Recently, the Insurance Regulatory and Development Authority of India (IRDAI) approved the Bima Sugam Portal. This platform works as an insurance exchange where you can easily access all insurance-related services. Whether you want to buy insurance policies, manage claims, or transfer agents, Bima Sugam makes it simple and efficient. IRDAI aims to provide affordable health insurance to all Indian citizens through this portal.
Bima Sugam Portal 2025 – Overview
Bima Sugam is an online insurance exchange platform approved by IRDAI that includes all life and general insurance policies. Through this portal, you can buy policies, get services, and settle claims smoothly. It offers a shared platform where products from all insurance companies are available. Agents also have the option to sell policies through Bima Sugam. The portal is monitored by IRDAI to keep things clear and trustworthy.
Currently, the general insurance council and life insurance council each hold 30% shares, an online platform holds 35%, and the brokers association holds 5% in this insurance exchange.
Details about Bima Sugam Portal
| Article Name | Bima Sugam Portal |
| Approved By | Insurance Regulatory and Development Authority of India (IRDAI) |
| Purpose | To provide easy services from policy buying to claim settlement |
| Beneficiaries | All citizens buying insurance policies |
| Year | 2025 |
| Official Website | To be launched soon |
The Aim of Bima Sugam Portal
IRDAI’s main goal with Bima Sugam is to give all Indian citizens simple access to insurance services, from buying policies to making claims. The portal offers a list of all insurance policies in one place, making it easier for you to compare and choose the right plan. You can also access all your family’s insurance policies on this single platform.
The portal improves customer experience and makes service better after policy sales, especially through connected insurance agents. It also promotes subscriptions from approved agents across companies for better support.
E-Insurance Account – Like Your Demat Account
Under Bima Sugam, policyholders will get an e-insurance account similar to a demat account. This lets you keep all your and your family’s insurance policies in one online repository. You can safely store health, life, and vehicle insurance policies without needing to keep paper documents.
Renewing policies will also be easier without paperwork. Banks can quickly offer loans based on online insurance policy details. This digital platform is approved by IRDAI to handle claims and other insurance services.
Making Insurance Claims Easier
With all your and your family’s policies accessible in one place, making claims will be quicker and simpler. Nominees or beneficiaries can settle claims smoothly, reducing chances of fraud. Bima Sugam covers health, life, and general insurance like motor and travel insurance all in one platform.
The government is planning to introduce new insurance products and services like parametric insurance and OPD coverage, which will bring more benefits to you as a customer. The health insurance market in India is growing fast, and Bima Sugam is ready to support this growing demand.
Main Benefits and Features of Bima Sugam Portal
- You can buy insurance policies, calculate premiums, and settle claims easily on one platform.
- Access different insurance services smoothly through a single portal.
- Policy portability and claim settlement features make managing your insurance easier.
- Use an e-insurance account to keep all policies digitally in one safe place.
- No need to keep physical documents or handle paperwork for renewals.
- Access all your family members’ policies under one dashboard.
- Improved service after policy sale through connected agents.
- Better customer experience with subscriptions promoted through approved agents.
- Upcoming IRDAI circular will provide more details about the platform.
- Supports easy insurance purchase for life and health policies with subsidies and more.
- Linked with UIDAI, NSDL, and CDSL for secure and smooth service.
- Regular monitoring by IRDAI keeps it safe and reliable for users.
How to Apply on Bima Sugam Portal 2025
So far, IRDAI has approved Bima Sugam, but the official website is not yet live. Once the portal is launched, you will be able to apply and start using it for all your insurance needs. We will update you here with all the details when the application portal opens, so keep watching.
For now, you can get ready to use Bima Sugam as the easiest way to manage your insurance in 2025 and beyond.