The new system allows policyholders to block funds in their bank accounts for premium payments, ensuring smooth transactions without immediate debits, an IRDAI circular dated February 18 stated.

UPI platforms: RBI governor Shaktikanta Das said users will be able to pay rent, school fees, tax, and other fees for professional services via Bharat Bill Payment System. At present, the system ...

Bima-ASBA: New UPI-based insurance payment system for policyholders; here's how it works IRDAI: The new system allows policyholders to block funds in their bank accounts for premium payments Join ...