ICICI Lombard, AU Small Finance Bank announce bancassurance tie-up
NEW DELHI: ICICI Lombard General Insurance is coming into right into a bancassurance tie-up with AU Small Finance Bank. The partnership will present the financial institution’s numerous clients entry to the Non-life insurer’s portfolio and improve penetration throughout India.
AU Small Finance Bank has been increasing its distribution footprints throughout India and this tie-up goals to complement its common insurance coverage providing with agile, digital & paperless options supplied by ICICI Lombard. The total suite of merchandise will probably be supplied throughout 980+ banking touchpoints unfold over 20 states & 2 union territories. The buyer centric merchandise will present long-term monetary safety to clients and their households. With each organisations believing in providing the perfect to clients via innovation and consistency, this partnership would provide clients the perfect of each worlds.
Sanjeev Mantri, govt director, ICICI Lombard, stated, “…This partnership will assist additional strengthen our distribution and unravel progress alternatives via the financial institution’s extensive community. With our in depth vary of customised options for danger administration we’re assured that we can deal with diverse buyer segments throughout India.”
Uttam Tibrewal, govt director, AU Small Finance Bank, stated, “…Expanding our bouquet of economic companies and buyer worth proposition, we needed to affiliate with extra common insurance coverage companion so as to add worth to our present vary of merchandise & companies whereas serving to our clients plan for higher monetary safety. We welcome ICICI Lombard as our valued insurance coverage companion who, we imagine, has the power and expertise to know clients’ wants and provide them personalized need-based options and supply seamless companies…”
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