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Which insurance company has become the first private Life Insurer in India to implement Electronic – National Automated Clearing House (e-NACH) service of the National Payment Corporation of India?
  • a)
    HDFC Life
  • b)
    Bajaj Allianz
  • c)
    ICICI Prudential Life
  • d)
    Aviva India
  • e)
    SBI Life
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which insurance company has become the first private Life Insurer in I...
ICICI Prudential Life has become first private Life Insurer in India to implement Electronic – National Automated Clearing House (e-NACH) service of the National Payment Corporation of India. e-NACH mandate service is a digital registration process through which a customer issues a mandate to the bank to debit his/her account at pre-determined frequencies. Customer can register for this mandate at the time of purchasing a life insurance policy, by sharing bank details and Aadhaar number.
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Which insurance company has become the first private Life Insurer in India to implement Electronic – National Automated Clearing House (e-NACH) service of the National Payment Corporation of India?a)HDFC Lifeb)Bajaj Allianzc)ICICI Prudential Lifed)Aviva Indiae)SBI LifeCorrect answer is option 'C'. Can you explain this answer?
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