ANZ has completed the sale of its life insurance business OnePath Life, to Zurich Financial Services Australia.The deal was first announced in December 2017, when ANZ said the deal would be worth A$2.85 billion. At the time the deal was announced OnePath Life had $1.7 billion of in-force premiums.The deal did not include New Zealand or lenders mortgage insurance.The completion of the sale marks the start of a 20-year agreement for Zurich to provide life insurance products to ANZ customers through the bank's distribution channels.The bank said in a statement to the ASX that 500 of its staff have joined Zurich.ANZ is still working on the other part of its OnePath divestment. In October 2017 it announced that it would sell OnePath pensions and investments and aligned dealer groups to IOOF Holdings for $975 million.Last month, the bank disclosed that it continued "to work co-operatively on the transaction".ANZ said it was monitoring IOOF's response to matters raised by the Australian Prudential Regulation Authority before making a decision about the transfer of the business.