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<h1>Bima-ASBA facility requires insurers to block premiums via UPI-OTM until policy issuance, preserving payment-after-acceptance.</h1> Irdai mandates that life and health insurers offer a Bima-ASBA facility using UPI One Time Mandate to block premium amounts in a prospect's bank account and debit them only when the insurance policy is issued; insurers may block funds up to NPCI specified limits, must enable UPI OTM for premium collection, offer the facility to individual prospects, partner with multiple banks, and implement appropriate systems and processes.