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

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 ...

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

It allows policyholders to block funds in bank accounts via UPI, ensuring a smoother transaction process without immediate ...

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

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 ...

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

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

Insurance regulator Irdai has directed life and health insurers to provide Bima-ASBA, a facility allowing policyholders to ...

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

Insurance regulator Insurance Regulatory and Development Authority of India has asked life and health insurers to provide ...