| Aspect | Details |
|---|---|
| Name of Platform | Bima Sugam |
| Regulator | IRDAI (Insurance Regulatory and Development Authority of India) |
| Operating Body | Bima Sugam India Federation (BSIF) |
| Objective | Increase insurance penetration, improve transparency, reduce friction |
| Vision | "Insurance for All by 2047" & Viksit Bharat 2047 |
| Features | Unified platform for comparison, purchase, renewal, management, and claims |
| Types of Insurance | Life, health, motor, travel, property, agricultural, and general insurance |
| Participants | Insurers, intermediaries, brokers, agents, banks, aggregators, policyholders |
| Phasing | Rolled out in phases; full transactional functions by December 2025 |
| Initial Functionality | Information and guidance hub |
| Future Features | Policy transactions, renewals, claims activation |
| Strategic Significance | Digital Public Infrastructure (DPI) |
| Accessibility | Enhances access for rural and underserved populations |
| Transparency | Enables comparison and clear policy information |
| Cost Efficiency | Reduces costs for users and insurers |
| Regulatory Alignment | Supports standardization, better service, and accountability |
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