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ICICI Lombard gains on signing distribution tie-up pact with RBL Bank

  • Feb-12-2018
  • 15 Hrs IST

ICICI Lombard General Insurance is currently trading at Rs. 820.10, up by 4.05 points or 0.50% from its previous closing of Rs. 816.05 on the BSE.

The scrip opened at Rs. 816.10 and has touched a high and low of Rs. 827.20 and Rs. 810.50 respectively. So far 7408 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 872.00 on 17-Jan-2018 and a 52 week low of Rs. 619.00 on 31-Oct-2017.

Last one week high and low of the scrip stood at Rs. 827.20 and Rs. 765.05 respectively. The current market cap of the company is Rs. 37246.46 crore.

The promoters holding in the company stood at 55.92%, while Institutions and Non-Institutions held 15.28% and 28.80% respectively.

ICICI Lombard General Insurance Company has entered into a Corporate Agency Tie-up agreement with RBL Bank. The agreement has been signed for the distribution of ICICI Lombard's non-life insurance products at RBL Bank branches all over the country as part of the insurer's Bancassurance channel focus.

ICICI Lombard will now offer its non-life insurance solutions to RBL Bank customers spread across the latter's 246 branches. Bancassurance tie-up is an important part of ICICI Lombard's growth strategy and the company is focused on forging successful alliances, to enhance its distribution network in the country.

ICICI Lombard General Insurance Company offers its customers a comprehensive and well-diversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels.