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AU Small Finance Bank announces strategic partnership with ICICI Prudential Life Insurance


AU Small Finance Bank announces strategic partnership with ICICI Prudential Life Insurance
Posted On:
2020-12-28 06:37:23
(Time Zone: Arizona, USA)
AU Small Finance Bank (AU Bank), a scheduled commercial bank and one of the largest small finance banks in the country, today, announced its partnership with ICICI Prudential Life Insurance, one of the top Private Life Insurance companies to offer customised, need and goal-based Life Insurance solution.
AU Bank is rapidly expanding its distribution footprints across India and this tie-up between the two leading companies will further enrich its life insurance offering with an agile, accelerated, digital and paperless platform offered by ICICI Prudential Life. Through this corporate agency arrangement, over 18 lakh customers of AU Bank across over 700 banking touchpoints in 13 states and 2 Union territories, will have an easy access to the entire suite of customer-centric protection and long-term savings product ....

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ICICI Prudential Life Insurance launches guaranteed pension plan


ICICI Prudential Life Insurance launches guaranteed pension plan
ANI |
Updated: Dec 18, 2020 12:55 IST
A non-linked non-participating individual annuity product, it provides customers with the flexibility to choose between immediate and deferred annuity.
The immediate annuity option enables customers to start receiving regular income immediately by paying a one-time premium. On the other hand, the deferred annuity option gives customers the flexibility to start receiving the income at any point later, for instance closer to their retirement.
Customers have the option to defer the start of income for a period of 10 years. Longer the deferment, higher will be the income.
To address the challenge of rising inflation, customers also have the option to top-up their contribution and thereby increase the income they receive. ....

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