Mumbai: ICICI Bank's general insurance arm ICICI Lombard on Wednesday said it has signed a deal with private sector banker Development Credit Bank for the sale of insurance products at bank's branches in the country.
Under the bancassurance partnership between the largest insurance firm ICICI Lombard and DCB, private insurer will make available the insurance products to the bank customers in 80 branches across the country, a statement said here on Wednesday.
ICICI Lombard General Insurance Company has personal products such as health, home, travel, motor insurance and commercial line products such as fire, marine and industrial insurance.
"Our partnership strengthens and enhances ICICI Lombard's reach to provide innovative insurance solutions for widespread customer base," the insurance firm's Director Retail Neelesh Garg said.
ICICI Lombard General Insurance is a 74:26 joint venture between ICICI Bank and the Canada-based company, Fairfax Financial Holdings Limited.
Development Credit Bank is a private banking company promoted by Aga Khan Fund for the Economic Development in the developing world. Aga Khan Fund holds over 23 per cent stake in DCB.
PTI
First Published: Wednesday, January 06, 2010, 20:58