INDIA'S ICICI, DCB TIE UP TO SELL INSURANCE PRODUCTS AT BANK

[Redskin212]

INDIA'S ICICI, DCB TIE UP TO SELL INSURANCE PRODUCTS AT BANK

 

MUMBAI, Jan 8 Asia Pulse -ICICI Bank's general insurance arm ICICI Lombard on Wednesday said it has signed a deal with private sector banker for the sale of insurance products at bank's branches in India.

 

Under the bancassurance partnership between the largest insurance firm ICICI Lombard and DCB, the private insurer will make available insurance products to bank customers in 80 branches across the country, a statement said here on Wednesday.

 

ICICI Lombard General Insurance Company has personal products such as health, home, travel, motor insurance and commercial line products such as fire, marine and industrial insurance.

 

"Our partnership strengthens and enhances ICICI Lombard's reach to provide innovative insurance solutions for widespread customer base," the insurance firm's Director Retail Neelesh Garg said.

 

ICICI Lombard General Insurance is a 74:26 joint venture between ICICI Bank     

and the Canada-based company, Fairfax Financial Holdings Limited (FRFHF)   

 

 

[Parsad]

That's a natural progression I would imagine...surprised that it is being adapted so quickly...India truly is changing.  Should help increase their footprint even more.  Cheers!