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Stock Report
RBL Bank and LIC announce tie-up for Bancassurance
Posted On : 2025-09-30 21:00:45( TIMEZONE : IST )
RBL Bank, one of India's leading private sector banks, today announced that it has entered into a bancassurance partnership with Life Insurance Corporation of India (LIC), the country's largest life insurer. 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 portfoliocovering term plans, endowment policies, pension and unit-linked insurance plans.
Through combined strength of a vast network of more than 3600 Branches and Satellite Offices of LIC and over 2000 touchpoints of RBL Bank including nearly 570 branches and 1474 business correspondent branches, the penetration of life insurance across the country would be made easier and this will go a long way towards the vision of "Insurance for all by 2047".
With this collaboration both institutions reaffirm their commitment to promoting financial inclusion and delivering best insurance solutions across India.
Shares of Life Insurance Corporation Of India was last trading in BSE at Rs. 899.50 as compared to the previous close of Rs. 894.80. The total number of shares traded during the day was 67845 in over 1938 trades.
The stock hit an intraday high of Rs. 906.60 and intraday low of 894.00. The net turnover during the day was Rs. 61141467.00.
Shares of RBL Bank Limited was last trading in BSE at Rs. 277.60 as compared to the previous close of Rs. 278.05. The total number of shares traded during the day was 456098 in over 5095 trades.
The stock hit an intraday high of Rs. 279.95 and intraday low of 270.80. The net turnover during the day was Rs. 125570095.00.
