IRDAI launches Bima Sugam: One-stop insurance marketplace, heres how it works

IRDAI has officially launched the much-awaited Bima Sugam portal, aiming to revolutionise India's insurance landscape. This one-stop digital marketplace seeks to enhance transparency and efficiency for consumers, insurers, and intermediaries. Bima Sugam will enable policyholders to compare and purchase various insurance policies, with claim settlement and policy renewal features planned as well.