ICAI, ICAEW renew qualification reciprocity pact

Published : Oct 3, 2019, 6:08 PM IST

The apex body for chartered accountants, Institute of Chartered Accountants of India, has renewed qualification reciprocity agreement with the Institute of Chartered Accountants in England and Wales (ICAEW) in order to increase the mobility of professionals.

New Delhi: The apex body for chartered accountants, Institute of Chartered Accountants of India, has renewed qualification reciprocity agreement with the Institute of Chartered Accountants in England and Wales (ICAEW) in order to increase the mobility of professionals.

The pact, that was renewed on Wednesday, "demonstrates the strengthening ties and further commitment of ICAI and ICAEW to work even more closely to build a world of strong economies with the best professional skills," the Institute of Chartered Accountants of India (ICAI) said in a release.

"It would help in increasing the professional avenues for Indian professionals by facilitating recognition of Indian accounting professionals with local accountancy qualification in the UK in addition to existing ICAI qualification," ICAI President Prafulla P Chhajed said.

"It is befitting that we are signing this MoU on Gandhi Jayanti, the birthday of Mahatma Gandhi. He united India and we are uniting together to give our members greater opportunities in each other's countries," he added.

ICAEW President Fiona Wilkinson said, "Accountants and auditors play important roles in delivering business confidence, a very valuable commodity which is crucial for the continuing growth of economies and financial markets worldwide."

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Mumbai, Oct 2 (IANS) ICICI Prudential Life Insurance has signed a corporate agency agreement with Airtel Payments Bank for easy access to life insurance and savings plans for its customers, enabling them to provide financial security to their families and build long-term savings.

ICICI Prudential Life Insurance Managing Director and CEO N.S. Kannan said: "This partnership has paved the way for the Bank's account holders to expeditiously purchase life insurance and offer a financial safety-net to their families.

"Bridging the protection gap in the country is an imperative and the need of the hour is to offer affordable and simple products and leverage technology to smoothen the purchase experience. This association will enable the Bank to offer a long term savings product and enable customers to achieve their financial goals and simultaneously facilitate increasing our presence in under-served customer segments."

This partnership aims to leverage Airtel Payments Bank's deep distribution network and digital reach to offer millions of un-insured Indians with innovative and affordable life insurance products by ICICI Prudential Life Insurance, the company said.

Airtel Payments Bank Managing Director and Chief Executive Officer Anubrata Biswas said: "We are delighted to partner with ICICI Prudential Life Insurance as part of our endeavour to offer a bouquet of well-designed and innovative insurance products to millions of under-insured and un-insured Indians through our extensive distribution network and digital reach. This association is one more step taken by us to contribute towards the Government of India's vision of creating a financially inclusive society."

To begin with, on the protection platform, ICICI Pru iProtect Smart and on the savings platform, ICICI Pru Anmol Bachat will be available in phases to Airtel Payments Bank customers. ICICI Pru Anmol Bachat plan is a unique micro-insurance product offering dual benefits of savings and protection in small value sachets, designed for the under-insured while ICICI Pru iProtect Smart is a term plan that offers protection.

Conclusion:

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ICAEW President Fiona Wilkinson

ICAI, ICAEW renew qualification reciprocity pact

The apex body for chartered accountants, Institute of Chartered Accountants of India, has renewed qualification reciprocity agreement with the Institute of Chartered Accountants in England and Wales (ICAEW) in order to increase the mobility of professionals.

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