Indian Insurance Firm Offers Card-Based Premium Payments

Published May 30, 2008, 1:00 a.m. EDT

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Updated May 30, 2008, 12:00 a.m. EDT

1 Min Read

American Express Co. reportedly will work with ICICI Prudential Life Insurance Co. to offer its policyholders an online-payment service. The arrangement would enable policyholders to use AmEx cards to pay premiums through the India-based insurance company's Web site. Neither ICICI nor AmEx would discuss the initiative with CardLine Global. Consumers also can continue to pay premiums with cash at insurance offices. ICICI Bank and United Kingdom-based financial services group Prudential Plc created ICICI Prudential Life in 2000 as a joint venture.

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