Capital Miniature Finance Bank has announced its partnership with ICICI Lombard, a corporate Bancassurance agency, to enhance its product offerings and provide its customers with a diversified range of general insurance products.
Through this partnership, Capital Miniature Finance Bank will leverage its extensive network and customer base to distribute ICICI Lombard’s comprehensive suite of general insurance products, including health, motor, home, travel and rural insurance.
Anand Singhi, Head of Retail and Government at ICICI Lombard, said, “Our alliance with Capital Miniature Finance Bank is a strategic move to further expand our reach, especially considering the bank has deep roots in North India.”
“This partnership will enable the Bank’s clients to have adequate risk protection and access to our broad suite of pioneering and technology-driven insurance solutions,” he said.
Sarvjit Singh Samra, MD & CEO, Capital Miniature Finance Bank, said, “This merger is in line with our commitment to offer end-to-end financial solutions tailored to the evolving needs of our customers.”
Through this partnership, we want to boost the availability of high-quality insurance products, while strengthening our position as a trusted financial partner, empowering both businesses and individuals. This combination is another step towards becoming the premier banker for our middle income group (MIG) clients, driving both business growth and revenue growth,” he added.
