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Insurance ICICI Prudential Life and Saraswat Co-operative Bank sign bancassurance partnership

ICICI Prudential Life and Saraswat Co-operative Bank sign bancassurance partnership

This tie up will strengthen distribution network of ICICI Prudential Life in Maharashtra, Goa, Gujarat, Delhi, Madhya Pradesh and Karnataka.
Team Cafemutual Sep 21, 2018

ICICI Prudential Life and Saraswat Co-operative Bank have come together to offer life insurance products ranging from protection to wealth creation.

Through this partnership, over 280 Saraswat Bank branches in Maharashtra, Goa, Gujarat, Delhi, Madhya Pradesh and Karnataka will offer the entire range of protection and savings products of ICICI Prudential Life.

In a press release, Smita Sandhane, Managing Director, Saraswat Co-Operative Bank said, “It gives us the opportunity to provide our customers with the best in class life insurance products which will take care of their protection and saving needs. Since customer centricity forms the core philosophy of both the companies, it is going to be a mutually benefitting collaboration and we are looking forward to work closely with ICICI Prudential Life.”

N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance said, ”Our savings products will enable them to efficiently build wealth over the long term. Through our digital platform, we can facilitate a paperless on-boarding and deliver superior service to our customers. We believe this partnership will help the Bank enhance the value of its franchise and enable us to further strengthen our multi-channel distribution network.”

 

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