What is the primary aim of the newly launched Bima Sugam

Q: Answer-What is the primary aim of the newly launched Bima Sugam portal?

The Bima Sugam portal was launched as the worlds 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 2047

portal?

A To digitize agricultural subsidies Correct Answer Incorrect Answer

B To serve as a unified online insurance marketplace Correct Answer Incorrect Answer

C To replace Aadhaar as an ID system Correct Answer Incorrect Answer

D To manage bank loan applications Correct Answer Incorrect Answer

E To track mutual fund investments Correct Answer Incorrect Answer

Solution

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 2047

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RBI Grade B

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