ICICI Prudential Life Insurance has signed a corporate business enterprise settlement with Airtel Payments Bank for easy get right of entry to to lifestyles insurance and financial savings plans for its clients, permitting them to provide financial security to their households and construct long-term financial savings. ICICI Prudential Life Insurance Managing Director and CEO N.S. Kannan stated: “This partnership has paved the manner for the Bank`s account holders to expeditiously purchase life insurance and provide a monetary protection-net to their households.
“Bridging the protection gap inside us of a is vital and the want of the hour is to provide low-cost and easy merchandise and leverage era to smoothen the purchase enjoy. This affiliation will allow the Bank to provide a long term savings product and permit clients to achieve their economic dreams and simultaneously facilitate increasing our presence in under-served client segments.”
This partnership targets to leverage Airtel Payments Bank`s deep distribution network and digital reach to provide tens of millions of un-insured Indians with revolutionary and low priced lifestyles insurance merchandise via ICICI Prudential Life Insurance, the enterprise said.
Airtel Payments Bank Managing Director and Chief Executive Officer Anubrata Biswas stated: “We are delighted to companion with ICICI Prudential Life Insurance as part of our endeavor to provide a bouquet of nicely-designed and modern insurance products to tens of millions of beneath-insured and un-insured Indians thru our extensive distribution community and virtual attain. This association is one greater step taken through us to contribute toward the Government of India`s vision of creating a financially inclusive society.”
To begin with, on the safety platform, ICICI Pru iProtect Smart and on the savings platform, ICICI Pru Anmol Bachat will be to be had in phases to Airtel Payments Bank customers. ICICI Pru Anmol Bachat plan is a completely unique micro-coverage product presenting twin blessings of financial savings and safety in small value sachets, designed for the below-insured even as ICICI Pru iProtect Smart is a term plan that offers protection.