Private sector general insurer ICICI Lombard on Monday announced that it has entered into a Bancassurance tie-up with Yes Bank.
In a press release, ICICI Lombard said through this tie-up it aims to offer innovative insurance solutions to Yes Bank’s customers across 28 states and 8 Union Territories.
“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,” Sanjeev Mantri, Executive Director, ICICI Lombard was quoted in the press release.
The general insurer said that 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.
“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,” the release quoted Rajan Pental, Global Head – Retail Banking, YES BANK as saying.