Paytm Partners With Insurers to Launch Renewals

Insurance companies ICICI Prudential Life, Religare Health, Reliance Life and Reliance General have partnered with Paytm to assist consumers in paying their insurance premiums online, through mobile and the mobile wallet.

Paytm is targeting annual premium payment in excess of INR 1000 crores by going live with 15+ companies by the end of next quarter. Paytm is building closed loop processes which starts with reminding customers and also enabling them to pay through secured transactions.

ICICI Prudential will go live this week followed by other insurers going live in next 2-3 days.

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