IndiaFirst Life partners with Spice Money for collections in rural, semi-urban regions

IndiaFirst Life partners with Spice Money for collections in rural, semi-urban regions



New Delhi, IndiaFirst Life Insurance Company Limited (IndiaFirst Life), promoted by Bank of Baroda and Andhra Bank, on Monday announced its association with Spice Money under which the insurance company will leverage Spice Money's payment platform to equip PoS agents to collect premiums for IndiaFirst Life's PoS products.

Spice Money's award-winning PPI platform provides seamless money collection solutions, which are among the best in the industry. IndiaFirst Life will leverage Spice Money's experience and expertise in the payment's domain, especially in the semi-urban and rural parts of India. This will allow the insurer to make the process of premium collection even more efficient for its PoS team, IndiaFirst Life Insurance Company Ltd MD and CEO R M Vishakha said.

IndiaFirst Life POS Persons will be equipped and trained to use Spice Money payment collection solutions for premium collection.

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