Must-Read

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

Update / Judgement Date

23 Feb 2025

Source

News18

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingInsurance

Bajaj Allianz Life has launched the 'Bima ASBA' facility, a new UPI-enabled payment mechanism for policy premiums. This innovation aims to simplify and streamline premium payments. The facility leverages UPI technology for convenient and secure transactions. This move reflects the increasing adoption of digital payment solutions in insurance. It underscores the importance of enhancing customer experience. The facility is designed to promote seamless insurance transactions.

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

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