Big News For LIC Holders: You Can Now Buy Insurance From This Private Bank – Full Details Inside

The country’s largest life insurance company , LIC , has signed an agreement with IDFC First Bank under a corporate agency partnership to enhance its presence in bancassurance and provide life insurance coverage to all by 2047. The agreement was signed on Tuesday, July 16.

Buy LIC Policies at IDFC First Bank

Thanks to this partnership, over 1 crore customers of IDFC First Bank will now be able to purchase LIC policies directly through the bank. LIC announced in a press release that digital onboarding has already commenced, and once completed, customers will be able to buy LIC policies via the IDFC First Bank website.


Goal: Insurance for All by 2047

LIC stated that the combined strength of its extensive network of over 3,600 branches and satellite offices nationwide, along with IDFC First Bank’s wide network of over 1,000 branches, will make life insurance more accessible across the country. This collaboration aims to significantly contribute to the goal of providing life insurance protection to all citizens by 2047.

As the nation’s leading insurance company, LIC offers a diverse range of products, including annuity plans, ULIPs, savings plans, and term insurance plans, catering to all segments of society.