ICICI Lombard ties up with AnyTimeLoan.in
ICICI Lombard, a private sector nonlife insurance company in India, has entered into a strategic tieup with AnyTimeLoanin ATL a leading peer to peer lending platform, to provide insurance cover for its lenders and borrowers
Hyderabad: ICICI Lombard, a private sector non-life insurance company in India, has entered into a strategic tie-up with AnyTimeLoan.in (ATL) - a leading peer to peer lending platform, to provide insurance cover for its lenders and borrowers.
The partnership aims to de-risk exposure of its lenders and borrowers arising from uncertainties such as accidents, critical illness, death, disability, 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 the 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 the lenders comes with free premium for the first year on a complimentary basis, as ATL will absorb this cost on behalf of the beneficiaries.