India’s Insurance Regulator Approves Bima Sugam, ‘Amazon-like’ marketplace for Insurance products

Aggregators like PolicyBazaar, brokers, banks and insurance agents will act as facilitators or bridges in terms of selling insurance policies through Bima Sugam to individuals.

Some general insurance companies will hold about 30 percent stake in Bima Sugam and another 30 percent will be held by some life insurance companies.


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