In a major leap for the insurance sector, Bajaj Allianz Life has become the first company to introduce the Bima-ASBA facility. The innovative service is in line with the Insurance Regulatory and ...

Bima-ASBA is a significant step forward in making premium payments smoother and customer friendly. Under this IRDAI ...

Bima-ASBA allows policyholders to block a specified amount (up to ₹2 lakh) in their bank account via UPI’s One-Time Mandate ...

This eliminates the need for upfront premium payments and ensures greater financial security and transparency, says a release ...

Bajaj Allianz Life Insurance introduces Bima-ASBA for policyholders, offering convenience, transparency, and flexibility in ...

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new payment system, Insurance-ASBA ...

Irdai's implementation of Bima-ASBA for insurance premium payments will enhance transparency and security by blocking the ...

Irdai's decision to implement ASBA facility for insurance premium payment will benefit customers by eliminating unauthorised ...

Irdai's Bima-ASBA facility for insurance premiums aims to eliminate unauthorized deductions, ensure timely refunds, and enhance transparency for policyholders.

ASBA, a facility eliminating unauthorised deductions and enhancing transparency in premium payments. Policyholders can now block funds in their bank accounts, which are debited only upon policy ...

Under this new payment method, the insurer can send a one-time mandate to block a certain amount for their insurance policy.

The Insurance Regulatory and Development Authority of India (IRDAI) has floated the Bima-ASBA facility to simplify insurance ...