Bima Sugam to roll out standardised motor, health and life insurance products this year; Irdai proposes Public Insurance ...
The discussions centred around standardising data-sharing protocols and accelerating system integration across insurers, as ...
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Bima Sugam rollout in 6 months with motor insurance products; IRDAI pushes public insurance registry
IRDAI met insurers to fast-track Bima Sugam rollout within six months and discussed a Public Insurance Registry, insurance ...
India's insurance regulator, IRDAI, met with industry leaders to discuss the new Public Insurance Registry and Bima Sugam ...
IRDAI urges lower commissions on policies via Bima Sugam, its new digital marketplace. Insurers agree to "zero commission" policies, marking a major shift.
Bima Sugam will be established under Section 8 of the Companies Act, 2013, as a not-for-profit company Shareholding of the company will be widely held amongst life, general and health insurers, with ...
It said that the marketplace would serve as a one-stop-platform for selling, servicing and claim settlements As per IRDAI, the platform will promote “transparency, efficiency, and collaboration across ...
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IRDAI to discuss rollout of public insurance registry and Bima Sugam with insurance CEOs
The meeting is expected to focus on the development of a centralised insurance data infrastructure through the Public ...
India aims for universal health insurance by 2033. 58 crore lives covered in 2024-25, with PM Jeevan Jyoti Bima and Ayushman Bharat expanding access.
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