Informative

IRDAI Allows Fund Blocking Via UPI For Insurance Premium Payments

Update / Judgement Date

19 Feb 2025

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingInsurance

IRDAI has allowed fund blocking via UPI for insurance premium payments. This provides greater flexibility and convenience for policyholders in paying their premiums and promotes the use of digital payment methods in the insurance sector.

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IRDAI Allows Fund Blocking Via UPI For Insurance Premium Payments

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