ICICI Prudential Life signs corporate agency pact with NSDL Payments Bank

New Delhi, Sep 10 (PTI): ICICI Prudential Life signs corporate agency pact with NSDL Payments Bank – Private life insurer ICICI Prudential life assurance on Thursday said it’s entered into a company agency agreement with NSDL Payments Bank.

With its protection and savings products to customers of NSDL Payments Bank, under the pact, the insurer will provide a release said.

As NSDL Payments Bank, the key objective of both the partners is to leverage technology and are delighted to partner with to supply a hassle-free and immersive experience to customers.,” ICICI Prudential life assurance director and CEO N S Kannan said within the release.

He added that this partnership will help the bank”s customers leverage ICICI Prudential Life”s digital platform to conveniently purchase life assurance products.

The insurer said it’ll offer its life assurance POS products on the bank”s point of sale (POS) network spread across the country.

As the new life assurance policy may be a significant one because it will allow our customers the chance to get a number of the foremost relevant products for his or her lifestyle and income levels,” NSDL Payments Bank CEO Ashutosh Singh said.

As on June 30, 2020, ICICI Prudential Life had an asset under management (AUM) of Rs 1,70,006 crore and a complete sum assured of around Rs 15.49 lakh crore.

NSDL Payments Bank may be a subsidiary of NSDL, the primary and therefore the largest depository within the country.

The bank is predominantly a digital bank and is offering end-to-end digital banking products through self-service and assisted channels to customers of varied segments. PTI NKD HRS