Pension and Insurance

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____________ becomes first insurer to launch Bima-Application Supported by Blocked Amount (Bima-ASBA) facility.

LIC

Bajaj Allianz

Bharti AXA

Birla Sun Life Insurance

Explanation:

Bajaj Allianz Life has announced that it will go live with the Bima-Application Supported by Blocked Amount (Bima-ASBA) facility. The Bima-ASBA facility allows policyholders to authorise the blocking of a specified premium amount -- up to Rs 2 lakh -- in their bank account using UPI’s One-Time Mandate (OTM).

By: Brijesh Kumar

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