Question
Which bank has recently partnered with ICICI Lombard
General Insurance Company Limited for a bancassurance agreement to distribute its insurance products?Solution
ICICI Lombard General Insurance Company Limited, based in Mumbai, Maharashtra, has entered into a strategic bancassurance partnership with Karnataka Bank Limited. Through this agreement, ICICI Lombard’s insurance offerings will be accessible across Karnataka Bank’s 915 branches, potentially serving over 13 million customers nationwide. The partnership aims to ensure long-term financial security and highlights both entities' commitment to innovation and reliable service.
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