CrackitToday App

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.