RBL Bank and LIC announce tie-up for Bancassurance

RBL Bank has entered into a bancassurance partnership with Life Insurance Corporation of India (LIC). This strategic collaboration will enable RBL Bank customers to access LIC's comprehensive range of life insurance products through the Bank's extensive branch network and digital channels.

The formal tie-up was announced in the presence of senior officials from LIC of India and RBL Bank Ltd. The partnership underscores the shared commitment of both institutions to expand financial protection and strengthen insurance penetration across India.

Through this collaboration, RBL Bank customers will be able to avail LIC's diverse product portfolio covering term plans, endowment policies, pension and unit-linked insurance plans.

At 1.06 pm, RBL Bank was trading at Rs. 273.45, down by 1.65%, with a volume of 1.95 lakh shares on the BSE.