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.