The agreement expands LIC’s reach by adding YES Bank’s 1,295 branches and 235 business correspondent outlets to its network of more than 3,600 locations.
The partnership, announced on PAObank's fifth anniversary, introduces travel insurance as the first joint product alongside preferential deposit offers.
Beyond name change to Generali Central Life Insurance and Generali Central Insurance, new partners stress their renewed focus on insurance accessibility in India.
The RM1.6 billion (US$377.67 million) agreement settles a legal dispute between the two firms and includes a separate arrangement with Takaful Malaysia.
