By Admin 
Bima Sugam Platform: In the coming times, the way to buy insurance in India may soon become even easier. Such general insurance products are expected to be available on Bima Sugam from June 2026. Which will not include any kind of commission.
According to the information, this will make it more economical for the customers to take the policy. Besides, it will be easier to understand the policy than before. The purpose of this step is to make insurance cheap, transparent and simple for the people.
Complete facilities on one platform
To simplify the tasks related to insurance, this platform is being prepared as an all-in-one solution. With Bima Sugam, people will be able to do all the work like buying, renewing and claiming the policy directly and easily without any middlemen.
What will be the new change for customers
The most important thing among the upcoming changes is that the commission charged on insurance products can be abolished. Now instead of agents, companies will pay fees of about 5 to 7 percent to the platform. Due to which the total cost can be reduced and customers will expect to get cheaper premium.
Besides, the process of understanding the policy is also being made easier. Along with the standard plans, there will be facility to add some additional options. This will make it very easy to compare different insurance plans. So that insurance buyers can make better choices.
Insurance services will start in phases
Instead of launching the products in Bima Sugam together, they will be launched in different phases. It can start with motor insurance of new vehicles from June 2026. In its next phase, plans related to renewal and health insurance are also expected to be included by August.
Term plans related to life insurance will be added by September 2026. In this way, there is a plan to gradually bring all the necessary insurance services on the platform.
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