ICICI Lombard Basic Insurance coverage, India’s main non-life insurance coverage company, has shaped a Bancassurance partnership with AU Small Finance Financial institution. The collaboration would give the financial institution’s different consumers get right of entry to to the insurer’s portfolio whilst additionally expanding penetration throughout India.
AU Financial institution is aggressively extending its distribution footprints throughout India, and this collaboration between the 2 business titans will try to additional give a boost to its normal insurance coverage providing with agile, virtual, and paperless answers supplied via ICICI Lombard. The total product suite can be to be had throughout 980+ banking touchpoints unfold over 20 states and two union territories. Consumers and their households will get pleasure from customer-centric merchandise ultimately. With each companies dedicated to offering the most efficient imaginable carrier to their customers thru innovation and consistency, this collaboration would supply shoppers with the most efficient of each worlds.
Talking in regards to the partnership, Sanjeev Mantri, Government Director, of ICICI Lombard mentioned, “At ICICI Lombard, we’re in consistent endeavour to supply customers and companies efficient chance control answers in response to their evolving wishes. As an business chief, we’re excited to spouse with AU Small Finance Financial institution – India’s biggest small finance financial institution, in offering consumers a complete product portfolio. This partnership will lend a hand additional beef up our distribution and resolve expansion alternatives during the financial institution’s large community. With our in depth vary of customised answers for chance control we’re assured that we will cope with numerous visitor segments throughout India.”
Highlighting the important thing sides of this strategic partnership, Uttam Tibrewal, Government Director, AU Small Finance Financial institution, mentioned, “AU Small Finance Financial institution at all times prides in offering visitor centric answers and services and products. Increasing our bouquet of economic services and products and visitor worth proposition, we would have liked to go together with further normal insurance coverage spouse so as to add worth to our current vary of goods & services and products whilst serving to our consumers plan for higher monetary safety. We welcome ICICI Lombard as our valued insurance coverage spouse who, we consider, has the facility and revel in to grasp consumers’ wishes and be offering them custom designed need-based answers and supply seamless services and products. I’m certain, the customer-friendly merchandise of ICICI Lombard, blended with our in depth presence and strong technological features, would be the right combination to extend insurance coverage penetration.”