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NPCI Bharat BillPay Ltd partnered with ICICI Prudential Life Insurance

Published on November 14, 2021
Current Context: The NPCI Bharat BillPay Ltd has entered into a partnership with ICICI Prudential Life Insurance.
NPCI Bharat BillPay Ltd partnered with ICICI Prudential Life Insurance
  • They have partnered to offer a ClickPay facility to the insurer’s customers.
  • The NPCI Bharat BillPay Ltd is the subsidiary of the National Payments Corporation of India (NPCI).
  • In the ClickPay facility, a payment link is sent to customers. The link is used to make easy bill payments like utility bills, EMIs, insurance premiums,  and many more.
  • The biller generates the link and when the customer clicks on it, he/she is directed to the payment page.
  • By doing so, the ICICI Prudential Life Insurance has become the first insurance company to offer ClickPay facility.
  • Using the facility, the customers of ICICI Prudential Life Insurance will be able to pay the premium amount of their insurance coverage.
  • Through this facility, the customers will not have to remember premium payment dates. It will be a convenient and secure two-step process of premium payment.
  • Static Part: 
    • HQ of NPCI: Mumbai
    • MD & CEO of NPCI: Dilip Asbe

Question: 

Q.1 Which insurance company partnered with NPCI Bharat BillPay Ltd to avail its ClickPay facility?
a. PNB MetLife India Insurance
b. ICICI Prudential Life Insurance
c. Kotak Life Insurance
d. Aviva Life Insurance Company
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