Overview

• IRDAI chairman Ajay Seth launched the Bima Sugam website at the regulator’s Hyderabad headquarters, marking the initiative’s public debut.
• BSIF said the rollout is phased, with full transaction capabilities to be activated over the coming months as ecosystem integrations are completed.
• The platform is intended to host life, health and general insurance in one place and to serve as a policy repository with e-KYC and consent utilities.
• IRDAI framed the project as a foundational element of India’s Digital Public Infrastructure for insurance and linked it to the goal of Insurance for All by 2047.
• Industry leaders endorsed the effort, emphasizing a single roof for insurers, intermediaries, banks and aggregators alongside commitments to security and compliance.