RBL Bank Limited has informed the Exchange regarding a press release dated September 30, 2025, titled "RBL Bank and LIC announce tie-up for Bancassurance".
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RBL Bank has entered into a bancassurance tie-up with LIC, India's largest life insurer, announced on September 30, 2025. Under this partnership, RBL Bank's customers will be able to purchase LIC's life insurance products — including term plans, endowment policies, pension plans, and unit-linked insurance plans (ULIPs) — through RBL Bank's branch and digital channels. The collaboration leverages LIC's network of over 3,600 branches and satellite offices alongside RBL Bank's 2,000+ touchpoints (nearly 570 branches and 1,474 business correspondent branches). Both institutions stated the partnership aims to deepen insurance penetration in India and support the government's 'Insurance for All by 2047' vision.
This tie-up adds a new fee-based revenue stream for RBL Bank through commissions on insurance distribution, with no major capital outlay. It strengthens the bank's product offerings and could support customer acquisition and cross-selling, though the immediate impact on earnings is likely modest.