New Online Insurance Marketplace 'Bima Sugam' Approved medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.
IRDAI has approved the proposal to set up Bima Sugam — an online insurance marketplace. From buying insurance policies to renewals to claim settlement to portability to grievance redressal — Bima Sugam aims to provide an end-to-end digital journey to all policyholders. What is Bima Sugam? How will Bima Sugam benefit insurance policyholders? All you need to know
Health insurance companies ask customers to mention in their application forms if they are a smoker and, if yes, the duration. They may also have to state if they are a compulsive smoker.
The recently approved one-stop Bima Sugam digital insurance marketplace is expected by most insurance industry players to affect the business of private-sector aggregators, especially in straightline products at the lower end of the spectrum such as term products, motor and health covers.