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Bima Sugam achieves financial closure, mops up Rs 340 crore from insurers and GIC Re

Bima Sugam achieves financial closure, mops up Rs 340 crore from insurers and GIC Re

by AIP Online Bureau | Apr 14, 2025 | Indian News, Life, Non-Life, Regulation, Technology

The Ministry of Finance has prohibited three PSU general insurers- Oriental Insurance Company , National Insurance Company and United India Insurance- from providing any capital to Bima Sugam as currently, they lack shareholders’ capital and they are not permitted use...
Bima Vahak’s portal is ready for soft launch in April, says IRDAI

Bima Vahak’s portal is ready for soft launch in April, says IRDAI

by AIP Online Bureau | Feb 15, 2025 | Eco/Invest/Demography, Indian News, Intermediaries, Life, Non-Life, Regulation, Technology

The implementation of Bima Sugam is going as planned and is now ready to be capitalized by Indian insurers, said the IRDAI Hyderabad: The unveiling of of IRDAI’s game changing move Bima Sugam might have been delayed but the portal for Bima Vahak’s, the localised...
Insurtech Zopper bags Bima Vahak deal, to develop tech platform for selling Bima Vistaar to masses

Insurtech Zopper bags Bima Vahak deal, to develop tech platform for selling Bima Vistaar to masses

by AIP Online Bureau | Oct 21, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Technology

Zopper has been awarded the project by the Indian insurers, represented by both the councils- General Insurance Council and Life Insurance Council, to create a comprehensive technology platform that can be used by the industry to enroll  agents, mainly women, in...

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