IRDAI Launches Bima Sugam, India’s Unified Insurance Marketplace

The Insurance Regulatory and Development Authority of India (IRDAI) has launched Bima Sugam, a single digital platform for all insurance needs, including life, health, motor, travel, property, agricultural, and general insurance. The portal allows customers to compare, purchase, renew, manage, and claim policies online, improving transparency, reducing costs, and increasing insurance penetration. Operated by the Bima Sugam India Federation with backing from the Life Insurance Council and General Insurance Council, it is hailed as the world’s largest integrated insurance marketplace, aligning with the “Insurance for All by 2047” vision.