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

Bima-ASBA allows policyholders to opt for the Unified Payments Interface (UPI) One-Time Mandate (OTM) and authorise the blocking of a specified amount-up to Rs 2 lakh-in their bank account via UPI ...

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

Insurance Regulatory and Development Authority of India (Irdai) has directed life and health insurers to provide Bima-ASBA, a facility wherein a policyholder blocks the amount towards premium in his ...