MUMBAI, SEPTEMBER 14, 2020 (GPN): ICICI Lombard General Insurance, India’s leading private sector non-life insurance company, has entered into a Bancassurance tie-up with YES BANK. 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.

Through this tie-up, ICICI Lombard aims to offer innovative insurance solutions to YES BANK’s customers across 28 states and 8 Union Territories. With both organizations believing in offering the best to the customers through innovation, this partnership would offer customers the best of both worlds.

On the partnership Sanjeev Mantri, Executive Director, ICICI Lombard said, “At ICICI Lombard, it is our continuous endeavor to reach out to consumers and businesses to provide them effective risk management solutions. 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”

Rajan Pental, Global Head – Retail Banking, YES BANK, said, “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. We are confident that the Bank’s technology and branch network strength, combined with the innovative product offerings and market reputation of ICICI Lombard will support our customers fulfill their non-life insurance needs. The tie-up is an important milestone and we remain committed to creating a differentiated customer experience.” ENDS

About ICICI Lombard General Insurance Company Ltd

We are the largest private sector non-life insurer in India based on gross direct premium income in fiscal 2020 (Source: IRDAI). We offer our customers a comprehensive and well-diversified range of products, including motor, health, crop, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels. More details are available at www.icicilombard.com. 

About YES BANK

YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

For more information, please visit the Bank’s website at http://www.yesbank.in/