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      Question

      Which insurance company became the first to go live with

      the BIMA-ASBA facility?
      A HDFC Life Insurance Correct Answer Incorrect Answer
      B ICICI Prudential Life Insurance Correct Answer Incorrect Answer
      C SBI Life Insurance Correct Answer Incorrect Answer
      D Bajaj Allianz Life Insurance Correct Answer Incorrect Answer
      E Max Life Insurance Correct Answer Incorrect Answer

      Solution

      Bajaj Allianz Life Insurance became the first insurer to implement the BIMA-ASBA facility. This facility enables policyholders to block their premium amount in their bank account, enhancing security and transparency in insurance transactions.

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