ICICI Prudential Life Insurance has entered into a corporate agency agreement with NSDL Payments Bank, a subsidiary of NSDL, the largest depository of India.
Under the agreement, ICICI Prudential Life will provide its customers protection and savings products to customers of NSDL Payments Bank. The insurance products will enable NSDL Payments Bank customers to provide financial security to their families and help them achieve their financial goals.
According to a statement from the company, this is also an effort by ICICI Prudential Life Insurance to cover the uninsured population of the country by offering its innovative and easy to understand life insurance POS (Point of Sale) products on NSDL Payment Bank’s exhaustive point of sale (POS) network, across the country.
POS life insurance products are very easy to understand and can be purchased in a completely hassle-free manner. To start with,‘iProtectSmart’,a term plan that offers protection and ‘ICICI PruASIP’,a unique savings product offering guaranteed maturity benefits,will be provided.