Current Affairs - Banking - Discussion

LIC has entered into a partnership with IDFC First Bank to provide online life insurance policies. This collaboration enables over 1 crore customers of IDFC First Bank to purchase LIC policies directly through the bank's website. IDFC First Bank, led by CEO V. Vaidyanathan, is facilitating this offering, showcasing its role in expanding insurance access through digital channels. The partnership with LIC, chaired by Siddharth Mohanty, aims to enhance customer convenience and broaden the reach of life insurance products.