Current Affairs


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BIMA SUGAM is an online platform where customers can choose a suitable insurance service from multiple options given by various insurance companies.

Key points:

» All insurance requirements, including those for life, health, and general insurance (including motor and travel) will be met by Bima Sugam.

»This platform will help in the settlement of claims, whether it is health coverage or death claims, in a paperless manner.

• Platform to be launched by June 2024.

Steps taken by IRDAI related to BIMA SUGAM:

⇒ IRDAI has appointed a committee for the creation of the platform.

⇒ It now plans to go for requests for proposals soon to appoint a service provider for the platform.

⇒ The service providers will be the technological partners for creating and running a platform to provide all the services in one place.