Life Insurance Corporation of India (LIC) and YES Bank forge strategic bancassurance partnership

Key facts

• LIC and YES Bank have entered into a strategic bancassurance partnership enabling YES Bank customers to access LIC’s comprehensive range of life insurance products through the Bank’s extensive branch network and digital platforms.
• YES Bank is recognised as the Preferred Banker to Digital India with best-in-class technology infrastructure, a robust API stack, and a leadership position in digital payments.
• The partnership was announced in the presence of R. Doraiswamy, CEO & MD, LIC of India, and Prashant Kumar, MD & CEO, YES Bank.
• Through this collaboration, YES Bank customers will be able to avail LIC’s diverse portfolio products including term plans, endowment policies, pension, and unit-linked insurance plans.