Bima-ASBA is a UPI One-Time Mandate (OTM)-based mechanism that allows customers to block their premium amount until the policy is underwritten, much like the ASBA process used in stock market ...
IRDAI has permitted insurers to block funds in a customer’s bank account via UPI for premium payments for life and health insurance policies In a circular, the insurance regulator said that the ...
Discover the transformative reforms in India's insurance sector, enhancing affordability, accessibility, and trust for all ...
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Year ender: From GST relief to Bima Sugam, 10 key reforms that changed India’s insurance sector in 2025 | Explainer
India’s insurance sector 2025 saw landmark reforms, from GST relief and 100 per cent FDI to Bima Sugam and cashless claims, ...
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