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IRDAI Unveils ‘Bima Sugam India Federation (BSIF) Website’ to Strengthen Digital Public Infrastructure for Insurance.

Banking & Finance | Dated: 20 Sep 2025

In September 2025, the Insurance Regulatory and Development Authority of India (IRDAI) launched the ‘Bima Sugam India Federation (BSIF) website’ at its headquarters in Hyderabad, Telangana. The launch, led by IRDAI Chairman Ajay Seth, marks a significant milestone in India’s digital public infrastructure (DPI) for the insurance sector.

🎯 Key Highlights:

  • - The ‘Bima Sugam India Federation (BSIF) website’ was unveiled by Ajay Seth, Chairman of IRDAI, at the IRDAI headquarters in Hyderabad, Telangana. The initiative has been designed to integrate India’s insurance ecosystem on a single digital platform.
  • - The platform is backed by the Life Insurance Council and the General Insurance Council. Together, they are enabling Bima Sugam to function as a one-stop portal for policyholders, covering life, health, motor, and other types of insurance products.

💡 Other Important Facts:

  • (i) Bima Sugam provides a unified system for comparing, purchasing, and managing insurance policies. Apart from serving as a marketplace, it acts as a centralized database to resolve insurance-related queries, thereby increasing transparency and helping customers make informed decisions.
  • (ii) During its initial phase, the platform will serve as an information and guidance hub for consumers. Full-fledged transactions are scheduled to commence in December 2025, once insurers and ecosystem partners complete the required digital integrations.
  • (iii) The platform is expected to enhance insurance penetration, ensure fairness across the value chain, and empower policyholders. Its launch aligns with India’s national goal of achieving “Insurance for All by 2047” under the Viksit Bharat 2047 mission.

📚 Test Your Knowledge:

Who recently launched the ‘Bima Sugam India Federation (BSIF) website’ at IRDAI headquarters in Hyderabad, Telangana?

Correct Answer: Ajay Seth

🚀 Quick Recap: