Bima Sugam Portal

Bima Sugam Portal:

Bima Sugam Portal is an electronic platform to sell insurance. Policyholders can view their insurance plans here.To create a common platform for insurance buyers and sellers, the GoI recently launched the Bima Sugam Portal. 

• They can also manage their plans.
• The portal is accessible to insurance buyers, and sellers.
• Agents and intermediaries can also have access to the portal.
• The growth rate of the insurance sector in the country is very slow.
• Indian insurance sector accounts for less than 1.5% of world insurance.
• GoI has been taking several measures to increase investment in the sector.
• The FDI limit was increased to 49% from 26%.
• LIC was disinvested; Sampoorna Bima Gram Yojana has launched; Jeevan Jyoti Bima Yojana; Pradhan Mantri Suraksha Bima Yojana, etc.