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The Bima Sugam India Federation has appointed Prasun Sikdar as its first Managing Director & Chief Executive Officer for a three-year term.
Sikdar, who currently serves as the MD and CEO of Manipal Cigna Health Insurance, has 25 years of experience in the Indian financial services sector. He has been instrumental in shaping the Bima Sugam project.
Bima Sugam is a digital platform that will enable investors to buy, renew, port and make claim requests completely online.
Insurance agents and intermediaries through the network of Bima Vahaks will be able to sell and renew insurance policies and make claim requests completely online by using this platform.
In a press release, Tapan Singhel, Founding Director & Chairman of the Nomination and Remuneration Committee of the Bima Sugam India Federation, said, “Bima Sugam is poised to revolutionize the Indian insurance sector. It promises to reshape how insurance is perceived and consumed in the country, making protection and financial security available at the fingertips of every Indian. The initiative aims to transform the insurance landscape by enhancing the accessibility, affordability, and availability of insurance products for every Indian citizen.”
Sharing his perspective, Mr Prasun Sikdar said, “This progressive platform will likely be one of the first initiatives of its kind globally. I am truly excited about the journey ahead and the potential to democratise and universalise insurance in Bharat. Our commitment to enhancing affordability, accessibility, and availability is crucial as we explore new initiatives, innovations, and strategies. The vision of 'Insurance for All' deeply resonates with me, and I am profoundly committed to working alongside the regulator and my industry colleagues to make this vision a reality.”