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    Question

    What is the effective date for the implementation of

    IRDAI’s newly launched Bima-ASBA payment mechanism?
    A January 1, 2025 Correct Answer Incorrect Answer
    B February 15, 2025 Correct Answer Incorrect Answer
    C March 1, 2025 Correct Answer Incorrect Answer
    D April 1, 2025 Correct Answer Incorrect Answer
    E May 1, 2025 Correct Answer Incorrect Answer

    Solution

    The Insurance Regulatory and Development Authority of India (IRDAI) introduced Bima-ASBA, a new payment mechanism for life and health insurance premiums, which will come into effect on March 1, 2025.

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