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RBI’s Update on Paytm Payments Bank Limited doesn’t impact Paytm Insurance Broking

02 February 2024, 12:49 PM

Dear Valued Customers,

We, at Paytm Insurance Broking Private Limited (PIBPL), wish to provide you with important information concerning the recent RBI press release dated January 31, 2024, pertaining to our associate company, Paytm Payments Bank Ltd. (PPBL).

In the wake of the aforementioned press release and the regulatory actions taken by RBI, we want to assure you that these developments have no bearing on the operations of Paytm Insurance Broking. Your existing policies and any claims with our partner Insurance Companies remain entirely unaffected and our operations will continue as usual without any impact whatsoever.

Our unwavering commitment stands to shield millions of Indians from the uncertainties of financial insecurity through simple, transparent, and customer-friendly insurance products. In line with this mission, we would like to highlight that:

Regulatory Adherence: PIBPL operates under the supervision of the Insurance Regulatory and Development Authority of India (IRDAI) and is fully compliant with all the regulatory norms and guidelines.

Insurance Policy and Claims Integrity: We want to emphasize that your insurance policies and any associated claims will be honored without any deviation from the agreed-upon terms and conditions.

Seamless Insurance Purchase Experience: You can continue to purchase new insurance policies seamlessly through our platform, with the same confidence and convenience as always.

Your trust in us is of paramount importance, and we want you to proceed with confidence, knowing that we remain steadfast in our commitment to protecting you from financial insecurity.

For any inquiries or clarifications, please feel free to reach out to us at care@paytminsurance.co.in

Thank you for choosing us!

Team Paytm Insurance Broking