IRDAI urges lower commissions on policies via Bima Sugam, its new digital marketplace. Insurers agree to "zero commission" ...

The discussions centred around standardising data-sharing protocols and accelerating system integration across insurers, as ...

Bima Sugam to roll out standardised motor, health and life insurance products this year; Irdai proposes Public Insurance ...

India's insurance regulator, IRDAI, met with industry leaders to discuss the new Public Insurance Registry and Bima Sugam ...

IRDAI met insurers to fast-track Bima Sugam rollout within six months and discussed a Public Insurance Registry, insurance ...

Bima Sugam will be established under Section 8 of the Companies Act, 2013, as a not-for-profit company Shareholding of the company will be widely held amongst life, general and health insurers, with ...

It said that the marketplace would serve as a one-stop-platform for selling, servicing and claim settlements As per IRDAI, the platform will promote “transparency, efficiency, and collaboration across ...

The meeting is expected to focus on the development of a centralised insurance data infrastructure through the Public ...