Standard Chartered bank has decided to work with a leading Insurance company ICICI Prudential Life Insurance Company Ltd. The bank will be entering in to a strategic bancassurance partnership with the company.
Through this partnership they will be expanding the term and geographic scope of their pan-Asian bancassurance partnership. In the agreement it has been decided that bank will be selling life insurance products of ICICI prudential through its branches spread across the 42 cities of the country.
CEO of the bank reported that they want to offer the best services to their customers and fulfill their changing need in the dynamic environment, this measure will help them in pleasing their customer with the best insurance products. CEO of ICICI prudential expressed his views stating that they are happy to work with the largest emerging markets bank.