Bima Sugam Yojna (BSY) is an online insurance marketplace that is being developed by the Insurance Regulatory and Development Authority of India (IRDAI). It is designed to make insurance more accessible and affordable for all Indians. Objectives of the scheme The objectives of BSY are to: *Increase insurance penetration in India *Make insurance more affordable *Improve transparency in the insurance market *Encourage competition among insurance companies Features of the scheme: BSY will offer a variety of features, including: *Comparison of insurance policies from different companies *Online purchase of insurance policies *Online tracking of insurance claims *Customer support Benefits of the scheme: BSY is expected to offer a number of benefits to consumers, including: Convenience : BSY will make it easier for people to buy and manage their insurance policies. Comparison : BSY will allow people to compare policies from different companies to find the best deal. Transparency : BSY will
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