ICICI Lombard General Insurance has partnered with Karnataka Bank to offer its insurance products to the bank’s 13 million customers across 915 branches. This collaboration aims to enhance financial security and broaden insurance coverage, aligning with the Insurance Regulatory and Development Authority of India’s (IRDAI) goal of achieving ‘insurance for all’ by 2047.
ICICI Lombard’s portfolio includes motor, health, crop, and liability insurance. The partnership also focuses on digital initiatives, allowing customers to manage insurance policies online for convenience and efficiency.
ICICI Lombard General Insurance has formed a bancassurance alliance with Karnataka Bank, providing access to its insurance products for over 13 million customers across 915 branches. This partnership aims to enhance financial security and insurance coverage, aligning with IRDAI’s goal of ‘insurance for all’ by 2047.
ICICI Lombard’s offerings include motor, health, crop, and liability insurance. The collaboration also focuses on digital initiatives for policy management and real-time claims processing. Executives emphasized the commitment to customer-centric products and leveraging technology for comprehensive coverage and improved customer experience.
