LIC partnered with IDFC First Bank for bancassurance
The tie-up would facilitate more than 1 crore customers of IDFC First Bank to buy LIC policies online by visiting the bank’s website, India’s largest life insurer said in a statement.
Life Insurance Corporation of India (LIC) has inked a tie-up with IDFC First Bank Ltd under a corporate agency arrangement.
The tie-up would facilitate more than 1 crore customers of IDFC First Bank to buy LIC policies online by visiting the bank’s website, India’s largest life insurer said in a statement.
The Corporation said, “It would be a great experience for the bank customers to have end-to-end solutions for their varied life insurance needs, referring to more than 95 percent of the bank’s transactions happening online.
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R Doraiswamy, Managing Director, LIC, said, the coming together of the two financial entities will provide IDFC First Bank’s customers with the wide choice of LIC’s products.
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