Bima Sugam
A plain-English definition from the DeployIT insurance technology glossary.
In short: IRDAI-backed digital insurance marketplace initiative intended as a unified platform for buying, selling and servicing policies.
Related terms
- IRDAI
- Insurance Regulatory and Development Authority of India.
- ISNP (Insurance Self-Network Platform)
- An IRDAI framework permitting intermediaries and insurers to sell and service insurance through their own digital platforms, with prescribed system, audit and grievance requirements.
See this concept working in software
DeployIT puts quoting, issuance, renewals, claims and commissions on one platform built for Indian insurance distribution.