Distributive policy

NIA policyholders can now pay premiums at Post Fiji outlets

Insurance COO Mr Rama said the partnership would enhance the package of services offered by Post Fiji and was in line with their vision to be the partner of choice in more than just postal services.


New India Assurance COO M Rama (sixth from left), Post Fiji Managing Director Anirudha Bansod (seventh from left) with leaders and guests of the organizations after the signing of the agreement on February 9, 2022. Photo: Shreeya Verma

New India Assurance policyholders can now pay their insurance premiums at any of the 58 Post Fiji outlets nationwide.

This was after the two organizations signed a new partnership agreement adding to Post Fiji’s distribution channel for general insurance products.

Post Fiji Managing Director Anirudha Bansod said it was an attempt to diversify specialist products in their distribution portfolio, coupled with higher customer service standards.

“Working with New India Assurance is a good way to earn money and provide better services to people,” he said.

“What we’re doing right now is we have a product extension into the postal industry.”

“It’s because our traditional co-products are in decline.”

“That’s where we’re trying to fill the void with new products by partnering with this company.”

Mr Bansod said Post Fiji, with 58 post offices, offered services to the most remote corners of Fiji and commemorated its 150th anniversary in December 2021.

“Through this arrangement, Fiji will be able to purchase NIA fonts and enjoy other related services at Post Fiji outlets,” he said.

“Post Fiji employees are trained to answer customers’ insurance questions.”

Insurance COO Mr Rama said the partnership would enhance the package of services offered by Post Fiji and was in line with their vision to be the partner of choice in more than just postal services.

“NIA delivered strong business performance in 2020 with a gross premium of $54 million and the net profit of $13 million,” she said.

The company has been operating in Fiji since 1954 with four branches in Suva, Lautoka, Nadi and Labasa.

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