Bima Sugam

IRDAI steps up push for Public Insurance Registry, Bima Sugam; insurers flag data concerns

The discussions centred around standardising data-sharing protocols and accelerating system integration across insurers, as the regulator looks to build a centralised repository of policyholder records under the PIR

Universal Sompo’s health portfolio up 8% after GST cut: MD Sharad Mathur

The company is targeting a premium income of Rs 6,000 crore in FY26, compared with Rs 5,000 crore in the previous financial year

Bima Sugam platform takes next step as insurers begin uploading products

Although the marketplace officially went live on September 18, sources said it remains inaccessible to consumers as insurers continue testing and uploading products

Bima Sugam platform to rank insurance products using AI-driven metrics, will go beyond just pricing

The idea is to help consumers make informed decisions based on the reliability and performance of insurers, not just on affordability, says Deepak Rajoo, CIO, Royal Sundaram Insurance

Bima Sugam's website launched, insurance platform to go live in phases

Aimed as a unified digital marketplace for life, general and health insurance, Bima Sugam’s features will be rolled out in phases, focusing on security, compliance and scalability.

Bima Sugam likely to go through another phase of adjustments as governance, funding issues linger

The platform, originally planned for launch in early 2024, is now expected to be delayed by 12-18 months from the original timeline, sources said

Tailored insurance products needed to bridge middle-class coverage gap, says NIACL Actuary

The middle class represents a vast untapped market needing innovative, tailored insurance solutions to bridge the gap between existing products, and their lifestyle and financial aspirations, says Ramnarayanan

PB Fintech on a sticky wicket as Bima Sugam launch looms

Bima Sugam could be a game changer and ‘UPI moment’ in the insurance sector

Irdai proposes to set up online marketplace 'Bima Sugam'

A digital public infrastructure called 'Bima Sugam -- Insurance Electronic Marketplace' is proposed to be established to empower and protect the interest of policyholders, Insurance Regulatory and Development Authority of India (Irdai) said in a draft.