Bima Sugam

IRDAI's Ajay Seth defends distribution reforms as industry pushes back on EoM, commission proposals

IRDAI's Ajay Seth defends distribution reforms amid concerns over commission caps

September 29 2026

He said the reforms are aimed at making insurance more affordable without compromising the industry's ability to pay claims.

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Bima Sugam to roll out first insurance products by September-end

July 2 2026

Motor, health and term cover will lead the digital marketplace's phased launch, which insurers are racing to connect to after technology delays.

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IRDAI chief outlines structural reforms over next six months — Report

March 4 2026

Country's insurance regulator takes up reforms to address high distribution cost flagged by the Economic Survey in February.

India takes next step toward Bima Sugam marketplace as website goes live

September 19 2025

The platform, launched in Hyderabad with IRDAI Chairman Ajay Seth officiating, marks the first step in India’s “Insurance for All by 2047” strategy and is expected to enable transactions by December 2...

India: Bima Vistaar set for rollout as IRDAI advances ‘Bima Trinity’

February 18 2025

The regulator is enhancing technology infrastructure while Bima Sugam and Bima Vahak are progressing toward launch.

IRDAI’s Bima Trinity’s ‘first phase’ nears soft launch - report

October 24 2024

Soft launch of Bima Sugam, the country's digital insurance distribution platform, is expected within the coming months.

Bima Sugam, India's electronic marketplace, set for April 2025 launch - reports

June 8 2024

First phase set to launch April, according to comments from IRDAI Chairman Debasish Panda.

India's GI market surge to be propelled by consumer awareness and regulatory reforms, says GlobalData

May 14 2024

10% annual growth to 2028 expected to be fueled by health, motor, and property segments, as well as initiatives like Bima Sugam.

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India's life insurance sector set for 10% CAGR, spurred by insurtech and regulations: GlobalData

May 8 2024

GlobalData expects market to surge to 13.5 trillion rupees by 2028.

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IRDAI unveils draft regulations for India's upcoming digital insurance marketplace, Bima Sugam

February 14 2024

The ambitious marketplace is being developed as a 'one stop shop' to improve insurance penetration in the country.

A circuit board with the indian flag on it.

Indian regulator establishes steering committee for ambitious Bima Sugam platform: Report

September 21 2023

The centralised marketplace has been delayed multiple times; the IRDAI has formed a steering committee in an effort to launch by July 2024.

The IRDAI aims to revive Bima Sugam insurance marketplace

April 19 2023

The platform would enable customers to access all insurance-related services from one place

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