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Protean eGov Secures Rs100 Crore Mandate for Bima Sugam Insurance Marketplace

Leveraging a Rs100 crore RFP award, Protean eGov will build a nationwide digital insurance marketplace as part of a 72-month infrastructure mandate.

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Overview

  • Protean eGov Technologies received a Rs100 crore work order from Bima Sugam India Federation through an RFP process on June 9.
  • The company will serve as the technology solution provider for the Bima Sugam Marketplace, overseeing development, implementation, support and maintenance.
  • The six-year contract covers platform integrations and management of marketplace protocols for the unified insurance platform.
  • Bima Sugam India Federation is a not-for-profit consortium of insurers and regulators governing a nationwide digital marketplace for insurance products and services.
  • The award reinforces Protean eGov’s position as a key partner in India’s digital public infrastructure and DPI initiatives.