Bajaj Allianz Life Goes Live With Bima-ASBA Facility, The New UPI-Enabled Payment Mechanism For Policy

Bima-ASBA is a significant step forward in making premium payments smoother and customer friendly. Under this IRDAI initiative, policyholders can opt for UPI’s One-Time Mandate (OTM) and authorise the blocking of a specified amount (up to ₹2 lakh) in their bank account via UPI.

Feb 23, 2025 - 13:30
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Bajaj Allianz Life Goes Live With Bima-ASBA Facility, The New UPI-Enabled Payment Mechanism For Policy
Bima-ASBA is a significant step forward in making premium payments smoother and customer friendly. Under this IRDAI initiative, policyholders can opt for UPI’s One-Time Mandate (OTM) and authorise the blocking of a specified amount (up to ₹2 lakh) in their bank account via UPI.

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Subhashree Hi, This is Subhi. Welcome to my blog! I love to keep up with the latest news in healthcare, technology and media. Here you will find insightful articles that inform and interest you about the world around you. Join me as I drift between health and technology, and stay up-to-date!