ICICI Pru Life ties up with UAE Exchange for premium payment

MUMBAI:
Private sector life insurance company ICICI Prudential Life on Monday entered into an
agreement with Dubai-based UAE Exchange House for collecting first and renewal
premia of NRI clients in the Gulf region. The tie-up would help
customers of ICICI Prudential addition entree to all subdivisions of the exchange spread
across the UAE to do first and renewal premia, ICICI Prudential Life said in
release. The understanding comes
in the background of ICICI Prudential Life allowing its clients to directly
remit money towards coverage insurance premium from their ICICI Depository Financial Institution NRE business relationship into the
life insurer's account. Speaking on the partnership,
ICICI Prudential Life Insurance Executive Vice-President Anita Pai said, "with
this tie-up, our NRI clients can now do their first and renewal payments at
an exchange house closer to them." The agreement would help
serve clients in a better manner and supply them more than insurance premium paying facilities,
she said. ICICI Prudential
Life Insurance Company is a 74:26 per cent articulation venture between ICICI Depository Financial Institution and
the UK-based Prudential plc.