ICICI Lombard and Policybazaar Forge Partnership to Offer Insurance Products
A new partnership has been established between ICICI Lombard and Policybazaar, allowing a variety of insurance products – such as travel and health insurance – to be made available on the Policybazaar platform. This collaboration is set to cover all of Policybazaar’s major lines of business, spanning retail customers, corporate clients, and channel partners, thereby granting ICICI Lombard access to a substantial network of close to 10 million customers.
Expressing enthusiasm for this newly formed alliance, Sarbvir Singh, Joint Group CEO of PB Fintech, stated: “We are very happy and excited to welcome ICICI Lombard to Policybazaar. This partnership will bring ICICI Lombard’s exceptional insurance products and customer experience to our customers.”
Recent data from ICICI Lombard indicates that a significant majority of Indian international travelers – specifically, nine out of 10 – are considering the purchase of travel insurance for their upcoming journeys. This highlights a growing awareness and recognition of the importance of obtaining insurance coverage while traveling.
