Transaction details shall be displayed on screen for confirmation post redirecting to MATM application of IPPB
Message for confirmation of premium payment to be displayed on screen
Customer’s journey to complete with this.
