The businesses claim that the partnership will also offer a monetary security net to the customer’s loved ones by way of a life insurance coverage cover.
RBL Bank and ICICI Prudential Life Insurance have partnered to provide an array of life insurance coverage items to the bank’s clients. The organization says the alliance will allow more than 8.7 million clients of RBL Bank to access and seamlessly acquire buyer-centric protection and extended-term savings items of ICICI Prudential Life and offer monetary safety to themselves and their households.
Through this tie-up, the whole bouquet of ICICI Prudential Life’s insurance coverage plans on the protection and savings platform will be obtainable for acquire to clients of the Bank. The insurance coverage company’s Life Insurance’s protection items provide a powerful foundation for a monetary strategy and a diversified variety of extended-term savings items that will enable the Bank’s clients realize their monetary objectives, be it wealth creation, retirement preparing, or greater education of young children. Simultaneously, the businesses claim that the partnership will also offer a monetary security net to the customer’s loved ones by way of a life insurance coverage cover.
N S Kannan, Managing Director, and CEO, ICICI Prudential Life Insurance stated, “Besides the common philosophy of customer-centricity, both partners have been leveraging technology to provide customers a seamless digital fulfillment journey and superior customer experience. There is a growing awareness among consumers about protection and the need to financially secure themselves and their families following the pandemic. We believe our array of protection and long-term savings products will complement RBL Bank’s offerings and enable their customers to develop a robust financial plan.”
RBL Bank will distribute ICICI Prudential Life’s items by means of its network of 398 branches spread across 28 states in addition to its web and mobile banking touch-points, which distinguish the Bank’s multi-channel distribution network. For ICICI Prudential Life, the partnership will deepen and additional strengthen its multi-channel distribution network.
Vishwavir Ahuja, MD, and CEO, RBL Bank stated, “We are happy to partner with ICICI Prudential Life and are confident that this strategic alliance will accelerate value creation for both our organizations. As a bank, we are constantly focused on serving the evolving needs of our customers and ensuring that they have a holistic service experience. This collaboration empowers our customers to choose from a comprehensive suite of products and plan for a financially secure future. With our strong distribution reach and digital platforms, we will be able to offer these products instantly to all our customer segments across India.”