Categories: Agreements

ICICI Prudential Life ties up with NPCI for UPI Autopay

ICICI Prudential Life Insurance has tied up with the National Payments Corporation of India (NPCI) to provide a Unified Payments Interface Autopay facility to its customers. This tie-up is another step in the company’s digitalisation journey, which provides customers with a hassle-free and seamless experience across the policy lifecycle.

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About this facility:

While purchasing a life insurance policy, customers can link their bank accounts with UPI Autopay for payment of premium.
The UPI Autopay e-mandate can be activated by customers by using their smartphones to make regular renewal premium payments in a paperless format.
The UPI payment mode is fast becoming a preferred route of payment due to the contactless and frictionless experience it provides.
Customers can set up the e-mandate facility to make their regular renewal premium payments and ensure financial security for self and their families.
Customers can enable the UPI Auotpay feature on their UPI apps. Alternatively, it can be enabled for banks through an e-mandate.

Important takeaways for all competitive exams:

ICICI Prudential Life Insurance CEO: N. S. Kannan;
ICICI Prudential Life Insurance Founded: 2000.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.