RBL Bank, LIC Sign Bancassurance Partnership to Expand Insurance Reach

On September 30, 2025, RBL Bank announced a strategic bancassurance tie-up with Life Insurance Corporation of India (LIC), the country’s largest life insurer. This collaboration allows RBL Bank customers to access LIC’s extensive suite of life insurance products through the bank’s 2,000+ service touchpoints and LIC’s 3,600+ branches and satellite offices.

LIC-RBL Bank Partnership: Driving Financial Inclusion

This alliance aims to deepen insurance penetration across India by leveraging the distribution strengths of both institutions. RBL Bank’s digital platforms and its 570 branches, along with 1,474 business correspondent branches, will now offer LIC's portfolio, which includes term plans, endowment policies, pension schemes, and unit-linked insurance plans (ULIPs).

The announcement was made jointly by senior officials from LIC and RBL Bank, reinforcing their shared vision of achieving “Insurance for all by 2047.” The partnership brings together LIC’s brand trust and RBL Bank’s growing customer base to enhance accessibility to life insurance in both urban and rural regions.

Product Portfolio and Distribution Synergy

With LIC's robust insurance offerings and RBL Bank's expanding branch network, this collaboration is expected to boost insurance coverage and simplify access to essential protection solutions. Customers will benefit from a one-stop solution for banking and insurance needs, improving the overall financial ecosystem and enabling long-term security planning.

Read More: Axis Bank and Freecharge Partners to Launch India’s First Gold-Backed Credit Line on UPI!

Regulatory Compliance and Digital Enablement

In line with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank has hosted the official press release on its website. The digital enablement of LIC products via RBL Bank’s online platforms will also empower tech-savvy and rural customers to conveniently access insurance services, supporting the broader financial inclusion agenda.

RBL Bank Share Price Performance

On September 30, 2025, RBL Bank share price opened at ₹278.80 on NSE, above the previous close of ₹277.80. During the day, it surged to ₹278.80 and dipped to ₹270.85. The stock is trading at ₹273.40 as of 1:00 PM. The stock registered a moderate decline of 1.58%.

Over the past week, it has moved up by 1.13%, over the past month, it has moved up by 1.89%, and over the past 3 months, it has moved up by 10.43%.

Conclusion

The bancassurance tie-up between RBL Bank and LIC represents a powerful synergy in India’s financial services landscape. With their combined physical and digital presence, the partnership is set to significantly advance the accessibility of life insurance, aligning with national goals for inclusive financial coverage by 2047.

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