New NABARD Workshop - Last 4 year trend. March 5 at 5 PM. Register here

    Question

    Which bank has recently partnered with ICICI Lombard

    General Insurance Company Limited for a bancassurance agreement to distribute its insurance products?
    A HDFC Bank Correct Answer Incorrect Answer
    B Karnataka Bank Correct Answer Incorrect Answer
    C Bank of India Correct Answer Incorrect Answer
    D Bank of Maharashtra Correct Answer Incorrect Answer
    E Indian Bank Correct Answer Incorrect Answer

    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.

    Practice Next