Bima Sugam to roll out standardised life, health, motor insurance this year

Bima Sugam to roll out standardised motor, health and life insurance products this year; Irdai proposes Public Insurance ...
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IRDAI seeks ‘significantly’ lower commissions on insurance products listed on Bima Sugam

IRDAI urges lower commissions on policies via Bima Sugam, its new digital marketplace. Insurers agree to "zero commission" ...

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 ...
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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 ...

IRDAI holds talks on Public Insurance Registry design

India's insurance regulator, IRDAI, met with industry leaders to discuss the new Public Insurance Registry and Bima Sugam ...
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IRDAI Floats Draft Regulations For Insurance Electronic Marketplace Bima Sugam

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 ...
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IRDAI Approves Creation Of Online Insurance Marketplace Bima Sugam

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 ...