ING Vysya, LIC pact for ePayment

ING Vysya Bank signed an MoU with Life Insurance Corporation of India on Wednesday for ePayment services at all LIC branches across the country. The bank will now offer its Payments platform, ING P@y, to LIC, said a press release from the bank. The initiative was taken on the back of a regulatory directive to LIC to use ePayments as a mode for making payments to policyholders. —