Getting insurance just got easier! The Bima Sugam website has been launched, making all insurance-related work a one-stop shop.

To make insurance services digital and simple in India, IRDAI Chairman Ajay Seth launched the official website of the Bima Sugam India Federation (BSIF) on Wednesday. This initiative is part of Prime Minister Narendra Modi's 'Insurance for All by 2047' and 'Viksit Bharat 2047' missions.

Bima Sugam India Federation: A historic new step has been taken for the insurance sector in India. IRDAI (Insurance Regulatory and Development Authority of India) Chairman Ajay Seth launched the official website of the Bima Sugam India Federation (BSIF) on Wednesday. This initiative is part of Prime Minister Narendra Modi's vision of 'Developed India 2047' and 'Insurance for All by 2047'.

What is Bima Sugam, and why is it special?

Bima Sugam is a digital public infrastructure (DPI) aimed at providing easy, transparent, and accessible insurance services to every citizen of India. This platform will be the "Amazon of Insurance," allowing people to view, compare, and purchase all policies across life, health, motor, and general insurance, all in one place.

The platform's most significant feature is that it will not only enable policy purchases but also facilitate claim settlements and policy renewals through a completely paperless process, simply by entering the policy number. This simplifies the entire insurance journey.

When will the Bima Sugam portal be live?

The official website for Bima Sugam has been launched, but the portal is not yet live. According to media reports, the first phase will begin in December 2025. The platform was originally scheduled to launch in April 2025, but was postponed due to technical and integration issues.

According to an IRDAI press release, Bima Sugam will be rolled out in a phased manner. This will ensure that the platform meets the highest levels of security, compliance, and scalability.

At the website launch, IRDAI Chairman Ajay Seth said, "Insurance Sugam is a historic step for India. This initiative will empower policyholders, deepen insurance penetration, and ensure transparency and fairness across the value chain. I am confident that the collective efforts of the industry will achieve the dream of 'Insurance for All by 2047.'"

Prasun Sikdar, MD and CEO of Insurance Sugam India Federation, said, "This website is an authentic gateway for both the public and the industry. It presents a clear picture of our vision and progress and brings customers, insurance companies, and agents together on a single platform."

Dr. Tapan Singhal, MD and CEO of Bajaj Allianz General Insurance, who is also the Chairman of the General Insurance Council, called it a "historic step." He said that Insurance Sugam will elevate India's insurance sector to global standards and make it simple, easy, and accessible to every Indian.

Benefits of Bima Sugam

All insurance policies will be available on a single platform. The entire process will be paperless, requiring only the policy number. Transparency and time savings will be achieved, and access will be easy for small agents, intermediaries, and insurance companies.

Conclusion

Bima Sugam is not only a platform that will usher in a digital revolution in the insurance sector, but also a strong step towards realizing Prime Minister Modi's vision of a 'Developed India 2047'. When this platform is fully launched, buying, renewing, and claiming insurance in India will be as easy as shopping online.

FAQs

Q1. What is Bima Sugam?

Bima Sugam is a digital platform where all types of insurance policies will be available in one place, and the entire process will be paperless.

Q2. Who launched the Bima Sugam website?

It was launched by IRDAI Chairman Ajay Seth.

Q3. When will Bima Sugam go live?

Its first phase is expected to go live in December 2025.

Q4. What benefits will Insurance Sugam provide to customers?

Customers will be able to easily purchase, compare, renew, and make claims without any paperwork.

Q5. What policies will Insurance Sugam cover?

The platform will cover life insurance, health insurance, motor insurance, and other general insurance policies.