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22 February, 2018 00:54 IST
ICICI Lombard signs distribution tie-up pact with RBL Bank
Source: IRIS | 12 Feb, 2018, 12.31PM
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ICICI Lombard General Insurance, one of India's leading private sector general insurance companies and RBL Bank have entered into a Corporate Agency Tie-up agreement. The agreement has been signed for the distribution of ICICI Lombard’s non-life insurance products at RBL Bank branches all over the country as part of the insurer's Bancassurance channel focus.

ICICI Lombard will now offer its non-life insurance solutions to RBL Bank customers spread across the latter's 246 branches. Bancassurance tie-up is an important part of ICICI Lombard’s growth strategy and the company is focused on forging successful alliances, to enhance its distribution network in the country.

Commenting on the tie-up, Sanjeev Mantri, Executive Director, ICICI Lombard General Insurance stated, “We are delighted to have partnered with RBL Bank. At ICICI Lombard, we endeavor to make our products available to our consumers through multiple and convenient channels. The tie up with RBL Bank is a step forward in this direction and will enable RBL Bank customers to source our non-life insurance solutions from the convenience of their bank’s branches and other customer connect points. We will continue to pursue customer centric ways to help consumers avail of and benefit from our range of non-life insurance offerings.''

Shares of the bank gained Rs 3.60, or 0.75%, to trade at Rs 484.70. The total volume of shares traded was 16,422 at the BSE (12.18 p.m., Monday).

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