ICICI Prudential Life Insurance has become the first life insurer in India to allow premium payments through the National Payments Corporation of India’s (NPCI) new Banking Connect platform.

The feature allows policyholders to make premium payments directly through their preferred mobile banking app in a secure and seamless manner, without having to log in separately using internet banking credentials, the insurer said in a press release on October 28. By integrating with NPCI’s newly launched interoperable payment rail, customers can use any participating bank’s app, bringing greater flexibility and convenience.

Banking Connect was introduced during the Global Fintech Fest (GFF) 2025, and ICICI Prudential Life is the first life insurance company to roll out this functionality for a clos

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