Bima-ASBA: Bajaj Allianz Life Introduces India’s First ASBA Insurance Payment System
Bajaj Allianz Life Insurance has introduced the Bima-ASBA (Application Supported by Blocked Amount) facility, becoming the first insurer in India to implement this innovative payment system. Launched on February 22, 2025, this initiative aligns with the Insurance Regulatory and Development Authority of India’s (IRDAI) efforts to enhance policyholder convenience and transparency in premium payments. Understanding…
