KVB, ICICI Lombard team up

Chennai: Karur Vysya Bank (

KVB

) has announced Bancassurance tie-up with

ICICI

Lombard, to provide the bank’s customers access to the insurer’s portfolio. This collaboration will allow ICICI

Lombard

to offer insurance solutions to 80 lakh customers of the bank spread across its 779 branches.

Gururaja Rao, general manager, Karur Vysya Bank said, “This tie-up will help us uphold a strong and distinguished insurance catalogue.” Sanjeev Mantri, executive director, ICICI Lombard, said, “Bancassurance as a channel has been a strong catalyst for us as it opens numerous opportunities through partnerships with trustworthy organizations. We aim to leverage our banking services and offer exclusive and innovative non-life insurance solutions to their customers.”