CURRENT AFFAIRS

Detailed explanation-1: -N S Kannan, the Managing Director and CEO of ICICI Prudential Life Insurance, said the key objective of both partners is to leverage technology to provide a hassle-free and immersive experience to customers.

Detailed explanation-2: -NSDL is promoted by IDBI Bank Ltd., Unit trust of India and NSE.

Detailed explanation-3: -NSDL Payments Bank Limited commences operations The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India.

Detailed explanation-4: -The initiative will allow customers to buy insurance policies and make premium payments digitally, from their homes. With this tie-up, ICICI Prudential Life has become the first such life insurance company to provide the UPI AUTOPAY facility to its customers to simplify the payments processes.