{"id":17341,"date":"2023-09-19T17:55:52","date_gmt":"2023-09-19T12:25:52","guid":{"rendered":"https:\/\/www.nextias.com\/current_affairs\/?p=17341"},"modified":"2023-09-19T17:55:56","modified_gmt":"2023-09-19T12:25:56","slug":"bima-sugam-platform","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/19-09-2023\/bima-sugam-platform","title":{"rendered":"Bima Sugam Platform"},"content":{"rendered":"\n<p><strong>Syllabus: GS2\/Government Policies and Interventions<\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">News<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Insurance regulator IRDAI has formed <strong>a steering committee,<\/strong> which will act as the apex decision making body for creation of its ambitious <strong>Bima Sugam platform<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">About<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The steering committee is composed of <strong>members from IRDAI, LIC and private insurance companies<\/strong> like ICICI Prudential Life Insurance, Tata AIA Life Insurance and others.<\/li>\n\n\n\n<li>Responsibilities of the committee include <strong>incorporation of Section 8 not-for-profit company which will be the company owning the Bima Sugam platform.<\/strong>&nbsp;<\/li>\n\n\n\n<li>The platform <strong>will support all personal and commercial\/business insurance requirements and support in identifying and comparing optimal products to meet user requirements<\/strong> within stipulated timelines.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Bima Sugam Platform<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bima Sugam will enable individuals to buy life, health, motor or property insurance policies online<\/strong>.&nbsp;<\/li>\n\n\n\n<li>The<strong> platform will enable easy access under a single roof for insurance companies, agents, brokers, banks and even aggregators.<\/strong><\/li>\n\n\n\n<li>The <strong>platform will act as a centralised database<\/strong> which will assist consumers with all insurance related queries.&nbsp;<\/li>\n\n\n\n<li>It will also pave the way for a <strong>speedy acceptance of new or sandbox products.<\/strong><\/li>\n\n\n\n<li>It will be a <strong>centralized marketplace and a one-stop-shop for all insurance-related queries,<\/strong> including policy purchase, claim settlement, insurance advice and grievance redressal.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/indianexpress.com\/article\/business\/market\/rbi-creation-bima-sugam-online-portal-project-consultant-appointment-request-for-proposal-8945950\/\" target=\"_blank\" rel=\"noopener\"><strong>IE<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Syllabus: GS2\/Government Policies and Interventions News About Bima Sugam Platform Source: IE<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-17341","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/17341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=17341"}],"version-history":[{"count":1,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/17341\/revisions"}],"predecessor-version":[{"id":17342,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/17341\/revisions\/17342"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=17341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=17341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=17341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}