Bima Sugam To Be Game Changer For Insurance Sector: IRDAI Chairman

To ensure easy liability servicing, he said, “we are trying to mandate that all the policies should go to insurance repositories who will store details on a permanent basis. It will help in settlement of claims in a paperless manner on the basis of policy number.”

The portal, he added, “will promote ease of living and expand the reach of insurance…this is going to be a game changer. It will be a huge facilitator and I think with this platform you will not need to go anywhere physically.”