What is 'Bima Sugam' primarily designed to function as?

A)
Insurance Platform
B)
Health Benefits Tracker
C)
Investment Planning Tool
D)
Financial Advisory Platform

Correct Answer :   Insurance Platform


* Bima Sugam is a unified digital insurance platform designed as an e-commerce-like marketplace for life and non-life insurance products.

* It onboards all insurance companies and provides a seamless digital experience for policy purchase, claim settlement, renewals, and grievance redressal.

* Eliminating paperwork through electronic policies and integrating it with government databases offers a one-stop solution for customers, agents, and insurers, enhancing efficiency and accessibility in the insurance sector.

Published On : November 23, 2024