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Business EconomyPosted at: Sep 14 2020 12:14PM


ICICI Lombard enters into Bancassurance tie-up with YES BANK

Mumbai, Sep 14 (UNI) ICICI Lombard General Insurance Company Limited, India's leading private sector non-life insurance company on Monday said that it has entered into a Bancassurance tie-up with YES BANK.
The partnership will provide the Bank's diverse customer base access to the insurer's portfolio and make insurance more accessible to its customers across India, company said in a filing with BSE.
Through this tie-up, ICICI Lombard aims to offer innovative insurance solutions to YES BANK's customers across 28 states and 8 Union Territories. With both organizations believing in offering the best to the customers through innovation, this partnership would offer customers the best of both worlds.
On the partnership Sanjeev Mantri, Executive Director, ICICI Lombard said, "At ICICI Lombard, it is our continuous endeavor to reach out to consumers and businesses to provide them effective risk management solutions. We are delighted to partner with YES BANK and serve their esteemed customers across the country. Given the progressive and technology-oriented approach of both partners, this collaboration is an ideal synergy between the two brands and value adding to YES BANK customers."
Rajan Pental, Global Head - Retail Banking, YES BANK, said, "YES BANK is pleased to enter into a Bancassurance tie-up with ICICI Lombard - we believe that our customers will derive greater value from comprehensive insurance solutions offered. We are confident that the Bank's technology and branch network strength, combined with the innovative product offerings and market reputation of ICICI Lombard will support our customers fulfill their non-life insurance needs. The tie-up is an important milestone and we remain committed to creating a differentiated customer experience."
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