Karnataka Bank Partners with ICICI Lombard General Insurance Co. Ltd. to Enhance Customer Benefits

Karnataka Bank has announced its strategic partnership with ICICI Lombard General Insurance Co. Ltd., a leading general insurance company in India. This collaboration aims to offer enhanced insurance solutions and customer benefits to our valued patrons.

Through this tie-up, Karnataka Bank customers will have access to a wide range of comprehensive insurance products and services provided by ICICI Lombard. These offerings include health insurance, motor insurance, travel insurance, home insurance, and more, catering to the diverse insurance needs of individuals and businesses alike.

Speaking on the occasion Shri. Sekhar Rao, Executive Director stated that "We are committed to enriching the financial and banking experience for our customers with ease and choice. Our collaboration with ICICI Lombard underscores this commitment and reinforces our efforts to offer best in class insurance solutions. Further Bank is embarking on digital insurance initiatives which will empower th~ Bank's customers to conveniently access and manage their insurance policies through digital platforms. This includes online policy purchase, real-time claims processing, and personalized insurance advisory services, ensuring a hassle-free experience".

Shri. Anand Singhi, Chief - Retail and Government at ICICI Lombard, expressed his optimism for the collaboration, stating, 11At ICICI Lombard, our core mission is to provide precisely tailored risk management solutions that adapt to the evolving needs of consumers and businesses alike. Partnering with Karnataka Bank, celebrated for its unwavering dedication to excellence, presents a compelling opportunity to broaden our horizons and present customers with a holistic insurance portfolio. We are confident that our bespoke risk management solutions will effectively cater to the diverse needs of customer segments across India."

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 227.80 as compared to the previous close of Rs. 231.65. The total number of shares traded during the day was 167111 in over 4168 trades.

The stock hit an intraday high of Rs. 231.65 and intraday low of 226.70. The net turnover during the day was Rs. 38202850.00.

Source : Equity Bulls

Keywords

TheKarnatakaBank INE614B01018 Partnership ICICILombardGeneralInsuranceCompany