The Bima Sugam India Federation (BSIF) has launched its official website. It was unveiled by Insurance Regulatory and Development Authority of India (IRDAI) chairman Ajay Seth.
The launch also marks the first visible step in building India’s pioneering Digital Public Infrastructure for insurance, aligned with the national vision of ‘Insurance for All by 2047’ and the prime minister’s mission of Viksit Bharat 2047.
“This initiative will empower policyholders, deepen insurance penetration and ensure transparency and fairness across the value chain,” said Mr Seth.
“The Bima Sugam website provides clarity on our vision, governance and progress, while bringing customers, insurers and intermediaries together on a common platform,” said BSIF chairperson Rakesh Joshi.
“The rollout of platform features will follow a phased approach, ensuring the highest levels of security, compliance and scalability.”
Mr Joshi also said, “In line with the Board-approved roadmap, the marketplace will progressively go live with real transactions as insurers and ecosystem partners complete necessary integrations over the coming months.”