Mumbai, July 15 -- Amid speculation that Standard Chartered may end its bancassurance partnership with ICICI Prudential Life Insurance, the insurer's chief distribution officer Amish Banker said on Wednesday that the foreign lender "values" the decade-long relationship, even as he stopped short of commenting on its future.

"This is a partnership that we've developed over the last 10 years," Banker said in a post-earnings analyst call, adding that the deep integration across technology products, processes, and customer service is not something that is "trivial" and requires a lot of effort across both teams. "They value the distribution, partnership that they have with us, and we continue to look at building it, going forward."

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