๐๐ฎ๐ณ India's IRDAI says "Insurance for all by 2047" with Bima Sugam, the new online insurance marketplace! ๐ป๐ก๏ธ
๐ Bima Sugam aims to be a one-stop solution for all insurance stakeholders, promoting transparency and efficiency. Say goodbye to confusing policies and hello to a more accessible insurance world! ๐ค๐
๐ข Insurance penetration in India dropped to 4% in FY23, but Bima Sugam plans to change that. Get ready for more affordable and accessible insurance products coming your way! ๐ธ๐
๐๏ธ Bima Sugam will be a not-for-profit company, ensuring no single entity has control. The IRDAI will appoint two board members to keep things in check. Talk about good governance! ๐๐ฉโ๐ผ
๐ Insurtech industry, buckle up! Bima Sugam is expected to boost the sector and encourage new-age insurance players. ๐ค๐
Thoughts on Bima Sugam? Share your opinions in the comments! Let's chat! ๐ฌ๐