News From Press Insurance firms asked to contribute capital to Bima Sugam by month's end

Insurance firms asked to contribute capital to Bima Sugam by month's end

Source: BS Feb 22, 2025

The Insurance Regulatory and Development Authority of India (Irdai) has directed insurance companies, which will be shareholders in Bima Sugam - its ambitious project to create an Amazon-like digital platform for buying, selling, and servicing insurance policies — to inject an initial capital of Rs 300 crore by the end of this month, according to multiple sources familiar with the development.

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