Question
What is the primary aim of the newly launched Bima Sugam
portal?ÂSolution
The Bima Sugam portal was launched as the world’s largest online insurance marketplace, envisioned by IRDAI. It unifies all kinds of insurance (life, health, motor, travel, agricultural, commercial) under one platform, functioning like UPI for insurance. It enables buying, renewing, managing, and claiming policies at minimal cost, supporting the vision of Insurance for All by 2047Â
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