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SSC Selection Post 2022 PYQ — Question 42

SSC Selection Post - Matriculation Level - 3 Feb 2022 - Shift 3 • General Awareness • Q42

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Which of the following has become the first life insurance company to provide its customers with the UPI AutoPay facility?

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Correct answer: B

Explanation

The correct answer is Option 2 i.e. ICICI Prudential Life.

  • ICICI Prudential Life Insurance became the first life insurance company to offer the UPI AutoPay facility to its customers.
  • It partnered with the National Payments Corporation of India (NPCI) to enable this feature. 
  • This allows customers to make insurance premium payments quickly and conveniently via their smartphones.