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:
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
Saurabh Vijay CEO of the Unique Identification Authority of India (UIDAI) has assumed the charge…
For the energy security and sustainable transportation India set to launch the E85 fuel, it…
The Uttar Pradesh Sangeet Natak Akademi (SNA) had honored the 51 distinguished artistes at the…
Foreign exchange reserves of India has a fresh increase during the week was ended on…
Swaminathan Janakiraman reappointed as the Deputy Governor of the Reserve Bank of India (RBI) for…