Current Affairs - Business - Discussion

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.