Irdai's decision to implement ASBA facility for insurance premium payment will benefit customers by eliminating unauthorised deductions and delayed refunds, say experts. Insurance Regulatory and ...

Modelled after the UPI-linked ASBA mechanism for initial public offering (IPO) applications, Bima-ASBA allows the premium ...

A Shannon based Halal meat plant operator, Asba Meats has agreed to pay unpaid debts and costs of €16,931 to another meat firm after its owner was ordered to attend court. At Ennis District ...

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The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new payment mechanism called Bima-ASBA (Applications Supported by Blocked Amount) via Unified Payments ...

The Insurance Regulatory and Development Authority of India's (IRDAI's) fresh set of guidelines on Bima-ASBA could resolve the longstanding problem of unclaimed policy amounts cluttering the ...

Bima-ASBA enables policy seekers to authorize a one-time mandate (OTM) via UPI, blocking a specified amount in their bank account for premium payment. The blocked amount remains untouched until ...