ICICI Lombard, has entered into a strategic tie-up with AnyTimeLoan.in (ATL), a lending platform, to provide insurance cover for the latter’s lenders and borrowers.
The partnership aims to derisk exposure of its lenders and borrowers arising from uncertainties such as accidents, critical illness, death, disability, and loss of job, among others.
ICICI Lombard will offer its proprietary policies – Group Secure Mind and Group Personal Accident – to the customers of AnyTimeLoan.in. This will cover borrowers of all types of loans facilitated on AnyTimeLoan.in, with minimum policy term of one year to a maximum of three years. The insurance cover for lenders comes with free premium for the first year.
Sanjeev Mantri, Executive Director, ICICI Lombard, said: “We are delighted to partner with AnyTimeLoan.in and provide their customers with our diverse range of non-life insurance solutions.”