State-run Life Insurance Corporation of India (LIC) has appointed homegrown payments player Paytm to facilitate its digital payments. Following a tie-up with another payment gateway earlier, the country’s largest life insurer has sought a new deal as the majority of its payments have moved to digital modes.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The new agreement requires an easy payment process, a broader range of payment options, and more players (wallets, banks, etc) in payment channels. LIC has witnessed an upsurge in e-payments following the COVID-19 pandemic. The PSU insurer collects premiums worth Rs 60,000 crore via digital mode, which doesn’t comprise payments made through banks.
Important takeaways for all competitive exams:
Find More News Related to Agreements
The month of May 2025 is filled with a series of significant national and international…
The Karni Mata Temple is one of the most unique and fascinating temples in India.…
India has lost one of its most visionary minds in the field of science communication…
In a bold step toward futuristic defense capabilities, US President Donald Trump has announced the…
In a historic night at Estadio de San Mamés in Bilbao, Tottenham Hotspur defeated Manchester…
In a landmark development for wildlife conservation in India, the Gujarat Forest Department has reported…
![](data:image/svg+xml;charset=utf-8,<svg height="169px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
