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ICICI Lombard Collaborates with Policybazaar for Insurance Product Distribution

Published on April 12, 2024
Current Context: ICICI Lombard and Policybazaar entered into a strategic partnership on 9th April 2024. This collaboration aims to provide accessible insurance solutions for Indian consumers.
ICICI Lombard Collaborates with Policybazaar for Insurance Product Distribution
  • Here are some key points about this partnership:
    • The partnership encompasses access to nearly 10 million customers with a wide range of insurance products, including motor insurance, health insurance, travel insurance, home insurance, and business insurance.
    • The partnership entails inclusion across multiple business lines of the Policybazaar platform, catering to retail audiences, corporates, and channel partners.
    • The partnership will significantly enhance insurance distribution, ensuring comprehensive coverage reaches every corner of the nation through the convenience of a seamless digital platform.
    • Anand Singhi, Chief - Retail & Government Business of ICICI Lombard, mentioned that they aim to democratise insurance in India by offering consumers an accessible and comprehensive platform to purchase insurance seamlessly.
    • Sarbvir Singh, Joint Group CEO, of PB Fintech, pointed out the shared commitment to driving the vision of “Insurance for All by 2047” in the country.
    • This partnership is expected to combine the product portfolio of ICICI Lombard and the reach of Policybazaar, providing accessible insurance solutions to nearly one crore customers.

Question:

Q.1 Who is the Chief - Retail & Government Business of ICICI Lombard?
a. Sarbvir Singh
b. Anand Singhi
c. Ratan Tata
d. Mukesh Ambani
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