by AIP Online Bureau | Feb 13, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation, Risk Management, Technology
Bima Sugm will officially called as Rashtriya Bima Sugam Nigam Ltd and the shareholding of the company will be widely held amongst Life insurers, General Insurers and health insurers. Starting with a capital of Rs 200 crore, the shareholders, as and when required,...
by AIP Online Bureau | Dec 17, 2023 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Life, Non-Life, Regulation, Technology
Going by the earlier plans, Bima Sugam, built with a budget of Rs 200 crore,will be a centralised marketplace and a one-stop-shop for all insurance-related queries, including policy purchase, claim settlement, insurance advice and grievance redressal New...
by AIP Online Bureau | Sep 4, 2023 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Life, Non-Life, Regulation, Technology
Cyril Amarchand Mangaldas (CAM) has been appointed as the legal counsel for the project. Responsibilities of CAM will include incorporation of Section 8 not-for-profit company which will be the company owning the Bima Sugam platform The platform will support all...
by AIP Online Bureau | Jun 16, 2023 | Indian News, Life, Non-Life, Regulation, Technology
(Lto R) SN Rajeswari, member(Distribution), IRDAI, Debasish Panda, chairman,IRDAI, Sumit Bohra, president,Insurance Brokers Association at the Annual Brokers’ Meet in Mumbai on Friday “We are working to make the platform and the product as glitch-free as...
by AIP Online Bureau | May 18, 2023 | Health, Indian News, Life, Non-Life, Reinsurance
Debasish Panda, chairman, IRDAI Raising the overall budget for Bima Sugam to Rs 200 crore from around Rs 85 crore, Irdai now plans to go for requests for proposals (RFPs) soon to appoint a service provider for the platform. The service providers will be the...
