ICICI Lombard and Policybazaar have joined hands in a strategic partnership aimed at revolutionizing the insurance landscape in India. This collaboration leverages the comprehensive product offerings of ICICI Lombard and the expansive reach of Policybazaar to provide easily accessible insurance solutions to Indian consumers.
Through this partnership, nearly 10 million customers will gain access to a diverse range of insurance products, including motor, health, travel, home, and business insurance. The integration extends across various segments of Policybazaar’s platform, including policybazaar.com for retail customers, PB for Business for corporate clients, and PB Partners for channel partners.
Anand Singhi, Chief of Retail & Government Business at ICICI Lombard, expressed his enthusiasm about the partnership, stating, “On the auspicious occasion of Gudi Padwa, we are delighted to collaborate with Policybazaar to offer our innovative insurance solutions to customers. Recognizing the significant role of digital distribution in increasing insurance penetration, our aim is to democratize insurance in India by providing consumers with an accessible and comprehensive platform for purchasing insurance seamlessly. Our objective is to empower nearly 10 million consumers with choice and transparency, reflecting our commitment to meeting the evolving needs of consumers.”
Sarbvir Singh, Joint Group CEO of PB Fintech, shared his excitement about the collaboration, saying, “We are thrilled to welcome ICICI Lombard to Policybazaar. This partnership will enable our customers to access ICICI Lombard’s outstanding insurance products and customer experience. It also reinforces our mutual dedication to realizing the vision of ‘Insurance for All by 2047’ in the country.”
