Current Affairs · Insurance Sector Initiatives
What is 'Bima Sugam', and what is its key objective for India's insurance sector as envisioned by IRDAI?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A one-stop digital marketplace for all types of insurance products to increase accessibility and transparency.✓
- 2A health insurance comparison platform restricted to public sector insurers.
- 3A digital portal dedicated exclusively to motor insurance claims and renewals.
- 4A new regulatory body introduced for the micro-insurance sector in India.
Correct answer
A one-stop digital marketplace for all types of insurance products to increase accessibility and transparency.
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