20
Nov
The Insurance Awareness Committee (IAC-Life) has welcomed the launch of the Bima Gram API by the Insurance Regulatory and Development Authority of India (IRDAI), describing it as a key policy intervention to enhance rural insurance coverage and strengthen India’s financial inclusion agenda. Developed by the National Informatics Centre in collaboration with the Ministry of Panchayati Raj, Department of Posts’ CEPT, and the Insurance Information Bureau of India, the API links postal PIN codes with Local Government Directory (LGD) codes, enabling insurers to digitally verify a policyholder’s Gram Panchayat (GP) location in real time. The initiative addresses longstanding policy challenges in…
