IRDAI has fixed Apr 19,2025 as the date of the launch of Bima Sugam. E&Y has been roped as a consultant to execute Bima Sugam

Mumbai: Prasun Sikdar, the first MD & CEO of Bima Sugam India Federation, has assumed his new charge recently.

Sikdar, who was earlier MD and CEO of ManipalCigna Health Insurance, has been appointed at Bima Sugam for a period of three years.

Sikdar is currently working from home as Bima Sugam, which is a non-profit company, is yet to choose an office space in Mumbai.

With IRDAI’s chairman Debasish Panda fixing Apr 19,2025 as the date of launch of Bima Sugam, Sikdar’s table is full from the day one and he has to run tight schedule to achieve the deadline.

Though E&Y, which has already been roped in as a consultant almost a year back to execute Bima Sugam project, there are a lot of pending works including the most complicated task of developing an IT platform to undertake online transactions.

Bima Sugam is a platform aimed at democratising insurance in India, potentially becoming the first of its kind globally. This single-window digital platform will serve as a comprehensive marketplace where consumers can compare, purchase, and manage insurance policies across the life, health, and general insurance sectors.

Bima Sugam’s core objective is to bring inclusivity to the insurance ecosystem by leveraging technology to reduce complexities, streamline processes, and make insurance accessible to all, particularly in underserved regions.