RBL Bank has announced a strategic bancassurance partnership with Life Insurance Corporation of India (LIC). This collaboration enables RBL Bank customers to access LIC’s life insurance products through the bank’s extensive network and digital channels. The partnership aims to expand financial protection and strengthen insurance penetration across India, providing diverse product options including term plans, endowment policies, and pension plans.
Strategic Partnership with LIC
RBL Bank has partnered with Life Insurance Corporation of India (LIC) to offer a comprehensive range of life insurance products to its customers. This alliance leverages RBL Bank’s extensive network and digital capabilities to distribute LIC’s offerings across India. The announcement was made on September 30, 2025, highlighting the shared commitment of both entities to enhance financial security.
Expanding Insurance Access
Through this bancassurance tie-up, RBL Bank customers can access LIC’s diverse portfolio, including term plans, endowment policies, pension plans and unit-linked insurance products. The partnership seeks to simplify access to insurance solutions and promote financial inclusion across the country. With LIC’s network of over 3600 branches and satellite offices, combined with RBL Bank’s 2000 touchpoints, the collaboration aims to achieve insurance for all by 2047.
Source: BSE
