{"id":21879,"date":"2025-09-18T11:24:02","date_gmt":"2025-09-18T05:54:02","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=21879"},"modified":"2025-09-18T15:16:03","modified_gmt":"2025-09-18T09:46:03","slug":"bima-sugam","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/bima-sugam\/","title":{"rendered":"Bima Sugam Portal"},"content":{"rendered":"<h2><b>Bima Sugam Portal Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, the Insurance Regulatory and Development Authority of India<\/span> <span style=\"font-weight: 400;\">has officially announced the launch of the much-awaited Bima Sugam portal.<\/span><\/p>\n<h2><b>About Bima Sugam Portal<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a <\/span><b>unified digital marketplace<\/b><span style=\"font-weight: 400;\"> for insurance, designed to bring insurers, intermediaries, and customers <\/span><b>onto a single platform.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is backed by the <\/span><b>Life Insurance Council and the General Insurance Council<\/b><span style=\"font-weight: 400;\"> (GIC).<\/span><\/li>\n<\/ul>\n<h2><b>Features of Bima Sugam Portal<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It helps <\/span><b>users to buy, sell, service, renew, manage<\/b><span style=\"font-weight: 400;\">, and even claim <\/span><b>insurance policies<\/b><span style=\"font-weight: 400;\"> with ease and full transparency.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This platform will serve as a <\/span><b>centralised database<\/b><span style=\"font-weight: 400;\"> to answer <\/span><b>insurance-related queries<\/b><span style=\"font-weight: 400;\"> and help consumers navigate the complex world of insurance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It also aims to accelerate the acceptance of new and sandbox products, opening the door for <\/span><b>innovation in insurance offerings.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It will <\/span><b>cover life insurance in all its forms<\/b><span style=\"font-weight: 400;\">, including term plans, savings products, annuity<\/span><b> and pension plans, as well as ULIP products.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0It also provides <\/span><b>health insurance options,<\/b><span style=\"font-weight: 400;\"> addressing the full range of medical and wellness needs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It will remain flexible to <\/span><b>host any new insurance products<\/b><span style=\"font-weight: 400;\"> that may be introduced in the future, as determined by the regulatory councils.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It will leverage <\/span><b>advanced digital technologies<\/b><span style=\"font-weight: 400;\"> to automate and digitise processes for multiple stakeholders,<\/span><\/li>\n<\/ul>\n<p><b>Source:<\/b> <a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-economics\/bima-sugam-portal-single-digital-marketplace-insurance-10255737\/\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">IE<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bima Sugam Portal is a unified digital marketplace for insurance, designed to bring insurers, intermediaries, and customers onto a single platform. Read more about Bima Sugam, Features, Latest News<\/p>\n","protected":false},"author":5,"featured_media":64050,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[2755],"class_list":{"0":"post-21879","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-bima-sugam","9":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=21879"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/64050"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=21879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=21879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=21879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}