استمتع بـUnlimited مع Magzter GOLD
احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل
Insurers seek more time to roll out Bima-Asba payment system
March 11, 2025
|Business Standard
Irdai's tight deadline delays adoption of UPI-linked premium blocking facility
Insurance companies have approached the Insurance Regulatory and Development Authority of India (Irdai) and sought an extension in implementing its new payment mechanism Bima-Asba (Applications Supported by Blocked Amount), which aims to simplify and streamline the payment process for health and life insurance policies, said multiple sources aware of the development.
In mid-February, Irdai introduced the Bima-Asba facility and mandated insurers to offer this facility, which will enhance convenience and reduce payment-related delays, to the policyholders by March 1. A majority of insurers have yet to go live with this feature.
The companies have initiated discussions with the UPI facility providers to implement Bima-Asba. They are working towards rolling out the feature soon, sources said, adding that the regulator's March 1 deadline was too early and prevented most insurers from meeting it.
هذه القصة من طبعة March 11, 2025 من Business Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Business Standard
Business Standard
Rebirth, regeneration and cycles of life
If you loved reading The Shadow Lines (1988) and The Hungry Tide (2004), written by Amitav Ghosh, chances are that his latest novel, Ghost-Eye, will blow your mind.
3 mins
December 20, 2025
Business Standard
Draft coal exchange norms propose strict net worth riders
The coal ministry has proposed stringent eligibility and oversight rules for entities seeking to establish a coal exchange in the country.
1 min
December 20, 2025
Business Standard
Trump signs defence law backing deeper India-US ties, Quad
US President Donald Trump has signed into law an annual defence policy bill that highlights broadening America’s engagement with India, including through the Quad to advance the shared objective of a free and open Indo-Pacific region and address the challenge posed by China.
1 min
December 20, 2025
Business Standard
India-Oman trade agreement opens the door to social security talks
Apart from expanding bilateral trade, the trade agreement signed between India and Oman also includes a provision that will enable the two countries to engage in negotiations on social security matters.
1 min
December 20, 2025
Business Standard
Putin offers no compromise on Ukraine, says EU ‘robbery’ failed
President Vladimir Putin offered no compromise on his terms for ending the war in Ukraine on Friday and accused the European Union of attempting “daylight robbery” of Russian assets.
1 mins
December 20, 2025
Business Standard
Revisiting the idea and project of India
Rather than offer a laundry list of ‘critical reforms in their latest book, A Sixth Of Humanity, Arvind Subramanian and Devesh Kapur identify the necessary conditions that would give India a fair shot at solving the important challenges ahead. An excerpt
5 mins
December 20, 2025
Business Standard
Irdai proposes allowing insurers to invest 20% in debt of public infra SPVs
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed permitting insurers to invest up to 20 percent of their funds in debt instruments issued by public limited special purpose vehicles (SPVs) operating in the infrastructure sector.
1 min
December 20, 2025
Business Standard
IndiGo probe decision taken after initial assessment: CCI
Competition Commission of India Chairperson Ravneet Kaur on Friday said that based on the initial assessment, the fair trade regulator had decided to look into IndiGo operations after recent flight disruptions, which severely impacted passengers across the country.
1 min
December 20, 2025
Business Standard
ICICI Pru AMC becomes most valued stock in capital mkt sector
Stock closes 19% higher post debut; market cap overtakes HDFC AMC
1 mins
December 20, 2025
Business Standard
India a step closer to trade pact with NZ
The Union Cabinet on Friday is learnt to have approved a trade agreement between India and New Zealand, according to people aware of the matter.
1 mins
December 20, 2025
Listen
Translate
Change font size